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October 28 2010
5 Tips for Startup Success from the CEO of Meetup
The Digital Entrepreneur Series is supported by Egnyte. Egnyte Hybrid Cloud File Server delivers critical business infrastructure — online storage, file sharing, collaboration and backup — at LAN speeds. Visit www.egnyte.com to learn more.
Little more than a decade ago, Scott Heiferman — now the co-founder and CEO of Meetup, a social network for local groups — never saw himself as someone who cared much about regional communities. Having previously held roles as “interactive marketing frontiersman” with Sony and as founder of an online ad agency, he believed the Internet was going to make geographical boundaries irrelevant.
Then the September 11, 2001 terrorist attacks took place. Heiferman, already established in New York City at the time, found himself talking to his neighbors more than he had in years. He began to start thinking about the importance of maintaining connections within one’s community, and he began considering ways to provide people with a chance to “self-organize” on a local level.
That’s how Meetup, a site that now has 7.2 million members, came along. More than 75,000 local groups — featuring everyone from fashionistas, businesspeople and parents to specialized clubs like the Barefoot Hikers of Connecticut — coordinate meetings via the site.
Heiferman admits he never really wrote up a business plan or extensively thought about funding during the initial days of forming Meetup, but he does credit some of the following ideologies for contributing to his startup’s success.
1. Focus on Solving One Puzzle at a Time

Heiferman says a good company asks itself one question when it’s getting started: “What puzzle am I solving?” He feels it’s important to stay focused on one task at hand, even when founders aspire to form a company that will offer a variety of services.
“It always shocked me when I saw startups trying to solve two puzzles,” he says, recalling the days when he ran the New York Tech Meetup. “They’d be like ‘Yeah, we’re going to make this awesome geo-mobile thing, and it’s going to serve advertisers really well!’ ”
In such cases, Heiferman says presenters would then go through the ways in which advertisers could benefit from such a product. But often, it’s more important to create a product that people want to use and to make sure that you’ve established that user base first.
“You need some real strike of lightning and luck to get both at the same time,” he says, adding that major companies like Google and Facebook didn’t exactly start out with ready-made plans for a great advertising medium.
2. Build for Surprise

When Heiferman initially thought of forming Meetup, he never had any idea how diverse the site’s user base would become. Suddenly groups of witches, pagans, ex-Jehovah’s Witnesses — and even supporters of political candidates — began popping up. This included a then-obscure Illinois state senator named Barack Obama, who had decided he was going to run for the United States Senate.
Obama’s team wound up creating a website — with Meetup’s logo located on the side — where it was stated that he would be campaigning via meetups.
“Now we never thought that this would be used for politics,” Heiferman says. “It didn’t cross our minds. We didn’t think that way. But most of how people used Meetup were ways we didn’t think they would, and most of how we thought people would use it — they didn’t.”
Because of this, Heiferman says it’s important to leave room for surprises while forming one’s business. Ultimately, it’s about what the people want and what uses they’ll be able to find for it.
“If the product is good, and if it taps emotion and it taps a feeling, and it taps needs — hopefully it spreads around,” he says.
3. Work on What’s Most Fascinating to You

It’s less important to get caught up in the fervor of forming a startup and more important to work on a project that truly appeals to you.
“I have never said to myself, ’I want to start a company; what should I start? I want to be an entrepreneur; what should I create?’ It just so happens that the things I wanted to be a part of didn’t happen to exist,” Heiferman says.
If anything, he suggests going to work for a startup that’s doing something you want to do.
“If there was a Meetup when I was going to start Meetup, I would have gone to work for them, not started it,” Heiferman says, pointing out that there are also sometimes opportunities to found a particular division within a company even if you haven’t started the overall operation yourself.
“I think one of the most fascinating founder stories in months and years ahead are going to be the internal founders of important projects within companies,” he says.
4. Be a Maker and Builder of the Product

Heiferman spent the early days of Meetup sketching plans and implementing informal user tests. He was less focused on business development, investors, partnerships or public relations. He believes knowing his site thoroughly, from conception to launch, helped the final outcome become much stronger.
“I’ll put it this way — if you’re starting a fashion label, you’re coming up with breakthrough fashion,” he says, emphasizing that one must truly know the project he or she is starting. Otherwise, he thinks it’s a huge mistake.
“I see so many Internet entrepreneur wannabes who are doing anything but making. You’ve got to be a maker and builder of the product.”
5. Form a Killer Team

The team is key to supporting a product that will succeed. Heiferman pulled together a crew after considering a few points: what he wanted to accomplish, why he felt it was needed and what it needed to come to life. He assembled a team after talking to new people, while also relying on some longtime colleagues. In the end, he chose those he felt would help him with his goals. One longtime colleague was fellow co-founder and CFO Brendan McGovern, someone Heiferman had worked with since his days interning at Sony.
“You need a team that’s going to care about this thing as much as you do,” Heiferman says. “There’s a fine balance between trusting those you have a relationship with and the convenience of people you have a relationship with, with being discerning about talent.”
And a team does not refer to those you might outsource to get certain projects done.
“I mean a team that you’re going to be the band of brothers with, together,” Heiferman says. “And sisters.”
Series Supported by Egnyte

