“Creative Risk” … Seeking Ideas and Data

I’m slated to give a talk at Gild International in Barcelona in December on the topic of Creative Risk. My thesis is pretty straightforward: the more competition you have, the more creative you have to be to get noticed and win.

Playing with the theme of risk, I’m planning to take a quick look at the types of risk investors (especially VC investors) think about when looking at companies to back (or not). I’ll then introduce a less-talked about type of risk: creative risk—basically how adept a management team is at leveraging creativity to win. I created the little graphic above for the talk. I might adjust as I get feedback and refine my thinking.

Any thoughts are much appreciated. I’m looking in particular for cases with data… examples of companies that have taken creative risks to stand out. Examples I’m playing with right now are:

• DoubleTwist’s placing of a highly competitive ad ON an Apple store — and their handling of the fallout.
• Mixx using creatiivty in their user interface to fight against competitors — and what appears to be some success in their usage numbers.
• I’ll look at how Microsoft has chosen to deploy creativity more now that they are seeing real competition from Apple — and how some think this is bad idea.

Either leave comments or mail me at barak@rassak.com

Thanks so much

Are Apps the New Lattes

Trading places?

Nokia’s answer to the iPhone’s appstore has launched. Many (here, here and here) slagged the launch itself as bungled (wrong link sent to the press, overwhelmed servers, etc.).

Regardless… apps are here to stay and are growing beyond the relatively small (but very watched) world of Apple. They’re here as moneymakers, as ways to connect with customers, etc. etc.

This isn’t a literal graph… but it does capture some truth. It seems that, even in these difficult economic times, some people still don’t seem to mind dropping a few dollers/euros/pounds on a little trifle they can hold in their hand that they don’t really really need. It’s just that what that little trifle is, is changing.

Editing Engineers

I had a frustrating meeting the other day with a very engineery startup. They are making some of the coolest stuff I have seen in a while. I just couldn’t convince them they need an editor to help make their technology more understandable… accessible… market-friendly.

I won’t say who they were… but I do run into this a lot. The way many companies describe themselves makes it really tough to go from seeing how cool their stuff is to figuring out what problems it will solve. Mostly because the examples they give are so incredibly technical and theoretical. Editing the examples will make a huge difference.

Sometimes it reminds me of my first job after college. I was a reporter for a community newspaper. I had an actual editor who taught me a lot. But perhaps my most important editor was the guy who ran IT. He was transitioning several newsrooms from an ancient publishing system to a new one using PCs and standard desktop publishing software. Because I had worked during college in the desktop publishing department at a Copymat (helping people format their resumes etc.) the IT head recruited me to help sell his new system internally. He asked me to create examples of the graphics that were possible with the software for a presentation he was to give to the board of directors. I excitedly created a slew of squiggly lines and shapes and patterns. No go. The IT head said “nice squiggly lines, but this will have no relevance to the board.. we need to show clear examples of how the technology can save the company money, make the company more nimble and efficient…” I was geeking out.

The IT guy (an engineer, BTW) was editing me.

One ironic thing about my recent frustrating meeting is that the CEO is a huge (gushing!) Apple fan. A fan of their technology.  He seems to miss that they are a great company ALSO because they are brilliant communicators.  Look at the picture of the Mac at the top of this post. An engineering-only company might have written what engineers are trained to write when they create a new program: “hello world”

Somebody edited the engineer.

Removing one word made the computer friendly, human, approachable.

BTW… here’s another post about how important one word can be. It also happens to be about Apple. And if you’re into the idea of editing, here are a couple more posts: Where Blood Tasted of Blood and Honey of Honey and Less is More.