We were on fire.

Barely 1 year into starting Ampush we were already doing >100K a month in profit.

I woke up one day and checked our dashboard.

Revenues had plummeted 80%

Something was wrong.

The crazy part?

2 years later this disaster led to our largest partnership👇🏽👇🏽👇🏽
1/ It was the summer of 2010. We had hired two interns from Wharton.

One of them was this super smart go getter, and she helped us figure out Facebook and went on to become a McKinsey EM.

She figured out tons of creative ways to target back in the early days of FB ads...
2/ This is back when Facebook was desktop only.

No newsfeed. No algorithm. Just a bare bones CPC platform.

So she had compiled all of our tactics at the time into a deck, and developed some really crafty ones too...
3/ We were generating leads for online universities. They all offered masters and PhDs in nonprofit management.

She had this brilliant idea to target people who mentioned a specific non profit in their FB profile.

Then used the logo in her ads...
4/ She would micro target the 30,000 people who said that they're fans of the Red Cross or Habitat for Humanity in their Facebook profiles.

Our Head of FB at the time, Brian, said "I don't think this is a good idea."

I, the swashbuckling entrepreneur, overruled him...
5/ So she launches these ads and their performance was off the charts!

Super high click through, crazy high conversion. It was over three times more profitable than any other media we ran. Below is the original report!

Things were going great, until the first letter came...
6/ We woke up one morning to this email, and it was from one of these non profits and said "You are illegally using our logo in your ad."

And then we got another one, and another...

Then we start getting physical mail of the same type

By week 3, I had paused all the ads.
7/ The following Monday we come and we see this huge red bar across the screen.

Completely banned from Facebook...

Do not appeal, do not try anything, you're done.

We lost 80% of revenue in one day. FB was our #1 channel by far!

We scrambled, this was life or death.
8/ We tried to escalate with FB. Calls, emails. No response.

We tried emailing a college friend who went to high school with Zuck to message him for us. No luck.

We kept talking to people, but no one could help...
9/ We expanded our search and went after anyone high up within the FB Policy team.

We asked everyone we knew.

Eventually it was @richardprice100, who I’d bonded with talking education monetization at happy hour, that delivered the introduction.

That's when we met Paul.
10/ At the time, Paul led all platform policy at Facebook. He was the top of the pyramid for us.

I explained the situation, and it worked through the system...

We considered just starting a fresh account or just hacking in, but wanted to take the high road.
11/ We ended up having to get a deep legal audit and review of all our internal policies.

Had to hire a compliance officer.

We even got placed on a 0 strikes policy.

This could never happen again if we wanted to work with Facebook again.
12/ A few weeks later, we were allowed back on the platform.

The company was saved.

We learned an important lesson about not skimping on legal, but deepened our relationships with Facebook - our largest platform.
13/ If this hadn't happened we may never have become one of FBs early marketing partners.

That led to us becoming one of their largest advertisers - spending over $1 BILLION with them for companies like Hulu, Peloton, Blue Apron, Uber, and Clash of Clans.
14/ This was our second near death experience with @ampush. Check out the first time here:
15/ If you enjoyed this thread, follow me @JSPujji

I tweet stories and learnings about bootstrapping and growth every week.

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More from @jspujji

15 Sep
Starting a business can be painful.

You feel lost 97% of the time - the ups and downs are gut-wrenching.

I wish I had a cheat sheet of principles for my first startup.

So I wrote one.

Here are 40+ learnings about entrepreneurship I wish I knew sooner:
1/ Tenacity is the most important trait for building a company.

It is not intelligence, creativity or salesmanship, but sheer determination.

Wake up every day and push the ball forward.
2/ Making decisions is hard; but a 'bad decision' outweighs no decision every time.

As you learn, you will even start to make good decisions.
Read 43 tweets
10 Sep
A project manager and a failed DJ use their severance packages to bootstrap a web design agency.

It fails.

The crazy part?

Their side hustle turns into a ubiquitous $10 Billion SaaS Startup 👇🏽👇🏽👇🏽
1/ Ben Chestnut was the son of an army codebreaker and an immigrant entrepreneur.

He learned business and entrepreneurship hiding under the kitchen table while his mom ran a home salon.

Half Thai and half American, he never fit into a small southern town...
2/ Dan Kurzius was born in Albuquerque, working at his family's bakery/deli until a big chain pushed them out of business when he was 12.

His father died of a heart attack shortly after that, and the family lost their primary income...
Read 23 tweets
5 Sep
A 17 year old high school dropout turned a $10K loan from his mom into a $1B+ company.

The crazy part?

They’ve never bought an ad.

This is the crazy story 👇🏽👇🏽👇🏽
1/ GT Dave was born in 1977 in Beverly Hills.

The youngest son of Loraine and Michael, who were disciples of Sathya Sai Baba and big into eastern medicine.

He was a miracle baby, Sathya blessed him as destined for greatness.

They could have never predicted what would happen...
2/ In 1993, Dad smuggled home a gelatinous mushroom known as a SCOBY used to brew a special fermented tea.

The family started brewing that weekend and while the parents loved it, the kids hated it.

Everything changed in 1994, when a real miracle happened...
Read 22 tweets
27 Aug
A dyslexic, ADHD, burnt out programmer moves across the world for love. After losing his job, he bootstraps a biz to $5M ARR.

The crazy part?

Today the company is worth over $184 BILLION.

The wild story of the best son-in-law ever 👇🏽👇🏽👇🏽
1/ Bruce McKean was happy to hear that his daughter Fiona was moving back to Canada.

She had been living with her boyfriend in Germany for almost a year. They had met snowboarding at Whistler in 2002.

He was concerned with her choice when she asked if they could move in...
2/ Tobi (her boyfriend) thought he had a job lined up in Canada but his offer was revoked when they realized he had no visa.

After checking with a lawyer, he discovered that he couldn't work in Canada.

But he could start a company...
Read 20 tweets
20 Aug
Two Teenagers pitch 100+ VCs with no success.

Instead, they bootstrapped the startup to millions in profits until the VCs came calling.

The crazy part?

Today the company is worth over $15BN and they have full control.

You've used the app, but you don't know the story 👇🏽👇🏽👇🏽
1/ At only 19, Melanie Perkins was teaching graphic design as a side job during college.

She was frustrated by how many complex programs you had to use.

She dreamed of simple software to make graphic design easier.

To start, she built it for a use case she knew well: yearbooks
2/ She and her boyfriend, Cliff Obrecht, invested everything they saved plus a small loan to build out the software.

The co-founders launched Fusion Books in early 2007 out of her mom's house in Perth.

They kept their jobs and invested heavily into a school expo in Sydney...
Read 24 tweets
13 Aug
In 2010, I was 25 and bootstrapping my first startup.

A random phone call turned into $150,000 of capital with NO dilution

This is the story of one of my greatest hustles👇🏾👇🏾👇🏾
1/ When @ampush started, we were a “quant” digital marketing company.

Our corny slogan “Wall Street Thinking. Performance Marketing.”

We self-funded ~$50k + $50k in credit card debt.

About 5 mos in, I received a random call from a friend at a Citadel (large hedge fund)...
2/ “What is Quinstreet? They just filed to go public. Aren’t you doing some internet marketing thing? What the hell is a click, lead, etc? Is this a good business?”

I replied: “Yes, I am!” and began explaining the entire $QNST business model...

A lightbulb went off in my head!
Read 15 tweets

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