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Growth Newsletter: https://levelingup.beehiiv.com/subscribeNeed marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/Want to recruit great marketers? Find them here: https://marketingschool.io/hireNew Ramp data says 80% of OpenAI and Anthropic's enterprise revenue comes from 1% of their customers, a concentration risk unseen in any other software category. Eric and Neil dig into what that means for the AI trade and for every company betting on it. Then Tomasz Tunguz's five-year writing data: AI didn't reduce his editing, it raised the quality floor, and the weakest posts gained twice as much as the strongest. Plus ICONIQ's headcount report (the 100%+ growers added 133% more headcount while the 50-100% band cut hiring almost in half), YC's product-market-fit data on user conversations, and a detour into foldable phones. Key takeaways◾1% of customers drive 80% of OpenAI and Anthropic's enterprise revenue. That's the risk◾AI raises the floor of your work, it doesn't shrink the effort◾10

Growth Newsletter: https://levelingup.beehiiv.com/subscribeNeed marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/Want to recruit great marketers? Find them here: https://marketingschool.io/hireEric introduces the new AEO: Autonomous Engine Optimization, the AI harness Nick Eubanks used to grow a 12-week-old website, and why every sales call and customer conversation inside your company is a page waiting to be published. Then the self-improving product has arrived: Amplitude's Wave agent found its own problems and shipped fixes worth +160% engagement and a 6% to 9% onboarding lift. Eric and Neil also pick apart OpenAI's GPT-6 Astra launch, the five things that took Andrew Warner's new YouTube channel to 937,000 views in a month, how B2B buyers now find agencies through Claude, and why the best salespeople sell like doctors. Key takeaways◾AEO now means autonomous: content creates, drafts and ships itself with a human in the loop◾Self-improving products are live: Wave found and fixe

Growth Newsletter: https://levelingup.beehiiv.com/subscribeNeed marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/Want to recruit great marketers? Find them here: https://marketingschool.io/hireEric came back from a founder retreat with a hard truth: the AI hackathons and training programs everyone planned in January didn't work, and the companies pulling ahead just raised the talent bar. He walks through the GitHub leaderboard that shows who's actually shipping, why one 200-engineer company is keeping only its top 40, and Neil's long-held view that you can't train mindset. Then the sycophancy trap: why ChatGPT agrees with whatever you feed it, what Neil found when he ran a real recommendation test across an accounting firm, and why most executives still don't understand how these models work. Key takeaways◾You can't train mindset. Raise the bar and hire people who already have it◾A public shipping leaderboard exposes who's really working in about a week◾AI is a sycophant. Optimiz

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/Want to recruit great marketers? Find them here: https://marketingschool.io/hire What do you actually do when things get really tough in business? Neil and Eric share their worst moments — 2020 included — and the playbook for surviving them: eating the elephant a day at a time, buying time with cash, and choosing stability over growth when it counts. Then the reveal that hot AI startups like Cursor quietly run thousands of ads at a time, and a five-star massage-studio case study on referrals, grandfathered pricing, and service details that carry over into any business. Key takeaways◾Tough seasons are survived a day at a time — systems over panic◾The hottest AI startups test thousands of ads, not two◾Great service businesses engineer referrals on purpose Chapters00:00 When things get really tough09:14 Stability vs growth15:56 The 6,400-ads reveal17:10 The massage-st

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/Want to recruit great marketers? Find them here: https://marketingschool.io/hire Eric brings the DHH question — outspend or outteach? — and the hosts take sides on the cheapest marketing that almost nobody has the patience to do. Then it gets personal: why Bezos Expeditions invested in Basecamp, whether pressure makes winners, the hairy reality of agency M&A (data rooms, earn-outs, and numbers that never survive diligence), a tale of two agency contractors, and why revenue beats views every single time. A candid operator's episode on teaching, buying, and building agencies. Key takeaways◾Outteaching compounds — it's the free marketing nobody commits to◾In agency M&A, the seller's numbers never survive the data room◾Optimize for revenue, not reach Chapters00:00 Outspend vs outteach: the DHH question01:12 Bezos and Basecamp02:21 Pressure makes winners05:48 The agency

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/Want to recruit great marketers? Find them here: https://marketingschool.io/hire Neil and Eric react to the report that Chinese institutions turned 171 million public X posts into a million-account digital twin of the American electorate — and are testing political messages on it. They unpack the marketing angle behind cognitive-domain warfare, why the data asymmetry between open and closed internets matters, the Paul Graham chart showing LinkedIn users adding AI and deleting DEI from their profiles, and why following trends is usually the losing move. A sobering look at what happens when audience modeling gets weaponized. Key takeaways◾Audience modeling at nation-state scale is here — and it's a marketing system◾Open platforms hand their behavioral data to anyone, including adversaries◾Profile trends follow incentives: AI in, DEI out Chapters00:00 China's AI model

