23:33 So I'd love to hear the why behind not investing in that type of role and where are you shifting investment instead in order to build pipeline?
23:46 Yeah, it's interesting. So the STR team was gone before I arrived here. And in my previous role, we had STRs and then we didn't, we kind of went back and forth.
24:00 Sort of what I said before, for our business, domain expertise and relationships are key, right? One thing I tell my team is I want to be your best STR, right? To the degree that I am going to every conference, to the degree that theoretically I have a good network.
24:15 On the team and that I talk to a lot of different folks right across accounts. I want to be your best STR, right? I tell my team, ideally, my leads get you to half your number, you are responsible for the other half.
24:28 Not to say there isn't work on that one half, but like I want to be accountable to that. And we do generate most of our leads from conferences and through consulting and channel partners.
24:40 Interestingly, like we have a specialized cell and we have a clearly defined ICP. So I think we would have to vastly expand our total addressable market if we wanted to bring in STRs, right?
24:54 Like if we started to say, I am going to sell to enterprises and just by way of background, like most of our clients are other ad tech companies, data companies, agencies, right? Like a pretty publishers, right? A pretty clearly defined set of folks in ad tech and martech.
25:11 But I think we would have to go to brands and a much larger B2B sales motion to justify having a team that did that.
25:22 Now, for what it's worth, we also have nobody in marketing right now. I'm not sure that's the best plan long term. And we haven't all year, right? But for instance, we just redid our website and our CEO and head of solutions did most of the heavy lifting we've had consultants come through.
25:38 It does show in the short term that like at least year over year, right? Demand Gen didn't suffer. We grew. We grew new business year over year without a marketing department. And it allowed us to invest more heavily in solutions and sales resourcing, which I think ultimately is what's going to get us new business in the short term.
26:00 But, you know, we're a series a company. If we continue to grow, we're going to need some of these things like we're going to need a sales operations department. We're definitely going to need a marketing department.
26:11 Some folks would say yesterday, right? And so I think the jury's still out on SDRs in total, but it's tough. They were really effective during COVID when people were moving digitally, but I just get hammered all day long, personally.
26:29 And personally, I've gotten to the point where I'm trying to like tune out emails, LinkedIn messages, phone calls, right?
26:38 Yeah. I mean, I have a fortunate enough to have a EA and she filters all of those. So when I log into my inbox, both on LinkedIn and in my email, she only tags the things that I need to see.
26:53 So I don't, those don't, I don't even see the subject line or like get the eyeball. So you got to get through Paulette before it even gets to, gets to me anyway.
27:02 But I think the volume and the noise has just gotten completely out of control. And it feels like the only way is to kind of the old school is the new school again, events, relationships.
27:19 I have seen content being very effective as well. If it resonates good content, not slop content, but those are the ways and all those require a lot of effort too.
27:33 Yeah. Partially the prevalence of slop is further highlighting good content and curation of that content, right?
27:42 Go deeper on that.
27:43 So journalism in general is under fire right now, right? And I think we all know that. But for instance, in our industry, the main in programmatic advertising, the main kind of independent folks in journalism focused on the industry are names like DigiDay, AdExchanger, Adweek, etc.
28:05 Those are still important brands and a really good article still rises to the top.
28:11 Historically, they've run a lot of the events, but I remember in 2018, I would get into the office. The first thing I would do is look at the homepage of AdExchanger to see what's going on.
28:21 And I don't do that anymore.
28:23 There are a couple groups within the industry of mostly veterans who are now either you can call them journalists or events companies, and they curate specific newsletter content, Twitter feeds, things like that. And that is what I pay attention to.
28:40 It lands in my inbox, and I trust those people and I know where it's coming from, and it's already kind of pre curated to the right content and I don't have to sift through, you know, all this other stuff.
28:53 I love that. And so, if I'm hearing you right, because the volume of content, the amount of slop, the amount of stuff you have to sift through has increased so much people are just not even looking in the sea of madness.
29:07 You're going back to some type of trusted source that's curating the good stuff out of the slop which gets it more eyeballs anyway. Yeah.
29:17 Yeah. And I mean, my own media consumption habits right like I listened to podcasts that's where I get most of my news for better for worse that in Instagram, it sounds terrible to say.
29:29 I think I'll follow the same thing. Then the like little headlines box on LinkedIn and it's like, if it's not that my wife, my wife is really good she'll still read the New York Times we still have a New York Times subscription, right.
29:41 But again, like the article has to jump beyond the publication in order for it to get to me at this point, either from somebody sending it or me seeing it on one of the aggregation layers that I pay attention to.
29:58 Where do you think this trend is going? Is it is anything going to change in the next couple years? You think it's going to continue to go that route? Are we going to find new authorities that have equal clout to what New York Times used to be?
30:12 What is it going to look like?
30:14 That's what I mean. It's a big question. I for a long time in my industry and the companies I've worked for, I felt really good about the part of my job that ultimately supported independent journalism and making the internet free.
30:33 And I felt really good about investing in the open web and having that be kind of the bastion in which I lived and the really dynamic ecosystem that we are in.
30:44 Since like into the 2020s and increasingly and now, especially with AI, not only are Google and Amazon and Facebook, for better or for worse, taking increasing amounts of market share of this ecosystem.
31:03 The ecosystem in general is just shrinking because folks are just browsing less, right? We see all that.
31:10 Even kind of the big wave right now in independent ad tech and more tech and sort of why I went, one of my theses around going from advertising to the data infrastructure and cloud side is that as things were moving to streaming television, that's been a big win.
