In Depth

How to find and pull startup growth levers | Matt Lerner (Founder and CEO at SYSTM, Author of Growth Levers)


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Matt Lerner is the Founder and CEO at SYSTM, a startup coaching consultancy that helps high-potential companies grow their business. Matt also authored the book “Growth Levers”, which shares his framework that's helped over 200 seed-stage startups grow as much as 100x. Previously, Matt was on the early growth team at PayPal, a partner at 500 Startups, and a guest lecturer at Stanford Business School.

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In today’s episode, we discuss:

  • Understanding the key drivers of startup success
  • Applying the Growth Lever framework
  • Several case studies
  • Customer-centric growth tactics
  • Adapting growth levers for different business models
  • -

    Referenced:

    • Airbnb: https://www.airbnb.com/
    • Bold Commerce: https://boldcommerce.com/
    • Calm: https://www.calm.com/
    • Caribou: https://www.usecaribou.com/
    • eBay: https://www.ebay.com/
    • FATMAP: https://fatmap.com/
    • Growth Levers and How to Find Them: https://www.systm.co/growth-levers-matt-lerner-book
    • PayPal: https://www.paypal.com/
    • Peter Karpas: https://www.linkedin.com/in/peterkarpas/
    • Popsa: https://popsa.com/
    • Shopify: https://www.shopify.com/
    • Sonic Jobs: https://www.sonicjobs.com/
    • SYSTM: https://www.systm.co/
    • -

      Where to find Matt Lerner:

      • LinkedIn: https://www.linkedin.com/in/matthewlerner/
      • Twitter/X: https://x.com/matthlerner
      • -

        Where to find Brett Berson:

        • LinkedIn: https://www.linkedin.com/in/brett-berson-9986094/
        • Twitter/X: https://twitter.com/brettberson
        • -

          Where to find First Round Capital:

          • Website: https://firstround.com/
          • First Round Review: https://review.firstround.com/
          • Twitter/X: https://twitter.com/firstround
          • YouTube: https://www.youtube.com/@FirstRoundCapital
          • This podcast on all platforms: https://review.firstround.com/podcast
          • -

            Timestamps:

            (00:00) Intro

            (03:11) The hidden truth about startup success

            (05:10) Popsa's journey: A case study in growth

            (07:31) Breaking down the growth lever framework

            (11:30) Understanding the customer's journey

            (14:14) The art of customer interviews

            (18:07) Unlocking growth through customer insights

            (24:23) The triple threat: Founder failure modes

            (27:32) The power of founder-led growth strategies

            (32:42) Unlocking growth bottlenecks

            (36:40) Timing and implementation of growth strategies

            (39:43) Founder red flags

            (41:32) Crafting effective growth experiments

            (43:14) Why customer mindset is the ultimate growth driver

            (46:19) The power law of business

            (48:59) Why startups don’t need paid marketing

            (50:47) Growth levers for sales-driven companies

            (53:43) Matt's own application of growth principles

            (55:39) Growth levers in B2B sales

            (57:05) Finding customer "locksmith moments"

            (64:08) The mentor who shaped Matt's thinking

            ...more
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