POPULARITY
SaaS Acquisition Stories w/ Andrew Dumont, CEO of Stamped This is a mini-series within SaaS Acquisitions Stories where we profile the top MicroAcquire Private Equity firms and firms acquiring online businesses at scale. Andrew Dumont- https://www.linkedin.com/in/andrewdumont/ https://twitter.com/AndrewDumont http://andrewdumont.com/ Andrew Gazdecki https://www.linkedin.com/in/agazdecki/ https://twitter.com/agazdecki https://microacquire.com/
Daniel Paul Davis and Andrew Dumont discuss an approach to economic development in rural communities that is detailed in a book they have edited, "Investing in Rural Prosperity." Dumont is a senior community development analyst at the Federal Reserve Board of Governors. Davis is vice president and community affairs officer at the Federal Reserve Bank of St. Louis. Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/speaking_20211110_davis_dumont
“We believe rural communities will achieve longer-term, more durable success if they look inside their boundaries for opportunities to invest in and focus on,” says Daniel Paul Davis, vice president and community affairs officer at the St. Louis Fed. Davis joins Andrew Dumont, senior community development analyst at the Federal Reserve Board of Governors, as they discuss a new book they co-edited, Investing in Rural Prosperity.
“When you’re first starting a fund, you're going to spend your first five years, realistically, actively raising money from LPs—and that is your primary role. It is not interfacing with founders and helping entrepreneurs; that's a small piece. I think it's important that people realize: if you just want to work with entrepreneurs all day, join an existing fund.” – Andrew Dumont Andrew Dumont (@andrewdumont) is the CEO of Meteor and WeWorkRemotely and the Founder of Curious Capital. He was previously the CMO of Bitly and an Entrepreneur in Residence at Betaworks. He’s spent his career building and growing companies like Moz, Seesmic (acquired by Hootsuite), Stride (acquired by Copper), and Tatango. He’s also an advisor at Techstars and Startup Weekend, and he writes for Inc. Magazine. Andrew was named one of Forbes’ 30 Innovators Under 30 in Marketing and was appointed an entrepreneurial delegate by the United Nations. In this episode, Andrew and Daniel discuss the pros and cons of venture capital, why some startups make it while others fail, and how investors can best serve founders. Show notes with links, quotes, and a transcript of the episode: https://www.danielscrivner.com/notes/andrew-dumont-outliers-show-notes Chapters in this interview: 00:00:07 – Andrew’s start in the world of venture capital 00:06:38 – Why venture capital isn’t the best option for all startups 00:12:48 – Andrew’s work with Betaworks 00:18:41 – The truth about choosing companies to invest in 00:21:51 – Why companies succeed 00:24:52 – Andrew’s work with Tiny Capital 00:35:17 – Making an acquisition grow 00:40:19 – Getting started with investing 00:43:46 – The realities of managing a fund 00:50:44 – How investors can best help founders 00:56:05 – Why getting reps as investor is exciting Sign up here for Outliers Weekly, our weekly Sunday newsletter that highlights our podcasts, business and investing concepts, and the best of what we read that week. Follow Daniel on Twitter: https://twitter.com/DanielScrivner If you loved this episode, please share a quick review on Apple Podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices
More often than not, the relationship between marketing and sales is siloed at best or it's adversarial, at worse.There's no better time to lean into digital and for these organizations to unite. In this episode, Andrew Dumont draws on ways for sales and marketing organizations to be aligned on their shared revenue goals.Andrew Dumont is a serial technologist with a passion for building, growing, and investing in early-stage companies. He's currently the founder of Curious Capital and has worked as an Entrepreneur in Residence at Betaworks in New York City, a startup studio that has invested in companies like Tumblr and AirBnB, and has created companies like Bitly, Giphy, and Chartbeat.Show notes:Marketing should be goaled on revenue and top level business metrics as opposed to vanity marketing metrics. Weekly pipeline conversations between marketing and sales leaders is critical to maintaining that relationship. A standing agenda could include pipeline updates from the sales organization, performance from the marketing organization, activities attributed in terms of leads generated, or attributed revenue. One of the big tensions in conversations between sales and marketing is ensuring that marketing is filling in the gaps when it comes to collateral and that the sales teams feel they have the materials and support for them to be successful. Marketing should set goals for that and then benchmark against whether they were able to help sales reach those goals. At a minimum, a website should be making the life of the seller easier. A visual website experience is a key component of the brand and how reputable you look as an organization. Marketing should be responsible for building predictable, repeatable processes for generating qualified leads for the sales organization As a marketing organization, revenue is the key determining metric of whether you're successful or not. If you're not creating leads that turn into revenue, then you're just spinning your wheels.A lot of strife comes from marketing vanity metrics, and marketing organizations being focused on leads and getting people into the funnel, however if those leads aren't qualified, that's where the disconnect happens between sales and marketing. Attribution is a huge challenge for sales and marketing. When the shared focus is on revenue and growing the business, you don't have to worry as much about whether sales generated the lead or marketing generated the lead. A good sales and marketing alignment meeting may mean walking through the campaigns and activities for the week, looking at the timing, and pipeline, and uncovering disconnects. That's when these meetings are valuable. Marketing should go through the sales process. They should be a sales person for several days, try to sell the product and have conversations with customers to understand where they are failing in terms of their messaging, and the way the product is being served. Modern marketers today are very tactical. They know a lot about SEO, content marketing, they know about all these channels that exist on how to generate leads and generate new customers, but they actually step over the core of it which is: what is the value proposition? What is the benefit to the customer? What are the objections to why this product wouldn't work well for them?For links and resources from the episode, visit https://nigelgreen.co/revenue-harvest/
Andrew Dumont, marketing expert and former CMO at Bitly, was a recent guest on B2B Nation. We talked about the similarities between account-based marketing (ABM) and inbound marketing, how those two tactics can work together, and how to increase customer retention and reduce churn rate through customer expansion tactics.
