The New Metric

Chris Elsheikhi, VP Demand Generation at Usercentrics, on eighteen years of selling categories before the market was ready. On-demand taxi apps. Creator commerce. Now privacy-led marketing, where consent is the new performance metric and 40 percent of conversion data is invisible without it.

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Season 5, Episode 82

"Consent is now a performance metric. Trust is the new marketing."

Eighteen years across music, on-demand transport, creator commerce and privacy-led marketing. Chris Elsheikhi on what he has learned about selling categories the market doesn’t know it needs yet, why 40 percent of conversion data is invisible without consent, and why trust has graduated from a soft brand concept into a quantifiable performance metric.

Chris Elsheikhi has made a career of arriving in a category just before the rest of the market wakes up to it. As UK General Manager at Gett he launched on-demand taxi booking in British cities outside London, before Uber had its UK launch. At Spring, formerly Teespring, he led the revenue function from 90 million dollars to 160 million, and spearheaded the YouTube Merchshelf and Instagram Shopping integrations that opened creator commerce to a generation of creators who had been wary of over-monetising their fans. He has spent the past three and a half years as a fractional Chief Marketing Officer and Chief Revenue Officer for Lisbon startups.

In this conversation with host John Horsley, Chris Elsheikhi sets out the 40 percent blindspot from Usercentrics’s 10,000-respondent study on brand trust, defends the argument that consent rate is the new performance metric, explains the hamster-wheel trap of running more A/B tests on dirty data, and connects the rise of AI discovery (95 percent of business searches, by his estimate, now happening inside an AI engine) to a practical set of recommendations for LLM-friendly SEO.

Elsheikhi has built his career by selling products people had not yet realised they needed: on-demand taxis before Uber’s UK launch, creator commerce when influencers were still shy about monetising fans, and now privacy-led marketing at Usercentrics.
At one million dollars of ARR, one mis-fired campaign can end a company. After three and a half years of fractional GTM work in Lisbon, his conclusion is that capital in the tank matters more than raw ambition for breakout success.
Usercentrics’s 10,000-respondent study shows platforms are blind to roughly 40 percent of conversion data without consent. Modelled data fills the gap with assumptions. Opting in is the only clean signal, and Google Consent Mode combined with a CMP can recover the missing visibility.
Consent rate is the new performance metric. A customer comfortable enough to share data, join a newsletter or subscribe to a membership programme has given the cleanest signal in the post-cookie era. Trust has graduated into a quantified number.
95 percent of business searches now happen on AI engines. A Usercentrics/SEMrush study suggests sites with robust trust and compliance infrastructure may be favoured by LLMs. Reddit community presence matters for the same reason. Thought leadership is the cheapest distribution channel left, and only 3 percent of LinkedIn users post three times a week.
01From Edinburgh music studios to Lisbon demand gen: an eighteen-year category-creation arc
02Why one marketing mistake can end a million-dollar-ARR company
03The 40 percent blindspot: why conversion data is lying to you
04Consent as a performance metric in the post-cookie era
05AI discovery, LLM-friendly SEO, and why 95 percent of searches now happen on AI engines
Key Exchanges 05
01 Three categories. What connects them?

"Selling things to people that they don’t know they need yet, but they desperately do."

On-demand taxis in UK cities outside London as Uber was preparing its own launch. Creator commerce when YouTubers were still shy about selling to fans. Privacy-led marketing now, inside the consent banner. Elsheikhi frames his career as a pattern of market education: arrive before the rest of the industry has named the problem, and educate customers into the category.

02 What separates scale-ups that take off?

"Controversial take: you need the resources behind you. One mistake wipes you out at a million dollars."

Elsheikhi spent three and a half years running a fractional GTM consultancy in Lisbon for pre-revenue to ten-million-dollar startups. His conclusion: founders have to get the capital stack right first, or a single mis-fired campaign ends the company. Bootstrapping works, but it narrows the margin for error to almost nothing.

03 How is marketing really changing in a post-cookie world?

"Google or Meta only sees 60 percent of your conversion data. The other 40 is modelled noise."

Usercentrics’s 10,000-respondent study found that on average 40 percent of users decline to share conversion data. Platforms compensate with AI-modelled attribution, which Elsheikhi considers one of the bigger errors in current demand generation. Google Consent Mode combined with a proper CMP can recover visibility into the 40 percent and restore clean signal.

