Jesse Pujji discusses the terms of General Atlantic's initial investment into bootstrapped digital media company Red Ventures.
Insight
Pujji: Generating $1M SaaS ARR is as hard as $1M services EBITDA
“Getting a million dollar SaaS ARR is probably as hard as getting a million dollars in EBITDA, let's say in a services business. And guess what? They value those streams are valued exactly the same. So like the market is very efficient in terms of how it treats…”
Prediction Not checkable as stated
Pujji: OpenAI will crush thin horizontal wrapper startups
“I think one of the challenges people to be careful of when building on top of open AI is like, if your solution is too horizontal, they're eventually going to eat your lunch.”
Insight
Worthwhile startup advisors should personally invest $25,000 to $50,000
“Anyone who's worth being an advisor probably should have 25 to 50,000 dollars to put into your company.”
Assertion Not checkable as stated
Pujji: Most nine-figure e-commerce tech businesses do not rely on Shopify
“The biggest thing that, you know, industry or market wise was, dude, there's a bunch of nine figure e-com tech businesses. None of which, like with the exception of Klaviyo and maybe Attentive have anything to do with Shopify.”
Insight
Pujji: Creative is the new targeting in modern Facebook ads
“The new Facebook, you know, at paradigm is targeting like creative is the new targeting. So for anyone listening, running Facebook campaigns, you don't need to target anymore. It's broad. You let Facebook's algorithm figure it out.”
Prediction Not checkable as stated
Pujji: Vertical media will become the dominant internet format in 2023
“I think I predict if we're right about Kahani that sometime this year, it's going to become a must have thing that your e-com site has tons of vertical media integrated into it to have the right rich experience that a user demands. But I think it's going to ha…”