NWEN Advisors

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A few months ago, I signed up to be an advisor through the Northwest Entrepreneur Network (NWEN) in a new program that serves as a matchmaker of sorts between entrepreneurs and those that have a bit of knowledge about a particular area of business.  This program is appealing because no one is trying to sell anything to anyone (at least not me) and it is an opportunity to strenghten what is already a strong start up culture here in Seattle…plus I get to meet some really smart people.

In the past couple of weeks I have had two separate meetings that were arranged through this program with entrepreneurs including one this afternoon.  I certainly have a lot of opinions and have had my fair share of start up experiences so I really enjoy having these meetings about go-to-market strategies and tactics.  The role of advisor is very different than consultant or operating executive so I am working on how to best engage to help frame the challenges and possible solutions without getting too involved in the operating details.

Both companies are really cool and I will share more about them as appropriate.  If you are interested in chatting about the go-to-market aspects of your business, drop me a line and I'd be happy to share my thoughts over coffee or a beer.

CoTweet is cool

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I have been enjoying using CoTweet for the past couple weeks after pleading for beta access.  As I am the point guy on Gist’s beta program, I try to grant quick access to those who make the effort to reach out or make some noise about the product so was happy that after a couple of tweets I got access from the CoTweet guys.

My Twitter needs focus on the act & engage dimension of the aforementioned listening framework (I will post more broadly on that shortly).

I needed to main things from CoTweet:

  1. Manage multiple Twitter accounts through a single interface
  2. Some marketing capabilities in the product (list management, analytics, etc.)

CoTweet delivers on both allowing me to set up a couple accounts – @Gist & @RobertatGist in my case and use them together. 

One really cool feature of CoTweet is the ability to write a tweet and schedule it for sending at a later date.  Really helpful if you are promoting something or want to share the same info multiple times over a couple days.

I also like the fact that you can see analytics on the links you share (and can shorten through the interface).  How many clicks, where they clicked from, etc.  Cotweet also allows for searching and capturing query results as an RSS feed – which I can add to my Google Reader for easy review and action.

I look forward to continuing to use the product and to seeing what comes next.  I’m also a fan of Tweetdeck and their most recent release allows for both multiple account management and the ability to post to multiple accounts simultaneously.  It is a slick AIR application vs. Cotweet’s web-based one so we’ll have to see how the cloud vs. the client battle shapes up.

Sales is implementation in a SaaS world

There use to be a saying in the world of enterprise software vendors – "don't confuse sales with implementation."  Ah yes, those were the days when you could count on tasty perpetual software license revenue and systems integrators grew on the fat of the 8:1 ratio that existed between professional services fees and software license fees.  You had to spend that much more just to make the software work for you.  Hardly seems right…but that was reality.

Good times for vendors and SIs, not so much for customers.  Well, now the leverage shifts and the customer not only expects short time to value but demands it.  No more servers to configure, software to customize, legacy integrations to engineer….or are there?

The bar is high if you are aiming to be an on-demand enterprise (or just business) software company. There still is customized workflow (and always will be) and integration to legacy systems will never go away.  The trick is to orient your company around that fact that functionality is important but implementation gets the renewal…and in a SaaS world it's all about the renewal

More cedar plank salmon & memories of New Zealand

It is always fascinating to watch which of my posts generate the most organic search traffic (meaning people are looking for stuff on their favorite search engine and find my posts).  Interestingly, near the top of that list is a post some time ago about cedar plank salmon.  Due to its popularity and my affection for eating it, I thought I'd share a picture from last night's smokey but delicious menu.

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I am continuing to evolve both my technique and recipe.  As you can see from the picture, I have taken to a layering strategy for the cedar where I use previous planks on the left and right and then place a new plank over the top.  Middle burner is off and left/right ones are low enough to smoke but not catch fire, mostly.  I suggest a bit of water nearby to keep the flames down.

My recipe has evolved a bit as well.  I do not measure when I cook so you'll have to figure that out on your own.  Here's what I used last night:

  • Light brown sugar
  • Soy sauce
  • Bourbon (splash)
  • Cayenne pepper (sparingly)
  • Chopped fresh thyme
  • Salt
  • Pepper

The result was outstanding and the smoke was plentiful.  While sitting down to eat it on a chilly June evening here in Seattle, I couldn't help but think about one of the most memorable dining experiences I ever had where smoked fish was the theme.  Many years ago, Marel & I took an extended trip to New Zealand & Australia and happened across The Smokehouse in Mapua, New Zealand after the recommendation of our kayaking guide.  The place was unbelievably cool and the food amazing.  If you find yourself around Nelson, check it out.

Building a listening framework

This two part post is about "listening" to what is being said on-line and the more complicated aspects of acting on something once you've heard it. I'll focus on listening first and will follow up with one on action & engagement here shortly.

