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Meet the hippos

Two social anthropologists who lead every project in person

HIPOPOTESIS is a boutique strategic intelligence firm founded in 2017 in the mountains of Asturias, Spain. We work with companies facing decisions that carry real money and real risk, and we bring the tools of social anthropology to help them decide well.

  • 2017Founded in Asturias
  • 25Countries with local fieldwork
  • 100,000+Learners on LinkedIn Learning

Abdo López and Norah Walsh, co-founders of HIPOPOTESIS

Our story

We started out trying to stop good ideas from failing

2016

A technology company

Months of validation, and the honesty to pivot.

Before HIPOPOTESIS there was a technology company. We spent months talking to the people we thought would use it, and what we heard didn’t match what we had built. So we stopped, and we pivoted. It’s a small thing to write and a hard thing to live, and it taught us what it feels like to be on the other side of a research finding, with your own money and months on the table.

2017

HIPOPOTESIS | Aprende a Emprender

A blog on Lean Startup and Design Thinking, from Asturias.

We had spent a whole day trying to name what came next. Dozens of options, all sensible, none memorable. Late in the afternoon Norah said “hipopotesis” and Abdo laughed, the way you laugh at something you’re about to discard. Then he stopped. Of everything on the list, it was the only name that had made either of us feel anything, and it carried the idea we cared about most: every plan starts as a hypothesis, and somebody has to go and check. HIPOPOTESIS opened in 2017, in the mountains of Asturias, as a blog about how to build a company with Lean Startup and Design Thinking.

2019

Research for founders

Classes, workshops, an accelerator, validation for early teams.

Writing turned into teaching, and teaching turned into doing. We ran classes and workshops, trained founders in qualitative research, went through one of Spain’s larger accelerators ourselves, and then started running the research for the teams instead of only showing them how. The goal was simple and slightly stubborn: fewer startups dying from questions nobody asked in time. We loved that work, and it also taught us the thing that changed our direction: early-stage teams need far more time and accompaniment than they can pay for, and the research we were proudest of belonged next to decisions that could carry its weight.

2022

HIPOPOTESIS | Strategic Market Research

Studies for global brands. H3™ took shape here.

So we took the same way of working to larger companies, as HIPOPOTESIS | Strategic Market Research for global brands: studies across countries, languages and industries, for organisations whose choices moved budgets, launches and entire market entries. Those were the years that turned our habits into a method: qualitative, quantitative and social listening kept answering different halves of the same question, and reading them separately kept losing the answer. H3™ came out of that.

Since

HIPOPOTESIS | Insight-led Strategic Intelligence

Research built around the decision. We turned down an acquisition to stay independent.

Which brings us here. Somewhere along the way we were offered the chance to be acquired. It was a good offer from a good company, and we said no, because we would have dissolved inside it and the way we work would have gone with us. We’d rather grow alongside our clients than inside somebody else’s structure. Insight-led strategic intelligence is our name for research designed around the decision from day one, and this website exists because that work needs more room to explain than a single page. Same two anthropologists, same curiosity, much bigger questions.

The founders

Abdo López & Norah Walsh

We both design, run and read the research ourselves, and between us we run the company too. This is who you’ll be working with.

Co-founder & CEO

Abdo López

Social & Cultural Anthropologist

Abdo is a researcher who also runs the company, and the order matters. He designs studies, recruits, works in the field, analyses and writes the report, and before any of that he settles the question the brief is really asking. He also carries the parts nobody sees on a slide: budgets, timelines, vendor contracts, hiring, the technology we work with, and the final responsibility for what reaches you.

What Abdo leads

  • The question behind the brief, and the design that answers it
  • Fieldwork, analysis and reporting, hands on the work
  • Quality supervision across every part of the company
  • Budgets, timelines, contracts, technology and hiring
  • Final accountability to you, from first call to last slide

Where he goes deep

  • Business anthropology and strategic market research
  • Quantitative methods and social listening, enough to read and challenge both
  • Technology and digital products: tools, data workflows and interfaces tested with users
  • Writing and speaking as The Market Anthropologist

Fascinated byWhere technology, the social sciences, business and strategic market research meet.

More about Abdo

Coming soon: abdolopez.com | The Market Anthropologist

Co-founder & Head of Research

Norah Walsh

Social & Cultural Anthropologist

Norah heads research. She designs the fieldwork, moderates it, analyses what comes back and decides what each finding is allowed to claim. She also runs the research teams and the schedule, which in practice means holding two things together that usually pull apart: the depth a question deserves and the date we promised you.

What Norah leads

  • Fieldwork design, recruitment and moderation
  • The qualitative lens, and the research team behind it
  • The H3™ working groups and how they coordinate
  • Quality standards and delivery dates, project by project
  • What the evidence can and cannot be made to say

Where she goes deep

  • Qualitative market research and business anthropology
  • Design thinking, lean philosophy and futures studies
  • UX and UI research, and human centred design
  • Qualitative analysis, visualisation and computational social science tools

Fascinated byWhere technology, social impact, human centred design and futures studies meet.

