MarTech
topic on 5 shows · 17 statements across 13 episodes
Startups For the Rest of Us
Lenny's Podcast
the Neon Show
A Product Market Fit Show
Top Founders
17 statements about MarTech, every show
Soni: MarTech Customer Retention Is Structurally Subpar
“So the retention in MarTech is always subpar. That is a well-known fact, which creates challenges in fundraisers and everything else.”
Soni Decides to Avoid Founding Another MarTech Startup
“I have honestly, like, because I have spent so much time in MarTech, I am deciding to consciously not start in MarTech again.”
Soni: Acquisition Is the Only Viable Big Exit Path in MarTech
“We knew that IPO is not possible in this market, right? So acquisition is unfortunately the only like credible, big exit path in MarTech.”
Chopra: RateGain captures 4% of its $7.5B addressable market
“So currently we only serve a subset of that TAM, which is about seven and a half billion in these lines of businesses that we have, which are DAS distribution and MarTech.
So on seven and a half billion, we are doing like three hundred million.
So what is it…”
Sherman: A new marketing channel emerges every 5 to 10 years
“Every five to 10 years, you get a new marketing channel that emerges and it plays out the same way every single time. You get new technology that changes how consumers use the internet, right? Like the rise of search, the rise of social, the rise of mobile.”
Robinson: Systems of record retain customers, while lead-gen SaaS suffers high churn
“One thing that I just didn't get before, like, kind of a year and a half ago, is that there are product categories within SaaS that are just intrinsically higher churn than other product categories in SaaS, especially in MarTech. So, the golden goose in MarTec…”
Walling: Fast-moving SaaS companies must evaluate pricing annually to avoid falling behind
“Fast moving space like yours, I do think that if you're not at pretty seriously considering changing your prices raising them or tweaking value metric about every year, I think you're gonna fall behind a little bit.”
Walling: MarTech offers huge startup opportunities due to low switching costs
“Because if we're going into MarTech, marketing technology, where the switching costs are low, and there are no network effects, and there are some big brands in the space, but people don't like them, I mean, there is huge opportunity, in my opinion.”
Hay: Startups need dedicated systems owners at 100 to 150 employees
“Usually around, I would call it, like, a hundred to a 150 people is the critical mass where you can't just have a village approach to systems and tools.”
Hay: High-velocity MarTech means buying 90% of tools and building 10%
“That's how you actually have a lot of velocity, is thinking about not just build versus buy, it's build and buy now. So you buy the tool to get 90% of the way there, and then you build the cool thing on top with the other 10%.”
Hay: Breaking into MarTech requires six months of coding, not a CS degree
“You don't have to go get a software engineering degree. You can teach yourself. I am self-taught. You can take a coding academy online. I think you get enough knowledge through being able to do web programming or some type of back-end programming So I would sa…”
Berman: Marketing technology success comes down entirely to sales execution
“Any sort of MarTech, any sort of marketing technology just comes down to sales.”
Winters: Most MarTech companies are bad businesses because they target marketers
“MarTech to be really successful. It's really got to target engineers more so than marketers and that a lot of MarTech businesses just aren't very good businesses.”
Total India and SE Asia MarTech market is only $150M to $200M
“So the challenge for us is that the Indian market is actually quite small, even though the customer base is very large companies don't pay a lot of money yet. So the email market plus the martech business put together would probably be just about 150 odd milli…”
Cross-channel user-level conversion tracking is no longer possible
“It's become now nearly impossible to do, and that's mapping like a user's ID. Nathan, your ID for being exposed on, let's say, Google media to Facebook media to Pinterest media to a conversion it is no longer possible within the realities of MarTech to build t…”
Per-user pricing fails in MarTech and collaborative workflows
“We've tried things like per user pricing and all that stuff, and I've come to the conclusion that it just doesn't work very well in MarTech in general, but, you know, particularly in a business like ours where We want as many people on the system as we can get…”