>As an example, we've gotten more press in the last 24 hours then we have in all of Amplitude's existence.
The spike is certainly welcome. Would you attribute this to the product being invisible to consumers (not something to talk about), or that the company has focused more on the product and revenue until going public, and now it will "do press" (if this is too "forward-looking", a general view on a hypothetical company). How do you measure the impact of public relations in general on the company's objectives?
Has the link between a flamboyant/controversial CEO and press been discussed?
>We hired Morgan Stanley as our lead investment banker. As we were meeting with different banks, they were the only ones who really understood my frustration with the traditional IPO process. They also have the most expertise by far with direct listings. I was expecting a lot of resistance to my views from everyone involved in the process but talking to them was like finding a partner who I wouldn't have to constantly fight to run the public listing process "my way". Colin Stewart at MS is also probably the single most knowledgable individual on IPO/DL capital markets in the entire world.
Was going with Morgan Stanley influenced by the fact Asana did the same. From what I've read, you were both with Benchmark and you're the second to do a direct listing there. Is it a "why change something that works"? If so, was there a "here's what worked, here's what didn't with Asana or Here's how to do it better next time"?
It's very difficult to impossible to measure the impact of PR on the company. I can say that broadly we've not been well known since we started Amplitude and it's driven me crazy as CEO. There are a lot of conversations about product data we just never end up in as a result.
We didn't have someone managing it internally until recently. We just hired some phenomenal communications people and they've done an outstanding job with PR for our public listing (incredible work Darah, Jenna, and JJ!). I'll update you on the results but hopefully we're in many more conversations!
Having a strong point of view helps a lot. You have to find your voice on it. My views on direct listing which is a new hot topic certainly helped a bunch.
We heard the pitch from a number of bankers and it was clear Morgan Stanley's expertise on the process was the best. The fact that they did Asana as well as most other direct listings helped too.
I came to wanting to do a direct listing for Amplitude through my own study of the options. The path of least resistance would have been a traditional IPO.
Your goal during the process is to minimize volatility of your stock. Jumps in the price from imbalances in supply and demand make people unhappy because it means someone is getting a raw deal and there is imperfect information (which is the biggest part of why I don't like traditional IPOs). There was definitely a bunch to learn from previous direct listings where there was higher volatility.
Thanks for taking the time. This thread has been more valuable than any interview you gave. The CNBC one[0] sucked as they invited you but you did not get the chance to speak. I don't know what they were thinking.
>As an example, we've gotten more press in the last 24 hours then we have in all of Amplitude's existence.
The spike is certainly welcome. Would you attribute this to the product being invisible to consumers (not something to talk about), or that the company has focused more on the product and revenue until going public, and now it will "do press" (if this is too "forward-looking", a general view on a hypothetical company). How do you measure the impact of public relations in general on the company's objectives?
Has the link between a flamboyant/controversial CEO and press been discussed?
>We hired Morgan Stanley as our lead investment banker. As we were meeting with different banks, they were the only ones who really understood my frustration with the traditional IPO process. They also have the most expertise by far with direct listings. I was expecting a lot of resistance to my views from everyone involved in the process but talking to them was like finding a partner who I wouldn't have to constantly fight to run the public listing process "my way". Colin Stewart at MS is also probably the single most knowledgable individual on IPO/DL capital markets in the entire world.
Was going with Morgan Stanley influenced by the fact Asana did the same. From what I've read, you were both with Benchmark and you're the second to do a direct listing there. Is it a "why change something that works"? If so, was there a "here's what worked, here's what didn't with Asana or Here's how to do it better next time"?
Thanks again,