What anthropology changes

Six things we believe, and what each one changes in your project

Social anthropology is a way of looking at people. These six habits come from it, and each one changes something concrete in the work you receive.

  1. 01

    Every plan is a hypothesis

    A brief, a business case and a launch plan are all hypotheses. Good ones, usually, but hypotheses.

    What it changes in your project

    • The study is designed so it can prove you wrong as well as right
    • You see the evidence for and against before the money moves
    • Whatever survives that test is what you can safely build on
  2. 02

    People say one thing, do another and mean a third

    The gap between what people declare, what they do and what they feel is where decisions can go wrong.

    What it changes in your project

    • Human Stories, for what people actually mean
    • Heartbeat, for what they say when nobody is asking
    • Hard Evidence, for how many and how much
  3. 03

    Meaning changes with the room

    The same product, message or price means different things in different places, to different people.

    What it changes in your project

    • Fieldwork happens in the country and in the language
    • Local recruiters, and our own seniors moderating
    • Every study designed for the market it is going to
  4. 04

    A finding is worth what it changes

    Research is finished when a decision has been made. The report is one step on the way there.

    What it changes in your project

    • Deliverables built around the decision: what to do, in what order
    • Every recommendation carries the evidence behind it
    • When the evidence doesn’t support the plan, we help you find the way in that does
  5. 05

    Whoever designs the study should be the one who reads it

    Depth can’t be handed over: the context that turns data into meaning gets lost when work changes hands.

    What it changes in your project

    • Abdo and Norah lead in person, from first call to last slide
    • One senior for each lens, never juniors running the room
    • The team is assembled around your question
  6. 06

    Doubt is a tool

    A real opportunity shows up in all three lenses, while a false one gives thin signals that collapse under triangulation.

    What it changes in your project

    • We keep hunting for the evidence that would prove us wrong
    • When the three lenses agree, you can build on it
    • When they disagree, that disagreement is often the finding

The team around the core

The same two people at the centre, a team built for each question

Every project keeps the same core and gets a team chosen for its markets, languages and lenses. Nobody on it is learning the job on your budget.

  1. The coreAbdo López and Norah Walsh

    Design the study, lead the fieldwork and sign off every finding, on every project, from the first call to the last slide.

  2. Senior specialistsOne per lens

    Each with ten years or more in their discipline. Social listening is led by our Head of Social Listening & Intelligence.

  3. Local recruiters and moderatorsIn each market

    People who share the participants’ language and culture, recruited for the country you’re entering, working alongside our own seniors.

  4. Partner network50+ partners

    Panels, fieldwork platforms and analysis software, each one audited before it gets near your study.

    How we audit them
25
Countries with local fieldwork
6
Languages we field in
38,000+
Participants in our studies
8 in 10
Clients who come back within a year
1 in 2
Clients who continue with ongoing tracking

The market, mapped

Where we sit, and why the corner is mostly empty

Every kind of firm on this map is strong at something. Pick one to see its strengths, where it runs thin, and how our work differs.

Pick any kind of firm on the map to compare it with ours.

Kind of firm

Top tier strategy consultancies

Trusted in the boardroom, and usually a long way from the customer.

What the model does well

  • Relationships at C level, and packaging that lands there
  • Cross industry pattern matching at scale
  • Frameworks that structure a messy problem fast

Where it runs thin

  • Delivery often sits with junior teams at senior prices
  • Little direct contact with the people the decision affects
  • The framework arrives before the evidence does

How we differ

We bring the same strategic authority, built on evidence gathered from real people for your question, instead of a template that has travelled from another industry.

Kind of firm

Big 4 advisory firms

Enormous reach, with strategy bundled next to audit, tax and technology.

What the model does well

  • Global coverage and very deep operational benches
  • A single supplier for many kinds of work
  • Procurement relationships already in place

Where it runs thin

  • Generalists, so human insight is one service among dozens
  • Delivery teams are large and often junior heavy
  • Primary ethnographic capability is limited

How we differ

Strategic intelligence rooted in human evidence is the only thing we do, and the two founders are in the room for all of it.

Kind of firm

Anthropological boutiques

Real depth, through one lens by design.

What the model does well

  • Ethnographic and cultural reading of genuine quality
  • Senior attention on a small number of projects
  • Semiotics and meaning making done properly

Where it runs thin

  • Qualitative only, so scale is asserted rather than measured
  • Little or no real-time reading of social conversation
  • Smaller recruitment reach across countries

How we differ

H3™ keeps that ethnographic depth and adds quantitative weight and live social signal, so what you take to the board carries both meaning and size.

Kind of firm

Innovation and design consultancies

Design research, aimed at what gets built rather than what gets decided.

What the model does well

  • Strong design research and rapid prototyping
  • Service and experience design expertise
  • Deliverables you can put in front of a team tomorrow

Where it runs thin

  • Built for execution more than for the decision behind it
  • Quantitative and cultural rigour is usually lighter
  • Outputs speak to product teams, less to the board

How we differ

We answer the question that comes before design: what is worth building, for whom, and on what evidence. The design work lands better afterwards.

