Problem connecting to Twitter. Please try again.
Problem connecting to Twitter. Please try again.
Problem connecting to Twitter. Please try again.
Problem connecting to Twitter. Please try again.
Problem connecting to Twitter. Please try again.

Return to Video

Guy Kawasaki: Tell a Story and Plant Many Seeds

  • 0:03 - 0:05
    You need to tell a story.
  • 0:06 - 0:09
    Most people particularly into technology
  • 0:09 - 0:11
    are horrible at telling stories
  • 0:11 - 0:13
    You need to tell a story.
  • 0:13 - 0:15
    Why did you start eBay?
  • 0:15 - 0:17
    Why did you start Google?
  • 0:17 - 0:18
    Why did you start Apple?
  • 0:18 - 0:21
    You can even make up the story, after the fact
  • 0:23 - 0:25
    One of the great legends of Silicon valley
  • 0:25 - 0:28
    is that eBay was because of
  • 0:28 - 0:30
    Pierre Omidyars' girlfriend wanted to sell
  • 0:30 - 0:31
    pez dispensers.
  • 0:32 - 0:35
    Okay. The truth is that he really wanted to
  • 0:35 - 0:38
    create a perfect market where demand and
  • 0:38 - 0:41
    supply cross each other. The perfect market
  • 0:41 - 0:43
    And to have a perfect market, you need to
  • 0:43 - 0:45
    eliminate geography.
  • 0:45 - 0:47
    The story of the pez dispenser
  • 0:47 - 0:48
    is after the fact.
  • 0:48 - 0:51
    Now, I'm not encouraging you to lie
  • 0:51 - 0:53
    but I am telling you a story is
  • 0:53 - 0:56
    -much more powerful when you launch.
  • 0:57 - 0:59
    Why you two in a garage knew there was a
  • 0:59 - 1:00
    -better way to search.
  • 1:01 - 1:03
    Or you wanted to bring personal computers
  • 1:03 - 1:04
    -to more people.
  • 1:04 - 1:07
    Or you wanted a place where people could
  • 1:07 - 1:09
    upload videos of people dropping menthos
  • 1:09 - 1:10
    into Diet Coke.
  • 1:10 - 1:11
    (laughter)
  • 1:11 - 1:14
    Whatever it is, tell a story
  • 1:15 - 1:16
    The next thing is
  • 1:16 - 1:18
    you need to plant many seeds
  • 1:19 - 1:20
    This is completely contrary
  • 1:20 - 1:21
    to classic marketing.
  • 1:21 - 1:24
    Classic marketing is you plant a few seeds,
  • 1:25 - 1:27
    because you know exactly who is going to
  • 1:27 - 1:28
    embrace your product
  • 1:28 - 1:31
    and you water and fertilize just those seeds.
  • 1:31 - 1:31
    You focus.
  • 1:32 - 1:35
    I think that's just completely wrong
  • 1:35 - 1:37
    In the old days, you would focus on
  • 1:38 - 1:40
    the A-Listers and the top tier journalists.
  • 1:40 - 1:42
    I.E, Wall Street Journal
  • 1:43 - 1:44
    New York Times
  • 1:44 - 1:44
    Business Week
  • 1:45 - 1:46
    Fortune and Forbes.
  • 1:46 - 1:48
    What you did is, you sucked up to them
  • 1:48 - 1:50
    because you hoped in these
  • 1:50 - 1:51
    great oracles of wisdom and knowledge
  • 1:51 - 1:53
    would embrace your product
  • 1:53 - 1:54
    and tell the hoi polloi
  • 1:54 - 1:57
    and the great unwashed masses to embrace
  • 1:57 - 1:58
    your product.
  • 1:58 - 1:59
    Okay, so you sucked up to them.
  • 1:59 - 2:01
    If you didn't have time to suck up to them,
  • 2:02 - 2:03
    you hired a PR firm and paid them
  • 2:03 - 2:05
    ten thousand bucks to suck up for you.
  • 2:05 - 2:08
    Then, the PR firm would hire an
  • 2:08 - 2:09
    oriental art history from Wellesley to do the
  • 2:09 - 2:11
    sucking up for you.
  • 2:12 - 2:14
    Okay, this doesn't work anymore
  • 2:14 - 2:16
    because the world has been inverted.
  • 2:16 - 2:17
    The world has been inverted.
  • 2:17 - 2:20
    And now, for you to reach critical mass
  • 2:20 - 2:22
    with a product, it's not because the
  • 2:22 - 2:24
    Wall Street Journal or the New York Times
  • 2:24 - 2:26
    blessed your product. It's because
  • 2:26 - 2:30
    lonelyboy15 embraced your product.
  • 2:31 - 2:34
    and lonelyboy15 told his twenty friends,
  • 2:34 - 2:36
    who told their twenty friends,
  • 2:36 - 2:39
    who eventually told Tiffany517
  • 2:40 - 2:43
    and lonelygirl to also embrace your product.
  • 2:43 - 2:46
    And what happens- this is how Twitter
  • 2:46 - 2:47
    and how Facebook happens.
  • 2:47 - 2:48
    It's not because the New York Times
  • 2:48 - 2:50
    saw Facebook, or Twitter
  • 2:50 - 2:52
    on the first day they launched and said
  • 2:52 - 2:53
    "Ha ha, we have seen the future
  • 2:54 - 2:55
    -we know with total certainty some day
  • 2:55 - 2:57
    Facebook will have more members
  • 2:58 - 3:00
    than every other country except
  • 3:00 - 3:01
    China and India.
  • 3:02 - 3:04
    Show me a New York Times, Business Week,
  • 3:04 - 3:05
    Fortune, or Forbes article that
  • 3:05 - 3:08
    predicted the success of Twitter or Facebook.
  • 3:09 - 3:11
    or Apple! or Yahoo!
  • 3:11 - 3:13
    Pick any of the success stories, none of them.
  • 3:14 - 3:15
    So what you need to do
  • 3:15 - 3:16
    is plant many seeds.
Title:
Guy Kawasaki: Tell a Story and Plant Many Seeds
Description:

more » « less
Video Language:
English
Team:
Stanford Entrepreneurship Corner
Duration:
03:22

English subtitles

Revisions