Ep. 22 ROI guide for startup marketers | Rapti Gupta, Head of Marketing at Aavaatar Venture, a fractional CMO and prev. CMO at Bugasura
Tue Nov 11 2025
Here's the truth: most startup marketers can't prove their campaigns drove revenue.
They're trapped between "we need more leads" and "can you show ROI?" Armed with incomplete data, conflicting dashboards, and a founder who compares them to their friend's company.
Rapti Gupta has lived this reality for over 13 years at startups, from bootstrapped to funded companies. Now, as Head of Marketing at Avataar Ventures, fractional CMO, and former Bugasura CMO and co-founder, she reveals the frameworks that actually work: tracking metrics before the pipeline shows up, building attribution without complex tools, and actual examples from her experience. This conversation will change how you approach ROI forever.
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In this episode, you'll learn:
- (00:00) Intro
- (02:42) First mistake: jumping into channels before understanding your ICP and what to say
- (14:49) Your job as a marketer: walk into chaos, come back with insights
- (15:36) Pipeline minus one framework: 5 leading indicators to track before pipeline appears
- (31:54) Setting expectations with founders: Do they want control, clarity, or quality?
- (43:06) First principles thinking: Use LLMs to create context-specific marketing strategies
- (48:17) Dealing with shiny object syndrome
- (52:45) First principles framework: ICP-driven marketing is about appealing to emotion
- (55:12) Channel selection: the 3C framework (Clarity, Compounding, Control)
- (01:07:40) Instamojo attribution case study: Micro-influencer campaign on YouTube delivered 60% conversion
- (01:11:51) GTM Week conference case study: 500 attendees drove revenue with zero formal attribution tracking
- (01:20:55) How to justify TOFU budget: Prove organic experiments work, show results, then scale with small investments
- (01:37:46) Metrics to track by stage of startup growth
- (01:44:50) Marketing attribution stack: Use tools you understand, always reduce complexity
- (01:51:41) 3C channel framework: Clarity, Compounding, Control
- (02:02:07) Budget philosophy: 80% proven channels, 20% experimentation
- (02:05:54) Speed vs perfection
- (02:09:24) How much time to spend on struggling channels to show a repeatable path to SQL
- (02:14:31) The AI shift - how LLMs are rewriting marketing ROI
- (02:33:21) 30-60-90 Day plan
- (02:46:29) Action item this week: Audit your attribution hygiene and create one dashboard that both sales and marketing understand
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Where to find Rapti:
https://www.linkedin.com/in/raptigupta/
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Referenced:
Link to "The State of B2B AI SEO Beyond 2025 Report" by LeadWalnut - https://leadwalnut.com/enterprise-seo-cmo-report-2025?utm_source=MHM&utm_medium=email&utm_campaign=LW-cmo-report
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Follow Marketers Help Marketers:
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- Website - https://www.marketershelpmarketers.com/
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Here's the truth: most startup marketers can't prove their campaigns drove revenue. They're trapped between "we need more leads" and "can you show ROI?" Armed with incomplete data, conflicting dashboards, and a founder who compares them to their friend's company. Rapti Gupta has lived this reality for over 13 years at startups, from bootstrapped to funded companies. Now, as Head of Marketing at Avataar Ventures, fractional CMO, and former Bugasura CMO and co-founder, she reveals the frameworks that actually work: tracking metrics before the pipeline shows up, building attribution without complex tools, and actual examples from her experience. This conversation will change how you approach ROI forever. -------------- In this episode, you'll learn: - (00:00) Intro - (02:42) First mistake: jumping into channels before understanding your ICP and what to say - (14:49) Your job as a marketer: walk into chaos, come back with insights - (15:36) Pipeline minus one framework: 5 leading indicators to track before pipeline appears - (31:54) Setting expectations with founders: Do they want control, clarity, or quality? - (43:06) First principles thinking: Use LLMs to create context-specific marketing strategies - (48:17) Dealing with shiny object syndrome - (52:45) First principles framework: ICP-driven marketing is about appealing to emotion - (55:12) Channel selection: the 3C framework (Clarity, Compounding, Control) - (01:07:40) Instamojo attribution case study: Micro-influencer campaign on YouTube delivered 60% conversion - (01:11:51) GTM Week conference case study: 500 attendees drove revenue with zero formal attribution tracking - (01:20:55) How to justify TOFU budget: Prove organic experiments work, show results, then scale with small investments - (01:37:46) Metrics to track by stage of startup growth - (01:44:50) Marketing attribution stack: Use tools you understand, always reduce complexity - (01:51:41) 3C channel framework: Clarity, Compounding, Control - (02:02:07) Budget philosophy: 80% proven channels, 20% experimentation - (02:05:54) Speed vs perfection - (02:09:24) How much time to spend on struggling channels to show a repeatable path to SQL - (02:14:31) The AI shift - how LLMs are rewriting marketing ROI - (02:33:21) 30-60-90 Day plan - (02:46:29) Action item this week: Audit your attribution hygiene and create one dashboard that both sales and marketing understand -------------- Where to find Rapti: https://www.linkedin.com/in/raptigupta/ -------------- Referenced: Link to "The State of B2B AI SEO Beyond 2025 Report" by LeadWalnut - https://leadwalnut.com/enterprise-seo-cmo-report-2025?utm_source=MHM&utm_medium=email&utm_campaign=LW-cmo-report -------------- Follow Marketers Help Marketers: - Newsletter - https://marketers-help-marketers-newsletter.beehiiv.com/ - Website - https://www.marketershelpmarketers.com/