Oct 31 2006

Moving to Toronto

Category: From My LifeJeremy Wright @ 11:01 am

A couple of weeks ago, I mentioned in passing that we’d decided to move to Toronto. There were a few reasons for this, but by far the largest was b5media. While the VCs were very happy about the idea, they didn’t really push for it. From a business perspective, there were a few big reasons to do this:

1. The size of the team in Toronto will only increase. We’ll never be a “big” team, but the growth is almost certain to happen in Toronto.
2. Travel. The truth is I travel too much right now. Much of it is to Toronto, which means less travel. But, much of the time it takes for me to travel is connecting back and forth to Toronto as well. For example, it takes me 16 hours to get to San Francisco. From Toronto, this would be a direct 5-6 hour flight (minus customs).
3. Networking. While we’re a virtual company, the reality is that content will always have value, and we do lots and lots of content. Networking and partnering a huge growth areas for us.
4. Permanency. There’s something about having a real business address. Both for customers and suppliers, but also for the team.

End of the day, it really comes down to creating a sort of nexus of energy, resources and skills that the rest of b5 is able to draw on, and that’s able to represent b5 to the local and national community here in Canada.

Ultimately, lots of great business reasons to move. But, a great business reason isn’t exactly enough to convince my gorgeous wife ;-) So, yes, lots of good personal reasons as well. Closer to family, closer to friends, closer to potential longer-term baby sitters (so we could take our first-ever vacation), an IKEA nearby, etc.

But, this is an incredibly sad move for us. The community, people, nature, church and weather here in St. Stephen have become home over the last year and a half. I’ll be honest, we’ve moved a lot in our lives. I’ve moved more than 30 times personally. I don’t normally get all that attached to places. But St. Stephen has become, for the first time in more than 5 years, a home for us. Which makes this move incredibly hard. The goodbyes, the tears, the “last” everything… It’s incredibly hard.

I’ll have a post later this week trying to properly come to terms with the leaving. Not sure what words I’ll find, but yeah, to not try and find them would be a disservice to all of our great friends here :(

In terms of the move, the schedule looks something like this right now:

Nov 2: Movers come and pack everything up
Nov 3: Movers take all stuff and our car away
Nov 5-8: I’m in NYC at ad:tech
Nov 9-11: Staying in a hotel here in town
Nov 12: Last day at church (maybe I can play drums, Dan?), flight to Toronto (our first as a family, Evan’s flipping out, jumping around, running into walls excited that he finally gets to go on a plane with Daddy, hehe)
Nov 15: Move into new house

And, Nov 12-24 or so is a series of on-site meetings with the b5 management, ops teams, VCs, etc.

Crazy.


Oct 26 2006

Interesting Presentation This Morning (Or Will Apple, Google and Dell Die?)

Category: From My LifeJeremy Wright @ 11:18 am

I did an interesting presentation this morning. I went into it knowing it would be interesting, though, and it ended up largely as expected.

The overall topics was on the value of communities. I opened it with some thoughts on the types of mistakes companies who don’t use communities at all make. These were characterized as “3 Ways to Kill Your Business”, which I broke down as the following, and with the following examples:

1. Death by Deafness (Google)
2. Death by Ignorance (Dell)
3. Death by Stupidity (Apple)

Now while some might think this was the conference equivalent of linkbaiting (okay, it kind of was), there were 2 things going on, really. First, as any regular reader will know, I often blog half-baked ideas and improve on them through conversation. Instead of doing it in a blog post, though, I did it on stage and with audience participation. Second, I really just wanted to fuel some convesation.

Now, considering Mike Arrington was also on the panel and he fundamentally disagreed with me (which is fine, it’s an honor to be disagreed with live on stage by Mike), it probably came across as me kind of waffling. The truth is that this is really a large evolving thought for me.

My second session of the day was much more crystalized. This session was really just the second half of my original talk (we never got past the “how companies who don’t use communities suck” portion of the presentation). The second half was really about explaining the perception shift required to build proper communities, and the 10 things I believe are critical for doing so.

These were, in no particular order:

1. Align it with business goals
2. Plan for success
3. Plan for failure
4. Innovate
5. Respond to questions / comments / criticisms
6. Leave money on the table
7. Ask questions
8. There is no spoon
9. Assign resources
10. Fail weekly

Really, these are my “rules for business”, if I had rules. And they ultimately boil down to: respect and value your customers, take risks that you believe in, and think stuff out.

I know I didn’t come across clearly in the morning session, which is fine. Mike might think I’m a moronic jerk who likes to pick on Apple and Google (okay, I do).