04 What does consent as a performance metric really mean?

"When a customer consents, they are offering you all their data. That’s the cleanest signal you can optimise for."

Trust has become a buzzword, but Elsheikhi argues it has a specific operational meaning now. The consenting customer is comfortable enough to opt into a newsletter, click the cookie banner, or join a membership. That comfort is quantifiable, and it produces a cleaner data set than any modelled attribution. The hamster-wheel analogy: you can run more A/B tests and spend more on channels, but the underlying signal is what has changed.

05 AI discovery and the new SEO

"95 percent of business searches now happen on an AI engine. A compliant site appears to rank better inside LLMs."

Elsheikhi’s Usercentrics team ran a joint study with SEMrush suggesting, without stating it explicitly, that sites with a healthy trust and compliance setup are favoured by LLMs. He frames this as a working hypothesis worth testing, and connects it to the wider change in discovery: sites now answer to bots as much as to shoppers. Community presence matters for the same reason. LLMs crawl Reddit heavily, and favourable community coverage surfaces in an answer before a branded campaign does.

30 Minutes
S5 E82 Season & Episode
40% Proportion of Conversion Data Invisible Without Consent
95% Business Searches Now Happening on AI Engines

"Three percent of LinkedIn users post three times a week."

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Season 5 Episode 82
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Full Transcript SEO & AI indexed
Season 5 E82  ·  Chris Elsheikhi, VP Demand Generation, Usercentrics
Lightly edited for readability.

Host Walk me through the career.

Elsheikhi The thread is selling things to people that they don’t know they need yet but they desperately do. At Gett I was UK General Manager launching on-demand taxi booking outside London as Uber was about to launch. Then Los Angeles, Teespring, helping creators sell to their fans when creators were still timid about over-monetising. Now Usercentrics in Lisbon. Privacy-led marketing. Consent as a performance metric.

Host What separates scale-ups that break out?

Elsheikhi Controversial take. Resources. One marketing mistake at a million dollars of ARR can wipe you out. Founders need the capital in the tank to survive a bad quarter. Bootstrapping is possible, but it narrows the margin for error to almost nothing.

Host Brand and demand. How do you balance them?

Elsheikhi Capture demand first. Live off the scraps. Find a handful of customers, create the narrative, get the case studies, shape how you communicate. Then the brand arc emerges from the demand story. Laying the tracks.

Host Metrics that matter now.

Elsheikhi We ran a study across 10,000 internet users. When you get a conversion on your website, Google or Meta is only seeing 60 percent of the data. The other 40 percent did not opt in. Platforms fill that with modelled data, which is full of assumptions. Optimise on the consent rate. That’s the clean signal.

Host Consent as the new performance metric.

Elsheikhi Trust is a buzzword, but it has a concrete meaning now. A customer is comfortable enough to give you their data. To opt into your newsletter. To click the cookie banner. To join the membership programme. That’s a true first-party signal. The hamster wheel is running more A/B tests and opening more channels. Marketing has changed underneath us.

Host An analogy you’ve been working on.

Elsheikhi At Teespring the mega creators with 15 or 20 million subscribers sold less than the niche ones with 5 or 10 thousand. The smaller creators were talking directly to a deeply engaged group. That’s the parallel with consent. Customers who opt in are telling you they care enough. That’s a small audience you can really monetise.

Host AI discovery.

Elsheikhi 95 percent of business searches now happen on an AI engine. Shopify just launched a ChatGPT integration where the store surfaces inside the chat. Our study with SEMrush suggests, without stating it explicitly, that sites with robust trust and compliance setups are favoured by LLMs. LLM-friendly structured content is the new SEO. LLMs also crawl Reddit heavily. Community coverage matters now.

Host LinkedIn thought leadership.

Elsheikhi Only three percent of LinkedIn users post content three times a week. If you can build the rhythm, it compounds. When I was consulting, I posted every day. My outbound response rates went up. The correlation was direct. The content worked as distribution.

Host Overhyped?

Elsheikhi "I used AI to make this" LinkedIn posts. That’s not a value-add on its own. The work is figuring out what AI is doing in a specific workflow and what the measurable output is.

Host Advice to a younger marketer?

Elsheikhi You don’t have to be the smartest in the room. Be willing to learn and drive as hard as you can. You can pick things up along the way. That’s how impact gets made.