As a New Yorker, I have the good fortune of easily attending any number of high profile industry conferences that take place here and attract a whoâ€™s who of those mapping our digital futures. Furthermore, events hosted by established or burgeoning media properties â€” many based in NYC â€” tend to feature more industry luminaries than their event management-only or trade association counterpartsâ€¦with exceptions.
In the tech & media space, media brands like Fortune, AllThingsD, TechCrunch, GigaOm, Mashable, Forbes, TheNextWeb, and others have bolstered their bottom lines (and news holes) by mounting their own branded events. PandoDaily’s Sarah Lacey penned this when announcing her site’s first big conference, Southland 2014, in Nashville(!):
“We all know the tech world needs another three-day conference like it needs another photo-sharing app. And yet Iâ€™ve always known that designing the next great three-day tech conference would inevitably be a big part of our business.”
Here’s tech media industry vet (Wired, Industry Standard) and Federated Media founder John Battelle recently chatting up Bloomberg TV’s intrepid Cory Johnson about the role conferences have played in the evolving tech ecosystem. It was pegged to his distinctive “conference” model OpenCo that lets attendees actually visit companies of their own choosing – some 135 of them.
Several years back, I attempted to persuade The New York Times to leverage its esteemed brand and get into the conference game, but the wisdom of my argument fell on deaf ears. Finally last year, The Times, under the imprimatur of Andrew Ross Sorkin’s DealBook, woke up. This week it held its second DealBook Conference, which gathered many of the biggest movers & shakers in business and finance. Think Dalio, Diller, Fink, Loeb, Griffin, Musk, and Ross. (Links to presentations here.)
|BI’s Alyson Shontell (@ajs) as #Ignition2013 Host|
One of my perennial faves has been BusinessInsider’s Ignition conference, which also took place this week at the Time-Warner Center. This is the third year I’ve attended, and again, it didn’t disappoint. A company called Eventifier rounded up some of the attendee-supplied images here.
One of the first panels I attended had BI’s Jim Edwards talking B-to-B social marketing with SAP and GE’s social/content/digital leads, with the B-to-C Canyon Ranch along for the ride. Paul Marcum, GE’s Director, Global Digital Marketing & Programming, cited LinkedIn for “its ability to grow our enterprise graph,” while Michael Brenner, SAP’s VP of Marketing and Content Strategy, named Twitter as his company’s “best social channel,” admitting that “it’s a challenge to manage the number of accounts we have.” Surprisingly, he also cited SlideShare as “one of the biggest opportunities for B-to-B marketers.”
|l. to r. Brenner (SAP), Marcum (GE), Martin (CR) and Edwards (BI)|
Marjorie Martin, chief content officer for luxury spa Canyon Ranch, called TripAdvisor an “extraordinary resource for us,” and stressed the importance of visual images a la Pinterest for driving brand awareness. Edwards astutely asked the panel what hasn’t worked, and GE’s Marcum mentioned FourSquare “I love the platform, but it hasn’t worked for us.” Marcum also has his eye on the integration of YouTube and Google+, which he believes “will change things.”
|l. to r. Levine (Bessemer), Hippeau (Lerer), Fisher, Ante|
Next up: some big time NYC VC’s including Lerer Ventures’ Eric Hippeau, Bessemer Venture Partners Jeremy Levine and early stage investor Shana Fisher who just had a gushing profile in BusinessInsider. The Wall Street Journal’s Spencer Ante moderated. (Huh. No Stalwart?) Here are some notable quotables from that session titled “Yes, I’m Still Investing In Social And Mobile!”
Hippeau: Following Twitter’s successful IPO, Alibaba’s impending public offering should be another “watershed moment.”
Levine: The large number of seed investing right now is “a boon for us.”
Hippeau: On the impact of Twitter’s IPO: “Twitter is one of 10 or 12 fundamental platforms.”
Levine: On Twitter’s IPO: “…only company that didn’t burn its investors (like Groupon, Facebook)”
Hippeau: “We [Lerer Ventures] invested in 50 companies in each of the last few years. We’re bullish on consumer technology.”
