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The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

20VC: ElevenLabs Head of Growth on Why You Do Not Need PMs | The 7-Part Launch Playbook That Gets 700K+ Views Per Product | The Truth About CAC, Payback & Performance Marketing in AI with Luke Harries

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

The Twenty Minute VC

Tech News, Business, News, Investing

4.4 β€’ 693 Ratings

πŸ—“οΈ 23 May 2025

⏱️ 76 minutes

🧾️ Download transcript

Summary

Luke Harries is Head of Growth at ElevenLabs, where he leads marketing, product, engineering, and developer experience. ElevenLabs has raised $281M with the latest round pricing the company at $3.3B valuation. Previously, Luke held roles at PostHog and Microsoft, and is also an angel investor supporting startups like Lovable and Runna.

In Today's Episode We Discuss:

00:00 – The $3.3B Growth Engine Behind ElevenLabs

04:55 – Why Luke Said "No" to Investing in ElevenLabs (and Why He Was Wrong)

15:40 – How ElevenLabs Makes a Horizontal Product Strategy Work

20:15 – How to Build Sharded Growth Teams That Actually Scale

26:30 – The 7-Part Launch Playbook That Gets 700K+ Views Per Product

33:00 – The Truth About CAC, Payback, and Performance Marketing in AI

39:05 – SEO Isn't Dead: The Mini-Tool Strategy You Should Steal

44:10 – Kill Your Inbound SDRsβ€”The Case for Voice AI in Sales

48:40 – Why You Don't Need PMs and the Rise of Growth-Led Product Teams

Β 

Transcript

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0:00.0

This is 20 Growth with me, Harry Stebbings. Now, 20 Growth is the monthly show where we sit down

0:04.5

with the best growth leaders to discuss growth tips, tactics and strategies from people who've

0:10.4

built the best growth organizations on the planet. Now, one of the fastest growing companies

0:15.0

today is 11 Labs. And I'm so excited to sit down with Luke Harry's head of growth at 11 Labs, where he leads marketing,

0:22.3

product, engineering and developer experience. And they've raised 281 million with their latest round,

0:28.2

pricing them at $3.3 billion. Previously, Luke held roles at Post-Tog and Microsoft, and he's also

0:34.6

an incredible angel investor with investments in the likes of lovable and

0:38.2

runner. Luke's also a dear friend. He's one of the kindest people in this business and I think he's

0:43.7

going to be one of the best growth minds of the next 10 years. This show was exceptional. But before we

0:50.0

dive into the show today, Secureframe empowers businesses to build trust with customers

0:54.6

by simplifying information security and compliance through AI and automation.

0:59.2

Thousands of fast-growing businesses including NASDAQ, Angel List, Doodle and Coder,

1:03.8

trust Secureframe to expedite their compliance journey for global security and privacy standards,

1:09.0

such as SOC2 and ISO-271, CMMC, NIST standards and more.

1:15.0

Backed by top-tier investors and corporations like Google and Kleiner Perkins,

1:19.0

the company is among Forbes's list of the top 100 startup employers for 2024,

1:24.0

G2's Best Software Awards for Higher Satisfaction Products,

1:27.4

and a recipient of the

1:28.5

2024 Cybersecurity Excellence Awards, something I definitely never got in school myself.

1:34.0

Learn more today at secureframe.com. And speaking of speed, let's talk about something every

1:38.9

founder, product leader and CEO is thinking about. Innovation. We all know that innovation is the

1:43.7

lifeblood of any company,

...

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