Advertising Influencers: Conversations with Marketing Thought Leaders
Andrew Dumont, VP of Marketing at Bitly, got hooked on growing and scaling companies when he was only 18 years old. Since then, his impressive list of accomplishments includes tenures at Tatango, Moz, and Seesmic, successfully acquired by Hootsuite. He also founded and took Stride as a side project to a Prosperworks acquisition. Prior to Bitly, Andrew served as the Entrepreneur in Residence at Betaworks, a startup studio in New York behind companies like Digg, Giphy, and Bitly. He is also a member of Forbes 30 under 30 class of 2014. In this episode, Andrew discusses the direct ROI of digital advertising, the importance of advertising sophistication, and an account based marketing approach to turn a freemium product into a powerful enterprise software solution.
If you invest properly in the top of your marketing funnel, you can create a “hands off” sales process that drives revenues without any help from you. In this episode, Andrew Dumont, formerly of Moz and now with Bitly, explains how Moz grew its revenues (now at $35 million) without a sales team -- and the surprising tactic he used to increase users.
Andrew Dumont, VP Marketing at Bitly guests on this episode of The SaaS Revolution Show. Andrew has impressive background in building and growing early stage startups since he was 18 and talks to Alex Theuma about this, SaaS and more.
"Once you get into early stage companies, it’s hard to imagine doing anything else.” “It’s a hard road, there’s a lot of days when I wake up and think, "Man I wish I could just go work for a big company and cash a check and I’d be fine," but it’s just not the way I’m wired.” - Andrew Dumont About: Andrew Dumont- Entrepreneur in Residence at Betaworks Overview: Andrew is a determined and intelligent young man who has a passion for building businesses. He shares his experiences with starting the company Stride, and what he is doing now at Betaworks to prepare for future entrepreneurial work. Andrew Dumont Highlights: Background: Andrew is originally from Seattle, but now living in New York working at Betaworks. He came to NY to elevate his entrepreneurial game and be surrounded by people who are always on the go. Betaworks: It's essentially like a startup studio and is structured by 2 sides. The first side is an investment side. They are currently involved in about 15-20 seed investments with about $100-$250k per investment. Some of the companies Betaworks has invested in are: Kickstarter, Tumblr, and many others. Right now, they are investing in ProductTime. The other side of the company is the studio portion. Betaworks hires entrepreneurs to help with the media business and with what new media will look like. They build new products that will be compelling in that space. Some of those products include: Chart B, Dots (iPhone game), and Dig. It’s not a traditional type of company- they like to start their employees from scratch. They go out and find talent within the community they’ve built. They’re going to start a new program called “Hacker” where they work with a creator that builds a new thing within 3 months. This new program is very much like the film studios in Hollywood. Daily Workload: Andrew went out to New York because a good friend was an investor with Betaworks. Andrew was very interested in the business model. He was ready to do his own thing, and by coming to Betaworks, was given a good opportunity to do his own thing at a great company. When he started there, Andrew spent a lot of time on helping platforms like Insta Paper, Dig, and Pancho. His role was to solve some of the problems that those applications were experiencing. Andrew’s Goal: His next step is to determine if Betaworks will be the right fit for helping him start his own company. Previous Startup (Stride): Stride was a company/app that Andrew co-founded. It was built it in about 3 weeks. Andrew and his team built Stride as a light weight CRM application. The idea behind Stride is that salesforce was a really complicated tool, so they wanted an app that focused more on the simple- more about the stages of where the sales were at. Stride was a completely bootstrapped company. It made about $20k in revenue in about year and a half (side project). Once it started getting bigger, they were trying to determine if it was something they wanted to pursue, but Andrew felt like the market was completely capped, so they decided to sell the growing company to Neil Patel and Heaton Shaw. Andrew is good friends with Neil Patel, and he really trusted in their ability to scale and build products. It was a very smooth process selling it to them, which Andrew was grateful for, because they already had customers using their application. He wanted to make sure that those customers were taken care of and knew that Neil and Heaton would be the right fit. Andrew’s Passion: Out of all the things there is to do in the entrepreneurial world, Andrew really enjoys businesses over consumer products. He states, "They aren’t as sexy but they capture my interest." In the future he'd like to do something similar to Stride but a little more aggressive. Work-Life Balance: Andrew says that you have to understand that you’re sacrificing a lot of the work-life balance in the early stages. It takes more than 40 hours a week. You have to do certain things each week that make it so you don’t burn out. To keep a balance, Andrew tried to shut off and be unplugged on the weekends. Every year, he makes sure to do at least a week or two of being completely unplugged from the world. He says, "There’s no doubting the fact that it’s [being an entrepreneur] hard work, but it’s just part of the deal." Common Mistakes: Andrew has made plenty of mistakes through his own journey, but says that’s how you learn. "You need to fail to really understand things." Every single company he’s been apart of started small. Many of them failed, but some of them did grow into large, successful companies. Seismic was a great example of company that had too much cash, and pivoted too often. There’s a right time to pivot and a wrong time to pivot. When things aren’t working, a companies' natural inclination is to pivot, which can ultimately destroy what is trying to be built. Andrew shares that it's important to have a hunch as an entrepreneur. You have to believe in something that others may not. There’s a lot of reasons why a company can fail, and it’s usually more than just one element that causes the fall. Advice for Entrepreneurs After They Fail: It’s hard not to get down on yourself when things don’t work, but you have to understand that it’s part of the anomaly. You have to reclassify your definition of success. It’s a constant battle to readjust. Depression in startups is a real thing. So, a lot of it is making your mind stronger. For Andrew, preparing his mind means putting things in perspective and setting very clear goals. Don’t get distracted by what’s going on in other companies around you. Take Away: In order to be a successful entrepreneur, you have to be willing to put in overtime. 40 hours a week isn't going to cut it. Like Andrew, you may even have to start something on the side while working a mainstream job until you can launch. Even though it's not going to be easy, it's worth it. Connect With Andrew: Website | @AndrewDumont | AboutMe | Blog If you enjoy Outlier On Air, please Subscribe & Review on iTunes or Stitcher Sponsors: Flitch Creative Build your brand identity with Flitch Creative's eXpress Packages. All eXpress Packages include free website and email hosting for 12 months. Use promo code "OUTLIER" soundBOLD NEED A DEVELOPER? HIGHEST PERFORMING, LOWEST COST TEAM POSSIBLE sourceBOLD specializes in connecting startups and small companies with offshore software developer talent. We build hybrid teams of offshore developers with state-side architects and project management.
Andrew Dumont, EIR at Betaworks, talks with us about his experiences building and selling Stride CRM, all while running business development at Moz. He shares his views on the difference between biz dev and sales, touching on how powerful it can be for sc Learn more about your ad choices. Visit megaphone.fm/adchoices
This is the sixth episode of Hack To Start. Your hosts, Franco Varriano (@FrancoVarriano) and Tyler Copeland (@TylerCopeland), speak with Andrew Dumont(@AndrewDumont), EIR at Betaworks (@Betaworks) about the importance of side projects and how business development and distribution channels can help grow your business. Previously, Andrew lead business development for Seemic (acquired by Hootsuite). He then had a similar role at Moz, growing their software sales through partners and distribution channels, all while working night and weekends on a side project: Stride. Within a year, Stride reached over 20k recurring revenue before being acquired by CrazyEgg.
In Episode 10 of the WP Elevation podcast I spoke with Andrew Dumont, business development manager at Moz and founder of the awesome Stride CRM App. Andrew gave some great insight into how Moz are growing, what growth hacking actually means, why “Guru” is a dirty word and how he balances his job at Moz and building his own app in his “spare” time. Andrew blogs frequently on the Svbtle platform where he published this post about avoiding burnout – it. is. a. must. read. He describes himself as addicted to the startup thing. You can reach out and thank Andrew on his blog or on Twitter. Andrew suggested I interview Neil Patel from KissMetrics and Ruben Gumez from Bidsketch. Boys, you’re on the list. Hint: to enter the competition, leave a comment below telling us the #1 feature you’d like to see in the Stride CRM app. The post Episode #10 – Andrew Dumont appeared first on WP Elevation.