Latest / Genuin Connections / Genuin Connections: Episode 1 -- Marc Scarpa, DeFiance Media
Transcript
- 0:05this is genuine connections featuring
- 0:07collaborative conversations about
- 0:09Community content creativity Commerce
- 0:12and the convergence of media and
- 0:20marketing welcome to the inaugural
- 0:23episode of genuine connections and to
- 0:26kick things off we couldn't have asked
- 0:28for a better first guest we're joined by
- 0:30none other than Mark Scarpa who is a
- 0:34trailblazing legend to the intersection
- 0:36of creativity Community Technology media
- 0:39and marketing allinone Mark's the
- 0:42founder and CEO of defiance media which
- 0:45is the Premier TV and digital Network
- 0:47for news and entertainment in this new
- 0:49economy reaching over 150 million
- 0:52households
- 0:53worldwide but his career goes back even
- 0:56further spanning over a thousand
- 0:59original TV and digital programs
- 1:01billions of views and just a resume of
- 1:04collaborations that includes
- 1:06grammy-winning artists Oscar winning
- 1:08directors Fortune 50 Brands even the
- 1:11White House doing President Bill
- 1:13Clinton's live Town Hall Mark's impact
- 1:16in this space is just unparalleled from
- 1:18pioneering now Aid driven content like
- 1:22Roxanna the world's first AI power
- 1:24digital twin news anchor to
- 1:27groundbreaking projects like that town
- 1:29hall with president President Clinton uh
- 1:31and even the League of Legends World
- 1:32Championships Mark has consistently
- 1:35redefined what's possible in the media
- 1:37and Technology spaces so in this
- 1:40conversation I'm excited to bring Mark
- 1:42in we're going to dive into his journey
- 1:44uh his vision for the future of content
- 1:47and community and Innovation and how all
- 1:49that continues to shape the way we
- 1:51create and connect and engage so let's
- 1:54get started by welcoming
- 1:56Mark good to be here I wanted to kick
- 1:59off with you because you've got a really
- 2:01fascinating background your career spans
- 2:04these transformative moments in media I
- 2:08would love to hear from you how
- 2:11storytelling and audience engagement
- 2:14have evolved over your career because
- 2:16we've seen different platforms different
- 2:18Technologies consumer and fan Behavior
- 2:21have changed uh well thanks Matt and
- 2:23it's great to uh be here I appreciate
- 2:26your time and uh grateful to include me
- 2:28in your in your video series series um
- 2:31you know I think that uh the sort of the
- 2:36core tenant of what I've always stried
- 2:39for as an executive producer director
- 2:42has uh been about story and live
- 2:44participatory media um and that was a
- 2:49foundational uh format that I discovered
- 2:54if you will back in art school in the
- 2:56early um you know 80s and 90s ' 88
- 2:59through '92 when I was at School of
- 3:00Visual Arts and at the time uh it wasn't
- 3:04really something that had caught on
- 3:06participatory media was really academic
- 3:10there's been some documentaries where
- 3:12they would use
- 3:14participatory uh storytelling uh formats
- 3:18and uh they were done in documentaries
- 3:20that were really about tribes and
- 3:23individuals and groups and so on and I
- 3:26could get into a lot of you know
- 3:28references there but anyone can look it
- 3:30up online and and sort of see where the
- 3:34Cornerstone of my foundation in terms of
- 3:38uh storytelling formats comes from uh
- 3:40the other I think the twist that we put
- 3:43in was or that I put in in the team that
- 3:46I have been very fortunate to work with
- 3:48for the last 20 some odd years is the
- 3:50element of live uh so you have
- 3:53participatory uh media as a format now
- 3:56you're adding the live element to it and
- 3:59I think that
- 4:00you know and we've been credited as much
- 4:02as being really at the Forefront of
- 4:05creating that genre and defining it uh
- 4:08early on when you look at live
- 4:10participatory media uh you think of it
- 4:13in terms of webcasting and live
- 4:15streaming and we were always uh or I was
- 4:18always had the position well that's this
- 4:20is going back to even 1996 anyone can
- 4:23take uh a piece of media and stream it
- 4:26live on the internet and you know back
- 4:28in 1996 not anyone could do that but we
- 4:31had the foresight to know that that's
- 4:34going to be ubiquitous at some point
- 4:36that you'll be able to do it with your
- 4:37mobile phone um it'll be much easier to
- 4:41do it on a consumer basis and so on and
- 4:43again this is all pre YouTube pre you
- 4:46know Instagram and Facebook live and so
- 4:49on and so forth this is 96 so we looked
- 4:52at how can we make this uh an experience
