Matt Lerner

Startup growth strategist, Ex PayPal, 500 Startups VC, Founder @ SYSTM

I founded SYSTM to help startups find their big growth levers - the small actions that can have the biggest impact on their growth. We’ve worked with over 200 companies and earned a 96% founder “likely to recommend” score.

Before founding SYSTM, I was the London-based Partner of 500 Startups, an early-stage VC fund, where I built and ran an accelerator seed-stage growth program for our portfolio companies.

Prior to joining 500 Startups, I worked for many years building and managing growth teams for three  startups (two disasters, one exit), and later at PayPal. 

I approach my work first as a general manager and then as a marketer, product manager or both, as needed. My lens is quantitative, but rooted in deep customer insights and testing, and based on fast iteration. I’m always learning, and I really enjoy teaching and helping those around me to learn and improve. Skip to the references below, you'll see that I'm regarded as a thought leader in many areas of business, and an inspiring people manager who reliably delivers ahead of expectations.

Founder & CEO

At SYSTM (formerly Startup Core Strengths), our mission is to help early-stage startups find their big growth levers (and pull them). We've noticed that great startups don't waste time on small stuff, so we  focus everyone on the most impactful work.

Magnus Carlsen has a coach.

So does Serena Williams.

And Lewis Hamilton.

Taylor Swift, Michael Jordan and Tiger Woods – all had coaches.

Asking for coaching doesn’t signal weakness.

It signals a hunger.

Founder @ SYSTM, Ex PayPal, 500 Startups VC

What your founder secretly wants from you.
I climbed from doing marketing scut work to running an $800 million business when I figured out one thing…

Founders desperately want to promote you.

They'd love nothing more than for you to run part of their business, if they believed you could do it well.

𝗛𝗼𝘄 𝘁𝗼 𝗯𝗲 𝘀𝗲𝗲𝗻 𝗮𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰

Early in my career, I started working for a guy we’ll call Alex. He was 28 years old, and running the largest division of a publicly traded tech company. (I was 27) 

I kept asking myself, "Why is he the VP, and I'm just a marketer?" I studied his every move.

In C-level meetings, he spoke like he owned the business. He talked about the work I was doing, but took it 10% further – connecting it to shareholder outcomes – revenue and growth.

Nothing esoteric. He just drew a line from my work to revenue, growth and profit.

So I did some digging to find out where this wunderkind got his MBA.

Turns out he didn't have one. Just a Bachelor of Arts. In theater. 

That's when it clicked: Alex wasn't running a business because of some credential, he was running a business because he played the part – he thought and spoke like a business owner.

𝗦𝗮𝗺𝗲 𝘄𝗼𝗿𝗸, 𝗻𝗲𝘄 𝗽𝗲𝗿𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲
All I did was shift to an owner’s perspective. For example:

• Instead of "We increased engagement by 20%," I'd say: "We're retaining 20% more customers in month 2 – if it holds, that's $2M ARR over 24 months."

• Instead of test results, I'd share insights: "We learned that customers aren't price sensitive if they understand our value."

• Instead of optimizing channels, I'd think in systems: "Meta users have better retention than affiliates, so we’ll shift affiliate spend to Meta."

That’s all.

𝗪𝗵𝗮𝘁 𝗵𝗮𝗽𝗽𝗲𝗻𝗲𝗱 𝗻𝗲𝘅𝘁
It worked. Within six months, I was getting invited to strategy meetings. Finance people started asking for my input, and defending my work when I wasn't in the room. 

Promotions came. Eventually I worked my way up to that GM role – running a nine-figure business at PayPal.

𝗡𝗼𝘄, 𝗶𝗺𝗮𝗴𝗶𝗻𝗲 𝘆𝗼𝘂'𝗿𝗲 𝘁𝗵𝗲 𝗖𝗘𝗢
Imagine your CEO's point of view – Busy and overwhelmed. They don't want to micromanage you! They’d love to hand you more responsibility. They pay recruiters massive fees to find people who think like owners.

You could be that person.

