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Ron Lynch

๐Ÿ‘ค Speaker
159 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

Uh, and that's why Nick created it.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

He was a surfer and he wanted to take pictures of himself.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

And he started out by using those disposable Kodak cameras and getting them soaking wet.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

And that was not very functional.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

So he, he, he kind of gaffed this product together.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

Um, he had, he was fortunate enough to have a family member who was in the venture capital business, um, who had raised, who had raised some money for him.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

So they raised, I think, about six, eight million dollars.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

And they rarely tapped into that money.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

In fact, that fund, I think, was still together right up until when they did their IPO last year.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

So we started by strategizing for a half an hour infomercial.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

Because we knew we could tell the story of the product in a half an hour and show all the different applicable sports.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

And we did strategy documents and...

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

kind of figured out the sale.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

What we knew about the sale of the product, what we figured out really early on was that the key was everybody in that field was racing to the top with sports footage.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

And most people think of sports footage when they think of GoPro.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

And sports footage is a perspective footage from the user, from the bike rider, from the skier, from the snowboarder, kind of down the hill, down the mountain kind of footage.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

But we realized, you know, that's not going to propagate this camera because it's just action footage.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

And you can't really tell what it is or there's no real benefit to the user.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

So we flipped the camera around twice in every segment that we were getting ready to shoot.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

Yeah.