- 4:56for not only the physical people that
- 4:59and those days were attending the event
- 5:01The Rock concert the festival the
- 5:04political event the um the nonprofit
- 5:07fundraiser or whatever it might be or
- 5:09some other NGO experience uh the
- 5:12physical people attending that how can
- 5:14we Bridge them with the folks that were
- 5:16online and we did that very simply with
- 5:19just putting a live stream up with the
- 5:21chat room and back then it was uh IRC
- 5:25chat or other chat programs with a real
- 5:29video player or Windows Media Player
- 5:31next to it within a browser frame and
- 5:33you know these were very basic things
- 5:36and we would take questions from the
- 5:39audience uh and incorporate them into
- 5:42the broadcast in some way shape or form
- 5:44whether it be a musician on stage uh
- 5:47answering a question during a concert
- 5:49and giving a shout out to a virtual
- 5:51guest or or so on so well as I said it
- 5:54also you're finding commonality right
- 5:56like that's one of the core themes
- 5:58around
- 5:59Community right a genuine we focus on
- 6:02creating these authentic connections
- 6:04around these topics or passion
- 6:07points H how is the concept of community
- 6:11influenced the way you approach content
- 6:14creation um well it's it's like I'm
- 6:17saying all the things that you see now
- 6:20that are much more that have a much
- 6:24better ux UI and are seamlessly
- 6:27integrated on all of your devices uh we
- 6:29did in
- 6:311996 um in a one three-day weekend and
- 6:35then from that used all of those formats
- 6:38and tool sets uh to continue that sense
- 6:42of community and participation like I
- 6:44was saying when you have a real-time
- 6:47audience that's physically there that's
- 6:49telling the online audience what's going
- 6:51on and then on top of it it's also
- 6:52moderated by you know storytellers in
- 6:56the background who are real journalists
- 6:58that's creating a sense of community
- 6:59through this chat but I can only imagine
- 7:02what it is but if I'm actually seeing it
- 7:06on top of it now I've got what we now
- 7:09call Facebook live right what we did
- 7:12then really defined the next 25 or 30
- 7:15years of what live participatory media
- 7:20is and um you know it sounds like you're
- 7:25a Pioneer in
- 7:27integrating Innovative technology ology
- 7:30have you found a way in with artificial
- 7:34intelligence bringing that into content
- 7:36and Community um and if so how do
- 7:40you how do you ensure that these
- 7:43Innovations enhance storytelling rather
- 7:45than diminish like the the idea of
- 7:47humanity and the human
- 7:49connection um we've been uh working with
- 7:53AI generative Ai and a variety of AI
- 7:56tools with Defiance media for the last
- 7:58four years we've been certainly at the
- 8:00Forefront of uh using these tools for
- 8:04news and entertainment uh we uh employ
- 8:08the first um digital twin news anchor in
- 8:12history her name is Roxanna we have a
- 8:14digital news anchor correspondent is the
- 8:17famous venture capitalist Tim Draper he
- 8:19has a show called Draper um you know
- 8:22Draper decentralized and that airs not
- 8:25only on defiance but on Draper TV and is
- 8:28syndicated out to variety of other
- 8:30platforms uh worldwide and you know what
- 8:35we have there is we're using
- 8:37AI um not only in our scripting uh not
- 8:41only the digital twin who's you know
- 8:44delivering it from a news anchor
- 8:47perspective we're using AI to fact check
- 8:50we're using generative AI to create um
- 8:53you know images and b-roll that that
- 8:55don't exist in a lot of cases it doesn't
- 8:57exist because some of the the subject
- 9:00matters are very complex especially when
- 9:03you're talking about blockchain and
- 9:04technology that to find existing um
- 9:07stock footage for that or licensable
- 9:10b-roll is impossible so you can you have
- 9:13to make graphics for it or use
- 9:14generative AI just a faster tool set and
- 9:17then we're also using Ai and blockchain
- 9:20to uh put our content on chain using
- 9:24ipfs decentralized streaming to ensure
- 9:28that the uh content is available uh
- 9:31forever if you will and that we're
- 9:34providing Providence as well with the
- 9:37assets that go into the actual uh video
- 9:40story so yeah we are I think you know
- 9:44we've we're four years ahead of most and
- 9:47probably two years ahead of the other
- 9:49most Progressive company out there uh
- 9:52the bigger media companies
- 9:54today are just starting to understand
- 9:57and Implement AI for factchecking which
- 10:00I think is a critical um use case we
- 10:04definitely do ethical storytelling and
- 10:07editorial uh we still have an editorial
