quinta-feira, janeiro 30, 2014

DEE-fence

 

DEE-fence

January 20, 2014

By Fred Jacobs

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So here we go again.  Another year, and more denial and defensiveness about Pandora.

According to an Inside Radio survey of broadcasters late last year, two-thirds say Pandora (and services like it) poses no real threat to radio.

Are these guys living in the same world we are?  Do they talk to consumers?  Do they conduct research?  Do they listen to what people are talking about in church, school, work, or at tailgates?  Have they talked to their kids?

This is nothing new for the radio business, but as we move into 2014 and see continued changes in the entertainment ecosystem, denying Pandora’s impact isn’t just wrong – it sends a message to everyone from media buyers to advertisers to the press to civilians that radio people just don’t get it.

And as we know from past press articles and speeches, the argument that “Pandora is not radio” has been floated for some time now.  While technically, Pandora has no live DJs (of course, the same thing can be said about many broadcast stations) and is a “playlist” service, it provides some of the same essential attributes to consumers looking for great music.

Our own Techsurvey8 indicated that nearly half of our database-centric survey back in 2012 believes that it is.  A majority of fans of Alternative, Christian, Country, CHR, and Variety Hits believe Pandora is “radio.”

We saw this up close and personal in our “Goin’ Mobile” ethnographic interviews back in 2010.  As respondents showed us their smartphones, the Pandora app was omnipresent – to them, it’s radio.

And here’s a news flash – the automakers see it that way, too.  Whether it’s Pandora, TuneIn, iHeartRadio, or SiriusXM, it’s all radio – if it’s in the dash, available to consumers.  What must they think when they hear the constant broadcaster drumbeat of denial?

And yet, the radio industry continues to come across as defensive, defiant, and angry – as if these emotions are positive or could even be considered attributes.  To continue to play the denial card is to make the radio industry look like every politician who simply takes the deny, deny, deny route.  The more denial you hear, the more you know there has to be something there.

This isn’t just the wrong approach, it’s a waste of time and energy that could be better spent changing the subject to what’s good about broadcast radio (and it’s a long list). While we are quibbling about semantics, we should be going on the offensive – making the case for “Why radio?” 

The other night, it was Bill O’Reilly, of all people – not your most progressive thinker when it comes to what is cool when it comes to pop culture.  With musical taste that spans the Beach Boys to Motown, O’Reilly’s “Tip of the Day” advised his viewing audience to turn off their radios and turn on Pandora (almost as if he just discovered it).

Now taking musical advice from Bill O’Reilly makes about as much sense as consulting Bill Belichick on fashion.  But the fact that Pandora continues to make the news – mostly in positive ways – ought to be sending the message to broadcasters that denying its impact isn’t believable.  Nor is it smart.

In recent days, Pandora has announced new partnerships – the most recent one is with Chrysler, making it the 25th auto company they’ve connected with.  They’ve also enhanced their iOS and Android apps, including personalized recommendations, providing more choice and engagement.

Everywhere you look, Pandora is on the offensive.  They’re making deals, adding locations, hiring salespeople, and using rhetoric that is brash and in-your-face when it comes to traditional AM/FM radio.  All the while, broadcasters are parrying these attacks, instantly responding to the Pandora’s rating claims, denying the competitive factor, and trying to hold share.

And yet we also know that Pandora has limitations.  As we have discovered in our last two Techsurveys – and we are repeating the same questions again this year – Pandora has issues.  There are aspects of broadcast radio – when done right – that provide a whole level of engagement, localism, and personality to audio content.

It’s not a matter of telling our story better.  Or denying Pandora’s story.

It is a matter of creating our own stories, our own narrative, and our own big news developments that reminds everyone from consumers to OEMs to TV pundits that radio gets it and is here to stay.  It starts with getting strategic about what broadcast radio brings to the table, and making that case to audiences, advertisers, and the communities are stations serve.

Aretha Franklin, the Queen of Soul, perhaps put it best when she asked, ‘Who’s zoomin’ who?” 

Let’s stop kidding ourselves. 2014 would be a good time for radio to get out of the defensive business, and enter the No Spin Zone.

 

Pandora is not radio

Pandora is not radio

Posted on Friday, February 18th, 2011 at 9:56 pm. #

“Radio”, in the English language, means three things. Here are the first two:

Radio = the transmission of signals by modulation of electromagnetic waves with frequencies below those of visible light.
Radio = a receiver (which can be battery-powered, mains-powered or self-powered) that allows you to listen to radio broadcasts.

And now, here’s the third:

Normally broadcast in a linear form, “radio” is a mixture of audio programmes which contain individual pieces of content, assembled in a way to sound attractive to a listener. A fundamental building-block of good “radio” is an element of news: whether formal news in the style of a bulletin, informal news that’s closer to a gossip with a friend, or news of interest to a particular community, like a newly released music track, or a new opinion, story, joke, or viewpoint. An element of curation and editorial is also required to produce great radio: whether carefully-researched music playlists or unusual wry observations.
“Radio” is a shared experience, one that has the capacity to surprise and engage, entertain and inform. Part of the enjoyment of radio is that others are listening to the same thing as you: but part of the enjoyment of the medium is that radio continually does something unexpected and uncontrolled.
 Full personalisation has no place in the world of radio, since it removes the uncontrollability and element of surprise: the very thing that makes radio successful and powerful.
“Radio” is a human communication medium.

Now, I quite liked Pandora when it was available here in the UK. I quite enjoy last.fm’s services, too.

But Pandora and last.fm fulfil almost none of the above criteria. A randomised list of songs specifically chosen for my tastes, with none of the human element that surrounds it, is not radio. A song that plays, then fades, then silence, then a new one that starts, regular as clockwork, is not radio. Something with a complete lack of news: about my community, about my country, about my family, about my music, is not radio. Something with no editorial curation other than a computer algorithm, and no unexpected left-field programme that makes you cry, is not radio. A list of noises produced by a computer program is not radio.

All of us involved in the radio industry know that radio is so much more than an iPod on shuffle. But we’re letting Pandora, last.fm, Slacker et al claim the word “radio” as a moniker for what they do. By doing this, they are doing radio a disservice, and damaging the ‘radio’ brand.

We should see them as competition for radio. But not radio. And if we care about radio, we should correct any journalist who calls these services ‘radio’. Because they are not radio.

Pandora is a music jukebox. A bloody good one. It is not radio. And we should not let Tim Westergren damage “radio” by trying to use our brand for his music jukebox.

 

No, Pandora Is Not "Radio"

No, Pandora Is Not “Radio”

By JAMES CRIDLAND VIA JACOBS MEDIA on January 28, 2014 11:00 am

    

We should not shirk from challenging Pandora on why they wish to use our brand to sell their soulless jukebox.

We in the radio industry know what radio is.  It is companionship, it is emotional. 

 

It is a human connection with the presenter and other listeners.  It is full of powerful stories, as Valerie Geller is keen to remind us.  That powerful story might be a hard-hitting feature on a local NPR station; but it could also be an equally powerful story from the local breakfast team about their day yesterday, inspired by a listener’s tweet.

 

Pandora is not radio.  Pandora is just a soulless, poorly-executed, music jukebox.  Pandora wants people to think they’re radio, because people love radio, and advertisers understand radio’s power and connection: but they are not radio.  Instead, they are attempting to redefine “radio” as some kind of music jukebox.  As Fred’s post showed, they have succeeded.

 

We, the radio industry, have sat idly by as companies like Pandora, Slacker, Apple and others have christened their inferior product “radio.”  They have stolen our brand.  It has already caused us immeasurable damage.  We are fools for letting that happen.

 

Saying that “Pandora is not radio” is not a naive view.  It isn’t ignoring the challenge that companies like Pandora represent.  We should not shirk from challenging Pandora on why they wish to use our brand to sell their soulless jukebox: since by redefining radio, they are doing listeners a disservice.  They are promising something that they are not, and damaging radio’s brand in the process.

 

The sad truth is that many radio operators have, over the past ten years, already redefined “radio.”  Many stations operate as virtual music jukeboxes: devoid of any human connection other than a bright, breezy and voicetracked “personality” who has never lived in your community, has no connection with you or your life, and only seems eager to tell us the station name and promote the networked breakfast show.

