00:08:07 · David Senra
[00:08:07] S0: I wanna tell you about the presenting sponsor of this podcast, Ramp. I have been reading a lot about SpaceX lately. SpaceX is one of the most valuable businesses in the world, and one of the main themes in the history of SpaceX is constantly attacking and questioning your cost. Ramp helps many of the most innovative businesses in the world do exactly that. The median company running on Ramp cuts their expenses by 5%. And one thing SpaceX has demonstrated is that a religious dedication to controlling costs can help actually increase revenue because you can pursue opportunities you couldn't otherwise. And we see that in the ramp data too. The median company running on ramp also grows their revenue by 16%. So when you're running your business on Ramp and your competitors are not, you have a massive competitive advantage that compounds over time. Ramp is the only platform designed to make your finance team faster and happier. Many of the top founders and CEOs I know run their business on Ramp. I run my business on Ramp and you should too. Go to ramp.com to learn how they can help your business save time, save money, and grow revenue. That is ramp.com. Deel is how the best founder turn the world into their talent pool. I've been studying how history's greatest founders operate for a decade. And one thing they all have in common is they understand that recruiting and hiring the very best talent is your most important priority. A players recognize other a players, which is why top companies like Ramp, Shopify, ElevenLabs, Uber, and DoorDash all use Deel. Many of the top founders I know have personally invested in Deel after using their product, and what they discovered is that Deel is the best company in the world at building infrastructure for global hiring. Deel will help your business hire, pay, and manage any worker anywhere in the world so you can retain the best talent anywhere and spend the rest of your time focusing on what you do best, delivering value to your customers. The founder of ElevenLabs has a great description of the value Deel can give your company. He said, we built ElevenLabs to break down language and communication barriers. With Deel enabling us to hire and support exceptional talent anywhere, we can accelerate our innovation and bring more voices, stories, and ideas to every corner of the world.
00:10:11 · David Senra, Mati Staniszewski
Deel is trusted by over 40,000 businesses. Learn how they can help your business today by going to deal.com/senra. That is deal.com/senra. Let me make sure I'm understanding this correctly. You're like, we're gonna dub. We're gonna reach out to creators first. So I'm, you know, reaching a couple million people in English. Let me see if I can get this guy to say, hey, can I translate it? Can we dub this for Polish or in Spanish and all these other things? And then the feedback you're getting is, Yeah, that's kind of nice, but I have many more immediate concerns and can you help me with X, Y, Z? [00:10:43] S1: Exactly. And it's kind of was two things at the same time were great because that was also true on the research side where you have this like three steps you need to solve in dabbing. Nothing in the space is good. We need to solve one of those steps ourselves. That's where Piotr comes in and is able to create and assemble the best research team to solve it, and he himself is an incredible researcher to actually bring that to life. [00:11:02] S0: Yeah, because I'm friends with MrBeast. I remember talking to him about this a few years ago, where you know, he was the largest creator in the world, and he used to run separate YouTube channels. Yeah. And he told me, he's just like, yeah, well, for my Japanese, like, the Japanese versions of my videos, like, he doesn't just dub them. He'll hire, like, a voice actor that's like... The voice is famous in that country.
00:11:02 · David Senra, Mati Staniszewski
[00:11:02] S0: Yeah, because I'm friends with MrBeast. I remember talking to him about this a few years ago, where you know, he was the largest creator in the world, and he used to run separate YouTube channels. Yeah. And he told me, he's just like, yeah, well, for my Japanese, like, the Japanese versions of my videos, like, he doesn't just dub them. He'll hire, like, a voice actor that's like... The voice is famous in that country. [00:11:23] S1: Yep. One day you you should... Whether with us or any other company, you should dub your podcast. It's so much knowledge that could break... Be brought into so many different entrepreneurs worldwide, like in Japan, if if if if those conversations were...
00:11:23 · Mati Staniszewski, David Senra
[00:11:23] S1: Yep. One day you you should... Whether with us or any other company, you should dub your podcast. It's so much knowledge that could break... Be brought into so many different entrepreneurs worldwide, like in Japan, if if if if those conversations were... [00:11:36] S0: It's funny you said Japan because I was thinking, I knew we were going talk today and I've been thinking about you the last few days. And I'm working on this episode for the founder of Honda for my other podcast founders. And what's surprising about that is, you know, it's not Honda, the cars at this point when this guy's alive. It's the most... He created the most successful mass produced motor vehicle in history, which is the Honda Super Cub. And the way they describe their company, he's like, we're just a research lab for engines. Literally. That's what he's like, all I do is think about engines all day. He actually separated out and made the Honda R and D a separate company because he thought it was so important. And then they were just funded by a percentage of sales, but then they turned over all the research to the manufacturing division. And he's just like, if you just have a research division and you only tell them to experiment and you've staffed with engineers and researchers, he's like, they're going to constantly invent new things. And then if you're a manufacturer, you can figure out how to apply those to products. I would never think... You would think, oh, they're car manufacturers. No. I'm I'm just a research team.
00:11:36 · David Senra, Mati Staniszewski
[00:11:36] S0: It's funny you said Japan because I was thinking, I knew we were going talk today and I've been thinking about you the last few days. And I'm working on this episode for the founder of Honda for my other podcast founders. And what's surprising about that is, you know, it's not Honda, the cars at this point when this guy's alive. It's the most... He created the most successful mass produced motor vehicle in history, which is the Honda Super Cub. And the way they describe their company, he's like, we're just a research lab for engines. Literally. That's what he's like, all I do is think about engines all day. He actually separated out and made the Honda R and D a separate company because he thought it was so important. And then they were just funded by a percentage of sales, but then they turned over all the research to the manufacturing division. And he's just like, if you just have a research division and you only tell them to experiment and you've staffed with engineers and researchers, he's like, they're going to constantly invent new things. And then if you're a manufacturer, you can figure out how to apply those to products. I would never think... You would think, oh, they're car manufacturers. No. I'm I'm just a research team. [00:12:36] S1: To be honest, you know, and you started with this question, this is not too dissimilar from how I think about how we run ElevenLabs I [00:12:43] S0: know. That's why I'm telling
00:12:43 · David Senra, Mati Staniszewski
[00:12:43] S0: know. That's why I'm telling [00:12:44] S1: you this. It's very much... Look, there's a focused research lab, there's research engineering on bringing that to the product work. Then we have a lot of small teams running after specific product problems that we can solve. And then of course, the way to go to market and deployment of how you bring that to the customers worldwide. But the general philosophy is like a lot of small teams, usually less than 10 people, having flexibility, autonomy to just run ahead and apply their best judgment in what we can solve for the customer. Okay. You need [00:13:15] S0: to say more about though, because this is where I still am a little confused by this. Somebody doesn't know who you are, they just met you for the first time, they don't know what ElevenLabs is, like, describe to that person how you view your own company. It's like a research lab. Is that the word you're going to use? How would you describe this? I would introduce