- 10:09director who checks everything who
- 10:12decides what Stories We
- 10:14Run we are using AI in news and
- 10:17journalism specifically in Broadcast
- 10:20News in a way that is is that makes
- 10:24sense uh we're using it for video
- 10:26packages and stories uh that are not
- 10:30investigative journalism pieces these
- 10:32are more or less letting people know
- 10:35editorial that this is happening this is
- 10:37happening or this is about to happen we
- 10:40are not a proponent of using Ai and any
- 10:43kind of Technology tool sets to diminish
- 10:47the value set of journalists smart
- 10:49Publishers will allocate they'll they'll
- 10:52use these tool sets to not you know get
- 10:56rid of budget but to re allocate budget
- 11:00efficiently where it should be going
- 11:03part and parcel with AI and The
- 11:05Innovation that comes with it and the
- 11:08opportunities that this unlocks so
- 11:10alluding to maybe more coste efficient
- 11:14or faster production or whatever it may
- 11:16be or opening up opportunities to fund
- 11:18other things one of the big trends over
- 11:21the last 10 to 15 years in creative and
- 11:23content and storytelling has been the
- 11:26role of data in this right and as
- 11:28someone who's content has
- 11:30generated probably billions of views
- 11:33just based on even my own research how
- 11:35do you use audience data to craft these
- 11:39stories that connect on a deeper level
- 11:42and if you're putting on your either
- 11:44like Big Brand hat or your small brand
- 11:46hat how do they leverage these insights
- 11:49without the resources that giant media
- 11:52conglomerates might have access to data
- 11:56analytics is essential and
- 11:59um any type of programming that you're
- 12:01creating where a brand is involved um
- 12:05you know we we do not do payto playay
- 12:08media at Defiance so our editorial is
- 12:11clean uh we're an independent media
- 12:14organization now that said we still are
- 12:18looking at our data analytics and going
- 12:20okay what kind of stories are getting
- 12:24the most attention and what we find is
- 12:28that
- 12:29um when we do broadcast editorial
- 12:32stories on subjects that
- 12:35are timely uh that are in the Zid of the
- 12:39General Social
- 12:40conversation that those stories get uh
- 12:44more response than others especially if
- 12:47it's being put out by a major brand um
- 12:52for example you know if Nvidia is
- 12:54launching a new product they're
- 12:57spending m millions of dollars
- 13:00internally on only labor marketing
- 13:04dollars pardon me and so on and getting
- 13:07that story out through their publicists
- 13:09internally and externally so all the you
- 13:13know Publishers and broadcasters will
- 13:16have a different spin on that story more
- 13:18or less just like we do we have a an
- 13:21editorial directive but at the end of
- 13:23the day those are are getting picked up
- 13:25um and viewed more because it's already
- 13:27in the Zeitgeist of commer ation now we
- 13:31don't
- 13:33um necessarily For Better or Worse only
- 13:37do those type of stories we're not a
- 13:39clickbait organization what we're trying
- 13:42to do and what we are doing successfully
- 13:45is shedding a spotlight on the new
- 13:47economy um and really focusing our
- 13:51programming strategy on sort of 10
- 13:54specific areas of coverage and if a
- 13:57company um is ticking say two or three
- 14:00of those boxes in terms of the coverage
- 14:02that we're providing uh our 10 tenants
- 14:05if you will then that's the story that
- 14:08we want to run that could be a small
- 14:09company it could be an influencer it
- 14:12could be uh a company that's just
- 14:14launching because we're interested in in
- 14:18uh breaking those those uh those news
- 14:20stories so we're using the AI in terms
- 14:22of stored research and data research so
- 14:25that our editorial director can craft
- 14:28that story in a way that's going to
- 14:29serve the community and our uh and our
- 14:32viewers it's it's fascinating and really
- 14:35smart with with platforms like genuine
- 14:38we aim to help and facilitate and turn
- 14:42creators into Community Builders if I
- 14:44was going to put one line of our of our
- 14:47broader opportunity into one into one
- 14:50output into your into your Peg and your
- 14:53press release to me so we can do it's my
- 14:55boiler play right U right but but
- 14:57creators are increasingly right we
- 14:59citizen journalists or you know even
- 15:01brand
- 15:02Representatives I would love to hear how
- 15:06you think media networks and Brands can
- 15:09better support creators in this evolving
- 15:12ecosystem to Foster long-term loyalty