 

“Radio,” according to these stations, is some kind of personal hell for the Pandora generation: forcing you to listen to someone else’s Pandora channel, but covering up the “thumbs down” button.  If the only thing “radio” stations offer is non-stop music, Pandora will win every time.

 

Pandora’s soulless music jukebox is teaching a generation of listeners that radio is just a jumble of songs, and nothing more.  But some in the radio industry are equally guilty of ruining radio’s reputation.  We are fools for letting that happen.

 

Pandora is not radio.  Is today’s radio industry truly “radio,” too?

 

This commentary appeared on the blog of Jacobs Media and is used with permission. James Cridland is a radio futurologist: a speaker and writer about radio’s future. He lives in London, and will be speaking at the NAB Show in April. His website is http://james.cridland.net/.

- See more at: http://www.c2meworld.com/distributiondelivery/no-pandora-is-not-radio/#sthash.OwyVfr8C.dpuf

The top 30 influential leaders in the crowdfunding industry (infographic)

 

The top 30 influential leaders in the crowdfunding industry (infographic)

Kickstarter

Kickstarter chairman and former CEO, Perry Chen (center), sits with his co-founders Yancey Strickler (right) and Charles Adler (left).

January 22, 2014 2:06 PM

Israeli equity crowdfunding platform OurCrowd worked with marketing firm Evolve Inc. to handpick a list of 800 influential members of the crowdfunding community.

The multibillion dollar crowdfunding industry wouldn’t be where it is today without the people on this list.

They are entrepreneurs, investors, regulators, politicians, analysts, legal professionals, and journalists. Together, their actions and commentary have driven the nascent industry forward.

Using influencer discovery and engagement tools like Traackr, Little Bird, Group High, and Google, the folks behind this list narrowed it down to the top 30 thought leaders. They considered factors like social reach, engagement frequency, citations by financial journalists, and sentiment among industry insiders, among others.

“We looked around and no one has really tried to come up with a list that made sense of the movers and the shakers in the industry,” OurCrowd CEO Jon Medved told VentureBeat. ”Like any list, you can always poke holes in it, but I think we’ve got a pretty darn good solution here.”

The top dog turned out to be Perry Chen, the cofounder, chairman, and former CEO of Kickstarter, the world’s largest crowdfunding site. Chen is followed by Naval Ravikant, the prominent angel investor and founder of AngelList, which rolled out an equity crowdfunding service called AngelList Invest in early 2013.

The list also includes many of the politicians, regulators, and industry advocates instrumental to the passage of the JOBS Act, which legalized equity crowdfunding for unaccredited investors. (The Securities and Exchange Commission is currently soliciting feedback on its proposed rules for unaccredited crowdfunding.)

You may notice the top 30 doesn’t include multiple people representing the same organization, excepting the U.S. Congress. That was a conscious choice to ensure there was room for all the important industry figures, explained Medved.

“I think the top of the list are people that I was expecting, but as you get into the latter part, there were people I didn’t know off-hand,” he added. “I’m surprised by how big this community has already become. It used to be a little closed club — the crowdfunding elite, if you will — but it’s booming and so big now.”

Check out the full list of crowdfunding thought leaders below.

quarta-feira, janeiro 22, 2014

23 Things Every Entrepreneur Must Know Pt 2


23 Things Every Entrepreneur Must Know

PAGE 2 OF 2

15. As much as you are going to fight it you need a (really smart) advisory board.  You want a board to: give you new perspectives and ideas; to give you people to talk to and to provide honest feedback.

16. If you want to get more done faster and better…create checklistsChecklists are a wonderful way to make sure you don't overlook anything, and that it is true whether we are talking about the best way to treat someone in the emergency room or if you are about to make a big presentation to a client you really want to land.

17. How to motivate yourself and stay motivated. Starting anything new is hard and the number of obstacles you are going to encounter can easily get overwhelming. Click on the link here for proven ideas that can keep you going.

18. If the dogs don't like the dog food it's bad dog food.  You don't determine what a good product is. Only your customer does.  And if they don't like your product, it's a bad product. Period. In others words, the customer is always right. Darn it.

19. If the customer doesn't like the product, there isn't much you can do about it with pricing or promotion or positioning. Unpopular products are going to remain so. It is better to come up with a different version, than to keep trying to sell–at a discounted price–the one people don't like.

