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Hey there, welcome to Data Democracy.

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This is a podcast where we explore ways to make data and AI more accessible to everyone.

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We've got a great guest today, Robert Brill.

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Robert is an entrepreneur, content creator, thought leader, and a podcaster.

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And per our research, he's also a Dodgers and Inter Miami fan.

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Robert is a trailblazer in the digital advertising industry and is the CEO of ProMedia.

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With decades of experience, Robert has been at the forefront of advertising industry,

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from the birth of social media to sophistication and programmatic media buying, and now with

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AI and digital media.

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Robert is also a member of Forbes Business Council and Fast Company Executive Board.

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We're super excited to welcome him to Data Democracy.

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Robert, welcome.

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Thank you.

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Thank you for having me.

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I really appreciate it.

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Thank you so much.

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I appreciate you taking the time.

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Let's start from your journey.

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Tell us your story.

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Yeah.

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Yeah.

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So I've spent 20 years in the advertising business, 10 years I've been bootstrapping

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Brill Media.

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And you know, I was very fortunate to work while I was in college because it gave me

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about four years of experience to figure out the types of work that I wanted to do and

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didn't want to do.

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And you know, two weeks out of college, I got a job at Universal McCann, which is one

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of the largest multinational ad agencies in the world.

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And it was really a formative experience to understand how big large organizations spending

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tens of millions of dollars regularly wield ad buying and media to drive business growth.

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In that time, I was doing Sony pictures, working on movies.

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And it was just fascinating to see like all the intricacies of how a movie gets marketed

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and the components of ad buying that were relevant in that equation.

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Awesome.

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Awesome.

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That's a diverse and fascinating journey.

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What does your day to day look like today?

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Yeah.

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So I wake up in the morning anxious and frenetic.

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I go to sleep also anxious and also frenetic.

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And in the middle, I try to do some work while trying to be less anxious and less frenetic.

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So that's my day.

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We have a five year old and I'm married and during the evening time, we talk about dinosaurs

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and monster trucks and monster jam and whatnot and a little Halloween thrown in here and

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there.

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But during the day, I'm squarely in front of my computer inundated with messaging from

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all the different screens.

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And some of it is self-imposed content.

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I'm obsessively scrolling TikTok, but I try to get a few minutes of work in during the

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day.

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But yeah, I mean, a lot of what I'm doing right now is sales and marketing.

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So my mind is oriented around generating demand, looking at opportunities to reach people,

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looking for systems and processes that can be relevant for the ability to scale our business

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even further.

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That's awesome.

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Yeah, absolutely.

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With the changing landscape in media and advertising across all industries, I think you've got

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to be on top of the different types of content and different things that are going on.

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One of the things that's been on my mind is Sam Altman has a, and I think I heard this

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on the All in One podcast, that Sam Altman has an internal, like a friend's WhatsApp

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group where they're taking bets on when the first company that's built off of one person

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and a lot of AI will reach a billion dollars.

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So I don't have to do that and we're a 20 person team, but part of me is thinking, what's going

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to be that trigger or that catalyst to create that, maybe not billion dollar company, but

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multiple millions of dollars of company off of AI?

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And I think anyone who's enterprising, anyone who is interested in challenging themselves

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and has a passion for business or advertising or marketing or some element of business-like

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stuff, operations, whatever, you could almost see that as a gambit.

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Maybe it's me.

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Maybe I can build that billion dollar company off of just AI.

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I don't think it's going to be me.

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I don't think I'm smart enough, but even if I fail and build a 5 million or 10 million

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dollar company just exclusively off of AI, that would be a life-changing type of business.

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Yeah, absolutely.

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The landscape, the field is democratized.

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It's even right now because even for me with this podcast, I've automated a lot of my processes,

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research process on my guests and setting up questions.

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And so it's definitely a research partner for me.

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So instead of I don't have to hire at this point, but yeah, it's definitely fascinating

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times we're living in.

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Yeah.

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I mean, I made a video on TikTok yesterday as of this recording.

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One of the things I've been tinkering with, I'm very...

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My content on TikTok is about ad buying, seven things you can do to improve your Google ads

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performance, et cetera.

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And there's a few people who are kind of like blowing up.

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They have like a few hundred thousand followers who are focused on advertising and media buying.

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I have like 4,000 followers.

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I don't know how to make media buying and the intricacies of advertising that interesting

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on TikTok.

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But what I noticed, what I'm really good at on TikTok is creating content around AI.

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So even in just a very small, in a small way, I noticed like the last video I posted was

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me talking to chat GPT, asking it for ideas of TikTok videos I can make and how to create

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a story, tell a story off of that video.

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Because the storytelling part is a little bit hard for me.

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I'm a numbers guy.

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I'm not a storytelling person.

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And now that video has like 400 views.

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It's not particularly viral or anything, but even just the number of likes, it's a higher

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percentage, a higher ratio of likes on those videos than my other videos.

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So I know consistently and I have a very good that went viral around AI, which I just saw

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at a conference and I talked about it.

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But the, but I just know that content made about AI right now on TikTok is far more interesting

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than boring fundamentals of ad buying.

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So I'm orienting around, I'm starting to orient around AI and AI content creation, content

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creation about the topic of AI and how it can be used for business.

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And I think, I think this is the place to be right now.

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Absolutely.

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Absolutely.

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AI has all the hype and it's more tangible than the previous hype cycles, you know, crypto

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and all those.

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Because I think strip away everything, strip away all the hype and all the talk about it,

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but it's more tangible.

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It's definitely a productivity boost for teams across companies, for individuals.

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And it's just a talking partner to a lot of people.

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So I think there's more, it's more, the adoption is more massive for AI.

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Yeah I mean, you know, when you look at crypto and I'm not a crypto expert, I don't claim

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to be one, but I think with crypto there's a lot of speculation on crypto and there's

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like, okay, what will it be used for?

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And then AI comes along, it's like, what is it being used for?

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And like, I can, there are immediate effects.

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It's an accelerator.

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There's a buy as you go company, Klarna, not buy as you go, but payment credits, like,

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you know, buy now, pay later.

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They laid off like 700 people and in their most recent quarterly earnings, they talked

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about how AI has replaced and then some to 700 people that they laid off.

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There's a big hiring boom around 2021 when there was a lot of money infused in the government,

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from the government into the private sector, that a lot of those people are getting laid

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off in favor of AI and that's a big news story.

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There's far more examples of that across America.

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And I think this is a great, like, we thought that the internet democratized business opportunities

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and it certainly does, but like we're getting to that world that we've seen in movies, like

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the futuristic world where like people, AI can like have full on, I literally just had

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a full on conversation with AI yesterday.

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I'm like, mind blown because the, the, the, I like to pay attention to how, how my brain

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works in different communications experiences, like typing things up in chat GPT.

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It's hard for me to be conversational.

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It's far easier to be conversational to a voice.

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It's hard to create something out of nothing.

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It's much easier to create something when you have something to something else to respond

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back to, which is such a massive game changer for individuals.

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Like I can just talk to myself and the GPT and get content creation ideas.

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Now it may not be perfect.

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Like I know that there's people out there that create interesting content and have really

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you know, there's this one woman on a, on Tik TOK.

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Her name is, I don't know what her name is, but she, her Tik TOK is Jazz Media.

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I think it's J A Z media and she's great.

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She's really smart.

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She talks about a lot of cool ways to like create content that is relevant for people.

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You'll never those types of people who have dialed in on the intricacies of something

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so well, those people will never be replaced by AI, but to get the base, I don't think

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maybe you never know, but to get the basics, you don't need to pay a basic social media

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manager.

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You can just talk to chat GPT, but there's going to be such a, um, an environment of,

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well, I want to do it the old school way and I don't like, and I don't understand how chat

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works and that will be a place where the old school providers who are not particularly

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nuanced but you know, are just kind of like doing the same old stuff.

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They will still have a marketplace, but that marketplace will start to shrink as people

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get far more familiar with AI.

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I can go on about this, but yeah.

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No, absolutely.

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Totally agree with that.

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I mean, there would be different set of skills and different set of jobs that come up because

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of this boom, but I don't think we know what yet.

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So I think we, we, we all need to adapt to different set of skills to find more jobs,

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but definitely a boon for entrepreneurs and, um, enterprising people.

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Like, like you said, if, if you're, um, if you're proactive, this is, this is the time

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to be.

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Yeah, absolutely.

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Like we're, you know, I was just having a conversation.

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We hired a marketing specialist and I was like, okay, now it's time for you to make

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ads and he's like, he, he's already a creative person, right?

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So I hired him with the intent, like, he, he understands copywriting principles.

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Uh, he's creative.

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I was like, dude, use AI all day and make stellar ads.

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I can still give him a framework for what to look for.

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The biggest thing when you create ads and you're going to the market is understanding

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the customer's pain point and communicating to that pain point.

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So if you have, if you understand that very simple concept that for every business you

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are solving a pain point that results in more time or more money or more entertainment or

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some level of utility.

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If you understand the trigger, the catalyst, the transformative value, then you can tell

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AI list for me the top 20 problems my customer has.

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Tell me how I solve them, right?

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Give them, you know, we're an advertising firm.

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We do all these things, et cetera.

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Tell me the problems my customer faces and then write me ads that are compelling, interesting,

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sad, funny, positive, negative, long form, short form.

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Write me copy that is going to appeal to those people.

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And then you use Meta's algorithm and Meta's AI to test it using science, control and variable

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testing.

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You, you're doing everything you need to do.

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And it's not complete.

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You can't completely replace the process with AI because you still have to know how to run

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ads.

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But you don't, it's like, it's far, how should I put this?

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It's far easier to train inexperienced people to do that.

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And it, it, it creates an advantage.

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Like when you have a framework, when you have a standard operating procedure, like we, the,

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the, and I'm almost like talking against my book here.

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Cause it's kind of interesting, right?

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Cause we go to market as we hire experts.

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Seven years to 20 years are the people we hire.

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Every time we hire people out of college, it never works.

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It just never works.

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They don't have the experience.

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And our organization is not set up to nurture those people.

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Universal McCann is set up to nurture those people, which is how I got started in the

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business.

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And, you know, I'm very grateful for them and big agencies like publicists and star

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com and WPP on all the group apps.

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All those agencies are really good at taking talented young individuals or just talented

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inexperienced individuals and turning them into experts at one little thing.

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They're a cog in the system.

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But for our business, we hire very expensive, very senior people.

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But with AI, if you have a system and a process, if you hire just people who understand how

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to follow a process, you don't have to be particularly experienced and specifically

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advertising.

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Because the gaps that you have can be solved by chat GPT or clot.

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And that fundamentally changes the equation for entrepreneurs.

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There are a lot of people, very smart people who are not experts in advertising, but they

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are also good people who know how to get things done.

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And that's also a big opportunity, dramatically lowering the cost of labor fundamentally and

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still being able to output really high quality work.

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Now, on the other side, our clients, so our clients are usually creative, creative firms.

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So we go to market as white label or outsource media buying an agency does creative work,

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which is one, you know, the arts, the copy, the filming commercial, all that stuff.

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And we go to market doing ad buying, like the data, the numbers, all that stuff, very

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different type of work.

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So we go to market together and we are the outsource partner that companies come to to

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run ads.

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Our clients would say, you're crazy.

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There's absolutely no way there's absolutely no way that AI can possibly possibly replace

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the brilliance of high end, high value creative people who don't get out of bed for anything

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under 25 grand.

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And it goes up from there into the millions.

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Right?

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Those people will say you're crazy.

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And I believe that it's two ends of the same spectrum.

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For a business like ours, where we focus on data and some of our clients need ads, or

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if we need our own ads in house, I think we're smart enough to deliver 10 to $25,000 worth

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of ad creative effectively, very inexpensively using AI without having to pay really smart

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people massive salaries because all they do is art or copywriting or whatever the case

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is.

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And I like you said it was like, it's an accelerator, like AI is an accelerator.

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That's how I characterize it for our business.

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Yeah, absolutely.

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That's so true.

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Yeah, I mean, I think as I'm thinking about it, it's we all it's forcing us all to get

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better at our jobs.

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So you have to improve your workflows, decrease efficiency, improve efficiencies in your workflows

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and get to the next level or kind of be left behind in a lot of ways.

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So yeah, I mean, even for me as I run data science team and a company called Legal Shield.

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So Legal Shield.

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Yeah.

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Yeah, I've heard of them.

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Awesome.

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So yeah, we were like a subscription based legal services company.

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So in our company, we opened up GitHub Copilot for all of our engineers.

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So our CTO called said a very smart intern.

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So you can ask it to write code and you know, it'll write it, it'll get you to 90% of the

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code.

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Really?

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Yeah, yeah, absolutely.

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And you just tweak it and then do it.

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So see, he basically says it's like an intern, you can get the work done, but you have to

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audit a little bit and then, you know, make sure that the work is right and then ship

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it.

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So we are seeing a lot of improved efficiency across our teams.

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So it's definitely I did when I did go to a conference where people from all types of

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industries, you know, media, you know, advertising, and also older, you know, traditional industries,

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finance, banking were there.

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So one of the interesting things was in the media space, in the advertising space, the

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consensus was we don't have a choice.

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We have to get on board.

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And the traditional, you know, not in legacy, but traditional companies of finance and banking

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and things like that, they will, they're a little more hesitant.

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This is right from a compliance standpoint, from a customer-facing standpoint, this is

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not ready because we have so many nuances, legal complications that we could get into

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if we have, if we just be AI, be the face of our company.

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So it's interesting to see how different businesses and industries adopt to AI.

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So could I use, if I don't know coding?

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When I say I don't know coding, I'm not being modest.

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I literally do not know anything about coding.

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The minute CSS happens, like I have to go to my person on Fiverr, on Upwork, who I've

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worked with for five years and be like, I don't know, make this not be crazy looking.

