Move Over 2012, It’s Time For 2013!

In 2012, I…

 

Discovered and explored the SF Silicon Valley startup scene.

Got involved with Startup Grind.

Expanded my network by a lot.

Drank a lot.

Met some really really awesome people.

Helped some people with their career.

Use  Quora a lot.

Worked at 500 Startups.

Drank some more.

Quora some more.

Started this blog.

Watched a lot of cat videos.

Be broke all the time.

Acquired a lot of knowledge about startups.

Had my name mentioned on PandoDaily.

Had a cameo eating a hamburger on the Bravo Silicon Valley reality TV show.

Watched more cat videos.

Quora some more.

Bought a trampoline for my room.

Dropped out of my masters program.

Talked about making a rap video.

 

In 2013, I will…

 

Lose 15 lbs, & keep it off.

Learn to code. (Ruby on rails)

Blog more.

Be less broke.

Strengthen relationships with some of the awesome people I met in 2012.

Go to Burning Man.

Go to SXSW.

Learn to parallel park well.

Actually make a rap video.

Give that trampoline some love. (20 min 4/7 days)

Install a hammock in my room.

Enjoy more live music.

Travel more.

Move out of California, maybe.

 

I started out 2013 with trying to drunk crash a new years eve party. Turned out to be a family party with 8 year olds dancing in the living room. I also successfully parallel parked by myself on the street (it was a really big spot). I think it’s safe to say 2012 was pretty cool but I anticipate 2013  to be amazing. #YOLO.

 

 

Marketing Growth Hacking Community PR Content Social Media Ninja Guru Rockstar Bitch

Recently I had a conversation with a friend regarding the term “growth hacking”. It’s a term that always stirs up strong opinions. Some people say this term is pure BS and growth hacking is basically marketing.  Others argue that traditional marketing people suck and good growth hackers know how to code, they have a better understanding of product, and are metrics driven.  I’d say neither are wrong. Growth hackers are essentially marketers, but marketers may or may not be growth hackers. Let me start first by defining a classic marketing concept.

Marketing mix: The 4 Ps.

Product: figuring out an item that satisfies what a consumer needs or wants.

Price: How the product is priced. This could tie into branding.

Promotion: How to raise awareness about your product. PR and sales falls into this aspect. I’d say SEM, and social media falls in here as well. SEO probably falls under place, but some things you do for SEO can fall under promotion. There’s an overlap for some stuff.

Place:  Channels of distribution. Convenient places for consumers to access your product or service. For the majority of software tech startups this just means the web, Google Play Store, and the Apple App Store.  You can count the Windows App Store too if you’re marketing to the 3 people using a Windows phone.  I kid. Bill Gates, I love you.

I highlighted product and promotion because in an early stage startup, 2 of the biggest challenges you’ll have will be finding market fit and getting users.  We’ll be focused on the latter stage. If you’re attempting to market or “growth hack” you better have a decent product in place, otherwise it won’t help. You can raise awareness for your product, but if it sucks, nobody will use it. In this stage, the biggest issue we have to tackle with promotion is always noise. There’s so many shit out there, how can I get people to check out my website or app? This question is universal to all founders but the answer may be unique and different depending on your startup.

This is where some will argue growth hackers excel over traditional marketers. They’re coders who understand APIs and can leverage existing platforms to promote the product. While trying to promote a tech product, of course having technical knowledge will help.  Hacking APIs and building integrations are both ways to get users. Having a solid SEO, SEM strategy, great PR, content, and building communities are other ways. Understanding UX, A/B testing, to make tweaks and convert visitors to users will also help.  A good marketer/growth hacker needs to have a strong understanding of product. Do they need to know how to code to do that? No. Would it help? Probably, knowing more will benefit. In my understanding, a growth hacker is pretty much a marketer but in a tech startup, and possibly even more specific to software. They’re also focused solely on the growth aspect while marketing is broader and tied to brand management and various other things. In terms of the argument for growth hackers being superior because they’re more analytical and metrics driven, that’s a false perception of marketers. Good digital marketers are metrics driven and analytical as well.

