Article Overview: Every day I get inbound emails from entrepreneurs looking for funding. I triage these quickly as I can usually tell within a couple of minutes of looking at whatever is attached (executive summary, overview, intro powerpoint) whether or not it's in an area that I'm interested in investing in. Since my top level filter is "theme" it's easy to make a quick call. If you've ever sent me something, hopefully you've gotten a quick response.
Free Download - Deep Breath By Brad Feld
Getting My Attention
Every day I get inbound emails from entrepreneurs looking for funding. I triage these quickly as I can usually tell within a couple of minutes of looking at whatever is attached (executive summary, overview, intro powerpoint) whether or not it's in an area that I'm interested in investing in. Since my top level filter is "theme" it's easy to make a quick call. If you've ever sent me something, hopefully you've gotten a quick response.
Most of the exchanges I have are generic and aren't focused on me. Sometimes they are. Over the weekend, I had one that I think is an ideal example of how to get my attention.
It started with anemailfrom Nick Napp of Disruptor Monkey. I remembered Nick and Disruptor Monkey from a previous referral from Square 1 Bank, but I didn't remember where our conversation went (or didn't go.) Nick'semailstarted off with the Subject line "Some thoughts re: Exchange server" and continued with:
Your recent post (Where Is Microsoft In This Party?) rang a few bells over here in Monkey land. Since you are well down the road drinking the kind of coolaid we enjoy, I’d like to share some additional thoughts with you. You are quite right that there ismagicin the Exchange data – far more data than justemailmessages. There’s social network data, implied definitions of individual/personal relevancy and a huge collection of exploitable meta-data.
There's more which was equally relevant, personalized to what I was thinking (and blogging) about, and simple to process (e.g. ahandfulof short, clear paragraphs.)
I responded with a quick "So – er – um – when do I get to play with something?" to see how real this was. Nick responded with an awesome video demonstration teaser that was customized for me. There are lots of great attributes of the video including:
It is only 2:43 minutes long
Nick is the moderator
It's personalized to me and Foundry Group
It has a 30 second setup of the problem
The other two minutes are ademoset to Steppenwolf's Magic Carpet Ride (which made it easy for me to sit back and watch.)
Under three minutes and I get that what Disruptor Monkey is doing is interesting to me.
Now, I don't know if I want to fund Nick's company, but I definitely want to spend more time with him.
Brad Feld is currently a Managing Director at Mobius Venture Capital and has been with the firm since 1996. Prior to Mobius, Brad founded Feld Technologies, which was sold to AmeriData Technologies in 1993, where he became Chief Technology Officer. Brad currently serves on the boards of a number of private companies, including Atreus, Comergent, ePartners, FeedBurner, Gold Systems, Judy's Book, Klocwork, NewsGator, Quova, Rally Software, and StillSecure. In addition, he is on the board of The National Center for Women & Information Technology, The Community Foundation Serving Boulder County, and The Colorado Conservation Trust. Brad has previously been a member of the board of directors of the Young Entrepreneurs Organization and founded the Boston and Colorado chapters. He holds Bachelor of Science and Master of Science degrees in Management Science from the Massachusetts Institute of Technology.
Related Forum Posts Re: Attention Age Doctrine
- Hi Andy,
So how did you find of "The Attention Age Doctrine" Part 1? And has following its guidelines yielded any positive results yet?
Advertisement that sales
- Plan your marketing programme. It should include commitment to capital resources.
If you run a small business, you aren't likely to have a generous enough advertising budget that will allow you to run costly branding or campaign ads.
Every advertisement you run must convey to your prospect a solid offer and attractive reasons to act quickly, and result in increased sales and an enhanced image of your company.
Good advertising always pays its own way through increased sales and profits, improved cost-effectiveness, reduced selling costs and shortened selling cycles.
A useful formula that will help you increase the effectiveness of your advertising efforts is A-I-D-A, which stands for Attention, Interest, Desire and Action.