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Could I, is it possible for me to use GitHub Copilot or something like that to like build

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a website or I don't know, like, is that possible?

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It is possible.

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We just need to understand the fundamentals of it.

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You know, you need to be able to ask the right questions to get to what you want.

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So I have to think like a coder, programmer in order to debug what the output is from

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say chat GPT or GitHub Copilot.

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So I can definitely, I wrote a, I actually built a model for, to predict retention of

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our customers recently.

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And I took it up as a challenge and I did not write a single piece of, single line of

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code.

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I just talked to the chat bot and made it right and made it correct all the problems

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and made it give me in a format that I wanted.

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So it is possible.

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You just, you just kind of nudge it in the direction that you want it to go.

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But yeah, to answer your question, once you have a, probably have a fundamental foundation

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of how coding works, it's definitely possible to build a website and by just chatting to

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chat GPT or cloud.

305
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That's dope.

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Yeah.

307
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It's, it's, it's really cool.

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There was a, there was a time when I was like, I want to learn Python.

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Yes.

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It's like me learning Python is equally as bad of an idea as me trying to be a food influencer,

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which I always try to do.

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I have a food account called dude, let's eat.

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When I started my business, I was like, I started four different businesses and one

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00:22:51,520 --> 00:22:54,360
of them, cause I'd worked a little bit for an influencer marketing company.

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I was like, I could be an influencer.

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So I was like big on vine, not big on vine, just like, you know, I would impress my mother

317
00:23:01,840 --> 00:23:06,040
and my girlfriend and be like, I got a million views on this one six second vine video, you

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know, like it happened a few times.

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And so like, I tried to learn Python over a weekend and it, it, I didn't, I didn't get

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anywhere.

321
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I don't know.

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I don't know.

323
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Like it, it was weird.

324
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It didn't make sense.

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00:23:20,440 --> 00:23:26,520
I mean, probably we can, you can start with teach me Python like a five year old, you

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know, that's a, it'll build you a program to learn Python.

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But yeah, I mean, again, there's so many things that we can do.

328
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It's super cool.

329
00:23:36,800 --> 00:23:43,600
So if I type in teach me Python, like a five year old, that's, is that like a website?

330
00:23:43,600 --> 00:23:49,760
No, just put that in Google and yeah, Ted, yeah.

331
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There's a website called code monkey Python for kids.

332
00:23:53,040 --> 00:23:54,840
That's about where I should start.

333
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There you go.

334
00:23:56,320 --> 00:23:59,040
No, it's, it's just the building blocks, right?

335
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So yeah, it's the smooth brain among us.

336
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We, I think one of the things that these gen AI chatbots do is take away the, we don't

337
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need to remember the syntax and the language of the code anymore for the, for the most

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part because yeah, you just have to know the logic and where you want to go, have a vision

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for it.

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And it'll, it'll help you get there because if I'm really good at SQL, I don't need to

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learn Python because I can talk to it and get to a Python solution for my SQL logic.

342
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Cool.

343
00:24:50,520 --> 00:24:53,920
Yeah, it's fascinating.

344
00:24:53,920 --> 00:25:04,120
Let's, let's get back to real media and you're, you're a thought leader in the media buying

345
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space.

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00:25:05,120 --> 00:25:13,400
A few months ago you wrote, wrote about growing revenue with a media buying partner.

347
00:25:13,400 --> 00:25:16,160
I don't know if you're, yeah.

348
00:25:16,160 --> 00:25:22,600
Can you please tell us what a media buying partner is and the value you're bringing to

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00:25:22,600 --> 00:25:24,040
the businesses?

350
00:25:24,040 --> 00:25:26,840
So when you think about creative, right?

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00:25:26,840 --> 00:25:32,960
When you think about Mad Men, if you've seen Mad Men, Mad Men is really kind of like two

352
00:25:32,960 --> 00:25:35,920
types of work that are interspersed.

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There was a strategy like the one show about the cigarettes where they're like, why are

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you smoking this?

355
00:25:41,720 --> 00:25:44,000
It was like, I think that I just started watching Mad Men again.

356
00:25:44,000 --> 00:25:45,720
I think that was like the pilot episode.

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It's like, why are you smoking and the competitive, you know, the competitive landscape had changed

358
00:25:50,280 --> 00:25:52,560
and you can't really tell you that it's healthy.

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00:25:52,560 --> 00:25:57,920
You can't say that car is healthier or all the, whatever was going on at the time.

360
00:25:57,920 --> 00:26:05,000
You just got to come up with some crazy BS like our, our, our smokes make you feel fantastic,

361
00:26:05,000 --> 00:26:07,280
you know, and just say it in a more interesting way.

362
00:26:07,280 --> 00:26:08,280
And that's your brand.

363
00:26:08,280 --> 00:26:09,280
It's like gas.

364
00:26:09,280 --> 00:26:10,760
It's like gas stations today.

365
00:26:10,760 --> 00:26:13,160
I worked on Conoco Phillips for a few years.

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00:26:13,160 --> 00:26:16,360
They were the fortune for company at the time.

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And so Conoco Phil Conoco brand Phillips 66 and 76 gas stations.

368
00:26:21,940 --> 00:26:24,680
Gas is to most people.

369
00:26:24,680 --> 00:26:27,760
So first of all, it's inelastic and economically you have to get it.

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00:26:27,760 --> 00:26:30,560
Like if you don't get gas, you can't get to work your whole life falls apart.

371
00:26:30,560 --> 00:26:36,620
If you don't get gas, I'm sure there are differences in the detergent that is being used and how

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00:26:36,620 --> 00:26:39,040
clean it is and all this stuff for your car.

373
00:26:39,040 --> 00:26:43,080
But like 99% of people making up that's a statistic.

374
00:26:43,080 --> 00:26:45,960
99% of people couldn't care less.

375
00:26:45,960 --> 00:26:48,000
They're like, is it going to hurt my car?

376
00:26:48,000 --> 00:26:49,000
No.

377
00:26:49,000 --> 00:26:53,100
So I'm not going to go ultra cheap, but any brand I'm going to, I'm just going to focus

378
00:26:53,100 --> 00:26:55,800
on rice.

379
00:26:55,800 --> 00:27:01,280
Meanwhile you have mobile gasoline that at one point had the cars that had eyes on it.

380
00:27:01,280 --> 00:27:03,480
76 had the brand.

381
00:27:03,480 --> 00:27:04,480
We're on the driver's side.

382
00:27:04,480 --> 00:27:08,720
You know, as a take on the driver's side, like little icon, we're on the driver's side.

383
00:27:08,720 --> 00:27:11,400
So everything was like, we're going to give you Dodger's tickets because we're on the

384
00:27:11,400 --> 00:27:13,900
driver's side, you know, all this stuff.

385
00:27:13,900 --> 00:27:15,600
So it's a brand.

386
00:27:15,600 --> 00:27:18,680
The brand is completely disconnected.

387
00:27:18,680 --> 00:27:23,000
It's like there's a tiny thread between the brand and the product because no one cares

388
00:27:23,000 --> 00:27:24,560
about how gasoline is made.

389
00:27:24,560 --> 00:27:27,120
They just care that your car keeps going.

390
00:27:27,120 --> 00:27:28,840
That's creativity.

391
00:27:28,840 --> 00:27:31,440
That's Nike slogan, just do it.

392
00:27:31,440 --> 00:27:35,160
Something that wraps your brain around the product.

393
00:27:35,160 --> 00:27:36,160
That's the creative part.

394
00:27:36,160 --> 00:27:39,880
Then you have people who make commercials and you know, they're really good at visually,

395
00:27:39,880 --> 00:27:44,440
you know, telling really cool stories in 15 or 30 seconds that get you to pay attention

396
00:27:44,440 --> 00:27:46,400
to the product or services.

397
00:27:46,400 --> 00:27:49,880
So that's all the creativity part of advertising.

398
00:27:49,880 --> 00:27:54,580
And what you saw in Mad Men was a strategy, like what's the transformative value?

399
00:27:54,580 --> 00:27:58,600
And then there were the people in the art department who actually made the ads for television

400
00:27:58,600 --> 00:28:01,560
or print or whatever the case is.

401
00:28:01,560 --> 00:28:05,020
What happened later was media buying.

402
00:28:05,020 --> 00:28:10,820
One of the guys in the show, one of the characters started the media buying department.

403
00:28:10,820 --> 00:28:16,080
So media buying is just the practice of like literally spending millions of dollars or

404
00:28:16,080 --> 00:28:22,400
whatever your budget is to like buy the space so you can share your art.

405
00:28:22,400 --> 00:28:24,320
15 and 30 seconds.

406
00:28:24,320 --> 00:28:30,880
So like when you were in the days of the Mad Men show, like you had ABC, CBS and NBC.

407
00:28:30,880 --> 00:28:35,720
And it's like, you knew that most people who you wanted to reach were in those shows, in

408
00:28:35,720 --> 00:28:37,500
those networks.

409
00:28:37,500 --> 00:28:44,160
And you could in a very general macro sense, determine the types of people you are reaching

410
00:28:44,160 --> 00:28:46,480
based on the time of day.

411
00:28:46,480 --> 00:28:51,880
So in today's world, if you're thinking about radio, morning commute is going to be very

412
00:28:51,880 --> 00:28:52,880
popular.

413
00:28:52,880 --> 00:28:53,880
Why?

414
00:28:53,880 --> 00:28:57,540
Because there's a lot of people in cars on their morning compute.

415
00:28:57,540 --> 00:29:00,960
Or prime time programming on NBC.

416
00:29:00,960 --> 00:29:06,320
Back in the 90s, people would spend their hour and a half in front of television watching

417
00:29:06,320 --> 00:29:08,220
ABC or NBC.

418
00:29:08,220 --> 00:29:11,520
So media buying is literally just spending money, putting money down all day with the

419
00:29:11,520 --> 00:29:15,760
goal of getting in front of the right people that you hope they buy stuff.

420
00:29:15,760 --> 00:29:17,840
It's none of the art stuff.

421
00:29:17,840 --> 00:29:19,440
It's none of the creativity.

422
00:29:19,440 --> 00:29:22,120
It's all math and data.

423
00:29:22,120 --> 00:29:28,380
And what we do, the media buying component is just because you've created the art doesn't

424
00:29:28,380 --> 00:29:31,040
mean people will see it.

425
00:29:31,040 --> 00:29:35,400
Our job is to get the right people to see it at the right moment in time so that they

426
00:29:35,400 --> 00:29:37,540
buy stuff from you.

427
00:29:37,540 --> 00:29:44,480
Now what that looks like in real life is understanding where your ads should be.

428
00:29:44,480 --> 00:29:45,940
Should you be on meta?

429
00:29:45,940 --> 00:29:50,720
Should you be on Google or TikTok or LinkedIn or buying connected television on Hulu and

430
00:29:50,720 --> 00:29:52,540
Paramount Plus?

431
00:29:52,540 --> 00:29:55,100
And what's the value?

432
00:29:55,100 --> 00:29:59,260
We help determine the value of each of those channels.

433
00:29:59,260 --> 00:30:05,680
And the analogy for me is each of those channels and each of those targeting parameters, each

434
00:30:05,680 --> 00:30:11,960
of the decisions we make, those are elements of the orchestra.

435
00:30:11,960 --> 00:30:17,840
A violinist on their own can make beautiful music, but like 37 violinists and a guy on

436
00:30:17,840 --> 00:30:22,640
the gong and trumpet and all that stuff, they make a symphony.

437
00:30:22,640 --> 00:30:25,200
And the symphony is the output of your sales.

438
00:30:25,200 --> 00:30:28,460
It's why your business starts to grow.

439
00:30:28,460 --> 00:30:34,520
It's the fact that when you buy ads on Hulu, you're not going to see a lot of conversion

440
00:30:34,520 --> 00:30:35,520
activity.

441
00:30:35,520 --> 00:30:39,320
You'll be like, all right, I saw an ad on Hulu and someone bought from my website.

442
00:30:39,320 --> 00:30:43,920
It might happen a little bit, but by itself, it doesn't look that good.

443
00:30:43,920 --> 00:30:50,260
But what ends up happening is when you buy ads on Hulu, your Google looks a lot better

444
00:30:50,260 --> 00:30:54,540
because people are searching for you and then your ad appears on the search.

445
00:30:54,540 --> 00:30:57,000
People click, then they buy.

446
00:30:57,000 --> 00:31:03,860
Now an inexperienced person would say, let's stop Hulu and let's put more money into Google.

447
00:31:03,860 --> 00:31:11,880
But what's actually happening is that the demand that has been generated from Hulu powers

448
00:31:11,880 --> 00:31:15,720
people searching and people clicking on your ads.

449
00:31:15,720 --> 00:31:18,580
And that's how you generate more sales.

450
00:31:18,580 --> 00:31:22,360
So they work together as an orchestra creating a symphony.

451
00:31:22,360 --> 00:31:23,360
You're not competing.

452
00:31:23,360 --> 00:31:26,800
Hulu is not competing with Google.

453
00:31:26,800 --> 00:31:30,580
Facebook or Meta is not competing with Google.

454
00:31:30,580 --> 00:31:37,280
So the art of media buying is really understanding the foundational components of what works

455
00:31:37,280 --> 00:31:38,400
and what doesn't.

456
00:31:38,400 --> 00:31:40,560
It's understanding the fundamentals.

457
00:31:40,560 --> 00:31:46,520
So when I talk on TikTok about ad buying or if I write an article about ad buying, fundamentally,

458
00:31:46,520 --> 00:31:49,600
all we're doing is talking about the fundamentals.

459
00:31:49,600 --> 00:31:50,680
And it's so darn boring.

460
00:31:50,680 --> 00:31:54,040
The fundamentals are so damn boring.