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/Want to recruit great marketers? Find them here: https://marketingschool.io/hire Neil and Eric dig into the two lessons Silicon Valley keeps relearning every decade, straight from Ben Thompson's conversation with Patrick O'Shaughnessy: consumers don't want to pay for software, and they don't care about being productive. They trace the pattern from Dropbox's forced pivot to B2B through to OpenAI replaying the same story at 100x scale, why advertising was always the endgame for ChatGPT, whether the SaaSpocalypse is real, and what the future of marketing looks like when AI knows your smartest moments. A sharp episode on where the money in software actually comes from. Key takeaways◾Consumers won't pay for software — advertising is the consumer endgame◾SaaS isn't dying, it's consolidating into B2B◾The next marketing frontier is reaching people in their smart moments Ch

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire It starts with a message Eric got about a team member's wife being hit by a car, and turns into the clearest thing either of them has said about keeping good people. Neil lays out how he thinks about founder retention after an acquisition, they debate what Single Brain should actually be, and Eric closes with the GrokBot marketing playbook. Key takeaways◾How you behave in someone's worst week is the retention strategy. Everything else is a policy document.◾Brand recognition you already have is worth more than the product name you are attached to.◾Multifaceted marketing wins now: shipping fast, engaging in public, DMing influencers and bundling. Chapters00:00 Looking After Your People02:20 Founder Retention Matters05:31 Building Single Brain08:56 GrokBot Marketing Playbook

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire Neil asks Eric to name the two things he is actually doing for the rest of 2026, and the answer is less about tools than you would expect. Along the way they share their own survey of 100 companies on AI agent adoption, and the numbers are far below the hype. Neil also gives away the specific tactic he is using to get cited by ChatGPT and Gemini. Key takeaways◾Of 100 companies surveyed, only 17 use AI agents in marketing at all, and just 3.5% of their marketing staff.◾The fastest route into AI answers is getting into the same articles that already cite your competitors.◾Shipping constantly beats one big launch. Staying top of mind is the strategy. Chapters00:00 Marketing and Hiring Priorities02:55 What Counts as an Agent06:20 2026 Focus Areas10:43 Europe and Service Expansion

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire Reddit's citations in ChatGPT have collapsed to almost nothing, and so have the review sites. Eric pulls up the PromptWatch data live and Neil reads what it means for anyone who built a strategy on those placements. Then they turn to the money side: how to underwrite a deal, what a creative agency is really worth, and what Sequoia's 'services are the new software' thesis does to agency valuations. Key takeaways◾Reddit and the big review sites have been almost entirely cut out of ChatGPT's citations.◾The marketer's job is shifting from ranking pages to being the source an AI quotes.◾Founder retention is not one structure. Name which model each founder is actually in before you buy. Chapters00:00 Reddit’s Decline01:57 The Marketer’s Shift04:14 Deal Underwriting Logic07:36 Valuing Creat

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire Eric and Neil open on Travis Kalanick's take on founders, and end up somewhere much less comfortable: the research says the people pushed hardest early on are rarely the ones who end up best. They get into what founder drive actually is, why the two of them handle being crossed differently, how first-principles thinking changes a deal, and the Four Seasons founder's brutal one-line definition of excellence. Key takeaways ◾Being a founder is about pushing, not driving. The title on the org chart is not what makes it work. ◾Across 34,000 top performers, early standouts and eventual world-class performers are almost never the same people. ◾Excellence, per the Four Seasons founder, is the capacity to take pain. Suffering is built into the job. Chapters 00:00 Founder Drive

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire A cafe in San Francisco lets startups pay to brand the drinks, so you can order an ElevenLatte or a MongoDB Greens. Eric thinks it is genius and cheap. Then the segment everyone will argue about: an Instagram reel showing a brand that does not exist ranked number one on ChatGPT for a real query. Neil and Eric take apart how it was done, why AEO is still SEO underneath, what Kimi's download and DAU curve says about Chinese model adoption, and why the Philippines back office grew instead of collapsing after ChatGPT. Key takeaways◾Brand in the places your buyer already stands, not just the feed◾If you can game it, it is a ranking system, and ranking systems are SEO◾AI made offshore work more valuable, employment is up 20% and revenue up 30% Chapters00:00 Intro Etiquette Matters00:07 Bra

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire China is releasing models that are not as good and are good enough, at a fraction of the cost, and getting real penetration in the United States. Neil and Eric work through what that does to pricing, then get to WD-40, which used Amazon's generative video ads to triple daily unit volume with an 86% new-to-brand rate and a 45% higher click-through rate. Eric's answer to every founder asking whether this kills agencies is the same question back: who is going to maintain it. He had that exact conversation with a multi-billion dollar hospitality company this week. Key takeaways◾Good enough at a tenth of the price is a pricing event, not a quality debate◾AI ad production collapses cost per asset, it does not manage the account◾Every founder building agents for each team member is telling y

