paid marketing

14 statements across 10 episodes · 3 bullish · 9 bearish · 10 people on the record · first statement Mar 13, 2020 by Adena Hefets · across every show →

Everything said about paid marketing, oldest first

Mar 13, 2020 negative
Insight
Hefetz: Diminishing Paid Returns Require Startups to Build Proprietary Distribution
“So I'd say paid is hard because I think that there's definitely diminishing returns. And the way you adjust that is by finding a proprietary distribution channel that really lets you scale up with lower costs.”
Adena Hefets Mar 13, 2020 ▶ 12:11 20VC: 3 Addictions Of Early-Stage Startup Founders, How Founders Should Strategically Think Through Unit Economics From Day 1 & Why Micromanagement Can Be Beneficial In The Early Days with Adena Hefets, Co-Founder @ Divvy Homes
Jan 16, 2023 negative
Disclosure
Jordan: Reluctant to invest in startups relying on paid marketing
“So I am reluctant to invest in companies that, that require heavy paid marketing to build their audience. You know, the best Concepts typically don't need, you know, they're so compelling, they don't need to buy users.”
Jeff Jordan Jan 16, 2023 ▶ 15:10 a16z GP Jeff Jordan: The Ultimate Guide to Two-Sided Marketplaces | 20VC #966 · 20VC with Harry Stebbings
Feb 16, 2023 bearish
Insight
Duboe: Paid marketing channel performance always degrades as customer acquisition scales
“The thing that many people miss early on is that paid degrades with scale. Yeah. Everyone says like, you know, you'll get better at it. So you'll fight kind of the laws of gravity that might happen in a short term, but on a long-term time horizon, performance …”
Mike Duboe Feb 16, 2023 ▶ 46:28 Mike Duboe: Top 5 Lessons Scaling Stitch Fix to IPO; Why CAC/LTV is a BS Metric | 20VC #978 · 20VC with Harry Stebbings
Feb 16, 2023 positive
Insight
Duboe: Measurement and Creative Volume Are the Only Sustainable Marketing Advantages
“Ultimately what makes one great, or the only sustainable advantage on, on channels is having great measurement, being sophisticated measurement, and then having great volume of creative and great creative that performs.”
Mike Duboe Feb 16, 2023 ▶ 50:57 Mike Duboe: Top 5 Lessons Scaling Stitch Fix to IPO; Why CAC/LTV is a BS Metric | 20VC #978 · 20VC with Harry Stebbings
Mar 15, 2023 positive
Insight
Paid Channels Should Target 30% of Customer Acquisition Mix
“I usually tell people 30% tells me that you're not dependent on paid, and it tells me that you're doing it enough To have like a need to keep refining and improving it, being relevant in the moment and those types of things.”
Adam Grenier Mar 15, 2023 ▶ 51:06 Adam Grenier: The Inside Story to Uber’s Hypergrowth; How We Spent $1B/mo in China | E989 · 20VC with Harry Stebbings
Jun 28, 2023 negative
Insight
Hyman: Great brands scale through organic virality, not paid ads
“The best brands on earth are brands that grow virally and organically. And the way that you do that is you invest in either delivering a much better customer experience, or you invest in building a brand that is so emotionally resonant with the consumer that t…”
Jennifer Hyman Jun 28, 2023 ▶ 42:02 Jennifer Hyman: Rent The Runway's Journey to $1.7B IPO; Lessons from Beyoncé & Estée Lauder | E1031 · 20VC with Harry Stebbings
Jul 26, 2023 negative
Prediction Not checkable as stated
Sri Batchu: Indiscriminate paid marketing spending is permanently dead
“Pouring, you know, money indiscriminately into paid marketing, I think is gone for two reasons. One is, of course, like the efficiency environment, and I don't think we're going to be in a completely zerp environment again. And the other reason being, I think …”
Sri Batchu Jul 26, 2023 ▶ 1:04:01 Sri Batchu: Biggest Growth Lesson from Instacart & Opendoor; 70% of Experiments Should Fail | E1040 · 20VC with Harry Stebbings
Jul 26, 2023 positive
Disclosure
Sri Batchu: Ramp unifies paid marketing, SEO, and PLG under one team
“And at RAMP they're all under one roof which is great and have the same kind of north stars and goals.”
Sri Batchu Jul 26, 2023 ▶ 6:26 Sri Batchu: Biggest Growth Lesson from Instacart & Opendoor; 70% of Experiments Should Fail | E1040 · 20VC with Harry Stebbings
Jun 21, 2024 negative
Insight
Building product-led growth starting with paid marketing rarely works
“I don't think you can, it's really hard to build a product led business if you start with paid marketing.”
Val Scholz Jun 21, 2024 ▶ 50:51 Val Scholz: How Revolut Acquired Their First 10M Users: Tips, Tactics & Strategies | E1168 · 20VC with Harry Stebbings
Jun 21, 2024
Disclosure
Revolut reached 10 million users without using paid marketing
“We didn't use it.”
Val Scholz Jun 21, 2024 ▶ 18:14 Val Scholz: How Revolut Acquired Their First 10M Users: Tips, Tactics & Strategies | E1168 · 20VC with Harry Stebbings
Jul 26, 2024
Assertion Partly supported
Wise maintains a 70/30 split between word of mouth and paid acquisition
“It's about 30% of The 1.5 million customers we acquired last quarter came in through paid, about 70% came in through word of mouth. And if you went back 1012 years, it was about 30% through paid, 70% through word of mouth.”
Nilan Peiris Jul 26, 2024 ▶ 6:26 Nilan Peiris: What Growth Hacks Worked and What Did Not, from Wise CPO | E1182 · 20VC with Harry Stebbings
May 23, 2025 negative
Insight
Harries: Paid marketing before PMF is early B2B startups' biggest mistake
“The biggest mistake I see early founders making, particularly for BtoB, is doing paid marketing too early. Because if you don't have PMF yet, you're not going to get paid marketing working, and you're going to spend all your time and all your engineering time …”
Luke Harries May 23, 2025 ▶ 1:00:34 20VC: ElevenLabs Head of Growth on Why You Do Not Need PMs | The 7-Part Launch Playbook That Gets 700K+ Views Per Product | The Truth About CAC, Payback & Performance Marketing in AI with Luke Harries
Mar 14, 2026 bearish
Insight
Verna: Paid marketing is the most expensive and defenseless growth path
“Paid marketing to me is Is a cheap way out, and it's not competitively defensible. I should say cheap. It's actually the most expensive way out, and it's not competitively defensible at all, and it's not sustainable.”
Elena Verna Mar 14, 2026 ▶ 26:34 Elena Verna: How Lovable Launches Product & Hacks Social to Go Viral · 20VC with Harry Stebbings
Mar 14, 2026 negative
Insight
Verna: Avoid paid marketing if your user conversion takes over three months
“Unless your conversion window is under three months, I would say don't start with paid marketing as your growth lever, because you will never be able to make it spin fast enough, because you don't, you have such a long conversion windows.”
Elena Verna Mar 14, 2026 ▶ 25:40 Elena Verna: How Lovable Launches Product & Hacks Social to Go Viral · 20VC with Harry Stebbings
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