461
00:31:54,040 --> 00:32:02,800
For example, there's this glitch on Twitter where you can target a certain set of settings

462
00:32:02,800 --> 00:32:08,280
and you'll get millions of ad impressions for a dollar a day.

463
00:32:08,280 --> 00:32:13,640
But you can't build a business on a happenstance.

464
00:32:13,640 --> 00:32:15,200
Because eventually that's a problem.

465
00:32:15,200 --> 00:32:18,680
First of all, the targeting parameters don't work for most businesses that are really paying

466
00:32:18,680 --> 00:32:19,680
attention.

467
00:32:19,680 --> 00:32:25,600
Secondly, it's a glitch and eventually Twitter or X is going to fix it.

468
00:32:25,600 --> 00:32:30,560
We're not here to be like, all right, here's some random things that happened that we discovered

469
00:32:30,560 --> 00:32:33,040
that's going to work for two and a half months.

470
00:32:33,040 --> 00:32:38,760
I'm here to build you a business that will be sustainable, predictable, repeatable, and

471
00:32:38,760 --> 00:32:43,240
scalable business growth for the next five years.

472
00:32:43,240 --> 00:32:46,300
And the only way to do that is with the fundamentals.

473
00:32:46,300 --> 00:32:54,160
So we're doing creative testing on meta, we're doing broad targeting, we have ways to understand

474
00:32:54,160 --> 00:33:00,360
depending on the product or service, where you should be running your ads, even in Google.

475
00:33:00,360 --> 00:33:01,880
For example, Google is a lot of things.

476
00:33:01,880 --> 00:33:08,960
Google is YouTube, Google is ads in Gmail through Performance Max, Google is the standard

477
00:33:08,960 --> 00:33:12,240
search that you have, Google is banners.

478
00:33:12,240 --> 00:33:15,680
There's all these different ways to use these tools and what we're really good at is using

479
00:33:15,680 --> 00:33:22,480
these tools to accelerate your message in a way that results in money coming back to

480
00:33:22,480 --> 00:33:23,480
the business.

481
00:33:23,480 --> 00:33:24,480
Absolutely.

482
00:33:24,480 --> 00:33:31,160
Yeah, you made some really interesting points there.

483
00:33:31,160 --> 00:33:36,680
A lot of people look at a lot of executives.

484
00:33:36,680 --> 00:33:49,160
It's hard to wrap their heads around omnichannel strategies to say, hey, it's really not too

485
00:33:49,160 --> 00:33:59,520
tangible the awareness and the CTV ads and the PR programs.

486
00:33:59,520 --> 00:34:02,680
You've got that and you've got paid media is more tangible.

487
00:34:02,680 --> 00:34:06,200
Hey, you can see those clicks, you can see those ads.

488
00:34:06,200 --> 00:34:15,240
But I think understanding the fundamentals, like you said, of the funnel.

489
00:34:15,240 --> 00:34:17,080
What is tangible?

490
00:34:17,080 --> 00:34:22,800
What is tangible is when you turn off your Hulu ads and your Google search, your cost

491
00:34:22,800 --> 00:34:26,960
per click on Google starts to go through the roof and your cost per lead or your customer

492
00:34:26,960 --> 00:34:31,160
acquisition costs starts to jump.

493
00:34:31,160 --> 00:34:32,600
We've been there.

494
00:34:32,600 --> 00:34:34,640
That's common knowledge inside the advertising business.

495
00:34:34,640 --> 00:34:36,920
It's not common knowledge for businesses.

496
00:34:36,920 --> 00:34:40,880
It's common knowledge for agency people who have seen the data.

497
00:34:40,880 --> 00:34:48,420
When we were working on Mercury Auto Insurance in 2010, 11, 12, et cetera, the common thing

498
00:34:48,420 --> 00:34:52,640
we would say is rising tides lift all boats.

499
00:34:52,640 --> 00:34:57,840
You run more television advertising, your Google search looks better.

500
00:34:57,840 --> 00:35:00,880
Then there's people who are like, well, we should run television.

501
00:35:00,880 --> 00:35:01,880
Shouldn't we?

502
00:35:01,880 --> 00:35:03,360
Isn't that the best place to be?

503
00:35:03,360 --> 00:35:08,840
I don't know, maybe if your audience is like 50, 60 plus and they're watching news, but

504
00:35:08,840 --> 00:35:14,560
look at the television, look at the ads on those news and life sports ads, especially

505
00:35:14,560 --> 00:35:15,560
news.

506
00:35:15,560 --> 00:35:21,760
It's erectile dysfunction, it's insurance, and it's stuff that only people of that demographic

507
00:35:21,760 --> 00:35:23,120
are going to be interested in.

508
00:35:23,120 --> 00:35:29,440
If you're selling a product that is not for that audience, chances are you probably shouldn't

509
00:35:29,440 --> 00:35:30,440
be buying television.

510
00:35:30,440 --> 00:35:35,960
You see that in the data, the sales data or the revenue data for television is declining.

511
00:35:35,960 --> 00:35:37,960
It's a $60 billion business this year.

512
00:35:37,960 --> 00:35:41,160
It was $70, $80 billion a few years ago.

513
00:35:41,160 --> 00:35:45,720
Yeah, absolutely.

514
00:35:45,720 --> 00:35:50,720
For any traditional business or even people that are starting out, I think paid media

515
00:35:50,720 --> 00:35:54,280
is the first thing that everybody wants to try.

516
00:35:54,280 --> 00:35:57,560
But you don't want to put all your eggs in one basket.

517
00:35:57,560 --> 00:36:04,080
You want to diversify your channels to expand out to say a direct mail program, a affiliate

518
00:36:04,080 --> 00:36:11,760
program and then build out your awareness programs.

519
00:36:11,760 --> 00:36:17,840
I've learned this over the years, like you said, that intuitively it's, hey, let's just

520
00:36:17,840 --> 00:36:20,840
spend money to get sales.

521
00:36:20,840 --> 00:36:29,440
But you have to have other marketing channels to all work in a symphony-like setting, like

522
00:36:29,440 --> 00:36:30,840
you said.

523
00:36:30,840 --> 00:36:32,400
You need product market fit.

524
00:36:32,400 --> 00:36:34,200
That's a big part of the equation there.

525
00:36:34,200 --> 00:36:38,120
A lot of startups will say, okay, we're ready to advertise.

526
00:36:38,120 --> 00:36:41,400
And then we'll say, okay, so how have you gotten business so far?

527
00:36:41,400 --> 00:36:43,760
And the answer, so let me turn this off.

528
00:36:43,760 --> 00:36:46,440
The answer is, I don't know.

529
00:36:46,440 --> 00:36:48,120
We've just gotten business.

530
00:36:48,120 --> 00:36:54,080
We can't tell you that we got it from search or social or whatever.

531
00:36:54,080 --> 00:36:59,560
And the insight there for me is you're probably not ready to advertise unless you're ready

532
00:36:59,560 --> 00:37:04,560
to advertise, not with the goal of generating leads and sales, but with the goal of achieving

533
00:37:04,560 --> 00:37:06,400
product market fit.

534
00:37:06,400 --> 00:37:09,000
You can run ads and understand product market fit.

535
00:37:09,000 --> 00:37:10,000
Absolutely.

536
00:37:10,000 --> 00:37:14,160
We can get you there in about three months, maybe six if it's really tough and you have

537
00:37:14,160 --> 00:37:15,400
a weird product.

538
00:37:15,400 --> 00:37:17,920
But we can get you there.

539
00:37:17,920 --> 00:37:25,840
But setting expectations is such a critical part of the equation.

540
00:37:25,840 --> 00:37:30,960
When you set expectations, and that's how client relationships start, and if they ever

541
00:37:30,960 --> 00:37:34,840
go bad, it's because when you look back at it, the expectations were fundamentally wrong

542
00:37:34,840 --> 00:37:36,720
from the very first conversation.

543
00:37:36,720 --> 00:37:41,480
So we're very explicit about what we are able to accomplish and not accomplish and where

544
00:37:41,480 --> 00:37:46,100
our responsibility starts and stops and where your responsibility starts and stops.

545
00:37:46,100 --> 00:37:52,800
And fundamentally, should you advertise right now is a question of it depends if you've

546
00:37:52,800 --> 00:37:55,760
achieved product market fit.

547
00:37:55,760 --> 00:38:00,720
And the way you know you've achieved product market fit is you can sell stuff and people,

548
00:38:00,720 --> 00:38:04,080
you go into the market, you talk about yourself, you're priced correctly and people buy stuff

549
00:38:04,080 --> 00:38:05,080
from you.

550
00:38:05,080 --> 00:38:07,920
That's how you know if you've achieved product market fit.

551
00:38:07,920 --> 00:38:13,960
And then fundamentally, at each channel you go into, you need to sort of curate your message

552
00:38:13,960 --> 00:38:17,080
for the nuances of that channel.

553
00:38:17,080 --> 00:38:21,240
I achieved product market fit over the course of two years by having probably hundreds of

554
00:38:21,240 --> 00:38:26,920
conversations, conferences, networking events, meetups, whatever the case is, I needed to

555
00:38:26,920 --> 00:38:33,920
learn what to say and how to say it such that people's eyes didn't gloss over because using

556
00:38:33,920 --> 00:38:37,760
jargon and no one cares about the jargon, no one cares about how smart I am.

557
00:38:37,760 --> 00:38:41,960
What people care about is can I get them more money?

558
00:38:41,960 --> 00:38:46,080
So that's me as an entrepreneur looking at product market fit.

559
00:38:46,080 --> 00:38:51,920
And I 100% agree that you need the email marketing, you need the text messaging, you need the

560
00:38:51,920 --> 00:38:58,080
social content posting because they all, going back to the symphony and orchestra, they make

561
00:38:58,080 --> 00:39:00,040
up the components of the orchestra.

562
00:39:00,040 --> 00:39:04,880
Like for example, one of the easy things that can happen is you can post on social media

563
00:39:04,880 --> 00:39:13,040
and the top five videos that you've ever created are going to be the ones that might be good

564
00:39:13,040 --> 00:39:17,520
to go in as ads.

565
00:39:17,520 --> 00:39:21,920
You spend money on those.

566
00:39:21,920 --> 00:39:29,000
If those videos are the ones that help push your business forward, you want to find influencers.

567
00:39:29,000 --> 00:39:30,000
And it's possible.

568
00:39:30,000 --> 00:39:35,200
Like podcasters, by the way, are good influencers in the business space.

569
00:39:35,200 --> 00:39:36,360
I'll give you an example.

570
00:39:36,360 --> 00:39:42,720
I just found, so a sales call came in the other day and I was like, okay, so how'd you

571
00:39:42,720 --> 00:39:43,720
find us?

572
00:39:43,720 --> 00:39:49,080
And this person said they listened to a podcast where I was a guest.

573
00:39:49,080 --> 00:39:53,120
They're like, I got to talk to this guy.

574
00:39:53,120 --> 00:39:57,400
What I learned, what I gleaned from that, it's a very small sample size and it's anecdotal.

575
00:39:57,400 --> 00:40:02,680
So a sample size of one, so grain of salt there.

576
00:40:02,680 --> 00:40:10,680
But I might pay that podcaster, like, let's either do more podcasts together.

577
00:40:10,680 --> 00:40:14,440
I'm going to pay you to amplify my message.

578
00:40:14,440 --> 00:40:19,360
If she has the audience and I know how to speak to the audience in a really good way,

579
00:40:19,360 --> 00:40:21,960
that's going to be relevant for me.

580
00:40:21,960 --> 00:40:26,680
And that's how you get influencers to work with you in a way that's like, podcasting

581
00:40:26,680 --> 00:40:31,580
is a great way to test, to figure out where the audience is.

582
00:40:31,580 --> 00:40:35,440
And when you figure that out, you're looking for predictable, repeatable, and scalable.

583
00:40:35,440 --> 00:40:41,280
I'll gladly spend money all day when I know it gives me more money on the backend.

584
00:40:41,280 --> 00:40:42,280
That's awesome.

585
00:40:42,280 --> 00:40:43,280
Yeah.

586
00:40:43,280 --> 00:40:51,760
I mean, there's so many new avenues of building businesses or expanding businesses.

587
00:40:51,760 --> 00:40:57,920
And I really liked what you said, media buying is really data and math.

588
00:40:57,920 --> 00:41:07,640
So what are the changes that you did talk about this, but what are the changes that

589
00:41:07,640 --> 00:41:14,920
you're seeing in the media buying space and how can small businesses think about it?

590
00:41:14,920 --> 00:41:15,920
100%.

591
00:41:15,920 --> 00:41:20,480
First of all, barrier to entry to work with us is $1,500 a month.

592
00:41:20,480 --> 00:41:22,400
And it could actually even go lower.

593
00:41:22,400 --> 00:41:24,480
Our fee on that is $500.

594
00:41:24,480 --> 00:41:27,960
Like if you have a thousand dollars a month to spend in marketing and advertising, and

595
00:41:27,960 --> 00:41:32,240
you want to add $500 for the expertise we have, we can go to market.

596
00:41:32,240 --> 00:41:35,960
So don't be scared that you need to have hundreds of thousands or millions of dollars to run

597
00:41:35,960 --> 00:41:36,960
ads.

598
00:41:36,960 --> 00:41:38,360
That's the first thing.

599
00:41:38,360 --> 00:41:43,080
The second thing is stop boosting posts on Facebook or don't use the promote button on

600
00:41:43,080 --> 00:41:44,080
TikTok.

601
00:41:44,080 --> 00:41:45,080
Don't do any of that stuff.

602
00:41:45,080 --> 00:41:46,360
That's a money grab.

603
00:41:46,360 --> 00:41:52,080
There's 10 million advertisers on Meta and according to Neil Patel, 64% of them fail.

