Presented by Ju-Don Marshall Roberts
September 2013
10 Lessons From Startup Land
☞17 years at The Washington Post
☞Restart no. 1: NewsCorp-owned Beliefnet
☞Restart no. 2: Beliefnet was sold; had to
start over, rebuilding and training new
team for the new company
☞Restart no. 3: Everyday Health
☞Various work with startups
About Me (AKA Do I really know
what I’m talking about?)
☞They Might Come
 If they know and trust you
– your personal brand
‒ What have you already
done?
 If you can sell yourself
effectively
‒ Are you believable?
‒ Are you credible?
Lesson 1: If “You” Build It…
☞They Might Come But They Won’t Stay
Without a Fight
 Don’t rest on your laurels
 As fabulous as you/your
idea/your product are, you
will be in a death match for
audience and revenue
Lesson 2: If “You” Build It…
☞Good ideas don’t always make good businesses
 What problem are you solving?
 Do a substantial number of people care about the
problem and need the solution?
 Do you have the skills, time, resources to make it
work?
 And even if all else is true, is it worth your time?
(ROI)
Lesson 3: Have a Plan,
Not Just an Idea
☞Build a team that you trust and that trusts you
 Hire people with passion
 Strive not to be the smartest person in the room
 Encourage independent thinking
 Build a culture, not just a business
Lesson 4: Teamwork Makes
the Dream Work
☞Your passion is your driving force
 Allows you to effectively motivate your team and
yourself
 Provides inspirational leadership
☞Unchecked emotions are dangerous
 Leads you to blind adherence or belief in your
own ideas in spite of indicators or team feedback
 Results in erratic decision-making
Lesson 5: Lose the Emotion;
Keep the Passion
☞Good ideas need time to grow
 Do your due diligence to make
sure your ideas are sound and
then give them time to work
☞Avoid chasing every shiny new
penny
 Distractions will likely be corrosive
and impact the execution of your
actual priorities
Lesson 6: Stay Committed
☞Recognize when a
strategy is flawed
 Wrong assumptions
 Marketplace changes
 Audience shifts
☞Seize the opportunities
you cannot afford to
miss
Lesson 7: Know When to Pivot
☞Build a solid foundation
 Make sure what you create or
sell is replicable and scalable
 Invest in the infrastructure,
teams, technology to
adequately support your
initiatives
Lesson 8: Bigger Is Not Always
Better – at Least Not Immediately
☞ Define your brand or others will define it for
you
 Your Advertisers
 Your Competition
☞ What’s your key differentiator?
Lesson 9: Be True to Yourself
☞Never stop challenging your
assumptions
 Why won’t your product work
“tomorrow”?
☞Figure out the game-changer in your
niche and become it
 Lessons from legacy media
 Gamification
Lesson 10: Don’t Fear the
Disruption; Be the Disruption
☞Stay laser-focused on what
you are trying to accomplish.
 Don't let VCs, funders or staff allow scope
creep to kick in. If you have a great idea,
then don't let anything get in the way of
building or perfecting that.
☞ Avoid growing too fast.
 Quick success doesn't mean long-term
success, so stay cheap until the long-term
path is clearer. No big staff expansion or
fancy real estate.
Jim Brady
President & Editor,
Digital First Media
Founding GM TBD
@jimbradysp
Advice From Founders
☞Turn a competitor into a mentor
 Build a partnership, where you share ideas with
each other, ask questions, and build a mutually
beneficial relationship. Befriending your
competition and developing a pathway to
strengthen both businesses is what some of the
most successful entrepreneurs are doing today.
☞Ask the “dumb” questions
 I see a lot of bright young people miss great
opportunities simply because they were too
embarrassed to ask for clarification. … There's a
big difference between confidence and hubris. It's
easier to be flashy and act cocky. It's a lot harder to
find quiet inner confidence and to be comfortable
asking people for help, or admitting when you
don't know something.
Advice From Founders
Amy Webb
Founder and CEO
Webb Media Group
@webbmedia
☞Dig deep to find your
purpose. It matters for
everything.
☞Don’t underestimate the
work required.Hamet Watt
Cofounder
bLife and MoviePass
@hametwatt
Advice From Founders
☞Establish a terrific group of
advisers.
☞Avoid not having a detailed
and executable Action Plan
 You have to prioritize what is really
important from what is not.
Greg Behrman
Founder & CEO,
NationSwell
@GregBehrman1
Advice From Founders
☞Establish shared values
 Talk openly with your founding team and establish
your shared values. Then hire for them, teach
them and be true to them.
☞Don’t blindly adhere to a model
 Your model helps you understand the levers in
your business, but it's always wrong in ways you
don't expect.
Tom Gerace
Founder & CEO,
Skyword
Founded Gaither
@tomgerace
Advice From Founders
☞Have a partner
 Building a company is hard - it's a big existential
struggle - and nothing improves one's odds of
success more, or makes the process more
enjoyable, than a another person to share the
crusade.
☞ Avoid Editing Yourself
 In the face of bleak prospects or long odds, the
tendency is to second guess and to avoid risk,
i.e. to narrow the vision, and to be quick to
dismiss "crazy" ideas.… This doesn't mean that
you embrace every half-baked idea, but that you
allow ideas to live for a while, before settling on
a course of action. Innovation is a very fragile
process, and it can be so easily killed without
sufficient vigilance.
Oliver Ryan
Founder & CEO,
Social Workout
@eauryan
Advice From Founders
Thank You!
https://twitter.com/jmarroberts
http://www.linkedin.com/in/jmarroberts
https://www.facebook.com/jmarroberts
ju-don@ju-don.com
jmrmediaconsulting@gmail.com

New Media Women Entrepreneurs Summit

  • 1.