Just do that last 10%: Think like an owner. Talk like an owner. Become an owner.

Helpful? Re-post to pay it forward to your network.

This is weird... 

Products make up only 16% of GDP, but 47% of stock market earnings.

And services are 72% of GDP but only 53% of stock market earnings.

Why is that?

I have a theory... 

Product companies only work at scale – logistics, sourcing, volume discounts, mass production, distribution deals, expensive to develop new products.

They're just not viable below a certain size. That's why most D2C startups end up getting acquired by big companies. When they do IPO, it usually fails (e.g. GoPro, FitBit, Peloton, Sonos)

But services businesses can be viable, even profitable, at micro-scale: Law firms, ad agencies, nail salons, medical practices, consultants and accountants – don't need money from public markets.

But services don't IPO, because they can't scale revenue independent of headcount. A law firm rents out lawyers, a radiology practice rents out radiologists.

Until now.

AI breaks the fixed relationship between revenue and headcount in services businesses – profits can scale far ahead of salaries and other fixed costs.

That's why VC and Private equity are snapping up small local medical practices. And boutique law firms, agencies, tax preparers... will all get rolled up, or rolled over, soon.

There's a lot at stake – 72% of GDP!

Are you working in a services firm? Because AI adoption is a matter of life and death.

They didn't forget; they objected.

Instead of "activation" or "abandonment" emails, try this...

People don't abandon checkouts and free trials because they 𝘧𝘰𝘳𝘨𝘦𝘵, they abandon because they 𝘰𝘣𝘫𝘦𝘤𝘵. 

Instead of sending “reminders,” figure out 𝘸𝘩𝘺 𝘵𝘩𝘦𝘺 𝘣𝘢𝘪𝘭𝘦𝘥 and address the 𝘳𝘦𝘢𝘭 𝘰𝘣𝘫𝘦𝘤𝘵𝘪𝘰𝘯 – Not just in your emails, but at the root cause, before they abandon.

𝗛𝗼𝘄 𝘁𝗼 𝗳𝗶𝗻𝗱 𝘁𝗵𝗲 𝗿𝗲𝗮𝗹 𝗼𝗯𝗷𝗲𝗰𝘁𝗶𝗼𝗻𝘀
If you ask ChatGPT, it'll tell you to offer free shipping and enable guest checkout – but you know it’s not that simple. Fixing “process friction” will only get you so far – most abandonment is caused by 𝘱𝘴𝘺𝘤𝘩𝘰𝘭𝘰𝘨𝘪𝘤𝘢𝘭 𝘧𝘳𝘪𝘤𝘵𝘪𝘰𝘯, like an unanswered question or a nagging doubt.

𝟲 𝗠𝗮𝗶𝗻 𝗦𝗼𝘂𝗿𝗰𝗲𝘀 𝗼𝗳 𝗣𝘀𝘆𝗰𝗵𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗙𝗿𝗶𝗰𝘁𝗶𝗼𝗻 (𝗔𝗻𝗱 𝗵𝗼𝘄 𝘁𝗼 𝗳𝗶𝘅 𝘁𝗵𝗲𝗺)

1. 𝗠𝗶𝘀𝘀𝗶𝗻𝗴 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 – Is it compatible with…? Does it do X thing? 
   𝗙𝗶𝘅: Live chat & detailed Q&A
   
2. 𝗪𝗶𝗹𝗹 𝗶𝘁 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗵𝗲𝗹𝗽 𝗺𝗲 𝘁𝗼 [𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿’𝘀 𝗴𝗼𝗮𝗹]?  
   𝗙𝗶𝘅: Show the main use cases, testimonials with specific results
   
3. 𝗪𝗶𝗹𝗹 𝗜 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝘂𝘀𝗲 𝗶𝘁? Or forget it but keep getting billed? 
   𝗙𝗶𝘅: Generous cancellation / return policies
   
4. 𝗦𝗼𝗰𝗶𝗮𝗹 𝗙𝗿𝗶𝗰𝘁𝗶𝗼𝗻 – What will my boss / team / spouse think?  
   𝗙𝗶𝘅: Give them a story to justify the purchase to themselves (e.g. “it's cheaper in the long-run” or “you only live once.”)
   