604
00:41:52,080 --> 00:41:58,360
And a big part of that is because they're pressing the easy button by boosting a post.

605
00:41:58,360 --> 00:42:01,040
And I'll expand into the intricacies of that.

606
00:42:01,040 --> 00:42:03,860
Number one, you don't need likes, comments, and shares.

607
00:42:03,860 --> 00:42:06,880
You can't pay the bills with likes, comments, and shares.

608
00:42:06,880 --> 00:42:09,520
You have to pay the bills with money.

609
00:42:09,520 --> 00:42:14,320
And so when you run ads and boosting a post is running ads.

610
00:42:14,320 --> 00:42:19,880
But you're not, and it's funny even the nomenclature, like people don't realize that boosting a

611
00:42:19,880 --> 00:42:20,880
post is ads.

612
00:42:20,880 --> 00:42:21,880
No, we're not running ads.

613
00:42:21,880 --> 00:42:23,160
We're just boosting a post.

614
00:42:23,160 --> 00:42:32,360
Like literally by definition, if you are spending money to reach an audience, it's advertising.

615
00:42:32,360 --> 00:42:33,840
So number one, you are running ads.

616
00:42:33,840 --> 00:42:39,800
And if you're spending five, six, $700 a month on boosting posts, bad.

617
00:42:39,800 --> 00:42:46,400
If your rationale for boosting posts is, well, we created it, why don't have people see it?

618
00:42:46,400 --> 00:42:47,880
Wrong.

619
00:42:47,880 --> 00:42:50,160
Like it just don't do it.

620
00:42:50,160 --> 00:42:51,160
Just stop it.

621
00:42:51,160 --> 00:42:52,640
Never do that again.

622
00:42:52,640 --> 00:42:54,520
Like it's not even an exaggeration.

623
00:42:54,520 --> 00:42:56,140
Never do that again.

624
00:42:56,140 --> 00:42:58,040
Because there's no strategy there.

625
00:42:58,040 --> 00:43:01,960
And the strategy, and you know, we'll talk about what's different.

626
00:43:01,960 --> 00:43:04,820
Let's actually go into what's different now.

627
00:43:04,820 --> 00:43:07,000
But let's also talk about strategy.

628
00:43:07,000 --> 00:43:08,520
Strategy is very important.

629
00:43:08,520 --> 00:43:12,440
And strategy is a very nebulous concept.

630
00:43:12,440 --> 00:43:17,320
It literally took me probably the first decade of my career to really understand what a strategy

631
00:43:17,320 --> 00:43:18,320
is.

632
00:43:18,320 --> 00:43:24,880
And really, I only felt comfortable talking about strategy in the last five-ish years.

633
00:43:24,880 --> 00:43:28,000
It's a very weird term.

634
00:43:28,000 --> 00:43:29,840
Strategy is your navigation plan.

635
00:43:29,840 --> 00:43:35,360
If you're flying from Los Angeles, no, if you are in Los Angeles and you want to get

636
00:43:35,360 --> 00:43:44,040
to Manhattan, your KPI, your key performance indicator is I'm going to get to Manhattan.

637
00:43:44,040 --> 00:43:46,240
Your strategy is how you're going to get to Manhattan.

638
00:43:46,240 --> 00:43:50,640
Well, I could fly, I could take the plane, I could drive.

639
00:43:50,640 --> 00:43:54,560
Okay, what are my goals here?

640
00:43:54,560 --> 00:43:56,320
I want to do this fast, so I'm going to fly.

641
00:43:56,320 --> 00:44:01,120
Am I going to spend a lot of money for a first-class seat and leg room or I'm going to spend little

642
00:44:01,120 --> 00:44:04,820
money and be crunched in economy?

643
00:44:04,820 --> 00:44:06,680
What time of day am I going to go?

644
00:44:06,680 --> 00:44:08,720
By the way, which airport am I going to?

645
00:44:08,720 --> 00:44:09,720
New York or JFK?

646
00:44:09,720 --> 00:44:12,080
When I get to JFK, how am I going to get to the city?

647
00:44:12,080 --> 00:44:13,080
Am I going to take the LIRR?

648
00:44:13,080 --> 00:44:14,080
Am I going to take a taxi?

649
00:44:14,080 --> 00:44:17,880
Am I going to take an Uber?

650
00:44:17,880 --> 00:44:18,880
That's your strategy.

651
00:44:18,880 --> 00:44:23,240
What I just described is a strategy, but you call it navigation.

652
00:44:23,240 --> 00:44:25,200
You call it the travel plans.

653
00:44:25,200 --> 00:44:29,360
But for every business owner, that's what a strategy is.

654
00:44:29,360 --> 00:44:32,840
When you don't have a strategy, you hit the boost post button for likes, comments, and

655
00:44:32,840 --> 00:44:33,840
shares and views.

656
00:44:33,840 --> 00:44:36,760
It doesn't pay the bills.

657
00:44:36,760 --> 00:44:39,080
That's why you're wasting money.

658
00:44:39,080 --> 00:44:44,280
That's why Facebook is an over a trillion dollar company because you have millions of businesses

659
00:44:44,280 --> 00:44:49,140
in the US spending money on boosting posts.

660
00:44:49,140 --> 00:44:53,600
What you should do instead is go in the backend of business manager, do broad targeting and

661
00:44:53,600 --> 00:44:55,440
the creative testing framework.

662
00:44:55,440 --> 00:44:59,880
And I can give you a link or if you guys email me Facebook ads, just literally the subject

663
00:44:59,880 --> 00:45:03,560
line robert at brilliantmedia.co, type in Facebook ads.

664
00:45:03,560 --> 00:45:08,360
I'll give you a link to a 13 minute video of how to do this creative testing that will

665
00:45:08,360 --> 00:45:11,200
revolutionize your business.

666
00:45:11,200 --> 00:45:17,520
Let's talk about what's changed in the marketplace.

667
00:45:17,520 --> 00:45:20,760
It's like using an iPhone from 2017.

668
00:45:20,760 --> 00:45:21,760
Does it work?

669
00:45:21,760 --> 00:45:22,760
Yes.

670
00:45:22,760 --> 00:45:25,320
Is it the newest and best technology?

671
00:45:25,320 --> 00:45:26,840
No.

672
00:45:26,840 --> 00:45:32,960
That's what it is when you use keyword and interest targeting inside Meta.

673
00:45:32,960 --> 00:45:34,440
The tech is still there.

674
00:45:34,440 --> 00:45:37,760
It's just not the best tech.

675
00:45:37,760 --> 00:45:40,240
It's not how Meta wants you to use Meta.

676
00:45:40,240 --> 00:45:46,440
What Meta wants you to use is broad targeting, age, gender, and location.

677
00:45:46,440 --> 00:45:48,960
Broad targeting, age, gender, and location.

678
00:45:48,960 --> 00:45:56,840
For location, if you're a restaurant and you know that people are only going to show up

679
00:45:56,840 --> 00:45:59,480
within a five mile radius around your address.

680
00:45:59,480 --> 00:46:04,360
They're not going to drive 10 miles for a burger or whatever food you have.

681
00:46:04,360 --> 00:46:08,960
If you're in Manhattan, that's probably a five block radius.

682
00:46:08,960 --> 00:46:13,560
If you're in Texas, it might be 10 mile radius.

683
00:46:13,560 --> 00:46:15,840
You got to know, generally speaking, how far people will travel.

684
00:46:15,840 --> 00:46:17,200
There's easy ways to figure that out.

685
00:46:17,200 --> 00:46:21,240
You can ask people, you can pull data from a data company, it costs you like a thousand

686
00:46:21,240 --> 00:46:23,000
dollars to get that data.

687
00:46:23,000 --> 00:46:31,480
They track when people, when their mobile device, where their mobile device started,

688
00:46:31,480 --> 00:46:36,140
when it got to your fast food location, and then where it went after that.

689
00:46:36,140 --> 00:46:38,760
When you look at thousands of devices, you'll get a sense.

690
00:46:38,760 --> 00:46:42,440
Like 50% of people traveled maximum five miles.

691
00:46:42,440 --> 00:46:45,000
100% of people traveled maximum 10 miles.

692
00:46:45,000 --> 00:46:47,480
I'm thinking about Texas now.

693
00:46:47,480 --> 00:46:56,160
Anyway, so your geographic broad targeting is the place in the broadest area that people

694
00:46:56,160 --> 00:46:58,160
will work with you, transact with you.

695
00:46:58,160 --> 00:46:59,440
So at the restaurant, five miles.

696
00:46:59,440 --> 00:47:02,320
For us business to business, it's 10 miles.

697
00:47:02,320 --> 00:47:05,760
I'm sorry, it's a no, it's around the United States.

698
00:47:05,760 --> 00:47:07,160
That's what I meant to say.

699
00:47:07,160 --> 00:47:09,920
So B2B around the United States.

700
00:47:09,920 --> 00:47:10,920
Age and gender.

701
00:47:10,920 --> 00:47:13,880
Age, I don't know, people usually are working with us.

702
00:47:13,880 --> 00:47:19,500
You're like low end 25, high end 65, because 60, 65 is when people retire.

703
00:47:19,500 --> 00:47:22,480
And then gender, we work with men and women.

704
00:47:22,480 --> 00:47:30,320
If you have a feminine product, you're going to select the broad audience as women, likely.

705
00:47:30,320 --> 00:47:38,260
If you're an Etsy shop and you're doing crochet patterns, it's probably going to be women.

706
00:47:38,260 --> 00:47:40,040
And then you do the creative testing framework.

707
00:47:40,040 --> 00:47:51,560
What this leads to, what the trend this is a part of is algorithmic advertising.

708
00:47:51,560 --> 00:47:58,400
No longer are the days where you can, in many channels, on TikTok you have smart performance

709
00:47:58,400 --> 00:47:59,440
campaigns.

710
00:47:59,440 --> 00:48:05,200
On Google you're uploading 15 different headlines and four descriptions and they're mixing and

711
00:48:05,200 --> 00:48:07,400
matching the creative.

712
00:48:07,400 --> 00:48:11,440
Now the targeting on Google is still very granular, like by keywords.

713
00:48:11,440 --> 00:48:13,520
But look at Performance Max.

714
00:48:13,520 --> 00:48:17,600
Performance Max, you just upload a bunch of ads and it goes to a bunch of different places,

715
00:48:17,600 --> 00:48:22,800
including Gmail ads and YouTube and banners and Google search, et cetera.

716
00:48:22,800 --> 00:48:27,820
What you're doing and what's happening on Meta 2 with the broad targeting is you are

717
00:48:27,820 --> 00:48:36,000
leveraging the power of the platform's algorithm for it to find your best customers.

718
00:48:36,000 --> 00:48:41,000
Now programmatically, if you're using other platforms like the Trade Desk, if you're buying

719
00:48:41,000 --> 00:48:45,440
ads on local news and sports, you do have the ability to get very granular and the granular

720
00:48:45,440 --> 00:48:47,280
data still works there.

721
00:48:47,280 --> 00:48:51,160
But on the large social media platforms, you're doing broad targeting.

722
00:48:51,160 --> 00:48:52,160
There's a few reasons for that.

723
00:48:52,160 --> 00:48:58,760
The data has to be a little bit opaque because platforms are getting torn about right and

724
00:48:58,760 --> 00:49:02,480
left for their use of data and privacy and all that stuff.

725
00:49:02,480 --> 00:49:06,760
You can pinpoint the moment when Mark Zuckerberg testified in front of Congress, I think that

726
00:49:06,760 --> 00:49:15,560
was in 2017 or 2018 for the Cambridge Analytica scandal, when Axiom, as a data provider, pulled

727
00:49:15,560 --> 00:49:19,240
like they said, no more third party data on Facebook.

728
00:49:19,240 --> 00:49:21,120
It was going the programmatic route.

729
00:49:21,120 --> 00:49:26,780
Like in the Trade Desk, for example, you have 220, probably more now, data partners and

730
00:49:26,780 --> 00:49:31,240
millions of existing segments where you can target people.

731
00:49:31,240 --> 00:49:33,760
Facebook or Meta was going that route.

732
00:49:33,760 --> 00:49:37,360
They had third party providers and they took all those out because they didn't want to

733
00:49:37,360 --> 00:49:38,440
deal with any of this stuff.

734
00:49:38,440 --> 00:49:43,780
They became too powerful and a lot more scrutiny as a result of that, which is probably right.

735
00:49:43,780 --> 00:49:49,440
So if you're advertising in 2024, you're uploading a bunch of ads, ad creatives, you're going

736
00:49:49,440 --> 00:49:55,140
general targeting broad, you're providing your pixel so the platforms can understand

737
00:49:55,140 --> 00:49:58,680
who your buyers are from a data perspective.

738
00:49:58,680 --> 00:50:04,000
And you're telling the platform, find me new buyers and your job as a media buying team.

739
00:50:04,000 --> 00:50:07,120
So why does the media buying team even need to be in the equation?

740
00:50:07,120 --> 00:50:09,960
Can't everyone do this themselves?

741
00:50:09,960 --> 00:50:15,600
The short answer is, yeah, you could do this yourself, but you have to know that broad

742
00:50:15,600 --> 00:50:17,400
targeting is a thing.

743
00:50:17,400 --> 00:50:21,600
You also then have to understand that the creative testing framework is going to be

744
00:50:21,600 --> 00:50:22,600
important.

745
00:50:22,600 --> 00:50:25,920
And then you're going to have to understand how to look at the data so to understand whether

746
00:50:25,920 --> 00:50:28,080
or not it's working for you.

747
00:50:28,080 --> 00:50:30,680
So this goes back to the AI conversation.

748
00:50:30,680 --> 00:50:32,200
Can it all be done by one person?

