I stepped into the Recruiter’s Lounge with Jim Stroud, he interviewed me briefly about my experience with Intellext and my attendance next week at the Online Recruiting Conference here in Chicago.
Category: Entrepreneurship
Entrepreneurship
I’m Outside The “Frothy Bubble 2.0”
Why do I love holiday weekends? Because the major media goes home and there is a ton of great blog posts out there based on people’s core thoughts everywhere I look (including my blog) instead of the major media discussion follow on. In fact, why does David Sifry of Technorati make the mistake of classifying these big media sites as blogs at all if they don’t allow trackbacks, comments and true discussion? David you should really fix that.
What Scoble talks about in his post along with a cast of great comments is interesting and all too accurate. But the notes about lack of retail investor involvement are encouraging, I don’t think we have Silicon Valley restraint to thank for that I think we have Enron and Sarbanes-Oxley (higher cost of doing IPOs and being public now).
In Flickr doesn’t suck, the Don McAskill post states, “Companies triumph over market leaders all the time. They do it by innovating and executing brilliantly.” What a refreshing thought process. Sad to see it on a site discussing 19 zillion unnecessary photo sharing sites that gets tons of traffic discussing this topic, but refreshing nonetheless. So, maybe people are focusing on the businesses that tech guys are building and hyping because they are missing the critical element – business skills, search engine optimization and related expertise. A product manager is someone with a combination of business and technical skills in every successful company I’ve ever been a part of, I doubt this rule will change. People need to think bigger than “Google will buy us”.
What is wrong with Frothy Bubble 2.0? It’s not based on basic business principles like customer satisfaction, unmet needs and workable business models. I can spot this stuff a mile away when I talk. For example, when I went to Search Engine Strategies last month, one Web 2.0 person I know asked me, “Why are you going to such a boring conference, dude?” That sentence wouldn’t be right without the dude would it? Well, I had the time of my life and I learned a ton of great stuff to boot! Meanwhile his project is $100,000 in expenses and no revenue in sight.
So what is there to do? How about looking at some of the business plans I’ve seen that make sense, have revenue models and either go into new markets or attack fundamental basic flaws in the existing search engines? Naw, that would take real work, less photos at parties and it would take brainstorming and thinking outside of the box.
Think about it, pick up the phone if you have a real idea or you are an angel investor – especially if you are one that doesn’t even own a camera – then I really want to hear from you!!!
Guy Kawasaki Interview
Thomas Mulready of CoolCleveland.com interviews Guy Kawasaki via podcast as Guy will be visiting Cleveland on September 6th for a speech.
Thomas talks to Guy about “Art of the Start”:
– evangelist – used more than ever in job sites
– Xerox Parc and mouse and graphical user interface
– the mass of inertia that is against you when you starting a company
– talk about being pissed offness
– if a product or service isn’t good enough that is a good reason to start a company
– just starting a company because you hate them is not good
– what do you look for as a venture capitalist?
– young people who are not proven and a business model that is not proven
– the “Market doesn’t need it” argument is stupid
– dislike of mission statements, prefers a mantra 3 to 4 words long
– to avoid failure you’d have to try nothing – there are many cases of people
who have failed and have come back to win. I burned through $50 million!
– it starts with the universities, the engineering – if I had a choice between $100 million
in venture capital or a great university engaged with what is around it I’ll take the later
– Guy says his speech will be more about what not to do than what to do (this is great!)
– current state of Apple Computer is also discussed
Interesting to hear Guy interviewed outside the valley the vibe and questions are different. Enjoy!
Commercializing Software Ideas via Crowd Wisdom
My friend Peter Harkins has joined this new place called Cambrian House. They are based in Calgary, I’d love to do some marketing for these folks as a trip to Banff or Drumheller would be oh so nice!
“Cambrian House’s mission is to discover and commercialize
software ideas through the wisdom and participation of crowds.
Contributors earn royalties, sharing in the success of the products.”
I could have oh so used this concept for my music business plan from 2003 that went unexecuted! I see great world changing value in the new things that are being created out there that are removing friction from the start up process!
Entrepreneurs Sharing Ideas = Success
Eariler this week, I posted the 7 Reasons Crazy Egg will be Successful. Leading that list is that Crazy Egg was transparent to the world about it’s plans for the service from day 1.
Ironically a few days later, Hiten Shah of Crazy Egg showed me a new site, buildv1, for connecting entrepreneurs. I looked through all of it’s blog posts and there was this gem from a few months back. (UPDATE – THIS POST HAS BEEN DELETED)
Do you get it yet world? Share your ideas, win. Shield your ideas, lose. Please send this post to someone you know who is hiding great ideas and isn’t trusting and living an empty life of non-execution.
Intellext – Dr. Jay Budzik and CEO Al Wasserberger
I sat down with founder Dr. Jay Budzik and CEO Al Wasserberger of Intellext late last week. They vividly explained how Watson helps people change their search experience from active to passive. They are finding new users, early adopters in information technology, bloggers and journalists. If you are looking for Shakira tickets at the United Center, looking at a web page and find Linkedin or Myspace contacts – it can help you. Watson brings traffic to content publishers. The search box, Google, Yahoo!, Technorati currently become the arbiter to when you see it instead of information as you need it. Intellext recently won a US Department of Homeland Security development grant. Dr. Jay’s sets the future context for Watson.