But the point is that there is a massive opportunity out there for companies who are able to shift their perception and value users, create effective feedback mechanisms and take risks. I know it didn’t come across well in the first session, but my beef is really with companies that ignore customers, don’t think creatively, don’t plan effectively, refuse to innovate and won’t take risks.

The session was fun, though. 24 hours of travel, 3 hours of sleep, a new talk, a half-formed idea… It could have gone a lot worse ;-) Note to self, though, if you don’t want the whole audience thinking you’re a jerk, only “link bait” when you’ve got notes ;-)


Oct 24 2006

House Secured

Category: From My LifeJeremy Wright @ 5:36 pm

We put in an offer on a house (lease) this weekend. Just got news that we got it! Official move-in date is Nov 15, though it’s likely we won’t really move until like the 24th or something :-D


Oct 24 2006

Romania Again

Category: From My LifeJeremy Wright @ 5:25 pm

I was in Romania once this year and absolutely freaking loved it. It was hard in a lot of ways, but absolutely amazing in even more.

I’m heading back now (en route as we speak), speaking at a massive business conference. Can’t wait to see everyone again :-D


Oct 23 2006

Ensight Has Moved

Category: From My LifeJeremy Wright @ 12:37 pm

Just a note that Ensight has moved to b5’s servers. Only glitch seems to be that I forgot to move the .htaccess file, so things like post pages and such won’t work until tonight.

As a side note, we put in an offer (lease) on a house yesterday in Toronto. Fingers crossed it goes through :)


Oct 20 2006

On the Road Again

Category: Blogging, Business, From My Life, b5mediaJeremy Wright @ 10:53 am

It’s that time of the year again. Time for me to go from regular old guy to a road warrior. Here is my upcoming schedule, in case anyone wants to grab a beer or anything:

Today – Oct 23: Toronto, b5media Ops Meetup
Oct 24 – Oct 28: Romania, for the Biz Days conference
Nov 5-8: NYC, for ad:tech, myself Aaron Brazell and Mark Evans will be there
Nov 12-23: Toronto, b5media Management Strategy Meetup
Dec 1: Move to Toronto


Oct 19 2006

b5media Hiring Ad Sales Manager

Category: GeneralJeremy Wright @ 2:28 pm

Rick posted last week that b5 was looking for an ad sales person, and it’s time to officially confirm it.

Here’ s the official blurb:

b5media Inc., a Toronto-based new media content network, is seeking a qualified and experience online ad sales manager to add to our growing team. b5media is a venture-backed company (JL Albright and Brightspark Ventures) focused on creating valuable content, primarily using blogs. We are seeking an individual with solid experience in online ad sales and valuable industry contacts who is looking for a challenging opportunity with growth potential, a solid base and commission package as well as performance incentives. If you, or anyone you know, is looking for an exciting opportunity in a fast-growing startup, please email Jeremy Wright at Jeremy AT b5media.com.

Basically we are looking for someone with real experience, who enjoys a startup environment to join our international team. About 80% of our traffic is US, so significant US experience is a huge plus. We want someone who lives and breathes online ad sales, who is comfortable with strategy and who knows the systems that allow a successful team to thrive.

What’s not in the job posting? Toronto or New York are ideal. You’ll be building and creating a team so vision is essential. You need to be able to sell online ads as well as educate clients on the potential of blogs. You need to be flexible.

And, yes, you’ll be paid well. That should be a given. We’re looking for a game-changer, and we’re willing to pay for it.

If you or anyone you know is interested, let us know ASAP. We’ve already started interviewing and in an ideal world the start date would be Dec 1, give or take.


Oct 18 2006

My Funding Speech

Category: Blogging, Business, From My Life, Work, b5mediaJeremy Wright @ 1:28 pm

It’s not often I get to give speeches. So I was pretty saddened to find out that there weren’t like academy awards for raising funding or something. Not that b5 would necessarily deserve an award (ahem, yet), but I had one all ready and rarin’ to go.

So, lucky readers, you’ll have to hear it instead ;-)

First, I want to thank my mother and father, without whom this wouldn’t have been possible. When I was born at a young age they…

Okay, okay, I’ll stop. Seriously, though, I do have a bunch of folk I want to thank and recognize for their efforts raising funding. Raising funding is like getting married, writing a book and having a baby all at once. And all in 3-4 months. It takes a big team to do it, and a truly special team to get all the way through it. It’s totally worth it, but that doesn’t mean it’s easy!

First, my wife. Honestly. It’s been a long process and she’s been an absolute champion through all of it. Putting up with the ups and downs better than I did. Thanks babe :)

Next, to Rick Segal for putting me onto the idea of raising serious funding. I’m glad you stuck with us all the way Rick. It’s been a big learning experience, but I hope it’s been as worth it for you as it has for me.

