We interrupt this book for a quick update on what’s happening in my so-called career. Shortly before beginning this serialization of Accidental Empires I explained that I would be doing some new projects including a book and a startup about startups — The Startup Channel (thestartupchannel.net). The latter project will now launch in April so it’s time to explain.
The Startup Channel will be an online video channel about startups and startup people. You’ll find it probably on YouTube unless some other Internet video outfit makes me a better offer (hint, hint). We’ll be launching with 40 hours of pre-produced content, which is a lot for online video where the typical segments are 3-6 minutes long. We’ll launch with approximately 600 segments. And over the course of a year we’ll produce 250 hours of original content or around 3,750 segments. This is a huge amount of video but there’s a lot to cover in the vibrant startup space.
Eighty percent of our content will be three-minute elevator pitches for new companies. We have a database of more than 6,000 current business plans (the largest such database in existence) with full financials to draw from and hope to produce at least 2,000 pitches per year. The rest of the content will be contextual: it will inform, explain, educate, and entertain an audience eager to know more about startups and startup culture. In that 20 percent you’ll see some familiar footage like all my old NeRDTV episodes including the 13 never before shown. We’ll also have Startup America, a magazine series about startups outside Silicon Valley, and Startup Silicon Valley, a similar series about, well, you can guess, though with more of a company town (insider) slant. These won’t be the only shows, though — there will be many and we’ll continue those that are popular.
I’m not the only person making these shows. We have actual people, real professionals, making this new fangled TV.
At the heart of The Startup Channel, however, are the pitches, because in addition to being an ad-supported media enterprise, the channel will be what’s essentially the Multiple Listing Service (MLS) for potential startup investments. The JOBS Act, passed last year, allows advertising and solicitation of crowd funding and private placements and someone has to provide a forum for that advertising, which is what we will do. So you can watch the pitch, drill down to the business plan, analyze the financials (we have tools), look for comps, then make your decision. What we don’t do is actually participate in the deal, which would put us under the thumbs of the SEC and FINRA.
But wait, there’s more! Not being under the thumb of the SEC or FINRA or anyone for that matters also allows The Startup Channel to provide a community for startups, which doesn’t work if you are also trying to put your hand in their pocket. Every startup needs external support and unless you live in Silicon Valley or a few other cities you are out of luck… until now.
The Startup Channel is uniquely positioned as a neutral third party to help every startup — whether they are in St. Paul or Peoria — get the tools and build the team they need to succeed.
Think of this aspect of The Startup Channel as a cross between Bloomberg and Morningstar with some MLS thrown-in.
This positioning is not by accident. We’ve been working on this for more than a year, building a Salesforce-based back end to support data demands that go significantly beyond those of the typical video streamer. The JOBS Act is very exciting, but most of the startups that rise to support that new ecosystem will fail. By being advertising-supported and not part of the deal we feel The Startup Channel has a greater chance of success. After all, we help enable the success of all those other companies!
We are just before the dawn of not only a whole new way to capitalize small companies (crowd funding) but a whole new use for TV and video. The Startup Channel couldn’t make it on linear TV. But on a random access network like the Internet it presents a whole new way of making money and fomenting change that may be broadly applicable to video media as the traditional broadcast networks eventually fade and die.
At least that’s the plan.
I’m not without support on this project. In addition to my partner Ralph Infanti I have a remarkable support system:
June Dilevsky – Israel-based startup veteran with extensive experience in regulatory compliance
Karen Edwards – Retired SVP for Global Branding at Yahoo
Keith Fox — Former head of global marketing for Apple and Cisco Systems
Jeff Jacobs — Founding president of Harpo Productions
Tod Mesirow — Executive Producer Monster Garage, Mythbusters, and Top Gear USA
Avram Miller — Co-founder, Intel Capital
Robert Peck — President & Partner at CoRise Co., LLC, formerly Managing Partner at Bear Stearns
John Ruane — Winner of 12 Emmys as producer of the Olympic Games for NBC Sports
Jong Lee — Hong Kong-based VC with portfolio investments including Starbucks (North China) and MTV (Japan)
Robert E. Litan – Director of Research for Bloomberg Government
We’re hiring! If The Startup Channel sounds exciting to you, please get in touch (bob@cringely.com). We’re also looking for strategic alliances, And as a startup ourselves we may at some point choose to raise more money. My kids like to eat. Finally, for the SEC and FINRA, this does not constitute an offer or solicitation for the sale of securities. Seriously though, my kids — and Ralph’s — do like to eat.
We now return you to your previously scheduled book.
Bob,
What a fantastic concept! Wish you every success!
I sure wish we could go back to where we were. We need a retro-active retention clause concerning any retirement from this blog.
This is super exciting! Any word deeper relevance for non-USA companies? I’ve already forwarded this to three of my start-up-interested reality-tv-faceplant-analyzing friends 🙂
Just as an aside, the page which pops up when confirming the email subscription has an incomplete address, which looks a little unfinished.
That is an amazing idea, and I hope it will work.
Not sure the inclusion of Robert Peck is the right choice. I don’t really know anything about him personally, but I do know some things about Bear Stearns…
I think people are missing the change in Youtube content.
There is no need to limit video to 3 to 6 minutes. Thats what you want for someone watching on their phone while waiting in line somewhere. With an AppleTV (or a Roku, Boxee, etc. etc.) you can watch YouTube on your HDTV (some HDTV’s have it built in). I routinely watch 25, 45, 55, 90, and 120 minute video’s off of Youtube.
This sounds awesome. I can see participating on so many levels from funding to presenting to shooting video.
Nice plan Bob!
Somebody wins Emmys for being involved with NBC’s Olympics? How?
I specifically avoid watching the Olympics because I hate NBC’s treatment of them.
So, I see this article in my RSS list, but I don’t see the article. URL anyone?
… and today it shows up. 😕
I’m not sure why, but I was having the same problem (in both Chrome and Firefox). I cleared out all my cringely.com cookies, and this fixed the problem.
Best of luck, Bob!
Just signed up to get info on the new webchannel.. can’t wait. I’ll add it to Shartank/Dragon’sDen as motivating material to get my own project out the door. Need all I can get!
We would like to develop a collaboration with you.