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Traction & Exit…The End of the Beginning In2Lex Startup Advantage Conference 4/18/11 Robert Pease, VP Marketing @Gist -> Marketing at Research In Motion @ReplyToAll
Last Slide First Have a plan, make changing it painful, realize it will be wrong Master your funnel mechanics – get traction, scale follows Know your strategic landscape The deal is just the beginning (not the end) #suadv Robert Pease/@ReplyToAll You can thank Zach Nelson CEO of Netsuite for this slide
Plan vs. Reality #suadv Robert Pease/@ReplyToAll
2x.5 – Twice as long, half as much User growth plans – forecast vs. actual #suadv Robert Pease/@ReplyToAll
Mitigate technology AND market risk #suadv Robert Pease/@ReplyToAll
Know your target customer….by name #suadv Robert Pease/@ReplyToAll
Rev the Engine #suadv Get Attention Keep Attention Get Paid ,[object Object]
Social Engagement
Sponsored Content
Paid Distribution
Events
Affiliates
Direct Outreach
Ads*

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In2Lex 2011: Traction and Exit (The End of the Beginning)

Notas del editor

  1. I am an operatorMy experience, my opinion2-2-1; 10 yr results from the VC fund of “me”
  2. Think thru what you want to do, then start doing it. Pivot is not a point of pride. Iterate and learn but if you are not focused/knowledgeable on a problem out of the gate, then it will be a rough rideMarketing success is best viewed thru the sales pipeline regardless if you have sales people on staff or not – actually your goal is to close customer without a single touch – then swarm them with support. Sales = supportKnow the players, the pieces and the dynamics. When Co A buys B, see if your landscape provide a frame of reference and justificationThis is not about starting a business (startup) this is about running a business and one path out is to become part of someone else. Other paths include a brick wall and doing it alone. Do not be obsessed with exit.
  3. Have a plan and make changing it painfulKnow it and recite it
  4. When you start you have hypothesis and assumptionsYou will overstate your successYou will learn as you goYour forecasts will become better based on your operational knowledgeStartups are hard…
  5. Technical Risk – does it work?Market Risk – does anybody care…and will they pay for it?
  6. Talk to them oftenThey won’t want to hurt your feelingsBefore->During->AfterWrite a narrative…That people care aboutAnd you can cost-effectively reach themIdentify and plan for latent vs. realized demand
  7. There is only 1 silver bullet and it is coors light – marketing will not save youLaunch is a process not an eventIf you product sucks, your product sucks and users will vote with their attention
  8. This ad first appeared in 1958Business fundamentals do not changeDon’t think this time is differentThe tools, tactics, and technology may be but people still make buying decisions
  9. InternalSpread the word – deal team + knows you..Who can you help, what is your expertise, don’t want to be toldYou will have more process than you had before