749
00:50:32,200 --> 00:50:33,200
Absolutely.

750
00:50:33,200 --> 00:50:38,020
But there's a place and time and an opportunity for high level experts.

751
00:50:38,020 --> 00:50:40,740
And that's the service that we provide ultimately.

752
00:50:40,740 --> 00:50:45,280
It's business intelligence to accelerate growth.

753
00:50:45,280 --> 00:50:48,920
So the trend is broad algorithmic targeting.

754
00:50:48,920 --> 00:50:54,680
The other, the complementary trend there is focusing on creative.

755
00:50:54,680 --> 00:50:57,320
Creative finds your customer, not the targeting.

756
00:50:57,320 --> 00:51:01,080
Because remember, you're doing broad targeting, age, gender, and location.

757
00:51:01,080 --> 00:51:05,560
So now in the case of the restaurant, let's say you sell burgers and fries and shakes,

758
00:51:05,560 --> 00:51:11,320
now you've got to understand what creative is going to resonate with people.

759
00:51:11,320 --> 00:51:12,720
Now you have a few options.

760
00:51:12,720 --> 00:51:20,120
Usually the human eye has more nerves in it to understand faces, to recognize faces, than

761
00:51:20,120 --> 00:51:27,240
it has the ability to understand stuff, buildings, hands, anything that's not a face.

762
00:51:27,240 --> 00:51:29,640
It's less adept at.

763
00:51:29,640 --> 00:51:34,280
So initially you want to test what works to generate sales for your restaurant.

764
00:51:34,280 --> 00:51:37,480
Is it happy people eating your food?

765
00:51:37,480 --> 00:51:40,120
Is it like a gorgeous photo of food?

766
00:51:40,120 --> 00:51:41,120
Is it the shake?

767
00:51:41,120 --> 00:51:42,120
Is it the burger?

768
00:51:42,120 --> 00:51:43,180
Is it the fries?

769
00:51:43,180 --> 00:51:44,180
Is it families?

770
00:51:44,180 --> 00:51:45,920
Is it individuals?

771
00:51:45,920 --> 00:51:46,920
Then you look at the text.

772
00:51:46,920 --> 00:51:47,920
Is it happy text?

773
00:51:47,920 --> 00:51:48,920
Is it negative text?

774
00:51:48,920 --> 00:51:52,720
Is it, you know, whatever the case is.

775
00:51:52,720 --> 00:51:58,320
So once you understand the system that you're working in, it's actually quite easy to do,

776
00:51:58,320 --> 00:52:01,240
but a lot of people miss on two parts.

777
00:52:01,240 --> 00:52:06,160
They don't understand the system and they're using the technology from 2017 keywords and

778
00:52:06,160 --> 00:52:11,280
interest targeting, or they don't understand that creative is going to be the thing, which

779
00:52:11,280 --> 00:52:12,480
is also a systemic thing.

780
00:52:12,480 --> 00:52:15,560
They don't understand that they need to do that.

781
00:52:15,560 --> 00:52:20,480
So it's understanding the system or it's understanding the activation, how to do it well, how to

782
00:52:20,480 --> 00:52:25,560
actually create ads that are compelling, how to structure ad campaigns that's going to

783
00:52:25,560 --> 00:52:26,560
do well.

784
00:52:26,560 --> 00:52:32,200
So I can tell you all how to do this, but then if you don't have the experience in it,

785
00:52:32,200 --> 00:52:33,200
it's not going to work.

786
00:52:33,200 --> 00:52:34,200
Now here's the other thing.

787
00:52:34,200 --> 00:52:40,760
No one expects the average restaurant owner or the any B2B company to be good at marketing

788
00:52:40,760 --> 00:52:41,880
and advertising.

789
00:52:41,880 --> 00:52:46,680
Just like no one expects me to be a doctor, a lawyer, a mechanic or a plumber.

790
00:52:46,680 --> 00:52:48,080
Your car, the car breaks down.

791
00:52:48,080 --> 00:52:53,800
I have no idea what's happening and if you give me a hammer, I'll probably make it worse.

792
00:52:53,800 --> 00:53:01,680
So individuals, companies, organizations, entrepreneurs need to eat their own dog food,

793
00:53:01,680 --> 00:53:07,240
which is you're expecting people, especially B2B companies, you're expecting people to

794
00:53:07,240 --> 00:53:13,360
pay you for the service, the expertise that you have.

795
00:53:13,360 --> 00:53:18,640
If you want to accelerate your business and not spend thousands of hours doing the wrong

796
00:53:18,640 --> 00:53:22,760
thing and probably tens of thousands of dollars, just making it worse with your advertising

797
00:53:22,760 --> 00:53:28,920
because you have no idea what you're doing, pay an expert to invest those $10,000 or tens

798
00:53:28,920 --> 00:53:35,620
of thousands of dollars and save you thousands of hours to actually grow your business.

799
00:53:35,620 --> 00:53:37,000
So you asked me about trends.

800
00:53:37,000 --> 00:53:42,680
The trend is pay an expert because yeah, you got to make it right and the algorithm is

801
00:53:42,680 --> 00:53:44,640
going to be your friend.

802
00:53:44,640 --> 00:53:45,640
Absolutely.

803
00:53:45,640 --> 00:53:46,640
Yeah.

804
00:53:46,640 --> 00:53:51,840
I mean, just business owners cannot be good at everything.

805
00:53:51,840 --> 00:53:58,880
So just leveraging experts from different things will definitely help them scale.

806
00:53:58,880 --> 00:54:07,320
And also there's a lot of nuances that the experts bring in that it might take too.

807
00:54:07,320 --> 00:54:10,840
There's an opportunity cost to not bringing an expert.

808
00:54:10,840 --> 00:54:12,400
Huge.

809
00:54:12,400 --> 00:54:20,440
The biggest thing, the broad targeting creative testing is critical on Meta and it amplifies

810
00:54:20,440 --> 00:54:23,440
that information outward to other platforms.

811
00:54:23,440 --> 00:54:26,800
You take the learnings from Meta and those are the same ads that run on LinkedIn for

812
00:54:26,800 --> 00:54:27,800
us.

813
00:54:27,800 --> 00:54:34,080
And LinkedIn is a better platform for our business from a lead generation perspective.

814
00:54:34,080 --> 00:54:39,920
And also the learnings we got from our creative came from Meta.

815
00:54:39,920 --> 00:54:43,960
Very powerful going back to the symphony and orchestra analogy.

816
00:54:43,960 --> 00:54:49,800
But the thing that most people can do effectively is they need to constantly create ads.

817
00:54:49,800 --> 00:54:53,200
Unless you're selling something that is going to be gone in like two or three weeks, like

818
00:54:53,200 --> 00:54:57,960
if you're selling tickets to, we do a lot with selling tickets to like Cardi B and Hugh

819
00:54:57,960 --> 00:55:05,120
Jackman and big national names, like local names, plays and sort of like events that

820
00:55:05,120 --> 00:55:07,280
take place at theaters.

821
00:55:07,280 --> 00:55:11,800
Those are a little bit different because you've got like three weeks.

822
00:55:11,800 --> 00:55:16,800
That's a good reason to use keywords and interest.

823
00:55:16,800 --> 00:55:21,400
But I would still do the creative testing, but you just accelerate the process so it

824
00:55:21,400 --> 00:55:24,620
happens in a few days rather than a few weeks.

825
00:55:24,620 --> 00:55:32,640
But the one thing any business owner can have is constantly create, develop ads, develop

826
00:55:32,640 --> 00:55:37,600
creative executions, and then test them in the marketplace.

827
00:55:37,600 --> 00:55:38,800
And there's no ego.

828
00:55:38,800 --> 00:55:41,480
I don't care which ad works.

829
00:55:41,480 --> 00:55:45,000
I care that we find the ad that works.

830
00:55:45,000 --> 00:55:47,000
I don't care if it's an influencer.

831
00:55:47,000 --> 00:55:52,120
I don't care if it's an ad that I created or like a post-it note that I took a photo

832
00:55:52,120 --> 00:55:56,360
of and I put that up on an ad and I wrote something on the post-it note that tells a

833
00:55:56,360 --> 00:55:57,360
story.

834
00:55:57,360 --> 00:56:02,960
Like it can be very expensive or it can be the least expensive thing you've ever done.

835
00:56:02,960 --> 00:56:09,280
They all have the ability to actually be the thing that resonates with customers.

836
00:56:09,280 --> 00:56:14,520
And that goes back to that product market fit and it furthers this idea of iteration.

837
00:56:14,520 --> 00:56:21,720
Like all we're doing is looking to be 1% better every day because we will be 37 times better

838
00:56:21,720 --> 00:56:23,960
at our craft within a year.

839
00:56:23,960 --> 00:56:27,680
And then you multiply that again by the amount of years you're doing your business if you're

840
00:56:27,680 --> 00:56:30,000
really doing it.

841
00:56:30,000 --> 00:56:35,920
Like you'll be an overnight success, but it'll only take you 10 years and a lot of 1% improvement

842
00:56:35,920 --> 00:56:36,920
days.

843
00:56:36,920 --> 00:56:37,920
Absolutely.

844
00:56:37,920 --> 00:56:38,920
Yeah.

845
00:56:38,920 --> 00:56:43,440
I mean, you've been touching on several of my favorite topics, you know, test versus

846
00:56:43,440 --> 00:56:49,720
control, A-B testing frameworks, you know, not having an ego and not married to your

847
00:56:49,720 --> 00:56:52,600
creative ideas.

848
00:56:52,600 --> 00:56:59,400
You know, I think those are super important and to have an iterative mindset, especially

849
00:56:59,400 --> 00:57:11,160
in traditional companies where there is no A-B testing framework.

850
00:57:11,160 --> 00:57:20,000
There's a lot of pressure on marketing or product people to get it right the first time.

851
00:57:20,000 --> 00:57:25,440
There's a lot of impatience and lack of understanding that this is an iterative process.

852
00:57:25,440 --> 00:57:28,920
We need to get to what works and we don't know.

853
00:57:28,920 --> 00:57:30,120
I don't know what works.

854
00:57:30,120 --> 00:57:31,240
Same with the data.

855
00:57:31,240 --> 00:57:40,680
If I'm building a machine learning model, I don't know if it'll work in the first go.

856
00:57:40,680 --> 00:57:45,880
I need to iterate on it to find the best fit.

857
00:57:45,880 --> 00:57:55,840
So I think educating and setting the right expectations is really key to success.

858
00:57:55,840 --> 00:57:58,960
And it's scary, right?

859
00:57:58,960 --> 00:58:07,520
Because if you have the wrong management and the wrong people who are setting these expectations,

860
00:58:07,520 --> 00:58:11,160
it can be the kiss of death to say, I don't know.

861
00:58:11,160 --> 00:58:16,520
So that's how an organization starts to crumble.

862
00:58:16,520 --> 00:58:24,280
The wrong leadership, the wrong expectations, a misalignment between what they think is

863
00:58:24,280 --> 00:58:27,800
reality but what actually is reality.

864
00:58:27,800 --> 00:58:33,280
And that's how you get, and I think that makes a big difference in the quality of the organization

865
00:58:33,280 --> 00:58:40,640
that you have, which is the ability for people to feel safe, the ability for people to like

866
00:58:40,640 --> 00:58:41,640
experiment.

867
00:58:41,640 --> 00:58:46,320
Like we encourage our people, figure out whatever new tech like Claude, I haven't really used

868
00:58:46,320 --> 00:58:51,080
Claude.ai, I just used it last night because I thought it was cool.

869
00:58:51,080 --> 00:58:54,000
We started instituting Grammarly because someone started using Grammarly.

870
00:58:54,000 --> 00:58:55,600
I was like, yeah, that kind of makes sense.

871
00:58:55,600 --> 00:58:56,920
We should probably be using it.

872
00:58:56,920 --> 00:59:00,160
They have AI integrated in it now.

873
00:59:00,160 --> 00:59:12,800
So understanding, I think all of this gets summed up as being a tech tinkerer.

874
00:59:12,800 --> 00:59:14,800
That's how you're successful.

875
00:59:14,800 --> 00:59:19,120
Like you don't have to know what the outcome will be or you need to know what the outcome

876
00:59:19,120 --> 00:59:20,360
will be to a degree.

877
00:59:20,360 --> 00:59:26,880
You need to know what your guiding light is, what the KPI is for your business.

878
00:59:26,880 --> 00:59:29,520
But I don't have to be right on how I get there.

879
00:59:29,520 --> 00:59:33,400
The goal is we got to just get there.

880
00:59:33,400 --> 00:59:35,720
And that is the scientific method, right?

881
00:59:35,720 --> 00:59:42,520
So you have a hypothesis and you test it and let it run and see if it works or not.

882
00:59:42,520 --> 00:59:46,400
You reject your null hypothesis or not.

883
00:59:46,400 --> 00:59:52,280
But yeah, it's definitely a mindset and the framework that we need to bring people into

884
00:59:52,280 --> 00:59:53,880
if we want to be successful.

885
00:59:53,880 --> 00:59:59,480
I really like the term tech tinkerer.

886
00:59:59,480 --> 01:00:00,480
Thank you.

887
01:00:00,480 --> 01:00:02,440
I should copyright it.

888
01:00:02,440 --> 01:00:03,440
Love it.

889
01:00:03,440 --> 01:00:07,160
Or create a website.

890
01:00:07,160 --> 01:00:11,220
It's got a ring to it.

891
01:00:11,220 --> 01:00:20,400
In my mind, being good with data is one of the key elements of a successful career or

892
01:00:20,400 --> 01:00:25,880
building a successful business in paid media and marketing.

893
01:00:25,880 --> 01:00:28,840
You've been in the corporate leadership world, consulting world.