5. 𝗜𝘀 𝘁𝗵𝗶𝘀 𝗳𝗼𝗿 𝗽𝗲𝗼𝗽𝗹𝗲 𝗹𝗶𝗸𝗲 𝗺𝗲? (e.g. Coders, non-native speakers, gen Z women?)
   𝗙𝗶𝘅: Say & show who it’s for
   
6. 𝗢𝗻𝗰𝗲 𝗯𝗶𝘁𝘁𝗲𝗻 – They are switching from their last product for a reason, so they need to believe your product won't have that flaw.
   𝗙𝗶𝘅: Position against your competitor’s flaw (e.g. “99.999% availability,” or “24/7 live support.”)

𝗛𝗼𝘄 𝘁𝗼 𝘂𝗻𝗰𝗼𝘃𝗲𝗿 𝙮𝙤𝙪𝙧 𝗽𝘀𝘆𝗰𝗵𝗼𝗹𝗼𝗴𝗶𝗰𝗮𝗹 𝗳𝗿𝗶𝗰𝘁𝗶𝗼𝗻:

Don't speculate. Ask your 𝘴𝘢𝘭𝘦𝘴𝘱𝘦𝘰𝘱𝘭𝘦 𝘰𝘳 𝘺𝘰𝘶𝘳 𝘤𝘶𝘴𝘵𝘰𝘮𝘦𝘳𝘴: 
1. 𝗦𝗮𝗹𝗲𝘀𝗽𝗲𝗼𝗽𝗹𝗲 – “What are the main objections you hear from prospects?”
2. 𝗡𝗲𝘄 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 – “What made you almost not buy?”

Prospects who abandoned probably had 𝘵𝘩𝘦 𝘴𝘢𝘮𝘦 𝘤𝘰𝘯𝘤𝘦𝘳𝘯𝘴 as the ones who bought.

𝗢𝗻𝗲 𝗳𝗮𝗸𝗲 𝗿𝗲𝗮𝘀𝗼𝗻 𝘆𝗼𝘂 𝗰𝗮𝗻 𝗶𝗴𝗻𝗼𝗿𝗲
Many people will say they’ve “been too busy.” That’s bullsh*t. Reality: either they don’t understand how it helps, your product or site confused them, or they don’t actually need it.

Helpful? Re-post to help others in your network.

Joanna Wiebe

The original conversion copywriter, I'm the creator of Copyhackers. For 20 years, incredible companies like BT, Canva, Glowforge, Intuit, MetaLab, Prezi, SAP, Sprout Social and VWO have trusted me to optimize their copy. And incredible conferences like Mozcon, INBOUND, SearchLove and CXL Live have invited me to teach their audiences to write copy that converts. And along the way, more than 70,000 people at early and growth-stage startups, small businesses, huge businesses, international agencies and indie establishments have let me coach their copy forward, which is and has been a great honour. With a U. Because I'm Canadian.

Founder

In just 28 days, my YouTube subscribers doubled, my channel's views went up by 335,000+, and people spent 20,000 *hours* watching my stuff. 

I went from struggling to earn ~13,000 YT subscribers over s-e-v-e-n years...

...to landing 15,000 new subs in under a month. 

Without ads. 

I will be posting about my YT adventures here on LinkedIn throughout 2026. If you wanna hear what the holy heck I'm up to that's getting these numbers, comment here and follow along please.

Anyone else get wildly distracted scanning bookshelves behind speakers? 

I'm like got it, got it, got it, want it, got it...
Hitting Amazon to add The Covenant to my kindle...

Robert McKee in writing workshop, books behind him

I took myself to a Michelin ⭐️⭐️ restaurant last night…

(because when you travel solo for work, you can only do room service so often)

…and I left in awe not just of them but actually of all the creators I get to coach / work with. 

