Late Checkout - Creator Spotlight: Doug DeMuro
You’re going to want to listen to today’s podcast. It’s with Chris Josephs who is a master of memes. He is behind popular meme accounts like the Nancy Pelosi tracker and created a top finance app thanks to memes. Its a tactical discussion on how to build major buzz using memes for your product. You can listen over here —> YouTube, Spotify, Apple. This is a new monthly series I’m starting called Creator Spotlight, where I showcase a creator who’s building awesome communities & products once a month. You’ll be able to take away insights to supercharge your own audiences and products. This month, it’s Doug DeMuro. Doug is a YouTuber in the automotive space—with 4.5 million YouTube subscribers. He used his audience to create Cars & Bids a car auction website that’s been a roaring rocketship: 10,000+ auctions completed, $230M+ value of cars sold, over 300k registered members. This week, he just snagged $37M from The Chernin Group to fund it. Pretty bonkers. He’s the perfect example of how creators can develop successful products for their community and move off the creator treadmill. More context on Doug: He’s instantly recognizable. A high pitched voice, quintessential dad vibes, and a clear, excitable authenticity around his obsession with cars. You wouldn’t recognize him on the street — no chiseled jawline or fashionable clothes. He looks nothing like George Clooney. Comments on his videos refer to him as the “most punchable face on the internet.” He’s authentic, in the same way Gary Vaynerchuk was when he produced Wine Library TV in the late 2000s. Gary created content around wine that was approachable and interesting in an era where wine content was stuffy and uninteresting. Doug is employing a similar approach but for cars. Being unique or “off” is a cheat code on the internet in 2023, and Doug is taking full advantage. On the surface, Doug’s content may seem like any other car YouTuber — reviewing cars, talking about the market and auto industry at large… but what he’s been able to accomplish from YouTube exists far beyond the play button. I wrote about the ACP funnel last month, and Doug’s living it. With such a big audience, his content has become a staple of the modern era car community. But instead of following the traditional YouTube creator model — Adsense + getting Ford to sponsor your videos with a 30 second ad read — he created the exact product his community needed: A digital marketplace for his community to buy and sell cool modern cars, trucks, and SUVs called Cars & Bids. Social networks and marketplaces are go-to digital products to build for creators. Who knows more about cool modern cars than Doug? His community has already spent hours consuming his content. They trust Doug and his opinions on fun cars — and now they have a place to buy them. This is especially important in car buying because it’s littered with untrustworthy used car salesmen. If I wanted to buy a slick 1996 SAAB 900 Cabrio, I could
Doug took the path less traveled for creators by building a startup. It’s impressive because the auto-industry spends $5-6B/year on advertising. These car companies have deep pockets and could pay Doug lots of money to say nice things about their vehicles. But he doesn’t care. He will talk crap about any automaker if their models don’t earn a high Doug Score. Conversely, a fan of Doug’s will love to see his take on different cars — especially those he hasn’t done a full review of — like this classic Toyota Land Cruiser. Cars and Bids is probably working out for Doug much better than any brand deal would. Let’s say his site takes 4.5% of any purchase — if over $230M in cars have been sold on the platform, Cars and Bids has brought in at least $10+ million of revenue and the asset is worth a cool 9 figures. The best part? The people who buy cars from Cars and Bids become even more Doug fanatics. This drives more word-of-mouth about Doug and his ecosystem. This is the magic of ACP. Doug has parlayed his enthusiasm for modern cars into a digital community of car lovers and a multi-million dollar vehicle marketplace. He is the ACP funnel in full magical effect. Be well, Greg Isenberg (I’m getting more active on Instagram and TikTok) P.S: If you want to work with me, you should email me. My design agency designs the world’s greatest ACP products and we work with 1 new cool company a month. Shoot me an email greg.isenberg@latecheckout.studio or reply to this Substack If this post gave you an ounce of value: Late Checkout - a Substack by Greg Isenberg is free today. But if you enjoyed this post, you can tell Late Checkout - a Substack by Greg Isenberg that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
Older messages
The App Store is becoming the Game Store
Thursday, January 26, 2023
New podcast episode is out today with Brent Beshore. He shares his secrets to buying micro-equity businesses and how to become a solid capital allocator. It's something I'm trying to get better
The Framework to Find Traction for your Product
Friday, January 20, 2023
The #1 way to support this newsletter is to subscribe, share it and listen to my podcast of the week. I interviewed Sahil Lavingia (CEO of Gumroad) about opportunities in AI, tech and his POV on life.
Audiences versus communities
Friday, January 20, 2023
New podcast episode is out with world-class writers, Dickie Bush and Nicolas Cole. This is what my editor Arie said of the episode. I made her proud. You'll come out of the episode with tactical
My predictions for 2023
Thursday, January 5, 2023
We've officially landed in 2023. And I want to start 2023 by making predictions about how the internet, the rise of AI, ecommerce, social apps and platforms will look this year. The goal? To bring
Creating products that stick (and how to do it)
Wednesday, September 28, 2022
The one product framework you need today
You Might Also Like
Open Your Mouth & Give The Phone To Granny ☎️
Tuesday, December 3, 2024
A cheery weekend number͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🗞 What's New: Bluesky might be your next website traffic goldmine
Tuesday, December 3, 2024
Also: ChatGPT often gets news sources wrong ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
5 tools I used to grow Starter Story to $1M
Tuesday, December 3, 2024
Read time: 47 sec. “What tools do you use to build your business?” ^^^ I get this question all the time. So today, I'm finally spilling the tea: The 5 essential tools I used to grow Starter Story
just announced: The 2024 Digital Health 50
Tuesday, December 3, 2024
meet the 50 most promising digital health companies across the globe, and learn how they're shaping the future of healthcare. Hi there, Our analyst has unveiled the 2024 Digital Health 50 – the
BSSA #110 - Why, What and How to track your data?
Tuesday, December 3, 2024
December 03, 2024 | Read Online Hello! I hope your Black Friday was good for your app. We're in December, for my app (and many others) December isn't usually the best month (I hope it's not
[CEI] Chrome Extension Ideas #168
Tuesday, December 3, 2024
ideas for developers, twitter, movies, and events ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
A personal note on SaaS & sleepless nights
Tuesday, December 3, 2024
Starting a SaaS is tough. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Growth Newsletter #228
Tuesday, December 3, 2024
Why you buy sh*t you don't need ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
How GiveDirectly increased donations by over $3 million/year through experimentation
Tuesday, December 3, 2024
Wins, misses, and lessons from GiveDirectly's donation-optimizing journey ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
1K users/week = $12M ARR
Tuesday, December 3, 2024
This job marketplace took a different approach ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