Kind of firm

Market research giants

Volume, panels and methods, kept in separate departments.

What the model does well

  • Recruitment networks and panels of real scale
  • Syndicated data and continuous tracking products
  • Established quantitative machinery

Where it runs thin

  • Execution is templated and largely junior led
  • Qualitative, quantitative and social sit in different teams
  • Outputs read as data, and the decision is left to you

How we differ

Senior led, custom and fused. H3™ exists so the three readings meet before they reach you, in one narrative instead of three reports.

Kind of firm

AI research platforms

Fast, cheap, and available to your competitors on the same terms.

What the model does well

  • Speed and scale at very low cost
  • Automated processing and instant dashboards
  • Genuinely useful for narrow, repeatable questions

Where it runs thin

  • No senior judgement deciding what the data means
  • Nuance and context are the first things lost
  • Whatever you can buy, so can everyone else

How we differ

We use AI where it earns its place and say so, and we keep the interpretation human. Our AI Manifesto sets out exactly where the line sits.

Kind of firm

Independent researchers and academics

Excellent expertise, without the infrastructure around it.

What the model does well

  • Deep specialisation, often at academic standard
  • Methodological rigour and genuine curiosity
  • Pioneers of methods the industry adopts later

Where it runs thin

  • One person sets the ceiling on scope and speed
  • No multi method team to triangulate a finding
  • Outputs are rarely framed as business decisions

How we differ

The same rigour, with a senior team around it and a report written for the decision instead of for the discipline.

Blue ocean

HIPOPOTESIS

Insight-led strategic intelligence, built on H3™ evidence.

What we hold together

  • Two founding anthropologists leading in person, with one senior per lens
  • H3™: Human Stories, Heartbeat and Hard Evidence, fused into one reading
  • Bespoke from scratch, designed around your decision and your market
  • Fieldwork in country and in language, with our own seniors moderating
  • A fixed price and a timeline before anything starts

Why the corner stays empty

Holding qualitative depth, quantitative weight and live social listening in one senior team is slow to build, and it doesn’t scale by hiring juniors. That’s why so few firms try.

LinkedIn Learning

Seven courses, and more than 100,000 learners

We teach in Spanish, on the subjects we work with every day: generative AI and its biases, technology, data, and how to find patterns in information.

Straight answers

Questions we get about HIPOPOTESIS

Something else on your mind? Ask us directly. You’ll get an answer from the people who would run the work.

Who founded HIPOPOTESIS?

Abdo López and Norah Walsh, two social and cultural anthropologists from the first graduating class of Social and Cultural Anthropology at the University of Granada. They founded HIPOPOTESIS in 2017 in Asturias, Spain, and still lead every project in person: Abdo as CEO, Norah as Head of Research.

Where is HIPOPOTESIS based, and where do you work?

Our base is in Gijón, Asturias, in the north of Spain. The work happens wherever your market is: we have run local fieldwork in 25 countries and work in six languages, with recruiters and moderators who share the participants’ language and culture.

Why is the company called HIPOPOTESIS?

It’s a play on “hipótesis”, Spanish for hypothesis, with a hippo inside it. Norah suggested it at the end of a long day of naming, and it stuck because it carried the idea we care about most: every plan starts as a hypothesis, and somebody has to go and check. The hippo with glasses is Hype, and checking is his job.

How big is the team?

Small on purpose. The two of us lead every project, with senior specialists around us who each have ten years or more in their discipline, plus local recruiters, moderators and audited partners brought in for each study. There is no junior team for your project to be handed to.

Are you independent?

Yes. We were offered the chance to be acquired and turned it down to stay independent, because the way we work wouldn’t have survived inside a larger structure. We’d rather grow alongside our clients.

What does social anthropology bring to market research?

A way of looking at people in their context: what they say, what they do and what they mean, which are often three different things. In practice it means fieldwork in the country and the language, studies designed to prove a plan wrong as well as right, and findings read against the culture they come from.

Do you still teach?

Yes. Abdo and Norah have published seven courses in Spanish on LinkedIn Learning, taken by more than 100,000 people, and they teach at universities, business schools, accelerators and public programmes across Spain. Teaching keeps the method honest, because students ask the questions clients are too polite to ask.

The first conversation is with the two of us

Tell us the decision you’re facing. We’ll tell you which lenses it needs and what it takes, with a fixed price and a date we commit to. If you don’t need us, you’ll hear that first.

  1. You get in touchBy email, through the form or on a video call, whichever suits you.
  2. We ask for the briefEvery detail we need, so the proposal is shaped around what you actually require.
  3. We design the proposalThe approach that answers your objectives, with the timeline and the budget.
  4. Approval, and we beginYou sign off, the paperwork is settled, and the work starts.
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  • Senior researchers only. No juniors.
  • End to end. Design, fieldwork, reporting.
  • No AI automation. Any use, disclosed.