From the podcast · Daniel Ziv
Founders spend too little on marketing
Daniel Ziv of Glilot Capital Partners sees hundreds of startups a year. He says founders almost always budget marketing too low, and are too modest to broadcast the wins they do earn.
Co-founded Fixel and ran it as CEO; Logiq acquired it in 2020. Head of specialization at Ono Academic College.
From episode 31 of Founders' Marketing Compass, aired
The key points
- The pattern
- Israeli founders budget marketing too low, and hesitate exactly when something starts to work.
- The costlier half
- A win from a marketing move that goes untold is a missed opportunity. Attention that lands once and never repeats is money spent to be forgotten.
- The move
- When something works, pour fuel on it. Name the concrete result out loud and put real budget behind saying so.
- What to do
- Talk about the result, not just the marketing move. Budget behind a move that produced nothing just tells a bigger crowd that nothing happened.
I host Founders' Marketing Compass, and I asked Daniel Ziv, a principal at Glilot Capital Partners, what he sees go wrong in founders' marketing. He sees hundreds of companies a year, so the answer is worth sitting with: Israeli founders almost always spend too little on marketing.
Too low, not too high
"Israeli founders usually budget marketing too low rather than too high," Daniel told me. The instinct is caution: keep the burn down, prove the product first, treat marketing as the line you trim. In a market where most of your competitors are doing the same, that caution is not safety. It is a ceiling you set for yourself.
When something works, pour fuel on it
"Once you pick up on something that truly works, it is definitely time to pour more fuel into this machine." It sounds obvious, and yet most founders hesitate right there. They found a channel that converts, and instead of increasing the budget where it works, they keep spreading it across a variety of channels. Daniel also noted that venture lending is a fair tool used wisely: not free money, but a way to fund growth that has already proved itself.
The half founders skip
"Some people are too humble and too modest to actually share their success stories and go out and tell the world how well they have done," he said, tying it to a whole culture that treats not bragging as good manners.
A good marketing move earns attention once. Founders bank the applause and let it fade. Attention that lands once and never repeats is money spent to be forgotten. The sharpest example we talked about was a guerrilla stunt: a payments startup that mailed out iPhones with a bite taken out of the side. The stunt is the easy half. Telling everyone it worked is the half almost everyone skips.
There is one limit
Talk about the result, not just the marketing move. If you put the budget behind a move that produced nothing, you just tell a bigger crowd that nothing happened. The rule is simple: earn the result first (say, an X% lift in sales from activity Y), then promote it so nobody misses it.
The fix, in three moves
Stop underspending, in order
- Budget to proof Fund marketing to the point where you can tell what works, not just to the point where it is cheap.
- Fuel what works The moment something converts is the signal to spend more on it, not to sit back.
- Broadcast the result Say the concrete win out loud, with real budget behind it, before any press release.
Questions and answers
How much should a startup spend on marketing?
Why do founders underinvest in marketing?
What does "pour fuel on what works" mean?
Is broadcasting your wins just bragging?
Sources
Cite as: Etgar Shpivak, "Founders spend too little on marketing", shpivak.co.il, 2 September 2026. https://shpivak.co.il/writing/founders-underinvest-in-marketing
Quotes attributed to Daniel Ziv (Principal, Glilot Capital Partners) are from their conversation on Founders' Marketing Compass, not Etgar Shpivak's words.
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