My First Million #38 - Truth about ad agencies with Brendan Gahan + Brainstorming with Daniel Gross
54 snips
Jan 26, 2020 
Brendan Gahan, founder of an 8-figure ad agency, shares insights on the evolution of influencer marketing and the importance of specialization in a rapidly changing advertising landscape. He emphasizes how smaller, digital-focused firms are reshaping the industry. Daniel Gross, founder of Pioneer, discusses his journey from Apple to investing in unicorn startups, underlining the value of experiential learning and recognizing market gaps. Their conversation touches on the challenges of modern communication tools and the quest for better networking solutions.
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Agency as a Starting Point
- Many college graduates start agencies as a way to make money while learning.
- Consider starting an agency to gain experience and income.
Agency Business Model
- VaynerMedia's success shows agencies can be profitable and valuable.
- However, agency business models aren't widely understood.
Understanding Agency Models
- Shaan Puri understands software and restaurant models, but not agencies.
- He asks Brendan Gahan to explain agency models, starting with his early experiences.
