Welcome Talk - CMO Mobile Summit 2014
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Transcript of Welcome Talk - CMO Mobile Summit 2014
Welcome Talk
Co-organized by: In partnership with:
By Arthur Policarpio, Mobext CEO
Co-Chair of CMO Mobile Summit 2014
To make mobile work, CMOs
and agencies need to think
more like start-ups.
Why do the best mobile ideas
come from start-ups…
And not from agencies?
21
Mondelez partners with startups to commercialize a
joint innovation in 90 days.
6
PepsiCo handpicks 10
startups who can pilot
their
technologies to market
PepsiCo brands.
Start-ups get the opportunity to work on global
Unilever projects and be mentored by Unilever’s
top marketers.
Choremonster
Received $120,000 in
investment capital
and mentoring from
top Disney executives
http://disneyaccelerato
r.com/mentors/
21
Welcome to the
new mobile economy
$18 B 600 employees
$ 17 B 71,800 employees
$10B 100 employees
$15 B 62,553 employees
$ 10 B 1,000 employees
$3 B 16, 160 employees
Apply Startup Thinking to
Mobile Marketing
» Create Products, Not Campaigns
» Test, Learn and Scale
» Speed
» Failure = Progress
» Risk-Taking
13
#1
Create Products,
Not Campaigns
30
Awards Creativity
Technology
Agency bias to creative flair, awards
But what keeps CEOs awake at night?
31
3 Things that Matter to CEOs
Startups don’t think of mobile as just a media channel.
Distribution
Marketing
Customer Service
Product Development
Business Model
Treat Advertisers as Venture Capitalists
Track Participate Personalize
Nike+ app
And it paid off
Over 7M Nike+
community members
Revenue up 16%
to $24.1 B --
the highest in 15 years
Google’s Toothbrush Test
Will I use it everyday?
Will it improve my life?
#2
Test, Learn, Scale
WARNING: This process is
irreversible!
Nail it, then scale it
Build Minimum Viable Product (MVP)
Launch and get feedback
Refine
NOW Massive marketing launch
PR stunts
Additional features
LATER
Remember: this can’t be the other way
around!
Facebook started as a ‘Hot or Not’ site for
Harvard
Then Facebook added the Newsfeed
Facebook Today
Ad network
Facebook Developers
Facebook Connect API
Newsfeed
1.23B monthly
active users
#3
Speed
24
Speed is Critical
“If we can reduce the time
between pivots
We can increase our odds of
success
Before we run out of money”
24
“If we can reduce the time
between pivots
We can increase our odds of
success
Before we run out of money”
Why launch fast? You get to test your
ideas directly with the people who will
use the product.
Speed is Critical
Launch a “Minimum Viable Product”
(MVP) Quickly
How it works
Add a friend and send
him a Yo
Your friend receives a Yo
from you
Why Yo was born
Hogeg approached Arbel to request for a simple way to get in touch with
his assistant on his smartphone.
Moshe Hogeg
Co-Founder of Yo
Or Arbel
Co- Founder of Yo
Now, Yo evolved into a service
Get a Yo when your favorite soccer
team scores a goal
Get a Yo when your package from
Fedex is ready
Mind-boggingly simple
valuation
$10M
Registered users
2.5 M Time it took to develop
8 hrs
#4
Failure = Progress
The “Perfect App” Doesn’t Exist
"We apologize for the great inconvenience experienced
by users, and are working around the clock to prepare
iOS 8.0.2 with a fix for the issue, and will release it as
soon as it is ready in the next few days." a
company spokesperson told The Verge.
The “Perfect App” Doesn’t Exist
Failure =
Learning Experience =
Product/Business Evolution
47
Never stop developing
GRABTAXI: Over 100 iterations in a year!
#5
Risk-taking
Airbnb : A ‘dumb’ idea
Would you rent out your homes to total
strangers?
Brian and his co-founders sold
cereals to attendees of the
Democratic National Convention in
November 2008.
Airbnb: Pushing ahead
Active properties
200,000
10 M Guest nights booked
from 2008 to June 2012 Hotel night booked every
two seconds
1
100% Growth rate of Active
properties for the past five
months
Finding success
Valuation
$2.5 B
Finding success