Assertion certainty 4/5 debate potential 1/5

Facebook ads yielded 10x more survey respondents than physical mall intercepts

Rodolphe Barrere · Rodolphe Barrere, Founder of PotLoc | How to Find Product Market Fit · PMF Show · Jul 31, 2023 · at 29:48

Rodolphe Barrere, founder of PotLoc, discusses the early operational differences between physical in-mall intercept surveys and online social media sampling.

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“We're able to survey like a hundred people versus on Facebook we're able to get a thousand people within the same day. Like it was crazy, crazily less efficient, but still, we're still doing that.”

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More from Rodolphe Barrere

Insight
Product-market fit is inbound customers ordering without outbound sales
“To me, when the phone rings, With people placing an order without you outbounding to them it is when you have product market fit.”
Rodolphe Barrere Jul 31, 2023 ▶ 44:19 Rodolphe Barrere, Founder of PotLoc | How to Find Product Market Fit · PMF Show
Insight
Selling demographic surveys to municipalities means zero repeat business for years
“I mean, we have our urban planning is made on a period of like five to 10 years. They needed input when they were working on the B five, 10 years plan, et cetera. They had these inputs, so they had no need for any extra survey work and they had limited budget …”
Rodolphe Barrere Jul 31, 2023 ▶ 26:18 Rodolphe Barrere, Founder of PotLoc | How to Find Product Market Fit · PMF Show
Disclosure
PotLoc raised a $20 million Series A led by Brightspark
“I raised in July, Led by Brightspark. I think I might have pitched Mistral. We did, but don't remind me. Don't remind me. In 2019, twenty million series. Well, it was two trenches, whatever, but twenty million series. Led by Brightspark”
Rodolphe Barrere Jul 31, 2023 ▶ 33:51 Rodolphe Barrere, Founder of PotLoc | How to Find Product Market Fit · PMF Show
Assertion Contradicted
PotLoc hit 100,000 platform users within six months of launch
“We had, like, a 100,000 users on the platform after six months.”
Rodolphe Barrere Jul 31, 2023 ▶ 10:49 Rodolphe Barrere, Founder of PotLoc | How to Find Product Market Fit · PMF Show
Assertion Not checkable as stated
PotLoc generated $400,000 at 95% gross margin with just two founders
“So in 2016, we are, just my co-founder and I, and we are generating 400 K, ok? 95% gross margin.”
Rodolphe Barrere Jul 31, 2023 ▶ 21:52 Rodolphe Barrere, Founder of PotLoc | How to Find Product Market Fit · PMF Show
Disclosure
PotLoc entered COVID-19 with $17 million cash burning $300K monthly
“So I was sitting on like, seventeen million of available cash burning like, 300 per month, K per month.”
Rodolphe Barrere Jul 31, 2023 ▶ 36:22 Rodolphe Barrere, Founder of PotLoc | How to Find Product Market Fit · PMF Show
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