So, what the heck am I talking about? You may be aware of this thing called the Internet and there are a lot of people on it. Not only are they consuming content, they are creating content with increasing frequency and ease. Yes, this includes Twitter, blogs, blog comments, and everything in between.

It sounds a bit trite at this point but there really is a conversation going on and you need to be listening to it in some way as part of your marketing efforts. It's not just about your product or brand but about what people need, what they are unhappy with, where your competitors are falling down, where a new entrant is eating you alive, or where one hater has decided to make it their mission in life to bring your product or service to its knees.

All of this plays out every minute of every day in as little as 140 characters in a Twitter status update.

A note of caution – it is loud so be prepared to turn the volume down a bit with tools, process and methodology.

Here is what I use and what I would recommend using as a starting point. I am sure there are other tools & techniques including one that might do all of this in one product. If it exists, please let me know.

  1. Identify 'where' you'd like to listen – Twitter chatter, Linkedin Questions, news outlets, competitor's websites, blogs, blog comments, etc. I'd suggest anywhere you can although you will get some overlap.

  2. Identify what you are going to listen for – keywords can create huge false positives especially if it is a frequently used word….like 'Gist.' One note here is that although unique names are easier for you to listen for, it is also easier for your competitors to keep tabs on you so keep that in mind during your next branding/naming session.
  3. An RSS reader is your key interface (I use Google Reader)
  4. Use Twitter Search to build searches on Twitter content and select "Feed for this query" in the upper left and drop it into your preferred RSS reader
  5. Use Google Alerts and select to receive these keyword alerts as RSS feeds
  6. Use BackType to monitor blog commenting content and enter search terms as above one by one and select Feeds->Search Results
  7. Use Digg and search for keywords/themes then subscribe to these results as a feed

Also, check out Tweetdeck to watch Twitter posts (you can set up search terms in this app by clicking on the magnifying glass in the upper right).  The benefit of Tweetdeck is the ability to act on what you have heard by replying publicly, replying privately, or "retweeting" (sharing) someone's post.  More on action and engagement coming shortly.

This framework should give you pretty complete coverage of the on-line conversation and is a must have in any marketing plan.

Life experiences – Washington, DC

I'm a big believer in life experiences especially when they can be mixed with a bit of business.  Last week while in Washington, DC I was fortunate for two reasons:

1. I was able to spend a couple days with friends that I hadn't seen in a long while
2. I was able to experience the nation's capitol on a whole new level

One of my friends is Chief of Staff for a US Senator (there are only 100 so see if you can figure it out) and extended an invitation to have us join them for lunch in the Senate Dining room.  This kicked off a day that included meeting lots of great people and seeing more Senators than I ever had before (I am a bit of a closet political junkie).  We also were fortunate to walk on to the floor of the US House of Representatives thanks to a generous Congressman (435 of them – good luck). 

Here's my badge from lunch and a bit of video from the ride on the "train" from the Russell Senate Office Building to the US Capitol.
USSenate_diningroom  

I love Washington, DC and lived there for almost 5 years.  A couple of morning runs on the National Mall as well as connecting with both previous co-workers from my Arthur Andersen days and new friends from current projects made for a great couple days.

No more product beta – it’s all about market beta

Google has, more than any company, made the beta label on a software product meaningless and is learning that their enterprise aspirations don't jive with having a product like Gmail in "beta" for five years.  Enterprise customers don't want the SLA to be based on that fact that "stuff will happen because it's a beta product."

I'm not saying that you shouldn't pursue a pre-commercial product launch strategy that puts your product in the hands of as many possible target users as possible.  Releasing early and often with actual user feedback is an essential component of building and launching a new product.  Understand that the bar is high as the expectation on "beta" is high these days for the previous stated reason but don't let that distract you.

What really resonated with me last week at the WTIA's Fast Pitch Forum was when Socrata (formerly blist) CEO Kevin Merritt described the beta process as being less about product and more about market these days.  They had their product and brand out there (essentially a database app in the cloud) and the market gave them guidance on how to better position it (sharing data with a focus on government transparency).

Building on Kevin's thoughts, it struck me that the on-demand tools and infrastructure available now make it easier than ever to get something "out there."  The process then is less about the functioning product but more about how you align your product concept and the features you are building with a market – product/market fit.  This requires a vigilant process of creating market hypotheses and testing the heck out of them – "salespeople do x and use y so therefore would find value in my product." 

You can only validate the hypothesis above if you take a methodical approach to putting your product in the hands of a salesperson and seeing if your perceived need is indeed actual need and is the source of realized pain vs. latent. 

You may very well be wrong…but that's ok.  It's beta..