Disclosure certainty 4/5 debate potential 3/5

37signals Aborted $5M Ad Campaign Because Paid Ads Produced Zero Return

Jason Fried · The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket · Mar 20, 2024 · at 1:01:42

Jason Fried describes 37signals' brief experiment with paid acquisition to Sean Puri and Sam Parr.

0:00 / 0:13exact quote · 13.6s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“Last year, we're like, we're gonna spend five million bucks for the first time ever on like ads. We started getting into it in a few months. So we spent a bunch of money and we're like, this is just, it just, It's vanity money because like this isn't doing anything for us.”

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 Jason Fried

Insight
Fried: A founder's job is to inject risk into the business
“My job as a founder, what I've realized is, is it's to inject risk into the business. Most people, everyone pretty much at your company's job is to manage risk to some degree, to keep their job, to not push too hard or too far.”
Jason Fried Jun 5, 2024 ▶ 24:38 25 Years Of Founder WISDOM In 55 Minutes (ft. Jason Fried)
Insight
Jason Fried: Slack Crushed Campfire With Onboarding and Bots, Not Chat
“The chat itself isn't better or worse. Chat is chat essentially. Onboarding and bots were the thing. And we didn't have them and they crushed us.”
Jason Fried Mar 20, 2024 ▶ 49:36 The Cashflow King: “Here’s How I Do It”, Negotiating w/ Jeff Bezos, Elon’s Cracked Rocket
Insight
Fried: Active Stock Pickers Will Inevitably Lose Over Long Term
“So people, I think, have this idea of short term performance in the market, feeling like I can do this forever. Just like in Vegas, you can't do that forever and you will begin to lose. And the same thing is true in the market.”
Jason Fried Jun 5, 2024 ▶ 5:03 25 Years Of Founder WISDOM In 55 Minutes (ft. Jason Fried)
Insight
Jason Fried: Business imports outside lessons only because it pays for advice
“And the main reason is why, in my opinion, is because the business world pays for that advice. It's not that it deserves the advice. It's not even that it's advice that's applicable, but that it pays for the advice. And the way I've been thinking about it is n…”
Jason Fried Jun 5, 2024 ▶ 14:45 25 Years Of Founder WISDOM In 55 Minutes (ft. Jason Fried)
Insight
Fried: Hired CEOs lack the latitude to take founder-level risks
“Even if you hire a great, great CEO to replace you with CEO, like they're, they just don't have that... There's that thing that's present in a founder simply because they were there from the beginning, that they have an extra ounce of, it's not even that they'…”
Jason Fried Jun 5, 2024 ▶ 25:21 25 Years Of Founder WISDOM In 55 Minutes (ft. Jason Fried)
Insight
Fried: Luck and Unchosen Circumstances Drive More Than 50% of Success
“And I think it's way more than 50%. I mean, all the way back to you didn't choose your parents. You didn't choose anything, right? You didn't choose your mind.”
Jason Fried Jun 5, 2024 ▶ 45:05 25 Years Of Founder WISDOM In 55 Minutes (ft. Jason Fried)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 300 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.