Fisher: “Young people create new things because they’re not burdened by knowledge.”
Levine: “Success is not about a unique idea. It’s about killing it. Doing better than competitors.”
Levine: I’m “excited about those companies that pick apart vertical marketplaces (a la CraigsList and Uber). We will see more of this.”
|Showtime CEO Matt Blank|
I then had to bail to attend the annual Center for Communication luncheon at The Pierre honoring Showtime CEO Matt Blank. If you know of a student aspiring to ascend in the communications industries, the NYC-based Center for Communication is just the ticket. Their top notch seminars and annual lunch are well worth the time and effort.
I made it back in time to catch Digiday’s Brian Morrissey talking ad tech, the demise of cookies, and personal data capture in a sesson titled “Mobile Targeting: Life After Cookies” with Criteo’s Greg Coleman, The Weather Company’s Curt Hecht, and Drawbridge’s Kamakshi Sivaramakrishnan. Here are some noteworthy Twitter bites I picked up:
Coleman: “For targeting, desktop to desktop remains a big business…followed by device to device, then in-app.”
Hecht: On why mobile ads suck. “They don’t have to. We offer brands native experience (vs banners)”
Coleman: “Print publishers should be last people to be allowed to tinker with their digital product.”
Morrissey: “Facebook, Google and maybe Twitter seem to be the only ones making money on mobile advertising”
Coleman: “Some of my favorite websites still have some really crappy apps. I won’t name names.”
Coleman: “Two years from now we’ll not be using the word ‘mobile.’ We’ll be using the word ‘reach.’
Morrissey then played agame of word association. Here are the three I remember and the panelists’ replies:
Standard mobile banner: “sucks”
At fatigue: “search”
Fate of mobile ad network: “doomed”
|BI Founder & Editor-in-Chief Henry Blodget|
Onto the next morning when BusinessInsider’s founder and editor-in-chief Henry Blodget took the stage to run through “the numbers,” with the help of BI’s “Intelligence” team. Rather than take this space to share the litany of trends shaping our digital futures, here’s a link to the presentation and some notable quotables from Mr. Blodget:
- Digital is now 25 years old. There are 3 billion people online worldwide. New media dwarfs old media in market cap.
- The most important digital trend: multiple device fragmentation; tablets, phablets, wearables…
- 60% of world’s screens are mobile. People spend an average of one hour a day on smartphones; 30 minutes a day on tablets.
- There are 11 billion WhatsApp messages/day; 350M Snapchat messages/day; ALL of Facebook’s revenue growth now coming from mobile
- Tablets replacing TV. Smartphone penetration has just overtaken feature phone. In U.S. smartphone sales slowing.
- Platform “winner:” Android globally, except in U.S. where Apple has 50% share.
- Google ad rev is now bigger than all newspapers and magazines combined. YouTube ad rev is bigger than AMC TV.
- Google is absurdly dominant in ad revenue and on mobile (w/ 90% of market). Google has won.
I did manage to catch the social TV session moderated by AllThingsD’s Peter Kafka during which execs from Facebook, Shazam and Nielsen-owned SocialGuide discussed the presumed and increasingly evident “causal” relationship between social media activity and TV ratings. Gee. I thought this particular cause and effect was established long ago. I guess not. There’s always next year’s VMAs, huh Miley?
I was able to grab some video with Shazam CEO Rich Riley following his stage appearance RT: 3:38).
Next up: “The New News, Is this the Golden Age of Journalism?” featuring Rich Caccappolo, COO, MailOnline, Lewis Dâ€™Vorkin, Chief Product Officer, Forbes, Chris Peacock, Executive Editor, CNN Money, Jacob Weisberg, Chairman & Editor-in-Chief, Slate Group, and moderated by Gordon Crovitz, Co-Founder, Press+.
|Weisberg & D’Vorkin|
Here are some tweet-worthy sound bites:
Weisberg: “There’s never been a better time to be a journalist. There’s never been a worse time to be a newspaper”
Peacock: “Some of the best [media] innovation is coming from pure technology plays. (eg, mint.com)
Caccappolo: It’s a golden age for breaking news. Readers “addicted to [The Daily Mail’s] massive homepage”
Peacock: “Journalism sustainability will come in hybrid models,” e.g., ProPublica
D’Vorkin on display advertising: “It’s clear that downward pressure on CPMs will continue.”
