Tips for Getting Funding From VCs

February 8, 2008 at 4:02 pm (Uncategorized)

This brilliant and insightful video gives some GREAT tips on how to get funded through VCs.  I particularly enjoy the part on web 2.0.

Delicious.  Enjoy.

I can’t embed the video, so click here to see.

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No Love for Facebook

February 2, 2008 at 2:59 am (blog, blogging, Facebook, marketing, photo, photograpger, photographer, photography, photrade, pictures, social media, startup)

As a part of learning about social media and effective “Social Media Marketing” strategies we had a brief foray into Facebook.  With the huge userbase and rapid growth, this seemed like a logical choice.

What we did

I’ll be the first to admit – our initial flirtation with Facebook was rather limited.  We created a group (called Photrade) and invited a bunch of people (mostly our friends, since 1. We don’t spam and 2. We didn’t actively stalk random people and ask them to join).

Postings into the group were initially fairly active (we posted the Photo of the Day and a few other random topics), however we failed to get any real interest from group members, and subsequently abandoned the idea.

Why it Didn’t work

The objectives of the facebook group were unclear, and probably inappropriate.  The group was just “About Photrade” and was a place to discuss releases, Photo of the Day, etc.  There really was no compelling reason for users to actively participate in the group.  The main reason that I categorize the objectives of this group as “inappropriate” is that really, all of this functionality exists on the Photrade Blog (which is probably the most appropriate place for it).

Additional Potential

Admittedly there is more potential for Facebook than what we explored.  Facebook also has potential through Fliers and specific advertising tools, which is not something that we have yet explored (nor have I seen any info on the effectiveness of these advertising mechanisms).

There are also Facebook apps, which have seen an explosion in growth recently. This brings up the question – how do you create an app that is meaningful to users to break through the”app” clutter and provide meaningful benefits to users.

Finally, there is potential to create more meaningful groups based on user interest (ie. Photography groups, etc) yet again, isn’t this the kind of stuff that we should host on our own site?

Thoughts/Ideas/Tips

Anyone out there with thoughts/ideas/tips on better ways to leverage Facebook?  As a marketer with a specific social media strategy I am often asked about our Facebook strategy, and I have to say, I’m not sold. What do you think – is the group worthwhile?  Do we keep it or abandon?  I just checked and it hasn’t been updated for 6 months!

If users are interested in discussing Photrade in this type of forum should we leave it in their hands to create their own group and community and plug-in to help?

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