“Dropbox, Dropbox, like with the referral program, Groupon and email, Pinterest and SEO, Duolingo, and just like a totally unhinged social media, right? All of them were kind of first to this concept and it really, really worked.”
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 Raman Malik
Insight
Malik: Paid acquisition is a drug that underperforms on user retention
“Paid acquisition is a total drug. It makes everyone feel good because top of funnel numbers move up, and once you see those, you know, weekly activation rates, well, no one wants to see that go down. But it's going to underperform on retention, and maybe most …”
Raman MalikNov 15, 2024▶ 32:31Raman Malik: Inside Perplexity’s Growth Machine: What Worked, What Did Not Work | E1226 · 20VC with Harry Stebbings
AssertionNot checkable as stated
Malik: Turning off Lyft's paid channels reduced signups by only 5-10%
“And so the growth marketing team turns off every single paid channel and installs and signups barely move. They go down by like maybe five, 10%. I don't remember what it was and what did go down. It was all Low quality. So every marketing dollar that was being…”
Raman MalikNov 15, 2024▶ 33:16Raman Malik: Inside Perplexity’s Growth Machine: What Worked, What Did Not Work | E1226 · 20VC with Harry Stebbings
Insight
Malik: AI companies must focus on concrete utility rather than AI buzzwords
“You need to abstract away this whole AI piece and just go straight to the value prop of get answers immediately backed by sources.”
Raman MalikNov 15, 2024▶ 35:51Raman Malik: Inside Perplexity’s Growth Machine: What Worked, What Did Not Work | E1226 · 20VC with Harry Stebbings
Disclosure
Malik: Perplexity does not have a dedicated marketing department
“What's cool about Perplexi is we don't have a marketing department.”
Raman MalikNov 15, 2024▶ 37:46Raman Malik: Inside Perplexity’s Growth Machine: What Worked, What Did Not Work | E1226 · 20VC with Harry Stebbings
Opinion
Malik: Perplexity's ultimate target is competing directly against Google
“I think search is a massive market to go after, and so if there's somewhere we want to live, it's going up against the big guy.”
Raman MalikNov 15, 2024▶ 43:23Raman Malik: Inside Perplexity’s Growth Machine: What Worked, What Did Not Work | E1226 · 20VC with Harry Stebbings
Opinion
Malik: Apple privacy changes killed Meta ads as a core scaling channel
“I mean, I think especially with all the latest Apple changes, I don't know how anyone is going to make Instagram or Facebook ads efficiently work at scale as like a core growth channel.”
Raman MalikNov 15, 2024▶ 54:25Raman Malik: Inside Perplexity’s Growth Machine: What Worked, What Did Not Work | E1226 · 20VC with Harry Stebbings
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