- 15:15and create I mean I think they create
- 15:17authentic engagement but now it's about
- 15:20validation and amplification right yeah
- 15:23I think there's a dangerous line there
- 15:25um you know there's it's a two it's a
- 15:28two part answer one is you look at a
- 15:31platform like yours and what it is a
- 15:35from an
- 15:36Enterprise you know Viewpoint it allows
- 15:39a big Creator or a big brand name Like a
- 15:43Lady Gaga or a Taylor Swift to create
- 15:46their own ecosystem through their fan
- 15:48club where they don't need to have uh
- 15:52Tik Tock for example being their
- 15:55gatekeeper and taking all their money
- 15:57and you know giving them 10% of the
- 16:00profits in the revenues uh but now they
- 16:02can keep 100% still and have ultimately
- 16:06a better Fan Experience right like if I
- 16:08can download the Taylor Swift app and be
- 16:12in touch with every single Taylor Swift
- 16:13fan and be able to uh have community
- 16:17based upon a common subject and an
- 16:19artist that I really love um and then
- 16:22maybe have a Taylor Swift phone and you
- 16:24know she's got a token and you know all
- 16:27these other things and merch and so on
- 16:30I'm going to do that uh I don't need to
- 16:32go to Tik Tok to to get my Taylor Swift
- 16:35fixed right I can just go to the app and
- 16:37be in her World um now that doesn't mean
- 16:41that these social media platforms will
- 16:43cease to have a use case their marketing
- 16:46platforms but you know to to to to put
- 16:50it bluntly there's there swamps um any
- 16:54influencer that is um talking it about a
- 16:58brand ultimately if they're ethical is
- 17:02disclosing that and is being paid to do
- 17:04so so it's it's a disservice to the
- 17:10community uh when they think that that
- 17:13information is actually news uh because
- 17:16it's not it is it's opinion news it's um
- 17:20it's influencer marketing and that's
- 17:23great but so many people get their news
- 17:25from say Twitter or or uh from an influ
- 17:28uer on Twitter as opposed to say the
- 17:30Wall Street Journal on Twitter which is
- 17:32a you know an organization that's got a
- 17:35high standard of Ethics um whereas if it
- 17:38was just an influencer um the the the
- 17:41coverage would be very different it
- 17:42wouldn't be coverage at all it would
- 17:43just be hey isn't this great buy this
- 17:46product and or this person is innocent
- 17:48so I think what is happening is that the
- 17:50lines are blurred and people are taking
- 17:54take uh taking in influencer marketing
- 17:57from these platforms thinking that it is
- 18:00uh credible
- 18:02information um that has gone through at
- 18:05least the process of ethics and it's not
- 18:07and that's very dangerous whereas if I'm
- 18:09using your platform and I'm on the
- 18:12Taylor Swift app you know I know
- 18:14everything there is just about a subject
- 18:16that I love and so to me that's a safer
- 18:18environment than getting information
- 18:20about her say through tiktock or or
- 18:24Twitter or Instagram because it's made
- 18:26up by somebody else and it could be
- 18:28completely false I think what we need to
- 18:30see is more recognition of
- 18:36ethical uh Blue Chip news organizations
- 18:40getting their Fair Shake in terms of
- 18:43being sources for youth culture well
- 18:46this is even where formats matter right
- 18:48because a company like the Wall Street
- 18:50Journal or any news Outlet which is used
- 18:54to creating content in print now has to
- 18:59adapt to the ways in which consumers
- 19:02engage and consume content right so
- 19:05maybe creating video-based content that
- 19:09still communicates what is news and what
- 19:12is happening in the world but in a
- 19:15format that's much more uh contextually
- 19:18relevant is the way that those types of
- 19:21companies adapt 100% yeah I mean I
- 19:25wonder if it's if it's format versus
- 19:28context or or both but it it's both so I
- 19:32I've been saying since the 90s you have
- 19:34to respect the platform that you're on
- 19:37and yeah you're right Wall Street
- 19:38Journal is a publisher they're not a
- 19:40they're not a broadcast Media Company
- 19:42the traditional TV folks really look at
- 19:46digital or have been for many years as
- 19:48sort of a bastard stepchild and Smart
- 19:51Ones like Bloomberg don't do that then
- 19:53you have the new breed ones like cheddar
- 19:56who just went really Allin on being CNN
- 19:59for Millennials and it worked for a
- 20:02while so you would have to take that
- 20:05same news story and the way it goes out
- 20:08on TV is different than it's going to go
- 20:09out on YouTube is different than it's