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire Clay Collins predicts the indie hacker is about to get crushed by the direct response marketer who learned to ship software, and Neil and Eric react as two people who have straddled both sides. Their generation sold ebooks and courses because that was the only thing you could build without engineers, and the wall was never talent, it was operational. That wall is gone. They also cover the SBA loan changes worth watching, and then the harder question underneath all of it: if AI does the thinking, what happens to the people who stop wanting to think. Key takeaways◾The engineering advantage evaporated, the marketing advantage did not◾Twenty years of learning how to make strangers care now ships in a weekend◾Cognitive polarization is the real risk, not job replacement Chapters00:00 Con

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire Most SEO starts with keyword research. Neil and Eric start somewhere else entirely: the customer. Neil breaks down audience-first SEO, the approach Single Grain's Nicky Lamb wrote up and the one they have been quietly running for clients. Take wealth management: 2.7 million monthly searches in the US, and almost none of them are one audience. Someone trying to understand the term, someone saving for retirement, a business owner preparing for a sale and an ultra high net worth family are four different buyers behind the same keyword. Then Eric walks through the company brain he is rolling into ClickFlow, and what Atlassian's numbers say about where a SaaS moat actually sits. Key takeaways ◾Start with the ICP, not the keyword list, and the queries sort themselves ◾One high-volume term

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire Vercel's Guillermo Rauch says agent-led growth replaces product-led growth: let agents adopt your product first, take meetings only if you have to, and treat months of meetings as the signal that this was never your customer. Eric runs it against the Higgsfield playbook, zero to $400M ARR in fourteen months on daily X launches and thousands of creators posting every day. It closes on Leopold's LP letter, Charlie Munger's three ways to go broke, and what four turns of leverage does to a 20% drawdown. Key takeaways◾If an agent cannot discover, read, and use your product, you are invisible to the next buyer◾Distribution at Higgsfield's pace is a daily habit, not a campaign◾Leverage turns a recoverable drawdown into an unrecoverable one Chapters00:00 From PLG to ALG02:48 AI Distribution

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire A Procter & Gamble study shows every single role is now part marketing and part engineering, whatever the job title says. Eric maps it to the Coinbase pot-of-one idea and admits he builds more than he used to. From there: how Palantir landed and expanded on the cheap with forward-deployed engineers, why today's wow is tomorrow's average, and a long practical walkthrough of running ChatGPT Voice as a hands-free agent that controls the other agents on his machine. Key takeaways◾Every role is converging on part marketer, part builder, regardless of title◾Forward-deployed engineering is a sales motion, not an engineering one◾Voice is the interface that makes an agent stack usable while you do other things Chapters00:00 Everyone Becomes a Builder07:50 AI Changes Workflows12:47 Voice Agent

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire Would you burn an entire year of profit, walk away from your core customer, and bet the company on unproven technology that falls flat for its first twelve months? That is the decision NVIDIA actually made, and Eric walks through it from Thinking Machine. Neil answers honestly. The back half turns personal: Neil is recording from Legoland mid-vacation, and the two get into what it took to actually take the time off, being alone with his kids for the first time, and what that trade looks like when you run a company. Key takeaways◾The bets that look reckless in year one are the ones with no competition in year five◾Founder control is what makes an unpopular decade-long bet survivable◾Time off is an operating decision, not a reward you earn later Chapters00:00 Nvidia's Big Bet04:18 The

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire Airtable sold to Bending Spoons for $1.25B in cash, and the internet immediately called it a down round. Eric pulls up Jason Lemkin's numbers and the actual purchase agreement to show what really happened: 3.1x ARR growth since 2021, $900M sitting in the bank, and a reorganization that carved the HyperAgent business out into its own entity before the deal closed. Then Alfred Lin's Empire State Building versus Millennium Tower piece on why speed is the core operating value, and why Jensen Huang has never fired anyone. Key takeaways◾A headline acquisition price tells you almost nothing until you read the reorg clause◾Speed is not a nice-to-have operating value, it is the one that compounds◾Public, brutal feedback can retain people better than quiet firing does Chapters00:00 Airtable De

Growth Newsletter: https://levelingup.beehiiv.com/subscribe Need marketing help? Visit: https://www.singlegrain.com/ and https://npdigital.com/ Want to recruit great marketers? Find them here: https://marketingschool.io/hire Eric listens to two people argue organic content versus paid ads and calls the whole debate stupid, because the answer is both. From there into the ROI of podcasting after nearly ten years of doing this one, using the Forbes highest-paid list as a reality check, and finally why recruiting is higher leverage than managing when you are small. Key takeaways ◾ Content versus paid is a false binary, and the answer is both ◾ Buying growth can beat building it, if you know what you are buying ◾ Recruit better people and you spend less time managing them Chapters 00:00 Content vs paid ads 05:53 The ROI of podcasting 07:53 Sponsor break 10:51 Recruiting beats managing