Feeds:
Posts
Comments

Posts Tagged ‘Reply All’

STARTING A COMPANY VS. RUNNING A COMPANY

Once his podcast company Gimlet Media was up and running CEO Alex Blumberg realized there was a difference between starting a company and running a company. It’s almost like finishing a marathon and the next day starting an ironman race. Much endurance and stamina is needed.

Running a startup business is not a 9-5 job. The wild success of the Serial podcast developed by Blumberg’s former employer This American Life brought new respect to podcasting and raised the production bar.

Gimlet Media started with two podcasts (StartUp and Reply All) and it became clear listening to season one of the StartUp podcast that all employees were pushing themselves to exhaustion. PJ Vogt, one of the hosts of Reply All, said seriously “I don’t need to have a personal life this year.” His co-host Alex Goldman added, “We cannot keep the pace of going the way we’re going.”

Investors were pushing for growth. More shows, more advertising revenue. More advertising revenue, the more the company was worth. Remember “moderate growth is enemy.” Mistakes are also the enemy of any startup. Part of their small team of people included some who were young and inexperienced. “Mistakes want to get made,” Blumberg said reflecting on an early blunder.

Within the first year of its launch Gimlet Media had viewership 10 times what was projected. They were pioneering native advertising where the advertising looks and feels like the non-advertising content that surrounds it.

But this got Gimlet Media caught it what Blumberg called “the wrong side of native advertising” when the mother of a 9-year-old they interviewed thought her son was being interviewed for This American Life instead of an advertising spot for Squarespace. A Tweetstorm ensued with comments aimed at Gimlet, “When we blur the lines between marketing and journalism to the point of where people are misinformed that’s just lying.”

Gimlet has a presence on Facebook, Twitter, and LinkedIn, and prides itself on transparency. So they owned their mistake and gave a public apology, and it led to a clarification of their native advertising policy which you can find on their website. No one said starting a company with a small group of people was going to be easy. (To see native advertising done correctly see the Open for Business work Gimlet’s creative team did for ebay.)

Related posts:
Power Your Podcasts with Storytelling (Part 1)
Power Your Podcasts with Storytelling (Part 2)

Scott W. Smith

Read Full Post »

%d bloggers like this: