Issue 024: The One Strategy Dropbox, Nerdwallet & MVMT Followed to Find Success, Battle-tested SEO Advice and More

We also discuss how to collect convincing client testimonials and whether brand marketing is a waste of resources.
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February 26, 2025 | #024 | Free Version

Hi friend and happy Wednesday!

Welcome to Startup Blitz, a weekly newsletter full of timeless ideas and insights you can use in your online business.

This week, we discuss –

👑 The one strategy Dropbox, NerdWallet & MVMT followed to find success

🤝 How to collect killer client testimonials

📈 Four battle-tested SEO strategies
📢 Is brand marketing worth the effort?

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How Many Growth Channels Does Your Startup Really Need?

With so many social media platforms and growth channels, startup founders often think they need to do everything at once. But that’s not true.
According to Jonathan Martinez, former marketing lead at Uber and Coinbase, you only need one growth channel to build a successful startup.
Take Dropbox, for example. In its early days, the company was doubling users every three months. In just 2 years, they gained 4+ million users.
They did it primarily with referrals. Users got 500MB of free storage for signing up and another 500MB for every friend they invited.
Fintech company NerdWallet didn’t have the budget for ads. So they decided to focus on SEO.
They started producing 500 pieces of content per month. This has led to over 30,000 indexed pages on search engines, 55 million monthly visitors and $687M in revenue in 2024.

MVMT is a direct-to-consumer watch brand. They sent free watches to content creators in exchange for social posts.

Most of their sales came from these posts. The company grew so fast, the founders sold the company for $100 million after just 5 years.

Martinez himself grew his startup, Berry Virtual, to $3.5M ARR using only Meta ads.

If you want to succeed with your startup, you don’t need to dominate every platform. Just find one that works for you and scale it.
But you won’t discover your best growth channel overnight. You need to explore various strategies and scale the one that shows promise.
Martinez suggests an 8-month timeline:

Months 1–2: Test 3–5 major channels

Months 3–4: Focus on your top two channels

Months 5–8: Go all-in on your best performer

Patience is key here. Test different strategies, gather data, and double down on what works.

Want to learn more? Check out Jonathan Martinez’s full post (and subscribe to his newsletter).

Most Startup SEO Advice is Useless - Here’s Some Battle-Tested Tips

There’s no shortage of SEO advice online. But most of it is generic and doesn’t help you rank or build a strategy.
Andy Vandervell from PostHog recently shared some non-obvious SEO strategies. It’s based on his experience helping PostHog grow to tens of millions in revenue.
Here are a few highlights:

1. Yes, You Still Need SEO

With the rise of AI, many question if SEO is still worth the effort. Will people keep using Google?
But here’s the thing. People have been predicting the death of SEO for years. It’s still not dead. And Google still handles 90% of all searches.
Plus, AI models need data to train. You want them to use your data, not your competitors’.

2. Start with Defensive SEO

When potential customers search for the “best tools” in your category or comparisons between you and competitors, you want your website to show up first.
You don’t want your competitors to control the narrative.
But don’t be overly salesy. Vandervell suggests talking about how you are different. Not how you’re better.

3. Target Low-Volume Problem Keywords

PostHog recently published an article targeting the keyword “electron analytics.” According to Ahrefs, it gets approximately 30 searches a month and has a 0/100 difficulty score.
PostHog is getting five unique visitors per day on that page. That’s 1,850 visitors a year.

Imagine having 100 pages like this. You’d get 185,000 visitors per year. That’s 185,000 people with problems your product can solve.

There is no shortage of problems people search for out there. Find the ones your products can help solve and create contents around them.

4. Is Your Content Actually Great?

Many people complain that their “great” content doesn’t rank. But most of the time, their content isn’t really great. It’s boring and unoriginal.
To stand out, go beyond explaining things. AI can do that.
Instead, share your opinion and make a recommendation. Back it up with real evidence. Create content you’d proudly share with friends.

