The Ledger
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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…”
Galanis: Cameo has already won the US personalized celebrity video marketplace
“We, you know, we have really high conviction that we've already won this marketplace in the US”
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.”
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.”
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…”
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”
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.”
Cameo completed 10,000 videos before building its first talent app
“We had done over 10,000 videos before we built our first app for the talent on the platform.”
Galanis: Cameo will be embarrassed by its 2019 product within two years
“The cameo that everybody loves today, this product that got named one of the time, genius, 50 companies on earth, it probably will be something that we look back at and are embarrassed by in a year from now or two years from now, you know, as we evolve and con…”
Galanis: Cameo has over 8,500 talent out of five million globally
“We have over 8500 talent at Cameo today, and we believe there's over five million in the world.”
Galanis: Cameo will expand into holograms, voice clips, and offline experiences
“So while today we're focused on sending text messages to people and getting video in response in the future, that could be any interaction, both on the online, offline, or virtual world. So that might be having Brett Favre show up at your dinner via hologram. …”
Galanis: Founders should prioritize top talent over worrying about equity dilution
“So I really tell founders always that talk to me, but don't worry about dilution. Don't worry about cutting the right person in worry about making sure you have the best people around you in the world that can help you fulfill your dream.”