Luke Swanick, co-founder of partner marketing platform GrowSumo (later PartnerStack), describes the scrappy validation tactics the team used in early 2015 prior to being accepted into Y Combinator.
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“So they saw that there was nothing on our page, so we threw up fake logos, like, Zenefits was huge at the time, Dropbox, you know, those kinds of companies.”
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More from Luke Swanick
Insight
Swanick: Nonprofits only invest in software infrastructure after securing grant funding
“And what we found was that the nonprofit space is incredibly finicky. So everyone's kind of waiting for grant funding to come in, and when they get their financing, then they can talk about actually investing in some scalable infrastructure. And it was a hard …”
Luke SwanickDec 2, 2018▶ 2:571226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue
AssertionNot checkable as stated
Swanick: Evernote has two people managing 10,000 external sales agents
“Evernote literally has two people managing 10,000 external sales agents.”
Luke SwanickDec 2, 2018▶ 10:421226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue
Insight
Swanick: Reseller partner onboarding takes 6 to 12 months to yield returns
“The long tail comes in when you start working with the resellers that require onboarding and you don't really see those returns for six, nine, 12 months.”
Luke SwanickDec 2, 2018▶ 14:571226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue
Disclosure
Swanick: GrowSumo has raised over $1 million in venture funding
“No, it's over a million.”
Luke SwanickDec 2, 2018▶ 6:271226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue
Disclosure
Swanick: Most GrowSumo revenue is base fees, but performance revenue grows faster
“Currently, the majority is coming through the base fee, but the revenue fee is what is growing much, much faster.”
Luke SwanickDec 2, 2018▶ 9:101226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue
Disclosure
Swanick: GrowSumo has roughly 200 customers
“Today, so I don't have a hard number, but I would say just a little north or south of 200.”
Luke SwanickDec 2, 2018▶ 10:571226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue
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