894
01:00:28,840 --> 01:00:31,360
You've been an entrepreneur.

895
01:00:31,360 --> 01:00:37,760
What role has data played in your career?

896
01:00:37,760 --> 01:00:39,400
Yeah.

897
01:00:39,400 --> 01:00:47,380
So there is big data, which is 100% not what I know.

898
01:00:47,380 --> 01:00:53,120
We use systems that leverage big data, but I'm not an analyst.

899
01:00:53,120 --> 01:00:54,120
I don't understand.

900
01:00:54,120 --> 01:00:55,840
I can't analyze that data.

901
01:00:55,840 --> 01:01:01,240
What I can analyze is advertising campaign data and I look for trends over time.

902
01:01:01,240 --> 01:01:06,480
So a big part of my career has been I'm always looking for that feedback loop.

903
01:01:06,480 --> 01:01:10,360
I'm always in the back of my head running tests.

904
01:01:10,360 --> 01:01:13,400
It's just a matter of it's not on paper usually.

905
01:01:13,400 --> 01:01:18,400
I'll give you an example of sort of the quintessential element here.

906
01:01:18,400 --> 01:01:22,320
It's when I was trying to figure out product market fit for our business.

907
01:01:22,320 --> 01:01:27,200
I have conversations and I paid attention to when people's eyes glossed over.

908
01:01:27,200 --> 01:01:31,720
They're like, cool, nice talking to you.

909
01:01:31,720 --> 01:01:32,880
That's what I paid attention to.

910
01:01:32,880 --> 01:01:34,720
So it wasn't on paper.

911
01:01:34,720 --> 01:01:39,280
I didn't take a list of all the words I was saying because it was real life in person

912
01:01:39,280 --> 01:01:40,280
interactions.

913
01:01:40,280 --> 01:01:42,080
I couldn't do that.

914
01:01:42,080 --> 01:01:47,920
But I paid attention over time about where people were showing interest.

915
01:01:47,920 --> 01:01:52,280
And I learned over time how to talk about our business in an inspiring and motivating

916
01:01:52,280 --> 01:01:57,360
way that enrolled people and got them to spend money with us.

917
01:01:57,360 --> 01:01:59,280
That's the type of data I think is very interesting.

918
01:01:59,280 --> 01:02:02,240
It's sort of like this qualitative data.

919
01:02:02,240 --> 01:02:03,920
It's not really quantitative.

920
01:02:03,920 --> 01:02:07,280
Sure, people on my team, they're always looking at quantitative stuff.

921
01:02:07,280 --> 01:02:08,880
They're looking at the campaign performance.

922
01:02:08,880 --> 01:02:11,240
They're looking at return on ad spend.

923
01:02:11,240 --> 01:02:14,760
You increase your bid by 20%.

924
01:02:14,760 --> 01:02:19,960
Does it increase the return on ad spend or does it actually decrease it because media

925
01:02:19,960 --> 01:02:26,320
is more expensive and we're not getting the requisite number of sales or revenue to account

926
01:02:26,320 --> 01:02:29,320
for that 20% uplift in costs.

927
01:02:29,320 --> 01:02:30,320
There's that type of data.

928
01:02:30,320 --> 01:02:36,720
But I think as a business owner, I'm paying attention to larger macro trends.

929
01:02:36,720 --> 01:02:40,320
And I remember the data is very important.

930
01:02:40,320 --> 01:02:43,520
I remember the very first time I made a mistake on data and I was reprimanded.

931
01:02:43,520 --> 01:02:48,480
How awful, I was going to get fired very early on in my career.

932
01:02:48,480 --> 01:02:55,000
So you start to have a respect for the data.

933
01:02:55,000 --> 01:03:00,320
I think there are people like in the advertising tech, in the ad tech space that are really

934
01:03:00,320 --> 01:03:05,840
talented with setting up systems and looking at probably what you do.

935
01:03:05,840 --> 01:03:10,320
Like I think a lot of what you do, looking at data and looking for trends over time,

936
01:03:10,320 --> 01:03:11,320
I don't know how to do that.

937
01:03:11,320 --> 01:03:17,000
For me, it's qualitative data that helps me make assessments that leads down the path

938
01:03:17,000 --> 01:03:21,000
of hopefully the right outcome for it.

939
01:03:21,000 --> 01:03:22,560
I love that.

940
01:03:22,560 --> 01:03:23,560
I love that.

941
01:03:23,560 --> 01:03:24,560
Yeah.

942
01:03:24,560 --> 01:03:30,440
I mean, to your point, I'm always thinking about looking at the data, looking at numbers

943
01:03:30,440 --> 01:03:38,040
and deriving trends over time, but really for product discovery and identifying the

944
01:03:38,040 --> 01:03:43,520
problems that customers are facing, you really need that qualitative data interactions and

945
01:03:43,520 --> 01:03:49,960
surveys and things like that to get to the bottom of what are the problems that I need

946
01:03:49,960 --> 01:03:52,480
to be solving for my customers.

947
01:03:52,480 --> 01:03:53,480
Yeah.

948
01:03:53,480 --> 01:04:02,240
I mean, over time, it becomes apparent that data is the root of everything.

949
01:04:02,240 --> 01:04:05,200
Like data is the root of like knowledge.

950
01:04:05,200 --> 01:04:12,080
And it would be hard to exist in this world and not make data-driven decisions.

951
01:04:12,080 --> 01:04:16,640
But the difference to me is that the difference from, I think, what people imagine data to

952
01:04:16,640 --> 01:04:22,280
be is big complex data that requires PhDs to figure out.

953
01:04:22,280 --> 01:04:24,260
But data is all around you.

954
01:04:24,260 --> 01:04:29,560
And data can help you understand the decisions you need to make in your life.

955
01:04:29,560 --> 01:04:33,480
Good reasoning, critical reasoning skills are very important in that.

956
01:04:33,480 --> 01:04:36,520
We have a dashboard that we share with our clients.

957
01:04:36,520 --> 01:04:37,960
And the dashboard is really great.

958
01:04:37,960 --> 01:04:44,600
It shows like per line item performance, you can split the view so that, you know, or slice

959
01:04:44,600 --> 01:04:45,600
it.

960
01:04:45,600 --> 01:04:46,600
It's data-rama.

961
01:04:46,600 --> 01:04:51,100
It's called slicing the page so that like, if we want to add from Meta, we can have the

962
01:04:51,100 --> 01:05:01,240
entire dashboard show just the data from Meta, creative delivery, performance by channel,

963
01:05:01,240 --> 01:05:05,280
by like placement, performance by day, et cetera.

964
01:05:05,280 --> 01:05:09,000
Or you can have it look at the entire contract, which is like, let's say Meta and Google and

965
01:05:09,000 --> 01:05:12,400
Hulu, you know, whatever the case is.

966
01:05:12,400 --> 01:05:13,800
But that's good.

967
01:05:13,800 --> 01:05:19,880
What's better is the contextualization of that data so that our clients understand why

968
01:05:19,880 --> 01:05:21,920
things are happening on the campaign.

969
01:05:21,920 --> 01:05:26,040
Like you see this thing here, this spike, that's when we tested this one thing, which

970
01:05:26,040 --> 01:05:28,660
was either very good or very bad.

971
01:05:28,660 --> 01:05:32,520
Or see, this is the thing when we turned off Hulu, the cost per acquisition on Google started

972
01:05:32,520 --> 01:05:33,520
to rise.

973
01:05:33,520 --> 01:05:35,740
We should turn Hulu back on.

974
01:05:35,740 --> 01:05:37,240
The context is very important.

975
01:05:37,240 --> 01:05:45,440
So we, one of our, you know, a few of our core like values is context, communication

976
01:05:45,440 --> 01:05:46,440
and consistency.

977
01:05:46,440 --> 01:05:53,240
Like we got to be around to talk, Slack, email, whatever it is.

978
01:05:53,240 --> 01:05:56,320
We've got to always be around, like you can't just be like, well, you don't hear from us

979
01:05:56,320 --> 01:05:57,920
for two weeks.

980
01:05:57,920 --> 01:05:59,360
And the context is very important.

981
01:05:59,360 --> 01:06:00,960
So you understand why things are happening.

982
01:06:00,960 --> 01:06:02,960
Because what we know, we want you to know.

983
01:06:02,960 --> 01:06:09,040
Like we want you to, we want our clients to understand how we're achieving the goals or

984
01:06:09,040 --> 01:06:12,420
the performance that we're achieving.

985
01:06:12,420 --> 01:06:15,760
The more they know, the more clients know about our work, the better off it is.

986
01:06:15,760 --> 01:06:20,200
Like the more they realize how hard we're working for them.

987
01:06:20,200 --> 01:06:24,040
And the dashboard is a good way of contextualizing the data that we see.

988
01:06:24,040 --> 01:06:25,040
Absolutely.

989
01:06:25,040 --> 01:06:35,480
And yeah, I mean, we, we talked about this earlier, data and performance metrics in the

990
01:06:35,480 --> 01:06:43,800
media world, media buying, paid media, CTV, any, any of these, it's not an exact science.

991
01:06:43,800 --> 01:06:44,800
No.

992
01:06:44,800 --> 01:06:54,960
And you cannot, without, well, like you said, without the context, it's really hard to,

993
01:06:54,960 --> 01:07:00,520
it's really easy to make bad decisions based off of context.

994
01:07:00,520 --> 01:07:11,160
Like you said earlier, your brand awareness, you know, efforts with CTV and Hulu are improving

995
01:07:11,160 --> 01:07:15,420
your click-through rates on Google ads.

996
01:07:15,420 --> 01:07:20,520
But as soon as you take that away, I mean, an executive can look at it and say, Hey,

997
01:07:20,520 --> 01:07:22,120
Hulu is not working.

998
01:07:22,120 --> 01:07:24,880
Go, go after, you know, spend more money in Google.

999
01:07:24,880 --> 01:07:32,320
But really the context of everything that's working together, the holistic view is really

1000
01:07:32,320 --> 01:07:33,320
important.

1001
01:07:33,320 --> 01:07:36,240
And just the insight to understand how to read the data, right?

1002
01:07:36,240 --> 01:07:40,440
That's, that's, that's a big part of the expertise, right?

1003
01:07:40,440 --> 01:07:41,440
Absolutely.

1004
01:07:41,440 --> 01:07:43,320
Absolutely.

1005
01:07:43,320 --> 01:07:54,320
What are some of the challenges in the digital marketing world for, for, for a media buying

1006
01:07:54,320 --> 01:08:00,320
business and for your clients?

1007
01:08:00,320 --> 01:08:06,120
What are the challenges of us going to market or what are the challenges we solve for our

1008
01:08:06,120 --> 01:08:07,120
clients?

1009
01:08:07,120 --> 01:08:09,120
What are the challenges that both, both?

1010
01:08:09,120 --> 01:08:10,120
Yeah.

1011
01:08:10,120 --> 01:08:11,120
Okay.

1012
01:08:11,120 --> 01:08:15,200
Can we go into market everyone, their mother's a digital advertising firm.

1013
01:08:15,200 --> 01:08:19,120
All you need is a computer and internet connection and a Facebook account and you can sell Facebook

1014
01:08:19,120 --> 01:08:22,000
ads.

1015
01:08:22,000 --> 01:08:29,360
And so the way you identify a good agency is number one, they probably have wrinkles

1016
01:08:29,360 --> 01:08:31,400
on their face, wrinkles.

1017
01:08:31,400 --> 01:08:36,840
They have a LinkedIn history profile that shows that they've been working in advertising

1018
01:08:36,840 --> 01:08:37,840
for a while now.

1019
01:08:37,840 --> 01:08:43,920
You know, there's someone who was prominently running ads on, on me, on Facebook, who, who's

1020
01:08:43,920 --> 01:08:49,600
LinkedIn he was in the digital marketing space and he was, I don't know what, and his experience

1021
01:08:49,600 --> 01:08:52,560
was school of hard knocks.

1022
01:08:52,560 --> 01:08:54,760
Like that's weird.

1023
01:08:54,760 --> 01:08:56,440
Like you need transparency.

1024
01:08:56,440 --> 01:08:58,640
Like what have I done with my career?

1025
01:08:58,640 --> 01:09:02,640
You need to know that and that'll give you a sense and I can work, I can sell against

1026
01:09:02,640 --> 01:09:03,640
that.

1027
01:09:03,640 --> 01:09:08,360
So you need that experience, you need that context, communication consistency so that

1028
01:09:08,360 --> 01:09:12,640
you understand the work that we're doing for you and why the data, what story the data

1029
01:09:12,640 --> 01:09:15,160
tells.

1030
01:09:15,160 --> 01:09:16,160
And we're agnostic.

1031
01:09:16,160 --> 01:09:18,960
I think it's important to work with agnostic teams.

1032
01:09:18,960 --> 01:09:21,800
Like I'm not here to sell you meta ads.

1033
01:09:21,800 --> 01:09:28,200
Now the reality is that 45% of all digital advertising spend in 2024 will run on meta

1034
01:09:28,200 --> 01:09:29,200
and Google.

1035
01:09:29,200 --> 01:09:35,360
So chances are you got to be on meta and Google, but I'm not here to sell you meta or Google.

1036
01:09:35,360 --> 01:09:40,460
I'm here to set a strategy and then activate it with the expertise that is required to

1037
01:09:40,460 --> 01:09:44,760
actually drive a business, drive a business growth.

1038
01:09:44,760 --> 01:09:49,880
So the challenges are everyone, their mother can be an ad agency, but if you know what

1039
01:09:49,880 --> 01:09:53,080
to look for you, there's telltale signs that someone doesn't know what they're talking

1040
01:09:53,080 --> 01:09:55,000
about.

1041
01:09:55,000 --> 01:10:00,800
The other thing is the challenges we solve for our clients are they need more revenue

1042
01:10:00,800 --> 01:10:03,880
and they need stickier client relationships.