When creating an advertisement, always remind yourself that it should: (1) capture your prospects' Attention, (2) arouse their Interest in your offer, (3) create their Desire for your product or service, and (4) provide a powerful spur to Action, that is, turn your prospect into buyers.
Remember, bad advertising is an unproductive expense, and good advertising is an investment in future profits!
Re: Character Design - using it effectively in marketing
- One thing about characters is that you can make them do things that real people can't do (such as fly). Depending on what you are selling, that can make it seem like if you use/buy their product, you'll have super powers. I know that sounds goofy, but flying is something we all wish we could do at one point in our life and the thought of it brings out the child in us, which makes us WANT. Also, kids are more apt to watch the commercial and say, "Hey, Mom, look at that......!) Attention getting, which is always good.
Re: Character Design - using it effectively in marketing
- [quote="mbrand2222":3jr8ndgd]One thing about characters is that you can make them do things that real people can't do (such as fly). Depending on what you are selling, that can make it seem like if you use/buy their product, you'll have super powers. I know that sounds goofy, but flying is something we all wish we could do at one point in our life and the thought of it brings out the child in us, which makes us WANT. Also, kids are more apt to watch the commercial and say, "Hey, Mom, look at that......!) Attention getting, which is always good.[/quote:3jr8ndgd]
Hi Mary,
I don't think it's goofy at all. Isn't this business is all about making wishes come true? That's what a good sales page do, so why not a flying character?
Focus Brings Long Term Results
- Over the past 2 years of venturing out and running my own business and not working full-time in a job I have tried numerous business opportunities. I have tried businesses in providing student accommodation, share trading and options, renting and selling paddles to dragon boat clubs and selling toilet odour eliminator products online. This was opportunistic thinking and diminished my efforts as I got started by adding more work rather than focusing on one business. It was all very tempting to try and run them at the same time to see which one would take off. Unfortunately there was no focus and when times got tough I jumped across to work on the business that interested me more.
Opportunistic Thinking Is Bad
If you are like me and see that everything is possible and always keeping an open mind about business ideas, then you will find it irresistible to try new ideas. Trust me I’ve learnt the hard way. So how have I changed this? I’m a huge fan of Yaro Starak’s blog - entrepreneurs-journey.com and one day he wrote a post about his coach Rich Schefren who was launching a new coaching program. As usual most internet marketers have a system to launch their new products and give away a lot of free quality information that can be applied straight away. They do this so they can build rapport with you and show that their information is useful before they start their sales pitch on you. As I knew the information was free and they just wanted my email address, I downloaded Rich’s eBook, the “Internet Manifesto“. If you haven’t read it, I would recommend you get a copy of it immediately.
The Change in Mindset
After reading the “Internet Manifesto”, I had a profound moment that I would change the way I operate my business. My mindset went from “thinking opportunistic” to “thinking strategically” meaning if I wanted to build a long term business I would have to set up the right systems and hire staff to leverage my time. I realised that I couldn’t do everything myself. Rich’s famous flowchart accurately shows how most Solo Enterpreneurs run their Internet Businesseses today. (I’m one of them and have taken action to outsource a lot of my work since then)
Rich Schefren's Internet Manifesto
Since then I have taken action to sell my businesses that are not part of my goals and made a mental decision to not start new business opportunities.
Focus Is Key
Since I was compelled to find out more, I downloaded the rest of Rich’s series of books which are listed below:
1. Internet Manifesto
2. The Missing Chapter
3. The Final Chapter
4. Attention Age Doctrine Part 2
5. Maven Matrix Manifesto
6. The Entrepreneurial Emergency
Through this series I learned that I needed to focus on one task at a time, not five at a time (today’s generation calls it multi-tasking). Making that shift helped me improve time efficiency and also get tasks completed that generated more money. Additionally, you need to use your strengths to focus on a task and learn to outsource the rest that you are not good at. This is the key to long-term success in any business.
Tyrone Shum
Focus Strategist
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