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Galanis: Cameo has already won the US personalized celebrity video marketplace

Steven Galanis · 20VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need? · Jun 28, 2019 · at 16:29

Steven Galanis is the co-founder and CEO of Cameo. He discusses Cameo's market dominance in the US market as the foundation for global expansion.

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“We, you know, we have really high conviction that we've already won this marketplace in the US”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Steven Galanis

Insight
Galanis: Founders must quit their day jobs before seeking his advice
“When a young entrepreneur comes into me today at the office of Cameo, the very first thing I'll ask them is, have you quit your job yet? If they haven't quit your job, I tell them to leave and let me know when they have, because if they don't have conviction i…”
Steven Galanis Jun 28, 2019 ▶ 6:41 20VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
Insight
Galanis: Only 3% of the world has the entrepreneurial gene
“I think that three percent of the world's population has that sick gene in their head. Their personality makes them an entrepreneur.”
Steven Galanis Jun 28, 2019 ▶ 5:40 20VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
Insight
Galanis: True entrepreneurs can never be happy working under others
“When you're an entrepreneur, there's literally nothing you can do to be happy in any other job, no matter how amazing the place is, and you can never be your best self unless you are running the show.”
Steven Galanis Jun 28, 2019 ▶ 5:48 20VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
Insight
Galanis: VCs should convince founders to take their money, not vice versa
“When you're fundraising, it should never be you convincing VCs or any investor to invest in the business. You want to find that investor that seeks you out and has so much conviction about what you're doing that they spend their time convincing you to take the…”
Steven Galanis Jun 28, 2019 ▶ 19:30 20VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
Assertion Not checkable as stated
Galanis: Cameo spent $0 on marketing while growing 1,300% in 2018
“We don't spend any money on marketing. We grew the business 1300% last year because every single cameo is a commercial for the next one”
Steven Galanis Jun 28, 2019 ▶ 21:26 20VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
Insight
Galanis: Entrepreneurs must love their mission, not their product
“It is so important as an entrepreneur to fall in love with your mission, but not fall in love with your product.”
Steven Galanis Jun 28, 2019 ▶ 13:03 20VC: Cameo's Steven Galanis on Why You Must Fall In Love With Your Mission Not Your Product, How To Extract As Much Value From Your Investor Base As Possible & Should You Really Hire For 6 Months Ahead of What You Need?
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