When listening, the first voice after mine is Dr. Jay’s then Al Wasserberger answers the second question…special thanks to Leigh Winter for her time in first explaining Watson to me a few months ago and then arranging this interview. I’ve really enjoyed deepening the relationship with Intellext’s people as they are both brillant about technology and yet business focused – a rare combination. Watson’s value proposition is complex until you reach a certain inflection point then it becomes amazingly simple – finding ways to reduce that cycle time is the secret key and my mind has been buzzing since my visit with ideas!
Prediction: While there are significant and interesting challenges to overcome in education, marketing, change management of the entire Internet and distribution, the core value proposition is sound and the vision is quite clear. While this has quietly lurked out there so far, I truly believe it has the power to be extremely disruptive if consumers can be educated on the convenience of passivity and change their behavior.
UPDATE: August, 2007 – Due to the rebranding of Intellext to Media River, this podcast has been removed. I however would be happy to share it with anyone who contacts me in Chicago to ask for it explaining why it’s relevant to them at this time.
My Next Big Gig
Lots of people ask me for details of what my next leadership role would look like. They want to know my ideas for using traditional sales, marketing and business development in conjuction with strategies to build passionate users and use attendance of events, networking with influencers and blogging about the events themselves to put focus on these issues. So I was challenged to put that together by someone. **I want to be clear that this a corporate and not an agency or consulting perspective!** I’m happy to customize a spec once we have a discussion, please ask!
CUSTOMER EVANGELIST
POSITION
As Customer Evangelist, you will contribute to lowering customer acquisition costs and increasing the frequency of acquisition, remove objections to usage and adoption, drive continuous innovation from customer and partner listening and increase usage frequency. Customers whose lives you touch will be transformed into passionate spokespeople to create positive word of mouth and make YOUR COMPANY the most adored brand in the world leading to high user adoption rates of your product and feature introductions.
This individual is a leader and rainmaker capable of seeing the big picture as well as the finer details. This is a roll up your sleeves, dig in and get it done role. The CEO strives to create a participative and progressive culture and is committed to executive sponsorship of the customer evangelist’s transformational activities to meet priority goals through resource allocation as necessary.
RESPONSIBILITIES
- Role will likely be about 50% (depending on the organization) mix of traditional brand shaping, partnering creation, sales, marketing, viral marketing, data metric and reporting invention, business development and you are always seeking ways to do things differently and better using new technologies and/or techniques like search engine optimization. Create viral acquisition.
- Travels to networking events and conferences targeting early adopters, influencers and generation to listen to customers, potential strategic partners and expand brand awareness. Strive to develop speaking engagements and evangelize YOUR COMPANY’S BRAND AND PRODUCTS as the preferred product distribution channel and consumer’s destination of choice for local purchases.
- Identifies new partnership and distribution opportunities as they arise in networking and communicate them to other team members for analysis of brand implications and then participate in execution.
- Be a critical voice of YOUR COMPANY’s new customer experience blog. This blog profiles unique product usage by customers as well as blogging about conferences attended by Customer Evangelist where you build strong networking relationships. This blog also creates transparency and trust by listening to blogosphere feedback to prioritize feedback for introducing new features and initiatives.
- Participates in blogosphere brand monitoring, conversation and shaping as well as competitive landscape with YOUR COMPANY’s team to build the world’s most responsive and adored brand.
- Places periodic feedback phone calls to existing partners leaders to ask “How are we doing?” and “What can we do better together?”
- Monitors new disruptive technologies (like mobile and location based services), through networking events and other research, in order that they can be embraced. In some countries, PC ownership is low and mobile devices rule, we need an individual to be open to that changing in North America and making our platform flexible and relevant in eventual foreign markets.
- Coordinate with other “voices of the customer” touch points throughout the company to integrate the feedback into the continuous innovation research and scope expansion.
QUALIFICATIONS
- An understanding that flexibility in what your role may periodically require from you, especially in terms of extensive travel, is critical.
- A clear passion for satisfying and listening to customers, disruptive technology, simplifying processes and relationship building through both traditional and new age communications tools. It is required to do the customer profiles that you have had experience bringing out why people do what they do.
- Communicates well with both C-level executives and other groups within and outside the organization. Understands that different types of communication are necessary. Respects the importance of each individual in driving both change and customer satisfaction.
- Previous experience in a hyper growth company which utilized technology to transform customer experiences in a learning, innovation and highly collaborative, rapidly changing culture.
- Possess a clear passion for networking, search, process simplification, online marketing and customer relationship management.
- Superior command of data models and appreciates the importance of tying together disparate data sources to create value for both customers and the organization while appreciating personal privacy. Previous experience working with Phd’s or heavy engineering types is welcomed and is a definite plus.
- Candidate will have an existing blog with a growing readership of A-list readers.
- B.S., Top 10 MBA strongly desired.
Again, this is a draft document that is a foundation of postition customization (if you are a small startup this would be appropriate to do!) My ability to network and use event attendance in a unique way is one of my emerging and potentially most valuable assets when mixed with my strong strategy and data abilities.
Please read my bio further if this is your first time here.
Thanks!