See, this restaurant - its chef and team - have perfected a menu of items. 
They make these items every night. 
They are absolutely perfectly reliably made by expert hands time after time. 
And when they want to add a new item to their menu, they take ages perfecting it. 

Compare that to what folks in marketing execution do. ✔️copywriters ✔️content strategists ✔️new founders / small business owners

You invent something brand new every day.

You have maybe a week to go from idea to imperfect (but done!) execution. 

While simultaneously working on seeing other ideas thru to near perfection.

Never ever with enough creative freedom or resources. 

It is absolutely wild that so so many creators are able to keep creating from scratch. 

Imagine if we could refine one idea - one email, one ad - to the point of such brilliance that Michelin awards us stars and people, after reading that hook we wrote, close their eyes to savour it.

No alternative text description for this image

Okay, so let's pretend 🧊 cold 🧊 DMs work. 

On LinkedIn. 🔗
On Instagram. 🤳🏼

In this world, here's how that DM strategy seems to go:

1️⃣ Your copy-paste cold DM lands in ~50 inboxes a day because you use automation software, you've cheaply outsourced it, or it's run by AI. 

2️⃣ In each inbox, your DM is sandwiched between 10+ more cold DMs -- including the DMs of your competitors. 

3️⃣ By some stroke of luck, one of your targets pauses their life to open your unsolicited DM. 
Maybe it's because your profile pic gives the right vibes. 
Maybe those first 8 words of your message feel authentic. 

4️⃣ Then they read it. 

When you think about the friction, the salmon-swimming-upstream *effort* required for your DM to get to Step 4️⃣...

...is it remotely possible for ANY of the attached cold email screenshots - swiped from my inboxes just this AM - to earn a reply?? 

If cold DMs work, and I can't tell you how many people swear by them, does this kind of cold DM *copy* work, too? 

What are these people doing right?

Or is it... as I suspect... an absolute "buy my cold dm course" lie to say that cold DMs will actually land you a useful call with a real, ideal client? Which ICP is scrolling their freaking LinkedIn DMs and going, "Hmm, yeah, I will take this stranger up on their offer of a free video editing session because free services are how I've built my business, lemme just stop my day to book a call." Are the successful cold DMs just written better than these ones??

How did the exact same video perform across:

✅ LinkedIn,
✅ Instagram and
✅ YouTube?

In early December, I posted my "Resting Rich Face" short-form video on LinkedIn and on YouTube... then I dropped it into Instagram too because why not.

On LinkedIn, it got 99 reactions. Pretty mid. 🫠

On YouTube Shorts, it got basically no love and only 1,418 views. 🫠

On Instagram, it kinda blew up, at least in comparison -- with 123,599 views... 1,511 likes... 2,320 saves and 1,764 shares. (And 98.2% of views were from non-followers.) 👏

This wasn't an experiment. A bunch of stuff was not controlled. 
Different dates, times, descriptions / copy, thumbnails.

But the video itself was exactly the same. 
And all those mentioned differences were pretty minor. 

Takeaways?

👉 Okay so for me, I'm still not at all convinced of video on LinkedIn. I know it's supposed to be the thing right now. I am going to force myself to post more video here. 

👉 The posts I share on LinkedIn that get *reposted* most are video posts... where those videos are typically covering something more universal in marketing, like storytelling. Broader audience stuff. So when I force myself to post more video here, it will be broader audience stuff. 

👉 YouTube Shorts are freaking hard to figure out. If anyone has insights, I'm all ears. 

👉 We're hiring an Instagram specialist or a killer Instagram content agency, if we can find one.

taplio

The Battle

Matt Lerner

Joanna Wiebe

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taplio

The Battle

Matt Lerner

Joanna Wiebe

Followers

Posts

Engagements

Likes

Performance Score.css-goub6s{font-size:var(--chakra-fontSizes-md);font-weight:500;color:var(--chakra-colors-gray-600);display:block;margin-top:var(--chakra-space-1);}Matt Lerner's LinkedIn Performance

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Performance ScoreMatt Lerner's LinkedIn Performance