Episode 41 - Luke Smith

Today’s guest is Luke Smith, the founder and global CEO of Croud – the digital media agency with a pioneering crowdsourcing model.

Luke shares how he left Google in 2011 with the intention of just undercutting the market. But now Croud operates in 120 markets, with 600 people and nearly 3,000 freelance ‘Croudies’, having scaled with private equity investment.

He unpacks why investing in technology early on has been critical, why they chose to acquire Born Social to expand their capabilities, and whether the house-of-brands vs branded house model is right for them.

Luke also describes how Croud has kept its entrepreneurial spirit alive, carefully bringing in the right leaders at the right time. As he puts it, staying nimble is the only way to keep delivering more value for clients without losing your soul.

HIGHLIGHTS:

[03:00] Limitations of traditional agency models

[04:27] Tapping into the crowd

[05:54] Evolving Croud’s business

[08:56] Differentiation through technology

[10:45] Maintaining conviction to invest

[15:28] Avoiding the corporate nonsense

[18:24] The impact of fresh leadership

[19:49] Bridging creative and media

[25:23] Opportunity in disruption

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