Third, and in many ways most of all to Sean Wise. Bud, we wouldn’t have gotten into the Canadian Venture Forum without you, we wouldn’t have gotten “yes”s from the VC’s without you, and we wouldn’t have gotten through the process without you. I totally plan to write a great post on the main b5 blog later today or early tomorrow thanking you officially, but I wanted to personally tell you how much I appreciate your unique set of skills, contacts and patience with a young CEO like me.

I also want to thank the rest of the b5 founders. As I mentioned yesterday, it’s a real challenge going from a consensus-driven team to a slightly more structured one, but you guys were with me the whole way. I couldn’t have asked for a better team. It’s not always easy, but the mark of a great team isn’t that there aren’t bumps in the road, but in that we’ve gotten through them and that after each one we’ve gotten stronger. You guys rock.

Next, to all the folk who helped out practically during the funding. Some folk proofread docs, some dropped everything in the middle of the night to do research, others helped organize and some just listened while I bounced ideas around. It takes all sorts to get through a process like funding, and that we came out of it smiling is a testament to all those who contributed. I’m sure I’ll forget people, but in brief, thanks to Christina Jones, Aaron Brazell, Sean Walberg, Tris, Hsien, Rick Klau, Ingrid Diaz, Dave Ward, Marc Orchant, Mike Hillyer, Shel Israel, Stowe Boyd and many, many others.

Finally, thanks to our bloggers. It’s only been a year since b5 was founded, but we’ve accomplished so much in a year. I can’t wait to see what this next year holds as we stick together and see what we’re all made of (okay, that was cheesy, sorry).

I’ve been wanting to write this post for almost two weeks. So while I might be up on stage accepting this award, it’s thanks to all these people and all my fans that I’m up here at all…

;-)


Oct 17 2006

Becoming a CEO Blogger

Category: Business, From My Life, b5mediaJeremy Wright @ 10:41 am

It occurred to me yesterday that I’m now a CEO blogger. It was a funny realization. Pre-funding I’d only ever thought of myself as the President. Mainly because (to me) the CEO title seemed presumptuous. Not least of which is because I was part of a kind of communal team that made decisions together.

One of the major challenges for any team that operates that way is that post-funding it simply doesn’t scale to make quite a few of the decisions by consensus. So you end up operating in a much more “keep you in the loop” kind of mode. Once you’ve moved into that, it’s pretty critical that one person be responsible for certain things. And, really, it’s pretty critical that one person start to lead the company.

For b5, that person is me. And transitioning from “member of the team” to “leading the company” is difficult for anyone, especially when you *are* still a team. Just not a decide-by-consensus team.

So, over the last few weeks I’ve realized that I’m a CEO… I’m the CEO… I’m the CEO of b5media Inc.

Big realization. And, as part of that realization, a slight change will likely start happening on the blog, as I blog more and more as the CEO of b5media Inc. That doesn’t mean the blog’ll become all business. But it does mean that I’ll do my best to do what I’ve always done: share my thoughts and experiences as I go through life. It’s just that now “going through life” includes running a funded company.

I’m a CEO blogger. There aren’t that many out there. And there are even less “new media” or Web 2.0 CEO’s. And it’s pretty cool. It’s like moving into a new house. A brand new house. With no drywall, paint, stairs or roof. Kind of like those restaurants where you go in and cook your own meal. Only with a house.

And it’s pretty cool. Over the last year, b5’s built a great foundation and structure, and I’m really looking forward to the challenge of slapping some paint on, managing some new additions, doing the landscaping and putting a pool in.


Oct 16 2006

Shel Israel, King Among Men

Category: Blogging, b5mediaJeremy Wright @ 2:24 pm

Just wanted to note on this blog how tickled pink I am that Shel Israel’s doing some travelling for, among other things, b5media. Here’s a bit of info on his trip:

Shel recently set off on the first leg of his round-the-world journey (he’s doing it in 2-3 week stints, I believe), to Europe. Here’s his announcement post. So far, I believe he’s only been in the UK, but he’s going to Estonia, Germany (I think), Italy and a whole host of other countries.

It’s quite exciting.

While he’s travelling, Shel will be meeting local folk to talk about local content, something we are intensely passionate about at b5. So if you see Shel coming to your area, and you’re at all interested about b5, pop in and chat with him. Interesting people are interesting to us, so if you’ve got a story to tell, Shel’ll want to hear it.

We really are interested in local content, so if you’re around, ping Shel and let’s start building some fantastic European bridges to b5!


Next Page »