The Digital Entrepreneur Series is supported by Egnyte. The Egnyte Cloud File Server allows organizations of any size, from small businesses to large enterprises, to deploy online file storage, backup, sharing and collaboration, in one secure, centrally managed and easy-to-use solution. Egnyte employs a hybrid cloud model that enables fast local edit capabilities and offline access to files. It also offers mobile access to provide users with secure file sharing capabilities from their smartphones. For more information, please visit www.egnyte.com or call 1-877-734-6983 (1-877-7EGNYTE).
More Business Resources from Mashable:
- HOW TO: Connect with Other Entrepreneurs Online
- Inside Group Buying: 7 Small Business Success Stories
- HOW TO: Nail Your Elevator Pitch
- 5 New Ways to Market Your Brand on Facebook
- Top 7 Social Media Services for Small BusinessImages courtesy of Flickr, Milton @ Meetup, mike fischer, ShaneMorrisPhotography
Reviews: Facebook, Flickr, Google, InternetMore About: building a startup, business, Digital Entrepreneur Series, List, Lists, meetup, small business, startup, startup tips, startups, web startup, web startups
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July 21 2010
Growing Your Business: 5 Tips From the Founder of Blip.tv
This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business.
Dina Kaplan co-founded Blip.TV, a video sharing platform for independent web shows, five years ago. In those five years, Kaplan has seen her business grow from a really small niche of video bloggers who were producing original video shows, to thousands of users using the site to host their own shows and upload produced videos.
The New York-based company, which shares revenue 50/50 with content producers, has scaled to 96 million video views a month and is now seeing more of its shows making more than $10,000 a quarter than ever before. In fact, Kaplan said payouts to content producers have increased 77% from Q1 to Q2 of this year.
In the last five years, Kaplan has learned quite a bit about what it takes to grow a business, with or without the help of funding. Here are 5 things Kaplan recommends to entrepreneurs.
1. Don’t Try To Be All Things To All People
Kaplan said that when Blip.tv was just starting in 2005, the company went after a discrete market. “We didn’t try to be all things to all people,” she said. Blip.tv targeted a group of people who were producing original shows for the web and saw an opportunity to make their experience better. They saw a problem that could be fixed. The market they chose was very small, she said, but one that they knew would grow.
2. Learn From Your Customers
Once the company identified their target market, they studied it. They spent time with key users who were producing original video for blogs. Kaplan said it was just a handful of people at that point, and they hung out with them, got beers with them, and did a lot of listening to learn exactly what they were looking for in a platform that would host their shows.
“We did a lot of listening and built tools that would make their lives easier,” Kaplan said. “As the market grew, we did more listening and adapted the platform to the needs of the producers of video content.”
3. Hire Experts
Kaplan stresses hiring as one of the most important aspects to growing your business. At the beginning, the founders are doing everything, but it’s important that as you grow you hire experts in the different fields your business requires. Use your personal network, friends, cousins, a professional contact, and go to industry events and meet with people in your field.
“Hiring sets up your company to be much larger than yourself,” she said. “Give it all you got. You will benefit from good recruiting.”
She also noted that the reputation and culture of the company is important in hiring. People talk, and if your company is a good place to work and has a great environment, treats its employees well, people will hear about it, she said. One of the things that Blip.tv has done is give all of its employees free lunch every day. “Sure it costs a lot of money, but it brings our company together,” she said.
4. Engage and Connect With Your Community
Connecting with your professional community is not only important in hiring, but in doing business in general. It can generate leads, partnerships, and opportunities that you may not have known were available. Kaplan said that some time should be spent with your “head down” focusing on the product, and a good chunk of the time should be spent with your “head up” meeting with people in your industry, communities of professionals, companies and other entrepreneurs.
“You should spend some of your time learning from other people and making connections,” Kaplan said. “Your business shouldn’t exist in a vacuum.”
5. Don’t Obsess Over Funding
Kaplan said companies often obsess on the funding, often at the expense of the product. She said business owners should focus on the product and market, and if the product is a great idea, the money will follow. She thinks focusing on building the product, especially for Internet companies, is the first step and then looking for revenue or funding should follow.
“The funding isn’t the scarce resource. The scarce resource is good ideas, and more importantly, good execution,” Kaplan said.
More Business Resources from Mashable:
- Growing Your Business: 5 Tips From the Founder of Foursquare
- 10 Tips for Corporate Blogging
- 5 Lessons to Learn from Web Startups
- 11 Essential Online Resources for Consultants
- 5 Online Tools for Answering Your Small Business Questions
Reviews: BLIP, Internet
More About: blip.tv, business, dina kaplan, entrepreneurs, List, Lists, small business, tips
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