The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20Growth: Inside Perplexity's Growth Machine: What Worked, What Did Not Work | Why Paid Acquisition is a Drug and Brand Marketing is BS | The Good, Bad and Ugly of A/B Tests and Why Micro-Optimisations are Under-Rated with Raman Malik

379 snips
Nov 15, 2024
Raman Malik, Head of Growth at Perplexity and a former member of Lyft's growth team, delves into the heart of growth marketing. He shares why he sees paid acquisition as a 'drug' and dismisses brand marketing as often ineffective. Raman emphasizes the importance of partnerships and data-driven strategies for user retention. He offers insights on the nuances of A/B testing and advocates for hiring former founders for their unique perspectives. Discover the underestimated growth channels that propelled Perplexity forward and the real metrics that define engaged users.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
ANECDOTE

Influencer Marketing Mistakes

  • Raman Malik's initial focus on influencer marketing at Perplexity was time-consuming and ineffective.
  • Working with fewer creators and developing deeper relationships proved more valuable.
ADVICE

Prioritizing Growth Metrics

  • Focus on user growth and retention before prioritizing monetization or paid acquisition.
  • Once retention plateaus, shift focus to CAC/LTV optimization and channel efficiency.
ANECDOTE

Paid Acquisition at Lyft

  • At Lyft, turning off paid acquisition channels barely affected sign-ups, proving it cannibalized organic traffic.
  • Paid acquisition can be useful for marketplaces to balance supply and demand or target under-indexed audiences.
Get the Snipd Podcast app to discover more snips from this episode
Get the app