Tag: startups

Viral marketing & probability

Posted on by Steve Sammartino

I’ve spoke before about the truth about viral marketing, and our probability of viral marketing success. So here’s some number to help us all quantify it with the viral marketing haven that is Youtube.

  • The average youtube video gets watched for 6 seconds.
  • 2 hours of video are uploaded every minute.
  • Almost half the videos on youtube get viewed less than 10 times. (1 in 2.4)
  • Only 0.25% of videos get more than 10,000 views
  • A random sample of 10,000 videos uploaded received the following: 2,226 videos with no views in their first month, 237 with 1 view, 158 with 10 views, and just 23 with 100.
  • Only 1 in 3.1 million videos will get more than 1 million views

Sure we can increase our chances by creating great content, and frequency of posts. But getting a viral hit is like winning the lotto. Which for startups means it’s fine to play, but not to back our future on it.

Guest Post at Pollenizer

Posted on by Steve Sammartino

I was invited to do a guest blog post for the guys from Pollenizer. For the uninitiated Pollenizer is firm which helps startups grow bigger and better. Both through consulting services and also taking long term positions with the companies. It’s really worth a browse around the Pollenizer site.

My post is a very cool one on Startup Lessons from Rock Bands.

AC DC Its a long way to the top if you wanna rock n roll

It also includes a video interview I did with Mick Liubinskas who is one of the smartest start up guys I know (ex Skype & Kazaa) where we cover off Startup School for which there are still some Sydney tickets left for the event.

Click here to check it out.

Picture 116

Short memory – GFC

Posted on by Steve Sammartino

Reading the New York Times this weekend it seems clear that the Global Financial Crisis has not diminished the ability of investment bankers to extract bonuses from poorly performing assets and even losses.

I still believe that private profits should also result in private losses. I remember back last year having a discussion with a prominent Australian Venture Capitalist. He held a strong view that the bailout activities were justified, while my view was strongly opposed.

He said:

“If a child trips and skins its knee that’s fine, but there is no point letting it fall from a 10 story building. The consequences are too great”

I said:

“It’s not a child, they’re investment bankers. And maybe what we need right now is a few of them splattered on the sidewalk.”

My view has not changed.

But it seems the general populous has a short memory as the rot is returning very quickly. In fact, it might do both our economy and our environment good to let the current system bleed for a while. Why not allow time for new eco-friendly industries and  egalitarian reward systems arrive?

Startup Blog wonders what your think?

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The most important startup

Posted on by Steve Sammartino

I am incredibly happy with the following things:

– My relationship with my family (immediate and wider family)

– The state of my health. I fit and well enough to enjoy, people life and exercise.

– Where I live. Yarraville, Melbourne, Australia. In fact so much so that I evangelize it.

– My house. A beautiful little renovated Edwardian, not big but it’s just right for me and my wife.

– The state of my country Australia. It allows us to practice any religion / or not and live a free life with opportunity.

– How I invest my spare time. I like surfing, gym and mountain bike riding.

– The fact that I am continuing a vocation of learning.  Both in life and academically in my areas of interest.

– The work I do. Running rentoid.com teaching at Melbourne University and writing this blog.

If any of these parts of your life aren’t right. If we are not quite happy with them, no less totally unhappy with them. Then this is the most important startup we can focus on. The start required to change it. Start today.

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Broken car = broken life

Posted on by Steve Sammartino

The title of this post is a philosophy I have. People often disagree siting financial hardship, opportunity, income, age… you name it. They can argue all they like but it is true. People who look after themselves, have pride and a solid work ethic have nice cars. Not necessarily expensive cars, but cars which are washed regularly, are tidy inside, and don’t have any obvious dings or fractures which are to be fixed.

Keeping a clean car doesn’t really cost any money, just a little bit of time and effort. In fact it usually saves people money, just like servicing a car does. Sure, cars get smashed, need repairs and are generally a necessary expense and not an asset. But like all things, delays in making it right will have a compound effect. Dints which aren’t fixed get rusty. Unserviced cars break down more often.  Trying to save money letting your car go, just costs money in the long run. People with unbroken lives know this. It also has an important impact on your own self worth and psyche. Not to mention other peoples opinions of you, rightly or wrongly.

Show me an adult with a broken car, and I’ll show you a person with a broken life. (students are the exception)

Below is a classic example. Both cars of similar style and age. The first is owned by a person with a broken life, the other with by a person with a great attitude.

Crappy car

Classic Car

Do the test for a week or two. Assess the people you know and the state of their vehicle. It tells a very clear story.

Startup blog says take pride in all you do and all you own and your life will be better.

Startup negotiating tactic

Posted on by Steve Sammartino

A simple way to keep a fair and reasonable percentage in your startup when getting funding is this.

Argue you require a sufficient percentage to keep you motivated.

Tell them you need enough stake to bring out your best performance. That they are investing in your performance and that this is part of the human make up. Then remind them that you are human.

Production values matter

Posted on by Steve Sammartino

Sure we live in a mash up society. It’s acceptable to bootstrap. It’s OK to learn on the job in the digital arena. What’s not acceptable is to get worse. To not reach previously set quality benchmarks. In any business, no less your start up. All of the self made youtube stars invest time in the final production of their content. People expect a higher level of quality these days especially if we want to gather long term fans and loyal viewers. Production values matter. What was acceptable in 2004 in not acceptable in 2009.

The first thing you notice in the video output of these highly subscribed Youtubers is production quality: Hotforwords,  Community Channel, Kev Jumba, Happy Slip, Fred and others.

So when Miley Cyrus throws together a home made video of her leaving twitter seen below, we realize how much value her producers add to her usual output – seen underneath.

Home made Miley

[youtube=http://www.youtube.com/watch?v=2tSOTQPUQoU]

Produced Miley

[youtube=http://www.youtube.com/watch?v=M11SvDtPBhA]

I myself, need to improve the videos I make for rentoid.com. So I’ve recently been investing a lot of time learning how to use iMovie editing software.

The lesson for startups is to invest in our digital output. A little more effort in production can be the difference between gathering customers and looking like an amateur.