One of the first questions Kenny always asks a founder is “what are you? give it to me in one sentence.” Amazingly, that is a very difficult question for msot early stage founders to answer. I find that moment to moment that answer is living and evolving…and that it is rare (but extremely valuable” for someone to settle into a “one sentence” that is repeatable over and over again. Last night I went to a dinner hosted by one of our investors. It’s the second dinner of it’s kind that I’ve attended and they both followed the same format. There were about 10 attendees and the host asked each founder to introduce themselves and what his or her company did. Some people had very straightforward answers. One founder would say “we help small and medium size businesses advertise online…” another would say “we built a game called X” or “we help people find tickets for last minute events.” Perhaps my blessing and my curse at Wildcard is that we don’t fit so neatly into one simple line. I thought back to the first dinner about 5 months ago I think and I had to include an educational sentence or two on what a “card” was before being able to explain what Wildcard does. As I sat there last night, I had this nice feeling that the market and people at least in tech circles are up to speed on that. I was able to drop the educational context and arrive at a more concise introduction than previously possible. Last night I said “Hi my name is Jordan and our company is called Wildcard. We’re focussed on an emergent unit of interaction on mobile called “the card.” We see a future where cards replace webpages on mobile and we’re helping consumers and brands with an online presence to explore that future.” My introduction doesn’t get into the how…but I realized that none of the other simple intro’s explained the mechanics behind their value propositions either. It wasn’t “we help smbs market online but we are better because of x, and y and z, and these are the dashboards we give them and blah blah blah…” it was just “we help smb’s market online.” So I guess Wildcard “helps consumers and brands with an online presence explore card based mobile interaction as an alternative to webpages.” It’s still a work in progress…and of course I want to explain in that sentence our 3 products, how they fit together, the beauty of structuring data and delivering it to any channel capable of accepting it…the elegance of replacing webviews in native apps and large social channels and how that ties into replacing Safari in the consumer’s mind…but you don’t get to tell a 15 minute story when people are going around a dinner table…you get one concise shot for people to decide whether they care or not about what you do…and the language that evolves around your company, product, and mission is the difference between success and failure in that context.
So yea, I’m going to try to wear this “one sentence” for a bit and see how it feels: “Wildcard helps consumers and brands with an online presence explore card based mobile interaction as an alternative to mobile webpages.”
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