    Presented by Ju-DonMarshall Roberts September 2013 10 Lessons From Startup Land
  • 2.
    ☞17 years atThe Washington Post ☞Restart no. 1: NewsCorp-owned Beliefnet ☞Restart no. 2: Beliefnet was sold; had to start over, rebuilding and training new team for the new company ☞Restart no. 3: Everyday Health ☞Various work with startups About Me (AKA Do I really know what I’m talking about?)
  • 3.
    ☞They Might Come If they know and trust you – your personal brand ‒ What have you already done?  If you can sell yourself effectively ‒ Are you believable? ‒ Are you credible? Lesson 1: If “You” Build It…
  • 4.
    ☞They Might ComeBut They Won’t Stay Without a Fight  Don’t rest on your laurels  As fabulous as you/your idea/your product are, you will be in a death match for audience and revenue Lesson 2: If “You” Build It…
  • 5.
    ☞Good ideas don’talways make good businesses  What problem are you solving?  Do a substantial number of people care about the problem and need the solution?  Do you have the skills, time, resources to make it work?  And even if all else is true, is it worth your time? (ROI) Lesson 3: Have a Plan, Not Just an Idea
  • 6.
    ☞Build a teamthat you trust and that trusts you  Hire people with passion  Strive not to be the smartest person in the room  Encourage independent thinking  Build a culture, not just a business Lesson 4: Teamwork Makes the Dream Work
  • 7.
    ☞Your passion isyour driving force  Allows you to effectively motivate your team and yourself  Provides inspirational leadership ☞Unchecked emotions are dangerous  Leads you to blind adherence or belief in your own ideas in spite of indicators or team feedback  Results in erratic decision-making Lesson 5: Lose the Emotion; Keep the Passion
  • 8.
    ☞Good ideas needtime to grow  Do your due diligence to make sure your ideas are sound and then give them time to work ☞Avoid chasing every shiny new penny  Distractions will likely be corrosive and impact the execution of your actual priorities Lesson 6: Stay Committed
  • 9.
    ☞Recognize when a strategyis flawed  Wrong assumptions  Marketplace changes  Audience shifts ☞Seize the opportunities you cannot afford to miss Lesson 7: Know When to Pivot
  • 10.
    ☞Build a solidfoundation  Make sure what you create or sell is replicable and scalable  Invest in the infrastructure, teams, technology to adequately support your initiatives Lesson 8: Bigger Is Not Always Better – at Least Not Immediately
  • 11.
    ☞ Define yourbrand or others will define it for you  Your Advertisers  Your Competition ☞ What’s your key differentiator? Lesson 9: Be True to Yourself
  • 12.
    ☞Never stop challengingyour assumptions  Why won’t your product work “tomorrow”? ☞Figure out the game-changer in your niche and become it  Lessons from legacy media  Gamification Lesson 10: Don’t Fear the Disruption; Be the Disruption
  • 13.
    ☞Stay laser-focused onwhat you are trying to accomplish.  Don't let VCs, funders or staff allow scope creep to kick in. If you have a great idea, then don't let anything get in the way of building or perfecting that. ☞ Avoid growing too fast.  Quick success doesn't mean long-term success, so stay cheap until the long-term path is clearer. No big staff expansion or fancy real estate. Jim Brady President & Editor, Digital First Media Founding GM TBD @jimbradysp Advice From Founders
  • 14.
    ☞Turn a competitorinto a mentor  Build a partnership, where you share ideas with each other, ask questions, and build a mutually beneficial relationship. Befriending your competition and developing a pathway to strengthen both businesses is what some of the most successful entrepreneurs are doing today. ☞Ask the “dumb” questions  I see a lot of bright young people miss great opportunities simply because they were too embarrassed to ask for clarification. … There's a big difference between confidence and hubris. It's easier to be flashy and act cocky. It's a lot harder to find quiet inner confidence and to be comfortable asking people for help, or admitting when you don't know something. Advice From Founders Amy Webb Founder and CEO Webb Media Group @webbmedia
  • 15.
    ☞Dig deep tofind your purpose. It matters for everything. ☞Don’t underestimate the work required.Hamet Watt Cofounder bLife and MoviePass @hametwatt Advice From Founders
  • 16.
    ☞Establish a terrificgroup of advisers. ☞Avoid not having a detailed and executable Action Plan  You have to prioritize what is really important from what is not. Greg Behrman Founder & CEO, NationSwell @GregBehrman1 Advice From Founders
  • 17.
    ☞Establish shared values Talk openly with your founding team and establish your shared values. Then hire for them, teach them and be true to them. ☞Don’t blindly adhere to a model  Your model helps you understand the levers in your business, but it's always wrong in ways you don't expect. Tom Gerace Founder & CEO, Skyword Founded Gaither @tomgerace Advice From Founders
  • 18.
    ☞Have a partner Building a company is hard - it's a big existential struggle - and nothing improves one's odds of success more, or makes the process more enjoyable, than a another person to share the crusade. ☞ Avoid Editing Yourself  In the face of bleak prospects or long odds, the tendency is to second guess and to avoid risk, i.e. to narrow the vision, and to be quick to dismiss "crazy" ideas.… This doesn't mean that you embrace every half-baked idea, but that you allow ideas to live for a while, before settling on a course of action. Innovation is a very fragile process, and it can be so easily killed without sufficient vigilance. Oliver Ryan Founder & CEO, Social Workout @eauryan Advice From Founders
  • 19.