To make a 'real' impact in the cultural and political space of the United States and internationally, we must demostrate our values through our choices as consumers, investors, and workers. While it is easy to point to all of the corporate waste and exploitation, we must be proactive by making it easy for people and organizations to invest in and grow the just and sustainable economy that is emerging.
February 9, 2010
LoudSauce is a Changemakers WeMedia Finalist
We just found out that our social venture LoudSauce, a social way to buy ad space for your favorite causes, was selected as a finalist for Ashoka's WeMedia Changemakers Pitchit competition, which means I will be pitching on March 9-11th in Miami for a chance at $25,000 to start the social enterprise.
A little less than a year ago, during another yearly beginning of reflection, I engaged in an excercise to find a new name for the social venture I had been discussing over the past few years. In 48 hours, a group of professionals and amateurs alike suggested names for a "crowdfunded media buying service for social enterprises," and the name that emerged as the winner based on NameThis.com's algorithms, was LoudSauce (suggested by non other than a previous Nokia client and hip hop karaoke master Dan Goodall.
The excitement of the interest from friends and supporters was contagious, and we ended up applying to a few venture competitions including TechStars and Ycombinator, and found a developer in the Bay Area who was interested in joining as a co-founder. We were happily surprised to be invited by Paul Graham and the friendly Ycombinator team for a final round interview in April, which perfectly coincided with a trip back to the US from London for my 10 year Duke reunion.
After one of the most efficient 10 minutes of communication I've ever experienced, they handed us a check to cover our travel expenses, and later that night we eagerly awaited their decision. While the discussion during the interview had focused on the model - we showed an early prototype and were asked what kinds of causes would attract the most funding - the email from Paul gave us the main reason they chose not to invest.
He said they liked us and they liked our idea, but they felt that LoudSauce would be "open to criticism on the grounds that you were encouraging people to spend money on advertising instead of giving it directly to charities." He wrote that advertising is criticized heavily anyway, and that as a for profit, we could be accused of channeling dollars away from solving problems and into advertising for our own profit.
While we understood his point, we were frustrated because we hadn't discussed that during the conversation. The appropriate causes that will benefit from LoudSauce are not causes like disaster relief in Haiti, which are well publicized and well served (at least initially) by current funding channels. The right causes for LoudSauce will be those that groups of friends or networks think are under-exposed for certain target audiences (like the Atheist bus campaign in London). We're essentially developing the tool to automate what groups like MoveOn and Repower American have been using with their users already, so that the rest of us active citizens can fund ad campaigns that we think are worth focusing attention and investment towards.
For too long, many conscious people have understandably criticized advertising as largely trying to get us to buy more plastic stuff that we don't need. In many cities, some graffiti and murals seem to do a better job at providing a positive vision for communities than billboards and television. However, now it's time to leverage some of the talented designers and culture jammers of our generation, and put our money where are vision is.
Over the coming few weeks, I'll be working on my 10 minute pitch for the WeMedia PitchIt session in Miami. If you have ideas about how you think it can be the strongest, please do let me know. Thanks so much for your attention and your support.
My song Destination Non-Specific has spread on Youtube mostly because users are forced to strip the copyrighted music from their videos (using YouTube's audioswap function), and are offered Creative Commons music like mine to replace it.
Then, a few months ago, I got a pretty interesting one where user comments were upset cause the song was used on top of a popular video from one of their favorite artists. The users of course weren't that happy, but it was interesting to see some of the comments were positive about the song.
Then today I realized did a search and realized that the song had been used a lot, so did a search on youtube for "Destination Non-Specific" and it came up about 50 results on Youtube.
When I was browsing, I noticed a user named annamaisa had even made an actual music video for the song, and it's actually pretty beautiful (and viewed over 10,000 times). See here.
Overall, people continue to validate my belief that many of us are living in the emerging gift economy. While I still have not leveraged any my life long social capital for actual tangible cash capital, I think that day might be coming soon.
With 172 names suggested and 1,192 votes cast over the 48 hour session, it was an amazing experience that put vastly more energy towards launching this venture than I could have ever put in alone.
When I first received word about the three winners, I was a little shocked (Loud Sauce and seedjar seemed completely random). But after writing some draft proposals using the name LoudSauce, and hearing back from some of you in my larger community, I am starting to seriously consider it.
Not only is it a great first story to begin a venture rooted in trust in the participation of the crowd (and a name submitted by one of my current Nokia clients), but it may be a name that designers may find interesting potential in exploring a brand identity (more on that in later emails). Let me know if you feel strongly that it works or doesn't work.
I hope you will continue to spread the word and share your thoughts via email or the comments below. Enjoy this amazing week for the world honoring Dr. Martin Luther King, Jr. and the new leadership in the United States.
Mashable has an interesting summary of social media marketing examples. I find it helpful for talking about some of the kinds of marketing that is worthwhile in the digital marketing space beyond traditional banner advertising (which is annoying).
Twitter Spam - Why do you have to ruin every medium?
Seriously, why do people try to abuse every interesting and useful new medium for the love of making money? For all the talk of useful + creative replacing interruptive advertising, obviously interruption is still effective at getting our attention. =(