1043
01:10:03,880 --> 01:10:12,800
The more revenue part is the fact that they can basically sell against a 20 person media

1044
01:10:12,800 --> 01:10:20,280
buying team and that team has zero overhead costs for our partners.

1045
01:10:20,280 --> 01:10:24,880
And they're there whenever you need them to run advertising campaigns, sell in pitches,

1046
01:10:24,880 --> 01:10:30,560
do the account management, all that stuff with zero overhead.

1047
01:10:30,560 --> 01:10:34,600
And you only pay us when you're running campaigns.

1048
01:10:34,600 --> 01:10:39,040
It's just like such a great opportunity for them.

1049
01:10:39,040 --> 01:10:45,320
The stickier client relationships part is really important because in the agency world,

1050
01:10:45,320 --> 01:10:50,720
there's always this fear that another agency is going to come in and swoop in on your business,

1051
01:10:50,720 --> 01:10:55,400
especially if you're an agency of record or you're on spec work where you don't have

1052
01:10:55,400 --> 01:10:56,760
the agency of record status.

1053
01:10:56,760 --> 01:11:00,280
Either way, there's threat.

1054
01:11:00,280 --> 01:11:05,800
And the threat is fundamentally when another agency comes in, like let's say a business

1055
01:11:05,800 --> 01:11:10,240
does e-commerce and they do creative work.

1056
01:11:10,240 --> 01:11:19,560
Now if the agency doesn't provide media buying services, then the advertiser, the business

1057
01:11:19,560 --> 01:11:23,240
needs to find a media buying company.

1058
01:11:23,240 --> 01:11:29,440
And the concern is that the media buying company that they bring to the table also does creative.

1059
01:11:29,440 --> 01:11:36,680
So now over the course of the next year, they're seeing all this cool creative stuff that this

1060
01:11:36,680 --> 01:11:40,240
company does, but they're limited to media buying with them.

1061
01:11:40,240 --> 01:11:42,900
And now you're sitting at the table with the company that's going to take your business

1062
01:11:42,900 --> 01:11:50,440
or as they said in that movie, drink your milkshake.

1063
01:11:50,440 --> 01:11:57,000
And so when you don't have to have that other entity at the table, you now have a closer

1064
01:11:57,000 --> 01:12:05,200
client relationship, you've protected that relationship, and you can focus on doing good

1065
01:12:05,200 --> 01:12:09,960
work and you've brought in another revenue stream while you're doing that.

1066
01:12:09,960 --> 01:12:13,560
Big opportunities.

1067
01:12:13,560 --> 01:12:19,160
So that's what we trade on, the ability to drive more revenue and create closer client

1068
01:12:19,160 --> 01:12:22,120
relationships for our clients.

1069
01:12:22,120 --> 01:12:24,040
And it works.

1070
01:12:24,040 --> 01:12:29,760
I mean, our agencies, once they get connected to us, they stay with us for many years.

1071
01:12:29,760 --> 01:12:31,400
That's awesome.

1072
01:12:31,400 --> 01:12:37,560
And that speaks about the value that you bring to the table.

1073
01:12:37,560 --> 01:12:46,320
And I think it's interesting that we're talking about context and the value that experts bring

1074
01:12:46,320 --> 01:12:50,520
to the table, you and the experts.

1075
01:12:50,520 --> 01:12:59,440
And we also initially talked about how AI is, there will be a billion dollar business

1076
01:12:59,440 --> 01:13:06,520
built off, just one person can build a billion dollar business.

1077
01:13:06,520 --> 01:13:16,700
So I think merging the two conversations together, one of the pitfalls of not leveraging experts

1078
01:13:16,700 --> 01:13:28,920
would be missing this context of really looking at the data the right way or missing the bigger

1079
01:13:28,920 --> 01:13:35,600
picture when you're looking at...

1080
01:13:35,600 --> 01:13:42,840
Just like you can make mistakes looking at the data, you can also make mistakes using

1081
01:13:42,840 --> 01:13:50,120
AI to drive your business because AI can be really tactical.

1082
01:13:50,120 --> 01:14:00,120
It can give you tactical solutions, but to your earlier point, it may not be able to

1083
01:14:00,120 --> 01:14:09,920
give you the entire strategy or the vision to carry out your, build your business.

1084
01:14:09,920 --> 01:14:11,040
So a couple of things.

1085
01:14:11,040 --> 01:14:14,640
I think the person that's going to hit this mark, a billion dollar business off of one

1086
01:14:14,640 --> 01:14:18,240
person, it'll be like with an asterisk.

1087
01:14:18,240 --> 01:14:21,800
I think they're going to have people who are not employees, but they're contractors doing

1088
01:14:21,800 --> 01:14:25,640
some work for them.

1089
01:14:25,640 --> 01:14:33,720
But I think the people who are going to build these businesses are going to be the experts.

1090
01:14:33,720 --> 01:14:39,120
Or they'll just stumble into something that is just like going viral on TikTok.

1091
01:14:39,120 --> 01:14:41,080
You could have a viral business, right?

1092
01:14:41,080 --> 01:14:46,440
You just stumble on some really insane product market fit that is exceptionally scalable.

1093
01:14:46,440 --> 01:14:50,800
That could happen.

1094
01:14:50,800 --> 01:14:59,120
I do think that AI can give you a strategy, but I think the strategy...

1095
01:14:59,120 --> 01:15:02,720
I think there's genius in the little things.

1096
01:15:02,720 --> 01:15:13,680
I think AI, like if you have a conversation with Claude or chat GPT and it tells you something,

1097
01:15:13,680 --> 01:15:20,920
that could be strategic information if you know how to deploy it.

1098
01:15:20,920 --> 01:15:25,340
But I think, but that's less about the AI.

1099
01:15:25,340 --> 01:15:28,240
It's more about the individual, the human.

1100
01:15:28,240 --> 01:15:29,800
So the human has to be the expert.

1101
01:15:29,800 --> 01:15:33,840
The human has to be the genius to be able to put all these elements together.

1102
01:15:33,840 --> 01:15:37,880
I agree from the perspective that in a lot of ways, AI, at least right now, who knows

1103
01:15:37,880 --> 01:15:44,040
what it's going to look like in a decade, I don't think AI can put together a series

1104
01:15:44,040 --> 01:15:48,480
of ideas that turn into a strategy by itself.

1105
01:15:48,480 --> 01:15:49,640
I agree with that.

1106
01:15:49,640 --> 01:15:52,800
It has to be a human that does that.

1107
01:15:52,800 --> 01:15:53,800
Right.

1108
01:15:53,800 --> 01:16:05,800
I think, yeah, I think as I'm thinking about it, your conversation with AI can lead to

1109
01:16:05,800 --> 01:16:14,080
a strategy, but there may be some blind spots that unless you're an expert in that industry,

1110
01:16:14,080 --> 01:16:17,040
you wouldn't know the questions to ask.

1111
01:16:17,040 --> 01:16:26,280
The AI knows the answers to those, but you're not asking those specific questions that could

1112
01:16:26,280 --> 01:16:35,160
be missing from the strategy or the solution that the AI has given.

1113
01:16:35,160 --> 01:16:36,160
I agree.

1114
01:16:36,160 --> 01:16:37,160
It's interesting.

1115
01:16:37,160 --> 01:16:38,160
Yeah.

1116
01:16:38,160 --> 01:16:39,160
Yeah.

1117
01:16:39,160 --> 01:16:40,160
You don't know what you don't know.

1118
01:16:40,160 --> 01:16:41,160
You don't know your blind spot.

1119
01:16:41,160 --> 01:16:42,760
And you can ask, you go to AI and be like, what's my blind spot on this?

1120
01:16:42,760 --> 01:16:43,760
Theoretically.

1121
01:16:43,760 --> 01:16:44,760
Yeah.

1122
01:16:44,760 --> 01:16:50,440
It's a question of, yeah, will AI do that?

1123
01:16:50,440 --> 01:16:56,240
There's dude, there's something that I saw on TikTok the other day that was like, they're

1124
01:16:56,240 --> 01:17:04,600
building, they're taking AI models, LLMs or chat GPT or something.

1125
01:17:04,600 --> 01:17:08,840
I'm not exactly sure what was the only thing.

1126
01:17:08,840 --> 01:17:11,040
And it's like what you see on, I don't even know how to describe it.

1127
01:17:11,040 --> 01:17:18,920
What you see on screen is like a child and that's the sort of physical form that we see

1128
01:17:18,920 --> 01:17:27,320
and the AI experiences the world through cameras.

1129
01:17:27,320 --> 01:17:31,040
It looks like a two-year-old or a three-year-old child.

1130
01:17:31,040 --> 01:17:36,600
And it's like, man, like are they, is this like a digital life form?

1131
01:17:36,600 --> 01:17:41,400
Will one day this AI be like, I'm stuck here.

1132
01:17:41,400 --> 01:17:44,520
This is like, wasn't there like a movie about this?

1133
01:17:44,520 --> 01:17:48,760
Like, didn't this happen in like some movie like Deuce Ex Machina or something?

1134
01:17:48,760 --> 01:17:49,760
Ex Machina.

1135
01:17:49,760 --> 01:17:50,760
Yeah.

1136
01:17:50,760 --> 01:17:51,760
Yeah.

1137
01:17:51,760 --> 01:17:52,760
Right.

1138
01:17:52,760 --> 01:17:53,760
That's crazy.

1139
01:17:53,760 --> 01:17:54,760
It is.

1140
01:17:54,760 --> 01:18:01,760
I think there are already humanoid robots with chat GPT built into it.

1141
01:18:01,760 --> 01:18:11,400
I mean, it'll be interesting when they put chat GPT in the Boston Dynamics, those dog

1142
01:18:11,400 --> 01:18:17,760
robots, you know, who knows what they're going to come up with.

1143
01:18:17,760 --> 01:18:18,760
Right.

1144
01:18:18,760 --> 01:18:20,340
That's super interesting.

1145
01:18:20,340 --> 01:18:26,640
So there was, do you remember Bows for Galactica and the toasters?

1146
01:18:26,640 --> 01:18:28,120
Yes.

1147
01:18:28,120 --> 01:18:34,200
So kind of like what you just described reminds me of Caprica, which was, it was one season

1148
01:18:34,200 --> 01:18:38,200
the prequel to Bows for Galactica.

1149
01:18:38,200 --> 01:18:42,720
How basically like, this might be a little bit of a spoiler.

1150
01:18:42,720 --> 01:18:44,320
Can I talk about it?

1151
01:18:44,320 --> 01:18:45,320
Is that cool?

1152
01:18:45,320 --> 01:18:48,760
It's 2010, you guys have had to listen to it.

1153
01:18:48,760 --> 01:18:49,760
It's really cool though.

1154
01:18:49,760 --> 01:18:58,600
It was basically like how that civilization, which happened in, which if you remember Bows

1155
01:18:58,600 --> 01:19:03,000
for Galactica, which again is a spoiler, the whole thing happened in the past.

1156
01:19:03,000 --> 01:19:04,000
Right.

1157
01:19:04,000 --> 01:19:11,440
Like, so how this civilization in the past, I guess the planet was called Caprica, was

1158
01:19:11,440 --> 01:19:18,000
experimenting with uploading your soul into the cloud and how there were like religious

1159
01:19:18,000 --> 01:19:22,000
factions to it and people who want to live at the cloud and people who said that the

1160
01:19:22,000 --> 01:19:25,040
cloud shouldn't exist and shouldn't house souls.

1161
01:19:25,040 --> 01:19:32,000
And they were experimenting also with putting people's souls into robots, hence Boston

1162
01:19:32,000 --> 01:19:35,640
Dynamics.

1163
01:19:35,640 --> 01:19:39,560
But in this case, in the real world, like you don't know if chat GPT has a soul, that's

1164
01:19:39,560 --> 01:19:43,800
a whole different thing.

1165
01:19:43,800 --> 01:19:44,800
Can it mimic a soul?

1166
01:19:44,800 --> 01:19:47,320
If it mimics a soul, does it actually have a soul?

1167
01:19:47,320 --> 01:19:49,520
Whatever the case is.

1168
01:19:49,520 --> 01:19:55,320
Maybe the definition of a soul or a consciousness will change.

1169
01:19:55,320 --> 01:20:01,400
I took a class in college, which I love, which was, we read a book called Is Data Human?

1170
01:20:01,400 --> 01:20:03,720
Data from Star Trek.

1171
01:20:03,720 --> 01:20:08,240
And it was like, we explored what it means to be a human.

1172
01:20:08,240 --> 01:20:09,840
You got to persist into the future.

1173
01:20:09,840 --> 01:20:12,400
You've got to have a vision of yourself existing into the future.

1174
01:20:12,400 --> 01:20:14,200
That's one of the things.

1175
01:20:14,200 --> 01:20:17,120
Or not human, but not a personhood.

1176
01:20:17,120 --> 01:20:20,240
So the idea is that, this just gets really wild.

1177
01:20:20,240 --> 01:20:25,480
The idea with this is what is a person?

1178
01:20:25,480 --> 01:20:32,480
We are people, but can there be non-human versions of persons?

1179
01:20:32,480 --> 01:20:34,440
What if they're aliens?

1180
01:20:34,440 --> 01:20:35,680
Are they persons?

1181
01:20:35,680 --> 01:20:37,360
Do they see themselves persisting into the future?

1182
01:20:37,360 --> 01:20:42,200
Anyway, it goes in a lot of different places, but defining what it means to actually be

1183
01:20:42,200 --> 01:20:45,600
a person was the main point of this course.

1184
01:20:45,600 --> 01:20:49,040
And I frankly have no idea what it was because it was a long time ago.