Vandervell shares six more tips in his full article. But we’re out of space here. You can read the full article to learn how to take your SEO strategy to the next level.

Is Brand Marketing Worth the Effort for Startups?

Every company wants to build a strong, recognizable brand. But is brand marketing actually worth the time and money?

According to venture capitalist Andrew Chen, the answer is no.

“Brand marketing is mostly useless for consumer startups. Startups build a great brand by being successful, finding product market fit and scaling traction, etc. But it’s not a real lever. Let’s not mix up correlation with causation!” writes Chen.
He warns that agencies, consultants, and service providers push brand marketing because it benefits them. Not because it drives real results for startups. “Early startups should opt out of all of this,” he says.
Media coverage, speaking engagements, and PR buzz feel exciting. But it rarely translates into meaningful customer acquisition.
“Anyone who’s been on the homepage of TechCrunch, AngelList, Hacker News, or even in the NYTimes knows that it’s a increase to your dopamine but not so much your customer acquisition 🙂 It’s great for the early days, but you need a lot more to scale.”
And becoming a well-known brand doesn’t necessarily make customer acquisition cheaper.
“If brand marketing helps make acquisition ultimately cheaper, then why does every startup’s paid acquisition become less efficient over time, even as the company becomes more well known? The same arguments apply to startups’ re-engagement efforts.”
For early-stage consumer startups, the priority should be on the basics:
  • Find product-market fit
  • Scale through performance channels
  • Monetize

Only then focus on brand marketing.

📖 Book of the Week: You Are The Brand by Mike Kim

This week, I want to highlight You Are The Brand by Mike Kim.

In this book, the author shares how to build a thriving business around your personal brand.

One thing I want to share from the book is Mike’s strategy to collect killer client testimonials. The kind of testimonials that instantly build trust and confidence with your target audience and make them more comfortable purchasing from you.
Here’s how:
“All too often, a client testimonial will sound more like a character reference than something that showcases the results you help someone achieve. “Mike is a great guy! We highly recommend him!” are nice words, but they do very little for business. There are no specific results mentioned or details on how results were achieved.
“While your clients mean well, it’s also likely that most are:
  • Too busy to give deep thought to writing a testimonial or
  • Sub-par writers.
“To help collect better client testimonials, I use half-sentences that lead the client down a specific train of thought and bake in the inciting incident. This ensures the responses are based on results and keeps the client from feeling bogged down by heavy writing.
“I recommend creating a simple “testimonial intake form” either online or as a PDF sent via email with the following sentences. Once your client fills in the answers, the natural flow of the sentences allows you to craft a client case study that you can post on your website or use in other marketing materials.
1. Half-sentence on your background: “I am the [title or position] of [organization or company], a company that [what your business is or does]…”
2. Half-sentence on the issue(s) leading you to work with me: “We were overloaded with ideas and needed a roadmap for where we were going…”
3. Half-sentence on reservations about hiring an outside consultant: “We didn’t know what to expect and never worked with a consultant on such a critical issue…”

4. Half-sentence on thoughts about how I did things: “Mike was prompt, always professional, came through for late-night unexpected needs, etc.…”

5. Half-sentence on results from the consultation: “Within a few months, we had a clear marketing strategy on how to launch our product…”
6. Half-sentence on your recommendation: “We absolutely recommend Mike to organizations that need to [your thoughts]…”
“Feel free to take and tweak these for your own use. Keep in mind that even if you have a testimonial intake form, it may be difficult to secure testimonials. There are three other alternatives:

1. You can interview your client on a call and lead her through these questions to get the testimonial.

2. You can answer the questions for the client on their behalf and have them approve it.

3. You can take a comment they’ve mentioned about you somewhere online or via email and ask if you can use that as a testimonial.”

Thanks for reading. I hope you have found at least some of these tips helpful.

Until next week!

Sayed Bin Habib

Co-Founder, Startup Blitz

Follow me on LinkedIn / Website

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