{"id":42920,"date":"2023-10-20T15:24:46","date_gmt":"2023-10-20T15:24:46","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/10-great-lessons-to-take-from-sxsw-2012-startupsmart\/"},"modified":"2023-10-20T15:24:46","modified_gmt":"2023-10-20T15:24:46","slug":"10-great-lessons-to-take-from-sxsw-2012-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/10-great-lessons-to-take-from-sxsw-2012-startupsmart\/","title":{"rendered":"10 great lessons to take from SXSW 2012 – StartupSmart"},"content":{"rendered":"
The South by Southwest festival in Austin, Texas, is an annual magnet for business innovators and start-ups hoping to strike it big.<\/p>\n
<\/span><\/p>\n <\/p>\n This year\u2019s event, which kicked off this week, may not have been dominated by an emerging powerhouse \u2013 as it did in 2007 with Twitter \u2013 but that doesn\u2019t mean that plenty of great ideas haven\u2019t been discussed among the 20,000 delegates.<\/p>\n <\/p>\n We\u2019ve picked out 10 of the best lessons to come out of SXSW 2012 that you can apply to your business.<\/p>\n <\/p>\n <\/p>\n <\/p>\n While no one single start-up has ignited SXSW this year, there has certainly been a lot of talk about Pinterest, the female-skewed social media site that has been enthusiastically taken up by small businesses looking to market themselves<\/a>.<\/p>\n <\/p>\n The business\u2019 co-founder and CEO Ben Silbermann held an interesting talk at SXSW on Tuesday, encouraging other entrepreneurs not to give up by pointing out the site had just 10,000 users nine months into its life.<\/p>\n <\/p>\n But it\u2019s the concept of the early adopter that really fired by Silbermann, who claimed that they don\u2019t really exist anymore, due to the ubiquity of technology and information. Pinterest slowly found its niche as female-focused, rather than being promoted by a few key advocates.<\/p>\n <\/p>\n “The concept of the early adopter has changed,” he said. \u201cWe were building [Pinterest] for ourselves. (The goal is to) help people discover things that they didn’t know they wanted.\u201d<\/p>\n <\/p>\n <\/p>\n <\/p>\n Silbermann also had some interesting thoughts on how businesses often rely heavily on the \u201csuperstar\u201d they believe will make or break them.<\/p>\n <\/p>\n Whether the skill you prize is sales, marketing or financial acumen, remember that other elements are needed to make a successful business. In Pinterest\u2019s case, technical wizards are merely part of the team, rather than the stars.<\/p>\n <\/p>\n \u201cI kind of think of engineering like the chefs at a restaurant,\u201d Silbermann said. \u201cNobody\u2019s going to deny chefs are integrally important, but there\u2019s also so many other people who contribute to a great meal.\u201d<\/p>\n <\/p>\n <\/p>\n <\/p>\n A key trend that emerged at SXSW is the number of businesses talking about location as a key factor to their success.<\/p>\n <\/p>\n1. Early adopters have changed<\/h2>\n
2. Rely on a superstar at your peril<\/h2>\n
3. Locations matter<\/h2>\n