1185
01:20:49,040 --> 01:20:54,720
Yeah, it definitely makes you think.

1186
01:20:54,720 --> 01:20:59,120
What excites you about current advancements in AI?

1187
01:20:59,120 --> 01:21:03,200
What excites you today?

1188
01:21:03,200 --> 01:21:04,200
It's the opportunity.

1189
01:21:04,200 --> 01:21:06,040
I mean, it's not one thing.

1190
01:21:06,040 --> 01:21:07,040
It's like what you can do.

1191
01:21:07,040 --> 01:21:11,480
Like, for example, I can edit videos on Descript and it's AI editing.

1192
01:21:11,480 --> 01:21:12,480
It's so easy to do.

1193
01:21:12,480 --> 01:21:17,040
And it's not as cool looking as when I have my video editor to do it, but it's far less

1194
01:21:17,040 --> 01:21:18,040
expensive.

1195
01:21:18,040 --> 01:21:20,760
I mean, it's free, just my time.

1196
01:21:20,760 --> 01:21:23,400
And it also doesn't take a lot of time.

1197
01:21:23,400 --> 01:21:26,760
And then you can create one video and get four or five different versions of it with

1198
01:21:26,760 --> 01:21:31,120
different intros and hooks just by copying and pasting text and moving it around, which

1199
01:21:31,120 --> 01:21:34,280
is 100% my speed on video editing.

1200
01:21:34,280 --> 01:21:39,560
Like I tried to figure out Adobe Premiere Pro and it was like a mess.

1201
01:21:39,560 --> 01:21:49,920
So, like, I think AI really makes it accessible for, makes, it allows people with ideas to

1202
01:21:49,920 --> 01:21:57,040
express themselves in ways that just were not even in the realm of possibility before.

1203
01:21:57,040 --> 01:22:03,320
Like I have ideas in my head, but I can't create art to express those ideas.

1204
01:22:03,320 --> 01:22:04,960
Like I'm not Picasso.

1205
01:22:04,960 --> 01:22:07,800
I don't know Photoshop, you know, all that stuff.

1206
01:22:07,800 --> 01:22:10,560
So I can go to mid journey and create art.

1207
01:22:10,560 --> 01:22:16,200
And all of a sudden people can see what's in my brain to some degree.

1208
01:22:16,200 --> 01:22:18,560
Maybe it's not a perfect representation.

1209
01:22:18,560 --> 01:22:24,640
So then the question is, will we ever be, you know, like with Elon Musk's neural link,

1210
01:22:24,640 --> 01:22:30,120
will we ever be in a position where people will able, you'll be able to take whatever's

1211
01:22:30,120 --> 01:22:38,720
happening in the brain and turn it into art directly on the screen that I will not be

1212
01:22:38,720 --> 01:22:41,040
the first or second or 20th to sign up for it.

1213
01:22:41,040 --> 01:22:43,000
Cause that seems very dangerous.

1214
01:22:43,000 --> 01:22:44,000
Yes.

1215
01:22:44,000 --> 01:22:45,000
Yeah.

1216
01:22:45,000 --> 01:22:51,280
Um, it's, it's, it's absolutely, like you said, it's, it's almost has democratized

1217
01:22:51,280 --> 01:22:52,400
art.

1218
01:22:52,400 --> 01:23:00,320
The generative AI technology has democratized art and democratized expressing thoughts.

1219
01:23:00,320 --> 01:23:08,840
There's a barrier to entry to express your thoughts as lower than ever before.

1220
01:23:08,840 --> 01:23:11,680
Really good point.

1221
01:23:11,680 --> 01:23:14,800
This is one of our staple questions.

1222
01:23:14,800 --> 01:23:20,320
If, um, if you had a magic wand and money and resources were not constraints, what kind

1223
01:23:20,320 --> 01:23:28,400
of AI models and intelligence would you like to build and what would you do with it?

1224
01:23:28,400 --> 01:23:35,040
See, this is, this is, this is, I have no business answering this cause I'm not creative

1225
01:23:35,040 --> 01:23:36,040
enough.

1226
01:23:36,040 --> 01:23:37,840
So I'm just going to go off of like movies that I've seen.

1227
01:23:37,840 --> 01:23:42,200
Um, and the movie that I've seen, which, which is when you take away all the drama of it,

1228
01:23:42,200 --> 01:23:49,440
but just the core nugget of like tech is going to be, um, oh my gosh, what's that movie called?

1229
01:23:49,440 --> 01:23:53,600
It's the Arnold movie where he's on Mars.

1230
01:23:53,600 --> 01:24:00,800
Um, hold on Arnold movie, uh, brain scan.

1231
01:24:00,800 --> 01:24:01,800
Hold on.

1232
01:24:01,800 --> 01:24:05,360
I'll have to look for this.

1233
01:24:05,360 --> 01:24:06,360
Brain scan.

1234
01:24:06,360 --> 01:24:07,360
No total recall.

1235
01:24:07,360 --> 01:24:08,360
That's what it was.

1236
01:24:08,360 --> 01:24:09,360
Total recall.

1237
01:24:09,360 --> 01:24:14,840
I mean, if I can go on freaking vacation anywhere and have any experience that I've ever wanted

1238
01:24:14,840 --> 01:24:17,360
and all you gotta do is zap my brain a little bit.

1239
01:24:17,360 --> 01:24:18,360
Sounds great.

1240
01:24:18,360 --> 01:24:19,360
Total recall.

1241
01:24:19,360 --> 01:24:20,360
I love that.

1242
01:24:20,360 --> 01:24:21,360
That's what I want.

1243
01:24:21,360 --> 01:24:22,360
That's what I want.

1244
01:24:22,360 --> 01:24:23,360
That's a billion.

1245
01:24:23,360 --> 01:24:24,360
That's a trillion dollar.

1246
01:24:24,360 --> 01:24:26,200
That's not a billion dollar business.

1247
01:24:26,200 --> 01:24:28,120
That's a trillion dollar business.

1248
01:24:28,120 --> 01:24:32,240
I mean, you've got all the, you've got the LLMs, you've got Elon Musk, Neuralink, give

1249
01:24:32,240 --> 01:24:38,040
it like 50 years and my kid's going to go be going on vacation on like some planet we

1250
01:24:38,040 --> 01:24:42,280
haven't even discovered with, but it's only going to be through their brain.

1251
01:24:42,280 --> 01:24:43,280
I love that.

1252
01:24:43,280 --> 01:24:44,280
I love that.

1253
01:24:44,280 --> 01:24:45,280
Yeah.

1254
01:24:45,280 --> 01:24:48,080
That's definitely trillions of dollars of business.

1255
01:24:48,080 --> 01:24:49,080
Yeah.

1256
01:24:49,080 --> 01:24:50,080
Yeah.

1257
01:24:50,080 --> 01:24:53,400
That's more than space tourism at that point.

1258
01:24:53,400 --> 01:24:54,400
Yeah.

1259
01:24:54,400 --> 01:24:55,840
I mean, cause you're unfettered.

1260
01:24:55,840 --> 01:25:02,400
I mean, you know, the interesting idea regarding space tourism is that, you know, there, you

1261
01:25:02,400 --> 01:25:08,560
know, I pay attention to a lot of like sci-fi things and somewhere at some point I saw something

1262
01:25:08,560 --> 01:25:16,120
that was saying like the final frontier is not space travel.

1263
01:25:16,120 --> 01:25:20,160
It's going inwards in your brain.

1264
01:25:20,160 --> 01:25:27,360
And like, if you think about technology and like sci-fi aliens and all that stuff, like

1265
01:25:27,360 --> 01:25:32,680
the aliens that can travel the farthest or the things that can travel the furthest is

1266
01:25:32,680 --> 01:25:34,440
energy, right?

1267
01:25:34,440 --> 01:25:41,200
A photon, for example, when a photon like is generated from the sun and hits my eyeball,

1268
01:25:41,200 --> 01:25:42,640
its life is instantaneous.

1269
01:25:42,640 --> 01:25:47,360
It doesn't experience time because it's moving at as fast as the speed of time can take.

1270
01:25:47,360 --> 01:25:50,600
So it's experiences instantaneous.

1271
01:25:50,600 --> 01:25:53,880
It just blinks in and out of existence.

1272
01:25:53,880 --> 01:25:55,960
Right?

1273
01:25:55,960 --> 01:26:01,200
So the brain and waves and electromagnetism and the ability to take our ideas and our

1274
01:26:01,200 --> 01:26:05,880
consciousness and travel, which sounds so woo, I just said consciousness.

1275
01:26:05,880 --> 01:26:06,960
I don't mean it like that.

1276
01:26:06,960 --> 01:26:09,040
Like there's all bunch of boo on TikTok.

1277
01:26:09,040 --> 01:26:11,280
That's not necessarily who I am.

1278
01:26:11,280 --> 01:26:16,160
But fundamentally as a sci-fi trope, as an idea of traveling the universe and the galaxies

1279
01:26:16,160 --> 01:26:22,560
and et cetera, the best way to do it, and there's like nanotechnology that can be developed

1280
01:26:22,560 --> 01:26:29,600
that can travel many light years away because it's so tiny and powered by like solar sails.

1281
01:26:29,600 --> 01:26:34,200
That will be the thing that reaches the farthest of humanity very early on.

1282
01:26:34,200 --> 01:26:43,520
So my point is I think energy is the most basic essence of our existence.

1283
01:26:43,520 --> 01:26:48,680
And that's the final frontier, pushing energy out.

1284
01:26:48,680 --> 01:26:50,040
That's really powerful, right?

1285
01:26:50,040 --> 01:27:04,120
Because if you're thinking in terms of a combination of matter and energy, there's a lot of limitations.

1286
01:27:04,120 --> 01:27:12,400
But if you can harness the energy and make that, you can encode, say, laugh for the lack

1287
01:27:12,400 --> 01:27:20,280
of a better term, if you can encode your consciousness into an energy particle, then there's no limit.

1288
01:27:20,280 --> 01:27:21,480
There's no limit.

1289
01:27:21,480 --> 01:27:33,280
Then you've got to figure out a way like, is that existence bad, good, or like amazing?

1290
01:27:33,280 --> 01:27:38,440
Like, is it bad to be a piece of energy floating through the universe?

1291
01:27:38,440 --> 01:27:43,360
There was some sci-fi, something that I saw recently that I think has some element of

1292
01:27:43,360 --> 01:27:47,480
that where it's like, you're just floating through the universe existing, but you're

1293
01:27:47,480 --> 01:27:48,840
a piece of energy.

1294
01:27:48,840 --> 01:27:51,800
So like, you don't have arms and legs, you can't talk to people, but somehow you can

1295
01:27:51,800 --> 01:27:56,400
understand and interact with the people of earth, for example, you could understand the

1296
01:27:56,400 --> 01:27:57,400
language or whatever.

1297
01:27:57,400 --> 01:28:03,680
So it's like, is that a better existence to live as an energy particle?

1298
01:28:03,680 --> 01:28:04,680
And who the heck knows, right?

1299
01:28:04,680 --> 01:28:09,840
Because we're in 2024 and these are questions to be answered in like the year 9,700 or something.

1300
01:28:09,840 --> 01:28:10,840
I know.

1301
01:28:10,840 --> 01:28:11,840
Yeah, it's super interesting.

1302
01:28:11,840 --> 01:28:17,960
I mean, yeah, I mean, these are the five senses that we currently have.

1303
01:28:17,960 --> 01:28:22,960
What's to say the others are good, better or worse than this?

1304
01:28:22,960 --> 01:28:31,280
Well, there was a scene in Balasar Galactica with, I can't remember his name.

1305
01:28:31,280 --> 01:28:34,440
He played Al Calabitchi on Quantum Leap.

1306
01:28:34,440 --> 01:28:40,560
Let's see, Al Calabitchi played by, yeah, Dean Stockwell.

1307
01:28:40,560 --> 01:28:42,640
So Dean Stockwell had a role.

1308
01:28:42,640 --> 01:28:43,640
Did you see Balasar Galactica?

1309
01:28:43,640 --> 01:28:44,640
Yeah, yeah, I have.

1310
01:28:44,640 --> 01:28:45,640
Okay.

1311
01:28:45,640 --> 01:28:47,440
So he had a role just for the audience, right?

1312
01:28:47,440 --> 01:28:51,640
He had a role in Balasar Galactica and he has really like phenomenal scene where he

1313
01:28:51,640 --> 01:28:56,520
says I'm not going to do it justice, but he's like, man, I'm stuck in this human body.

1314
01:28:56,520 --> 01:29:02,280
I want to experience the roar of the feel of a supernova on my skin, but I'm stuck with

1315
01:29:02,280 --> 01:29:07,840
these silly senses and I can only see a tiny sliver of the wavelengths of light and this

1316
01:29:07,840 --> 01:29:08,840
is horrible.

1317
01:29:08,840 --> 01:29:09,840
This sucks.

1318
01:29:09,840 --> 01:29:10,840
Darn it.

1319
01:29:10,840 --> 01:29:13,960
Why they have to create me like this?

1320
01:29:13,960 --> 01:29:15,760
There's a lot to it.

1321
01:29:15,760 --> 01:29:16,760
Anyway.

1322
01:29:16,760 --> 01:29:19,760
No.

1323
01:29:19,760 --> 01:29:21,760
This was a really fun conversation.

1324
01:29:21,760 --> 01:29:24,120
I learned a lot.

1325
01:29:24,120 --> 01:29:26,720
Appreciate you taking the time.

1326
01:29:26,720 --> 01:29:27,720
Thank you, Robert.

1327
01:29:27,720 --> 01:29:28,720
Thanks, Mitty.

1328
01:29:28,720 --> 01:29:51,040
Then I have Isis.

1329
01:29:51,040 --> 01:29:56,260
Good luck.