31:28 Home's been a big win. Retail media has been a big win, but it's sort of like long form content in general is under fire, right? Because I think the number right now is broadcast media, believe it or not, is still like 130 billion a year and streaming media is about 35 billion or 40 billion a year.
31:46 I just saw these numbers last week at Adweek. When you look at the dollars decreasing percentage wise from broadcast, they are not showing up one to one on streaming. It's like 50 cents on the dollar.
31:58 So that means those dollars are either not being spent or they're being spent in emerging channels, AI, podcasting, social, you know, you name it.
32:09 But I think, and we see it in the M&A activity in the media space too, like content production is getting much more consolidated, media is being much more consolidated, just kind of all those old, you know, that vibrant ecosystem is really being squeezed.
32:30 And, you know, I'm part of the problem, so to speak, because I'm not consuming it either. Like I still, I cut cable last year, but I still belong to most of the streaming services, but I really don't watch them that much.
32:43 Like on a per hour basis, I don't watch them. And I probably should start cutting some of them when I'm not watching them because it adds up.
32:54 Yeah. They always get you with like one show, like HBO. I'm like, okay, House of Dragon, let me sign up. And then I don't watch anything for the next six months.
33:04 Yeah. Apple TV in particular will sign up for like two months and then cancel. Right. Netflix, I've been a member for a long time. Disney Plus because I have kids.
33:16 HBO. Gold. I think Disney Plus, that would be the last one we would rip out. I also have kids, but also just the quality, like every amazing Disney movie ever, you can watch it anytime and they're doing a great job, I think.
33:33 Yeah. And Disney's done well by consolidating Hulu and ESPN as well. I think HBO historically for the last twenty five years or longer has been like the gold standard of content. Right.
33:49 And I think they had a lifeline getting Discovery on there so I can watch TNT games for the NBA, things like that. I think merging. I've never signed up for Paramount Plus. I've wanted to watch some of the shows, but not enough to add another streaming service.
34:03 So I think consolidating that will help. It's interesting. Netflix is the one where I've really like hour by hour, my streaming consumption has gone down dramatically from, say, twenty twenty.
34:14 I'm kind of just realizing that as we're having this conversation, but I don't know. Maybe we cancel Netflix. We'll see. We heard it here.
34:22 Maybe. And not to go too deep on this, but I do feel like maybe I'm just older now, but I kind of feel like the same movies, same shows are just being regurgitated with new characters and slightly different thing.
34:38 I'm like, I feel like I've seen this exact movie a hundred times or this exact series a hundred times and it's not as exciting.
34:47 I don't know. Just I think maybe just the volume has gone up so much. It's like I've already seen it all. So it's not fun anymore. And I worry the golden age of content is ending. Right.
34:57 Either folks are going to use a lot more and maybe it's good. I mean, there is some good stuff out there or like, certainly the volume will go down the beginning of the streaming wars.
35:08 There was way too much content and it was way overspent versus the revenue right now the revenue is coming, but they're almost like overcorrecting.
35:17 So we'll see. And I'm again part of the problem, but I have to say platforms like Instagram, the algorithm do a really good job serving short form content that is generally pretty good.
35:32 And along with my algo and, you know, much like I've group texts with my college friends or my high school friends, like random groups of group thread texts on Instagram. And like it's not maybe the healthiest interaction.
35:50 Like I would never replace that with my in real life life, but I get I get genuine laughs out of it. You know, and and it's a fun way to keep in touch with people.
36:00 Yeah, even my wife and I are always shooting each other reels back and forth. And it's just like my wife finally got off Instagram, but I text her all the reels, which she can watch, I guess.
36:11 I know sometimes, depending on whatever industry you're in, it's kind of like you're trying to predict the future, open up your crystal ball, make some choices, make some decisions.
36:21 I think one of the things we talked about that every executive struggles with. And if you haven't been in that seat, then you might not know what this feels like, but you have to make decisions and calls with lack of data.
36:39 Everybody says like, oh, I'm a data driven CMO, I'm a data driven Sierra, blah, blah, blah, blah. That's fine. But usually you don't even have half the data you really need to make a really good decision.
36:51 But you have to make a call anyway. How have you navigated that in the past and in your new role?
36:57 I both say I'm a data driven person and usually end up going with my gut. So two things can be true at once.
37:09 We live in this world of data proliferation. And increasingly, I am trying to use data and synthesize it, especially with AI in a way that's helpful to my job.
37:22 I can't remember if I talked about our sales debt yet, but, you know, we use green. We use a company called Sales Intel on the front end to get sort of like prospecting information and technographic information, et cetera.
37:34 And then HubSpot is our CRM, right? And LinkedIn navigator because you kind of have to.
37:39 So I will sort of use all those tools with AI as much as I can to get the background information. But ultimately, the decisioning engine is me.
37:51 Again, sort of my approach to AI holistically is like it can do research for you. It can help you edit.
37:59 But the actual story and the decision making and the pre-planning at this point should be done by a human because otherwise it's like, what are we even there for?
38:12 Right. And maybe we get to a point where, you know, with true AGI, the adage I like is like, AGI is supposed to be as smart as a human, but it's like, which human, right?
38:24 It's a pretty big range, right? But there are some folks who I think are amazing at this. And if AGI got there, that would be great.
38:34 But at this point, I think it's really important that the strategy and the ultimate decision making is done by the human side, even if some of the pre-planning and research and the editing is done with AI.