Simon Sinek is a powerful leader, author, marketer and public speaker. He has one of the most watched TED talks in the world and his books are best sellers. But I first came across Simon in a speech that he gave in 2013 at the 99U Conference. At the time he wasn’t that famous but I knew instantly that he was going to be wildly successful and that I’d found a kindred spirit.
Growth hacking is the application of the mindsets and tools of a computer hacker to the challenge of growing a company. Basically, growth hacking is what happens when software developers try to do marketing. The essence of the growth hacking mindset is the scientific method and an iterative rapid prototyping approach to marketing. This type of marketing can be faster, cheaper and more effective than traditional marketing so growth hacking is becoming popular in many industries.
New Zealand has normally been pretty slow to adopt global trends in sales, marketing and design. As far as I can tell, there are still only a small number of New Zealand companies such as Vend, TradeMe and 90 Seconds TV that are applying growth hacking techniques to rapidly expand their businesses. I’m hoping to find more people doing growth hacking in New Zealand to swap stories and share lessons learned.
I have been away from New Zealand for over five years. Life in New York and London moves pretty fast, so coming home to little old New Zealand has been quite a shock to the system. But the country is waking up to a more global worldview and embracing design and creativity. It turns out that things in paradise have changed a lot recently. I thought I’d take a moment to share some of the biggest changes that have occurred in my absence.
The best thing I did for my career last year was becoming a mentor for 500 Startups. Mentoring is a great chance to give back and to contribute to your local community. I found that being a mentor also had some great side-effects such as exposing me to fresh perspectives, clarifying my thinking on industry issues, and building my professional network.
When I moved to New York, I decided that it was time to start giving more back to the startup community, so I contacted the 500 Startups team about becoming a mentor. 500 Startups is one of the leading accelerators and seed stage investors in the world. Their new marketing-focused investment fund is called 500 Distro (short for distribution) and they had a couple of new portfolio companies in New York that seemed like a potential fit, so I started mentoring one of them in February.
For the first half of my career I worked in professional services, first as a lawyer, then in management consulting, design, and most recently digital marketing. To be honest, all of these consulting disciplines blurred into one because the fundamental mechanics were so similar. The day-to-day issues like client management, project management and billing are the same in pretty much every external consulting firm. Even the larger issues are also pretty much the same, how to help the client sell more, connect with their audience, and build their reputation. But moving in-house to work in marketing was a rude awakening. In-house marketing as part of an internal growth team is very different from external consulting.
I joined the SeedInvest team in New York just over a year ago. SeedInvest is an equity crowdfunding platform focused on angel investing and venture capital for technology companies.
When I first moved to the USA I looked at the West Coast online investing platforms like Fundersclub, Wefunder and AngelList. In the end, I chose to join SeedInvest because (like Seedrs whet I worked in the UK) they had focused on building a business that takes early-stage investing seriously and treats equity crowdfunding like a smaller version of high-end investment banking rather than a form of charity or gambling.
Alex Tynion from SeedInvest and I sat down recently to talk through some of the things that we’ve learned from helping the first few companies who have “tested the waters” under the new Reg A equity crowdfunding rules. Regulation A is an equity crowdfunding rule that allows private companies to raise money from the general public. So far, we have helped three companies on SeedInvest to reach over $10M in indicated interest from over 2,000 people each.
There are some common mindsets and practices that we’ve seen across the companies that have been most successful with equity crowdfunding.
I vehemently disagree with a lot of this article, but it’s so well written that I just had to share it. Murad Ahmed from the Financial Times neatly captures the changes that are happening in the London startup scene and the increase in angel investing and venture capital in Europe.
For 4 years I lived through the heyday of this boom in UK startup funding. But my experience was that to go along with the increase in investors, there has been a corresponding increase in startups so that the two have balanced each other out. The good startups that get funded by good investors are still dedicated, hardworking and humble.
I’ve reproduced the article from the Financial Times site below because the article is so important as a record of a certain time in London’s startup scene and it would be a shame to lose it. You can see the original article, if it’s still visible on the FT site.
Enter FT journalist Murad Ahmed…
The Lean Branding process consists of strategy, messaging and design. Of these three, messaging and copywriting is often the hardest to apply lean principles to. Language can be very subjective, so judging how best to create copy in a fast-paced environment is not easy. There are a few lessons I’ve learned from creating copy to help express a refreshed brand position.
Copy and messaging is where your brand comes to life in the written word. People are visual creatures, but language is still one of the most powerful ways to communicate and persuade. In almost every industry copy and messaging is a vital part of bringing the brand to life.
One of my favorite marketing books to refer to for ideas is Traction: A startup guide to getting customers by Gabriel Weinberg and Justin Mares. Their first edition was also available as an audiobook on Audible. They are now in the process of publishing a 2015 second edition so I thought I’d take a moment to share some of my favorite parts of the book. Continue reading Traction: A startup guide to getting customers