Sean Ellis defined a Growth Hacker as “a person whose true north is growth.  Everything they do is scrutinized by its potential impact on scalable growth.“ This is the only definition necessary for me. Growth hacker is a very polarizing title. If you title yourself as a growth hacker and you’re not one of the well-known guys or gals with substantial achievements with growth, be warned that many people may see you as a douche.  Besides, have you even acquired any significant traction for your company? Or maybe you are a douche, go fist pump, hate on marketers (even though you are one), and be stuck up somewhere else. If you don’t like the term, then call it marketing. Acknowledge that not everyone who uses the term growth hacking is douche. It’s catchy, and some people are just using it to name a specific type of marketing. Go get laid or drink more. It’ll help with your annoyance.

Let’s not argue over titles and get back on focusing on what’s really important, tackling issues regarding user acquisition and traction. You can call me a marketing growth hacking community PR content social media ninja guru rockstar bitch if you want. I don’t care. I work in an early stage startup where titles don’t matter much. However, execution does. I like marketing, I like growth, and I’ll be focusing on what’s important.  That’s doing whatever’s necessary to maximize user adoption of the product at the lowest possible cost.

If you’re interested, I keep a Fandrop collection of content about startup marketing here. I keep it updated. Enjoy :)

Here’s Obama riding Nyan Cat. I’m good at Photoshop.

Community, Culture, & 500 Startups

I posted this on Hacker News. Follow the conversation here.

For the past 3 months I was privileged enough to be a part of the 500 Startups Team as an intern.  How did I get that much-coveted job? It’s a long story involving a Startup Grind hustling mission, 500 cookies, an InternMatch application, 3 interviews, 500 re-tweets, and a Quora answer. But that’s for another day. This is about my time with 500.

On my first day, Christine Tsai, Partner at 500 Startups, handed me a welcome packet. In it were a few administrative and instructional things along with a section on the 500 Startups culture.  So what does the 500 Startup culture exude?

The culture that 500 Startups fiercely tries to preserve and promote has the characteristic of being “authentic, creative, innovative, collaborative, supportive & transparent”. It is a place where mistakes and failures are ok. You’re encouraged to learn from those experiences, move on, and become better. Here, you’re always encouraged to learn as well as teach. It’s a culture with a pay-it-forward mentality. And most importantly, it’s a culture that encourages working hard, but always having FUN.

That section on culture in the packet ended with a statement saying “our community is amazingly strong and supportive of each other, within our accelerator batch, our founders, our mentors, and overall. We take pride in being #500STRONG.”

Every single part I read in that portion on the 500 culture I have witnessed to be true. 500 Startups make a lot of effort to cultivate, enforce, and preserve this culture of fun and collaboration. Christine heavily scrutinized and considered cultural fit when she hired me and I’m sure she and the rest of the partners heavily weigh in cultural fit when hiring other team members, inviting mentors, and selecting companies.  But why is cultural fit so important when building a company? And why is it necessary in an accelerator?

This heavy emphasis on culture has a highly positive influence on their investment companies. A culture like this fosters innovation. It’s extremely advantageous as an entrepreneur to have access to a strong network of smart people, but it’s even more important that everyone in that network is willing to help each other. One of the greatest values an accelerator provides is not just access to money, but also access to great people. Repeatedly, I see instances where a founder would shoot a message out through our internal communication system asking for an intro to someone or advice on a situation, and within minutes, there are several responses offering help and advice on the matter.  That has tremendous value in an early stage startup where time is scarce and you’re constantly executing in the unknown. It helps to have a welcoming and easily accessible place where you can get assistance from people who have been there and done that.

It’s highly advantageous for an accelerator to have a culture where mistakes and failures are accepted and not punished. This will allow people to take risks and be creative. You can’t experiment and push for innovation without making some mistakes along the way.  This is the reason why Silicon Valley is looked to all over the world as the success model where technology, entrepreneurship, and innovation to thrive. This is why 500 makes it a mission to tell their founders that mistakes are okay.  Fail fast. Fail often.