20.  If you are going to fail, and sometimes you will, fail quickly and cheaply.  Always take small steps toward your goal and pause after each one to make sure you are staying on the right track.

21. (Really) Learn from your mistakes.  You are going to make mistakes. That's a) a given and b) okay, providing you truly understand what went wrong.

22. Creativity and innovation must be linked to a business objective. Creativity is wonderful. But creativity that isn't tied to making money is just a hobby. It isn't a viable business concept.

23. Get out while you still have your marbles.You never want to stay too long at the fair, even if you own the fair.

 

###

Paul B. Brown is co-author of Just Start published by Harvard Business Review Press.

Please note his blog appears every Sunday and Wednesday.

Click on the "Following" button to get every new blog post as soon as its goes live.




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23 Things Every Entrepreneur Must Know Pt 1


23 Things Every Entrepreneur Must Know

Knowledge Stock Photography - Image: 29854402A buddy of mine is a big-deal business professor at an even bigger deal university.  And for reasons I still don't understand, he asked me to come in and explain to his graduate students what I have learned from spending 30 years talking to, researching and writing about entrepreneurs.

Here's what I said.

1. The best way to predict the future is to create it.

2. The most important decision you can make iswhere do you want to spend your time. You only have so much time, energy and ability to focus. That means, as much as you would like to, you can't do everything. That's a given. So is this: The places which receive your full attention will do better than the places that won't. What follows from that is this: You need to make hard choices about what you will do–and what you won't. And it is really is the important decision you can make, because everything else you do will flow from it…including the next point.

3. If you want to be a successful entrepreneur, there is no such thing as work-life balance.  I am not advocating that you spend a disproportionate part of your life working on your company.  (I am also not advocating against it.) I am simply reporting that is what the most successful entrepreneurs do. I have never found an exception.

4. The best entrepreneurs don't come up with great ideas, they solve market needs. You and I can come up with wonderful ideas all day long but unless they satisfy a large enough need, one that can support a business, they don't do anyone any good.

5. The one thing all successful entrepreneurs have in common is the desire to make their idea a reality. What entrepreneurs need most of all—above motivation, focus, hope, financing, marketing skills, a brilliant idea, etc.—is the will to bring their idea into existance. Unless you truly want to make something happen, the odds are nothing will. Without that desire, nothing else matters…or occurs. Your life will be filled in other ways.

6. Action trumps everything.  Stop thinking and get underway.

7. Take small, smart steps towards your goals.  Contrary to the popular press, the most successful entrepreneurs are not swing-for-the-fences, bet-everything-on-one-roll-of-the-dice  types.  They are extremely conservative. They take a small step toward their goal; pause to see what they have learned from taking that small step and build that learning into the next small step. Then they pause to see what they have learned from that second small step, build that learning in and then take another small step and so forth. They don't take large risks.

8. If you want to build a successful companygive up control. You can try to micromanage but: the business will never grow bigger than one person (you, the CEO) can handle effectively; the company won't be able to move very quickly. Since everything will have to flow through you, you will create a bottleneck; you won't get the best ideas out of your people.  Once they understand the company is set up so everything revolves around you, people are not going to take the time to develop their best ideas. "Why should I," they'll ask. "He is just going to do what he wants anyway." And it's exhausting.

9. Forget about working on your weaknesses, play to your strengths.  This is what will make you successful in the long-run.

10. You need to be able to turn every obstacle into an asset. Yes, every single one.

11. All you need to know about marketing in exactly 30 words? Marketing, when you strip everything away, is extremely simple: You figure out who you want to sell to, and then you determine what it is that will get them to buy.

12. Here's the only market research you need: Get your product out in the marketplace and see if it sells.

13. If you insist on doing market research anyway, here's the one question you need to ask. Show potential customers a prototype, or describe the service you are thinking of offering and then say: "Is this something you would buy," and if they answer yes, ask for the order then and there. If, as the cliché goes, they are willing to put their money where their mouth is, you are probably on to something. If they aren't, you still have work to do.

14. You must figure out how you are going to collect what you are owed.  Nobody thinks about this before they get underway and suddenly they learn first hand what they phrase "cash flow crunch" means.




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