Video: My talk at BIGOmaha

This is the presentation that I gave at the BIGOmaha Conference in Omaha, Nebraska on May 8, 2009. I had such a great time at this conference. Big thank yous to everyone involved in putting on such a spectacular event. Jeff and Dusty did an amazing job, and it was so much fun being able to hang out with all of the people who came out to the Koneko center. I also had a great time spending time with my friends and fellow speakers who both attended and presented. I hope you enjoy my talk – any feedback would be much appreciated! Thanks!

Traditions have no place in business

The other night, I watched a video by my friend Gary Vaynerchuk in which he was saying how he felt that the use of press releases are obsolete. His point is that you have a better chance at winning if you’re that “big fat-ass Italian uncle who tells a story and crushes it” – someone who has a conversation with people, rather than just blasting out information at people.

So, are press releases dead? A relic and a reminder of a way of doing business that once was? For Gary, yes – 100%. For others, maybe not so much. I happen to agree with Gary that if you tell your brand story well, and you have an openness with your community enough to have a dialog, then press releases are likely not necessary. However, any tactic should stay in play until it no longer provides value. So, what if you’re sending out press releases and they continue to provide value? The answer should be obvious: keep sending press releases.

This isn’t about press releases though. Not for me, at least. The bigger picture that I’m talking about here is tradition – and in particular, how tradition relates to business. A tradition is a long-established or inherited way of thinking or acting; a customary or characteristic method or manner in which one does something. Let’s look at that definition and try to extract the “value adding” words: Long-established? No. Inherited? No sir. Customary? Nope.

My issue with those words is that they all imply that there’s build-in respect. But why should we respect something in business just because it’s something that people have been doing for a long time? The answer is we shouldn’t; and therein lies the problem with traditions. But, lets first get to the core of a tradition and discuss how it came to be.

Any tradition begins simply as an idea or solution that once created value. It worked its way from idea to tradition as time went by and the idea went unchallenged – and that’s the key. Unchallenged ideas that provided value at one point are ideas rife to become traditions. This is bad for business because if you never challenge you own ideas periodically, how do you know if they’re still relevant? Think about it this way – if you go to the doctor and are diagnosed with a problem that requires medication, do you get prescribed once and take that medicine forever without periodically getting checked? If you wouldn’t treat yourself that way, why would you treat your business that way?

We’re huge proponents of this at Threadless. We’re a business that started in a very non-traditional way. We’ve told the story many times about how our business started by accident, and we grew by only doing things that made sense to us – only taking steps that we were comfortable taking. Essentially, we did all the things that seemed like a good idea at the time. With all of that said, it wouldn’t make much sense for us to not constantly be challenging our own ideas, considering that the initial success of our business was an ongoing series of trials and errors.

While working to keep traditions out of our business is a logical thing to do considering how we began, that doesn’t mean that traditions should have a place in business that began in a more traditional way. The upside to this point of view is it really doesn’t take much to “de-tradition” your business. All you have to do is simply challenge the agreed upon “good” ideas to ensure they’re still relevant. By doing that you very well may discover that all your ideas are still good ideas, and nothing changes. However, you also may find that your ideas need to be tweaked slightly to regain relevancy. That’s not a bad thing, is it?

Ideas are not immune to the aging process. Like wine, they get better with age only if cared for properly (right Gary?). This care involves always challenging an idea to ensure that it’s still relevant. Double-checking the relevancy of your ideas is an important exercise because by doing so, you get to ensure that your ideas are working for your business and not against it. In the end it’s important to realize that no one is smart enough to come up with an idea that is so brilliant that it stays relevant forever without being cared for.

So what’s the bottom line? If you have a tradition of bringing in pizza for your whole staff on the last Friday of every month should you stop? Of course not. There’s a difference between traditions that effect the culture of your business and traditions that effect mechanics. Obviously, I’m speaking about the latter. A tradition is the antithesis of a nimble organization and can keep you from seeing how ineffective your once effective idea has become.

What’s in it for me?

Ever since I moved to Boulder, I’ve been super interested in startups. It’s not surprising really, Boulder is a startup kind of town. I’m not sure the exact figure, but I’ve heard something along the lines of “there’s 100,000 people in Boulder and 170 startups”. My interest in startups isn’t because I feel motivated to start a new business, but because of two reasons:

1. I love the whole process of coming up with new ideas and then figuring out how to make them a reality.
2. I love being put into situations where I’m required to learn in order to keep up.

Whether it’s discovering a niche that needs to be served, or simply just coming up with something that’d be really cool to do – I crave the excitement that comes from that initial spark of creating something new, then problem solving and learning to bring an idea to fruition.

I recently became a mentor for TechStars, a Boulder and Boston-based company that provides a bit of seed capital and a whole lot mentoring in a 3-month bootcamp format. The mentors involved are an incredibly diverse group of individuals from amazing companies. Each mentor brings something unique to the table, all in the interest of helping each of the companies that make their way through the program find a higher level of success. It’s an awesome program, and I’m honored to be involved.

More than being honored, I’m super excited to get involved in mentoring some of the companies that fit well with the area of expertise that I’m bringing to the table, which is a focus on community-based business as well as brand positioning. Granted, there’s no guarantee that I will be a good fit for any of the companies, but I’m eager to spend some more time with the groups to see where I can help.

I’ve had a few people ask me already “what’s in it for me?” Why would I spend my free time mentoring startups? Sure, I do have limited free time, and no I’m not some crazy person who isn’t happy unless he’s working (well, maybe there’s a little bit of truth to that). The reality is that I’m super passionate about ideas. There’s something so special about “the beginning” – it’s a completely different type of energy between creating an idea and sustaining an idea.

I feel it’s so important to always have a connection to the beginning of ideas, because it’s the time where you have solidified the “why” and you get innovative with the “how”. I’m sure it’s not the same for everyone, but my ability to stay creative and think about things in new and innovative ways is dependent on new ideas – even if it means coming up with some crazy idea and thinking it through, knowing that it’ll likely never see the light of day.

So, while I may have expertise to offer this “class” of TechStars, they also have a lot to offer me by way of inspiration. I’m always on the lookout to be inspired. I’m excited to observe how groups handle interaction in different ways and see how they handle the transition from idea to execution. That isn’t to say that the company I work for isn’t an unending source of inspiration (because it is), but hey – show me the law against being greedy when it comes to seeking out and consuming inspiration!

Lastly, I’m simply excited to help out. I’ve said it many times – I’m a community guy. TechStars is an integral part of the Boulder tech community, so as an active member of it – I’m more than happy to give some of my free time to help out in any way I can. So what’s in it for me? I can’t say for sure, but I’m hoping to connect and create relationships with new and interesting people. Besides, knowledge for inspiration is a pretty good trade, wouldn’t you say?

Video: An economy of inspiration

First I apologize for the “half-head” shot. I’m still getting used to recording on a Flip and like a kid potty-training… my aim is a little off. I’ll get less messy, I swear.

Anyway, I’ll (regular) blog about this later, but I wanted to throw the idea out there that by simply doing what we do – we create an economy of inspiration. There are no rules as to who produces and who consumes. It’s a completely free market, I hope that everyone adds value to both the producer and consumer side to make this economy of inspiration a thriving one.

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