Matt Lerner, Head of Distro Dojo London at 500 Startups, explains the origin of the term 'growth hacker' while citing industry pioneers.
0:00 / 0:04exact quote · 4.4s
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“Sean Ellis invented the term when he worked at Dropbox”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Matt Lerner
Insight
Lerner: A startup's founder must serve as its first head of growth
“So I really believe very strongly that your first head of growth is your founder, and their first hires, I wouldn't start by hiring somebody senior.”
Matt LernerMay 31, 2024▶ 30:45Matt Lerner: How to Hire Growth Leaders and Teams and Why in a World of AI | E1159 · 20VC with Harry Stebbings
AssertionNot checkable as stated
Lerner: PayPal wasted hundreds of millions on unused marketing and products
“They spent hundreds of millions of dollars on marketing campaigns, building products that, frankly, nobody ever used”
Matt LernerMay 31, 2024▶ 3:03Matt Lerner: How to Hire Growth Leaders and Teams and Why in a World of AI | E1159 · 20VC with Harry Stebbings
Insight
Lerner: Revenue is the wrong North Star metric for early-stage startups
“The biggest mistake with North Star, and it's a very reasonable one, is they choose their North Star as revenue, or profits.”
Matt LernerMay 31, 2024▶ 14:00Matt Lerner: How to Hire Growth Leaders and Teams and Why in a World of AI | E1159 · 20VC with Harry Stebbings
AssertionNot checkable as stated
Lerner: PayPal's best growth hires had zero marketing or product background
“The best, I'll say categorically, the best growth people I hired and managed in my time at PayPal had no marketing experience, had no product experience at all.”
Matt LernerMay 31, 2024▶ 33:09Matt Lerner: How to Hire Growth Leaders and Teams and Why in a World of AI | E1159 · 20VC with Harry Stebbings
PredictionNot checkable as stated
Lerner: Prospects will become immune to AI outbound outreach within a year
“They will become a nerd to that in a year, but at the moment, the window's kind of still open.”
Matt LernerMay 31, 2024▶ 51:27Matt Lerner: How to Hire Growth Leaders and Teams and Why in a World of AI | E1159 · 20VC with Harry Stebbings
Disclosure
Lerner: 90% of PayPal's growth came from 10% of initiatives
“When I look back on my time at PayPal, 90% of our growth came from, like, 10% of the stuff that we did.”
Matt LernerMay 31, 2024▶ 2:31Matt Lerner: How to Hire Growth Leaders and Teams and Why in a World of AI | E1159 · 20VC with Harry Stebbings
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