Hypergrowth Marketing Playbook: The OpenAI Case Study Part 1
Most marketers struggle to get awareness and leads, but lucky marketers in hypergrowth face different challenges. OpenAI is one such company in one such market. This is a three-part blog where I detail drivers of hypergrowth across the market, marketing, and expansion.?
Riding the Mega-Market Tsunami: Why Timing is Everything
Most hypergrowth companies are capitalizing on a substantial market change: Apple the shift to mobile phones, Amazon the shift to online ordering, AWS the shift to cloud-as-a-service, Zoom the shift to work-from-home, and Atlassian, the shift to Agile development and new ways of team collaboration. When a mega-trend massively shifts behavior, a company can grow massively in excess of its own efforts. They surf the wave instead of trying to create waves (like the rest of us). Despite our wildest dreams, it is nearly impossible for marketing to CREATE a market tsunami.
The First Mover Advantage: Hard to Catch if They Execute Well
In the case of OpenAI specifically, their launch, early popularity, and first-mover advantage are substantial. It became one of the fastest products in history to reach 1M users (5 days) and 100M users (2 months). Sam Altman has become the almost-official spokesperson for all of AI. Few can compete with his personal 3 Million followers on X. OpenAI itself has 3.7 M followers on X, 2M on Reddit, 1.3M on Instagram, and more than 100M downloads on Google play.
Netflix had this advantage, making it hard for even the deep-pocketed Amazon Prime or Hulu to catch them. Tesla had the first-mover, as did Amazon. If the first-to-market executes well, it’s difficult to catch them. But they must execute well - Facebook famously overtook Myspace.
Beyond the Hype: Why Product Excellence is Non-Negotiable
But having a fantastic market and being first to market isn’t enough. Marketing is an amazing megaphone that amplifies a company’s success. But behind real hypergrowth is a product or customer experience that’s innovative and fantastic...
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Read the rest of the article at carilu.com including specific investment strategiees from Atlassian, partnership and distribution strategies and more.
This is part of a 3-series blog. Tomorrow I will publish Part2 -
And then, part 3:?
See you tomorrow!
Sr. Marketing Executive | General Manager | Growth Accelerator | GtM Leader | B2B & B2C SaaS | Market Creator | Disruptive Digital Transformation | Fintech & HealthTech, Gen AI | Global Team Leader | Keynote Speaker
2 周Thanks for the post. Look forward to reading this 3-part blog. Yes TAM n macro factor needs to exist but I do think marketing can create vitality driving hyper growth.
Founder and CEO of Zenara Media | Ex-Publicis Communications
2 周The foundations before marketing really make or break it. Great insights!
Growth & Marketing Consultant. Scaling startups & scaleups profitably.
2 周Thanks for highlighting the relevance of context and the likely role of advertising: amplifying trends. I’d add pricing meeting demand expectations, but that might come in part 3?