It’s extremely beneficial for a company to provide an environment of fun. Fun is very good for company morale. Fun keeps people loyal and motivated. Entrepreneurship is an exhausting and crazy emotional roller coaster ride, but the element of fun makes it bearable. When someone loves their job, they are a lot more loyal and productive, and an environment of fun attracts smart and creative talent. I learned a lot at 500. I picked up tips and tricks on pitching, design, distribution strategies, and listened in on conversations about fundraising, but I also had a lot of fun. I got to be completely creative, do a lot of bad Photoshop editing and call it work. I was encouraged to be myself and implement my personality into the social media community management work. I got to jam to gangster rap with Paul, get life advice from James, and hear early days stories of 500 from Melissa. I danced to Baby Got Back with a bunch of crazy geeks along with Dave, George, Bedy, Christine, and Christen.  I got to attend 500’s events and hear some very educational yet very quirky and hilarious presentations. I got to be a part of 500 and it was AWESOME! I know for a fact that the 500 accelerator companies work really hard but they also have a tremendous amount of fun. If you’re going to spend the majority of your time working, love it, and have fun!

It’s impressive how 500 Startups grew to have of such an extensively large, diverse, multinational network of talent while still preserving this amazing culture and tight-knit sense of family.  It’s a great dynamic that stems directly from the personality of the partners themselves and trickles out to the rest of team and family of founders and mentors. When building your company, you too should heavily scrutinize company culture. Because once it grows, culture is damn hard to fix.  The toughest mission Marissa Mayer has as the new CEO of Yahoo is modifying Yahoo’s company culture. Remember this, take it into consideration, and hire very carefully.

During my short 3 months with 500, a lot happened. The firm turned 2 years old, received its first very big exit with Wildfire, launched the WIN Initiative, opened an application process, added Mexican.VC, threw a bunch of awesome events, added a bunch of great companies to their portfolio, and made several strategic hires. All of this while the team is still composed of less than 20 people, not all of which are full time. 500 moves fast. They’re a team of straight hustlers and they invest in companies that hustle hard.  But can you really expect anything else when Dave McClure is the founding partner?

This week is my last week here.  As I’m writing this, I can hear one of the accelerator companies discussing features while there’s a conversation about marketing coming from another corner. I look around and almost everyone else has his or her eyes glued to their computer screen. The beautiful bluish-pink Mountain View horizon sits on the backdrop and I can see the NASA Ames Center not too far away. There’s a pleasant tranquil atmosphere around the office today. It’s nice. I’ll miss this place.  I’ve spent a wonderful 3 months here. Everyone has been asking me this week what will happen after my term is over. Where will I go? What will I do? I don’t know. I’m not entirely sure. Frankly, I haven’t decided yet.  I’m not at all worried about the future though. I’ll be fine. I’ve been indoctrinated into the 500 family and will take this lesson in community and culture with me.  I’ll figure things out, fail, learn, pivot, innovate, and adapt. After all, I’m #500STRONG.

Fail

Fail #1: Went to Bay to Breakers and got wasted on 2 beers because I have such excellent tolerance. Decided it was a good idea to toss my phone and ended up with a broken Android. I spent a whole week looking like an idiot walking around in public making phone calls with my giant laptop.

Fail #2: Locked my car keys in my car with 10 pizzas inside.

Pro-tip: To host a successful event, don’t lock your car keys inside your car with 10 Costco pizza.

Dave McClure is coming to Startup Grind!

Sorry I’ve heard the news from Derek for a while now but couldn’t say anything until we finalized the date. Anyway, I’m super stoked that Dave McClure will be coming to speak at Startup Grind on August 1st, 2012! Everyone in the startup community knows his name, but do we all know how he became the Dave McClure we know today? How did he get started on his career? What was it like in the beginning at 500 Startups? We’ll find out soon. Dave F*cking McClure will tell us himself and it will be epic. You can reserve your ticket here. Mission 500 cookies was a success!

On a completely different note. I started watching Game of Thrones and is now super addicted. This picture’s funny.