- By tom
- In CEO, Social Media, conferences, marketing
- Comments Comments
I had a great time today down in Austin, Texas. My panel on Digital Distruption, the first one of the day, included executives from Disney, Sports Illustrated, Electronic Arts and the Houston Rockets. The other three panels focused on ticketing, entrepreneurship and social media.
Red McCombs (a remarkable entrepreneur after whom the business school is named) shared a bunch of colorful stories culled from his long and successful experience as an entrepreneur. Larry Martin of the MBA talked about a couple of particularly interesting startups, including Groupon. Derek Palmer of Tickets.com, spoke about being agnostic about who sells the tickets.
Barry Khan of Qcue, a pioneer in dynamic pricing and Russ Stanley of the San Francisco Giants discussed their test of dynamic pricing with just 2,000 of the SF Giants’ seats. The test was so successful that the project will be expanded next year to include all 40,000 of the available seats.
On the entrepreneur panel, Randy Cohen of Ticket City; Bart Knaggs of Capital Sports & Entertainment; Greg Morrow of SportNet and Gary Hoover (Entrepreneur-in-Residence) shared stories and perspectives about what it takes to be an entrepreneur. Passion, passion and more passion. A tolerance for risk. A willingness to sell, sell, sell.
Throughout the conference, the impact of technology and social media was beginning to be apparent. Michael Feferman, from C3 Presents, led the social media panel, which included Jim Lutz of Pro Player Connect (in Nashville) who talked about Pro Player and also about Nimbit – direct artist-to-fan sales; Adam Miner of SportNet; Tommy Landry of RotoExperts; and Nicole Blum of Hashi Productions.
I heard a lot about the need for a deep understanding of analytics. It’s great that we’re able to collect the data, but if we don’t understand what that data means, it isn’t really very helpful. And even if we have the data and know what it means, if we don’t have a plan to execute – the desire and the capacity to take the appropriate actions based on what we have gleaned from the data – that really doesn’t help us much either.