Contagious Narrative
Mike Troiano
Marketing in the age of Web3 is all about creating community, and you can't do that without a good story. Join lifelong storyteller and lyrical gangsta Mike Troiano on a journey to explore the intersection of brand building and Web3, to help you grow your community faster through the marketing superpower of a contagious narrative. Sponsored by G20 Ventures, the capital partner that helps Web3 communities grow.
Thoughts from NFT_NYC Show: Competition, Community & Culture
Spent the week in NY at the big NFT show, here are my big takeaways.
What does it mean to "tell the story" of your Web3 project?
What does it really mean to put a story at the tip of the spear in creating a community around your Web3 project? How do you craft that story, in a way that will attract the right kinds of people, and get them to bring others like them on board? And what exactly, is the vessel for such a story, once you have it?
Apes are one thing... Should you launch a REAL crypto project with a "story?"
The power of stories to drive novelty crypto projects like Dogecoin and Bored Ape is pretty obvious. But how do you put that power to work for a more traditional commercial venture? What are the secrets to doing that in Web3, and what do they mean for building a brand? This episode compares two projects for the answer, Terra, and PolkaDot.
Terra Whitepaper
PolkaDot Litepaper
What’s different about building brands in Web3?
Brands have always lived in the space between a product and a customer. What’s really changed in Web3? Two things, actually. And if you’re trying to build the community necessary to support a successful Web3 project, you really need to understand them, and put them to work for you.
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START HERE: Why "Contagious Narrative?"
I've been thinking a lot about the intersection of brand building, storytelling, community, and Web3. It's a space I'd like to explore in more detail, and that's what I plan to do here.
For more on how I got here and where I plan to go, give this a listen.
Show Links:
Headless Brands, by Bryan Lehrer Toby Shorin, Sam Hart, Laura Lotti
How do I choose a positioning?
Jwan sells a high quality herbal tea, and is debating whether to position it as an afternoon pick-me-up, or a niche brand that identifies its consumers as discerning tea drinkers. So what’s the right answer?
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Is it better to fly or train from Boston to New York?
Omar asks, “You’re in New York a lot... is it better to fly, or take the train?” Easy one, Omar, on the math, and the art.
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What sets the pace of growth?
Tom Huntington (@thuntin) asks... "I heard a B2B SaaS CFO say that keeping pace with growth was the hardest thing. I asked who set the pace and CFO responded, “the market.” For non-web sales biz, I don’t really buy this. Someone internal is setting the pace, no? Can you unpack pace-setting?"
Sure. I'd start by making the important distinction between customer and capital markets...
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Should BDRs live in Sales, or Marketing?
Whether you call the them Business Development Reps, Sales Development Reps, Inside Sales Reps, etc... Should the team responsible for outbound demand gen live in the marketing or the sales organization?
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What's the best way to cold call an executive?
Jason from Boston asks, "How do corporate level execs prefer to be approached by young talent seeking opportunity? Are they flattered or annoyed? Do they prefer straight to the point requests, or being asked for advice?"
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What's the difference between a VP of Marketing and a CMO?
An anonymous listener asks, "What's the difference between a VP of Marketing and a CMO?" I get asked this a lot... the answer is important, and it's really one of orientation.
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Should VCs care about startup brand building from the start?
Giuseppe Marzio asks, "Should VCs care whether their portfolio companies work on building a strong brand from the start?" I think so, and this one certainly does.
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How do you measure the ROI of inbound leads?
Dave Melville of Bowdoin Group asks, "How do you measure marketing ROI outside of inbound leads?"
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What’s the buzziest buzzword in marketing these days?
Jon Gilman (@jongilman) asks: "What’s the buzziest buzzword tossed around the marketing world these days that you’d like to eradicate from the english language?"
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What are the best branding hacks in the DTC space?
Fellow VC Kirsten Barnett asks, “What are the most creative and effective branding hacks you’ve seen in the DTC product space?”
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When should startups invest in branding?
“How much time should people spend on branding in earliest stages of startups? Feel like a lot of people focus on locking down domains, handles, names, logos - before product is made or proven. I’ve made this mistake too. When do you invest that time/effort?” Well, that depends on what you mean by “branding...”
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What marketing tactic do startups waste money on?
Boston entrepreneur Dan Sullivan asks, "What's a generally good marketing tactic startups fail at when they do it too early? Conversely, what's a tactic that works early on, but doesn't as you start to scale?"
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What have you learned as a VC you wish you’d known as an operator?
Having spent most of my life as an ad guy or entrepreneur, I switched over to the dark side about 2 years ago to become a General Partner in G20 Ventures. Fellow recovering operator and VC Gayatri Sarkar asked what I've learned that I wish I knew then, and the answer may surprise you.
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Is it worth fighting a trademark dispute with a giant?
Alex Cook (@aacook) asks: "I'm working on a bootstrapped startup https://nanagram.co . We help people send printed photos in the mail by text message or email, mostly to grandparents. I'm being pursued by one of the social media giants, claiming they own the word "gram." I'm at a crossroads. On one hand, I like the name as it pays homage to "telegrams" which were also sent in the mail like our photos and "gram" is a nickname for grandmother. On the other, I don't have resources to fight a long l
What has cooking taught you about business?
Today's question comes from Jon Gilman (@jongilman) "I’ve noticed your love of cooking. What is it that you love about cooking and what, if anything, has cooking taught you about business?"
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How do I build brand awareness?
Colin Greenhalgh (@3Greensie3) asks, "I’m trying to create brand awareness for a new business in Boston. Do you have a rule of thumb for # of tweets, posts, content creation, etc over the course of a week, month & year when marketing out of the gate? #ineedhelp #AskTrap"
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COMING SOON: Startup question? #AskTrap.
I'm starting a new pod, just a simple, 5-10 minute snack each week, answering a question about brands, marketing, entrepreneurship, startup management or Venture Capital. Record your question on Anchor xx it just use the hashtag #AskTrap on Twitter.
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