The Ledger

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Insight
Full Marketing Channel Attribution and Consistent CAC Metrics Are Impossible
“I agree. I think it's bullshit. I think it's a really, as, like, a, the expectation that it's going to be a consistent metric across channels, and having, like, a full view of everything that could be included in that is, is impossible. Like, it's not, Unlikel…”
Adam Grenier Mar 15, 2023 ▶ 55:24 Adam Grenier: The Inside Story to Uber’s Hypergrowth; How We Spent $1B/mo in China | E989 · 20VC with Harry Stebbings
Insight
Founders Should Hire Growth Teams Only After Achieving Organic Growth
“I think it's hiring because they need growth, rather than hiring because they have growth.”
Adam Grenier Mar 15, 2023 ▶ 1:02:01 Adam Grenier: The Inside Story to Uber’s Hypergrowth; How We Spent $1B/mo in China | E989 · 20VC with Harry Stebbings
Insight
Most Companies Do Not Need a Standalone Growth Team
“Generally speaking, I actually don't think most companies need a growth team. Like, growth, again, should be infused throughout the business.”
Adam Grenier Mar 15, 2023 ▶ 12:18 Adam Grenier: The Inside Story to Uber’s Hypergrowth; How We Spent $1B/mo in China | E989 · 20VC with Harry Stebbings
Insight
Most Growth Struggles Stem From Product-Market Fit, Not Missing Channels
“More often than not, I find that like most of the company's problems aren't That they haven't found the channel that's gonna work for them. It's actually that they don't have product market fit, or that they're pointing the wrong direction, or they're too narr…”
Adam Grenier Mar 15, 2023 ▶ 58:39 Adam Grenier: The Inside Story to Uber’s Hypergrowth; How We Spent $1B/mo in China | E989 · 20VC with Harry Stebbings
Insight
Benchmark Growth Role Compensation Against Product Management, Not Marketing
“Yeah I mean, I think your product bands are usually a really good place to start. They, unlike the performance growth marketing side of things, you tend to have, like, the good people in that market have a lot more leverage and so I think product bands tend to…”
Adam Grenier Mar 15, 2023 ▶ 26:08 Adam Grenier: The Inside Story to Uber’s Hypergrowth; How We Spent $1B/mo in China | E989 · 20VC with Harry Stebbings
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
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