D’Vorkin: “Over last two years, more than half of our traffic goes to content that is 30 days or older.”
D’Vorkin: “The beauty of our contributor network [1300 strong] enables our 40 on-staff reporters to do more investigative work.”
Weisberg: “Display advertising [still] growing 30% per year, but other marketing revenue bigger.”
I caught up with Lew D’Vorkin following his session. He told me he recently visited Ogilvy PR and I heard he plans to keynote the upcoming PR News Media Relations conference. (RT: 4:18)
|Roth and Lazerow|
I then enjoyed watching the tete-a-tete on social marketing between BuddyMedia founder Michael Lazerow, now part of SalesForce, and LinkedIn’s editorial director Dan Roth. (Who knew they were college buddies?) Best line (from Michael): “When we started Buddy, Facebook has 20 million users. We got very lucky.” Later he added: “in digital marketing, identity is everything. the whole world of cookies is falling apart.”
IAB president and CEO Randall Rothenberg, an old friend, took the stage to chat with the global chairman of WPP’s GroupM Irwin Gottlieb who had some noteworthy quotes.
|IAB’s Randall Rothenberg|
Here are a few I picked up:
- “We don’t call it media buying at WPP. It’s investment management.” (With clients spending $100 million+)
- “It shocks me that it took so long to reach the level of programmatic [buying] today.”
- “GroupM’s planning function is moving to strategy, leaving tactical issues to specialists.”
- “GroupM spends more money with $GOOG (“frenemy”) than any other media vendor in the world.”
- On competing with Google: “There’s a lot of profile data that Google doesn’t see. We [GroupM] can go toe-to-toe with anyone.”
- “Using profile data to improve targeting, message optimization should be viewed as a good thing.”
|GroupM’s Irwin Gottlieb|
Finally, I had a chance to catch the sit-down between Henry Blodget and Lerer Ventures’ Ken Lerer. Interesting that the conversation opened with a discussion of PR and press, and why Lerer doesn’t do mopre intyerviews. (I should feel lucky that he agreed to talk with me on camera at last spring’s GigaOm paidContent conference in NYC.)
|Blodget & Lerer|
Here is some of what he told Henry:
- “In my old company [Robinson Lerer Montgomery], we did corporate communications, not PR. It was not about getting press. It was about not getting press.”
- “Most companies should shut up (not get press) until they reach a point that they have something to say.”
- “It certainly helps to tell the story when you have a good believable story tell. Buzz is only good with a strategy” (not for its own sake).
- “When Buzzfeed [a Lerer Ventures portfolio company] pivoted to doing our own news [vs aggregated content only], we took off like a hockey stick.”
- “We’re launching the Dodo in about four weeks.”
- On another portfolio company NowThisNews: “Old news brands are not serving young consumers. We’re all-video, all-mobile, all-social.”
What Ignition conference would be complete without Piper Jaffray’s $AAPL analyst Gene Munster running through his predictions for the world’s most famous consumer brand. A little more contrite this year, given his misguidance on the launch of Apple TV…each of the last three years. Still, he went ahead and predicted Apple TV (finally), an Apple smartwatch, and a larger screen iPhone all for 2014. Will Apple connect the home? We’ll see.
I didn’t stick around to see Elon Musk speak, though I really wanted to given that he’s been the subject of a couple posts of mine this last month. I had some client work to finish up. I did, however, get a hands-on Elon experience. It turns out that Tesla organized some test drives of its celebrated Model S.
|Yours Truly in Tesla Model S on West 60th Street|
I convinced the Tesla Chelsea showroom rep to let me take it through Central Park, closer to my east side office. Way cool. What a car! I dumbly asked whether I could park it on the city streets overnight. She said no. I would need the ability to re-charge the battery.
Net net: at $70,000 without any options, and $130,000 fully loaded, I think I’ll pass…this year.