Episode
#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
1:53:00
Published: Sun Jan 26 2020
Description
The Hustle's My First Million presents: Million Dollar Brainstorm is back. Host Shaan Puri (@ShaanVP) and The Hustle CEO Sam Parr (@theSamParr) sit down and discuss what side hustles, trends and big business ideas that's keeping them up at night. Long episode today! First half is with 8-figure ad agency founder Brendan Gahan to talk biz models, overhead and profitability. Then the second half is with Daniel Gross who sold his startup to Apple in his twenties and rolled that win into multiple unicorn investments. Enjoy! See acast.com/privacy for privacy and opt-out information.
Chapters
HubSpot CRM is a one-stop-shop with all the tools growing businesses need to automate tedious tasks, keep track of contact info and deals, and make sure that the team has access to the same data for better customer service and reaching business goals.
00:00 - 01:01 (01:01)
Summary
HubSpot CRM is a one-stop-shop with all the tools growing businesses need to automate tedious tasks, keep track of contact info and deals, and make sure that the team has access to the same data for better customer service and reaching business goals. Plus, it's free to get started.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The speaker discusses how they got involved with helping brands and ad agencies with influencer marketing strategies due to the sudden attention from the industry and the demand needed to fulfill their roles with these brands.
01:01 - 05:15 (04:14)
Summary
The speaker discusses how they got involved with helping brands and ad agencies with influencer marketing strategies due to the sudden attention from the industry and the demand needed to fulfill their roles with these brands.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The future of agencies involves diversification, development of new products and investment opportunities.
05:15 - 09:09 (03:53)
Summary
The future of agencies involves diversification, development of new products and investment opportunities. The two types of agencies include independent and agency-holding companies.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
Agencies face significant challenges when pitching and winning business, especially with big brands.
09:09 - 17:25 (08:15)
Summary
Agencies face significant challenges when pitching and winning business, especially with big brands. The process often involves competing against several other agencies for a retainer, with uncertain final costs, rounds of revisions, and the challenge of maintaining client satisfaction while managing team distribution and billable hours.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
Daniel Gross, founder of machine-learn powered search engine Q and Pioneer, a part Y Combinator startup, talks about his experience working at Apple across multiple platforms, and how Pioneer is disrupting the entrepreneurship ecosystem.
17:25 - 19:53 (02:28)
Summary
Daniel Gross, founder of machine-learn powered search engine Q and Pioneer, a part Y Combinator startup, talks about his experience working at Apple across multiple platforms, and how Pioneer is disrupting the entrepreneurship ecosystem.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The tech industry is dominated by a few large companies, making it difficult for startups to thrive.
19:53 - 25:27 (05:34)
Summary
The tech industry is dominated by a few large companies, making it difficult for startups to thrive. However, there is hope for entrepreneurial success with the right encouragement and support.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The podcast discusses the investment in cognitive-enhancing software and how it can benefit the investor if the price is low and there is a clear path forward.
25:27 - 30:25 (04:58)
Summary
The podcast discusses the investment in cognitive-enhancing software and how it can benefit the investor if the price is low and there is a clear path forward. It highlights the importance of believing in the person and waiting for the right time to make such an investment.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
Join us for an in-depth discussion with guest speakers who are interested in sharing their innovative ideas and observations of new things.
30:25 - 32:59 (02:33)
Summary
Join us for an in-depth discussion with guest speakers who are interested in sharing their innovative ideas and observations of new things. This podcast is perfect for those who love to explore the future and build things, regardless of product type.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The speaker shares his opinion that most successful and cool ideas are like blue balls for the brain, leaving a desire for more.
32:59 - 36:25 (03:25)
Summary
The speaker shares his opinion that most successful and cool ideas are like blue balls for the brain, leaving a desire for more.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The process of writing down culture and values in large organizations could be a double-edged sword as it could either create a strong system or calcify it, leading to poor outcomes like the Enron scandal.
36:25 - 39:46 (03:21)
Summary
The process of writing down culture and values in large organizations could be a double-edged sword as it could either create a strong system or calcify it, leading to poor outcomes like the Enron scandal.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
This episode's guest talks about his approach to angel investing, preferring quality over quantity and choosing a small number of deals where he can work closely with the team and have significant ownership in the organization.
39:48 - 43:08 (03:19)
Summary
This episode's guest talks about his approach to angel investing, preferring quality over quantity and choosing a small number of deals where he can work closely with the team and have significant ownership in the organization. He also mentions his involvement in Pioneer, which focuses on small investments in a larger volume.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
In overhyped markets, it's important for asset allocators to be aware of the selection pressure.
43:08 - 46:28 (03:20)
Summary
In overhyped markets, it's important for asset allocators to be aware of the selection pressure. An undervalued market is an opportunity to gain free selection pressure just by working on it.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
In enterprise startups, an engineer fine-tunes software developed by businesspeople, but the innovation is not in the software itself.
46:28 - 50:04 (03:35)
Summary
In enterprise startups, an engineer fine-tunes software developed by businesspeople, but the innovation is not in the software itself. Instead, it is in applying the software in a new context, like sailing to the new world or creating a loop in music production.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The use of software like no-code or RPA can simplify processes for startups, while large companies work on developing interesting radar technology.
50:04 - 53:33 (03:29)
Summary
The use of software like no-code or RPA can simplify processes for startups, while large companies work on developing interesting radar technology. However, the market for startups in the radar industry may be challenging to succeed in.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The most interesting thing to consider when starting a company is finding a community at the real frontier of a thing.
53:33 - 59:41 (06:07)
Summary
The most interesting thing to consider when starting a company is finding a community at the real frontier of a thing. Large companies can't build this internally, making it the perfect opportunity for startup founders to spin up companies in niche industries and learn as they go.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
In this podcast, the hosts discuss the idea of total addressable market math for startups and the difficulty in convincing people of new startup ideas.
59:42 - 1:06:10 (06:28)
Summary
In this podcast, the hosts discuss the idea of total addressable market math for startups and the difficulty in convincing people of new startup ideas.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The speaker suggests creating a high-end email client with a subscription cost similar to that of Superhuman, and better software for people to interact with their admins, which could lead to a larger audience base and high-end advertisements.
1:06:10 - 1:10:55 (04:45)
Summary
The speaker suggests creating a high-end email client with a subscription cost similar to that of Superhuman, and better software for people to interact with their admins, which could lead to a larger audience base and high-end advertisements.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The concept of network effects is overrated, and with the increase of ads on Google, the search engine has lost its integrity.
1:10:55 - 1:17:06 (06:10)
Summary
The concept of network effects is overrated, and with the increase of ads on Google, the search engine has lost its integrity. There are competing products in the market that are cleaner, faster and better than Twitch.
Episode#38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
PodcastMy First Million
The author is a former real estate developer in San Francisco.
1:17:06 - 1:43:02 (25:56)
Summary
The author is a former real estate developer in San Francisco.