- 20:11going to go out on um on say you know
- 20:14Twitter or twitch or or X and so on you
- 20:17have to respect the platform absolutely
- 20:19but that doesn't mean that you can't
- 20:21take the same Library a video content
- 20:24around that story and delivered it in a
- 20:27way that will communicate with that
- 20:30particular platform's audience and still
- 20:33have your brand on it so that people
- 20:35know that the information I'm seeing is
- 20:39uh factually correct as best it can be
- 20:42and
- 20:43relevant from a creative perspective and
- 20:47you can interpret the word creative how
- 20:49you want which is part of the definition
- 20:52of creativity but how do
- 20:55you think about how do you cultivate a
- 20:58culture of creativity and Innovation
- 21:01Beyond just you like with your team with
- 21:03your with your colleagues with your
- 21:06partners you know culture is very
- 21:08important it's sort of um you know
- 21:11content drives
- 21:13culture uh drives Commerce at the end of
- 21:17the day and you know there's there's
- 21:19really a couple of more C's in there
- 21:21like Community for example too so but it
- 21:25starts with it starts with the content
- 21:28and many ways and the
- 21:30content should be reflective of what's
- 21:33going on in culture anyway so something
- 21:37becomes bigger because a bunch of people
- 21:40uh get behind it right let's look at I
- 21:43don't know Grunge music right so Grunge
- 21:47music at the time was the furthest thing
- 21:49from anybody's
- 21:50mind it was not what was popular boy
- 21:54bands were popular all this music was
- 21:56popular 80s and then out of nowhere a
- 21:59record label uh and some smart
- 22:01Independent Record label people found a
- 22:04whole Treasure Trove of music and music
- 22:08culture that was coming out of Pacific
- 22:09Northwest it wasn't just Nirvana it was
- 22:11like about you know two dozen bands and
- 22:13they said well there's a catalog here
- 22:16and a subculture that's happening how do
- 22:18we take the subculture and turn it into
- 22:21popular culture a you have to have great
- 22:23musicians great artists and they have to
- 22:25represent the voice of that subculture
- 22:28and at some point through media whether
- 22:31it's news media um music videos
- 22:35documentaries movies getting it out on
- 22:38every radio station it becomes quite
- 22:42commercial at some point and that's uh
- 22:45the definition of you of content right
- 22:49you you you identify something that's a
- 22:51growing Trend and you maximize it and
- 22:55then something that's a subculture you
- 22:57can make content then it becomes part of
- 23:00the cultural Zeitgeist and then you have
- 23:03the ability to have Community around it
- 23:06which then drives Commerce so it's it's
- 23:10critical to constantly always be looking
- 23:12at the next big thing social media with
- 23:15a platform called uh six degrees and
- 23:18then it became frer and then Myspace and
- 23:20Facebook so
- 23:23now it's 25 years plus later and what we
- 23:28have is um so many subcultures that can
- 23:32exist in their own world uh with a
- 23:35limited amount of people without it
- 23:38turning into pop culture and still be
- 23:41profitable uh doing it and that's across
- 23:44the board so it's all really
- 23:46decentralized the information is so
- 23:49decentralized and so Maxi distributed
- 23:52it's almost kind of hard to find what
- 23:55you
- 23:57want
- 23:59science is really focused on the new
- 24:02economy uh which is something I've been
- 24:04excited about and a part of um as long
- 24:07as it's been new over these last few
- 24:08years but what does that mean for
- 24:11storytelling right getting back to this
- 24:13idea of how
- 24:17platforms can contribute to shaping a
- 24:20more connected Community Driven media
- 24:24Centric
- 24:26future yeah I think you know there's a
- 24:29lot of different ways to approach that I
- 24:31can only speak to our philosophies and
- 24:34and how we're approaching it we see the
- 24:36new
- 24:37economy uh as a term and a philosophy uh
- 24:42that was actually created on Wall Street
- 24:44in the early 80s um coming to fruition
- 24:48today and we're very focused on our 10
- 24:52tenants if you will the the topics that
- 24:55we cover were you know blockchain
- 24:56digital currencies digital assets
- 24:59AI um cyber security and you know Green
- 25:03Tech and so on we
- 25:05also philosophically see that there's a
- 25:08cultural phenomenon here so social
- 25:10impact companies and regenerative
- 25:12culture are all a part of this so we've
- 25:15taken a very narrow lens in terms of
- 25:17what we're focused on we're not doing
- 25:20stories on geopolitics we're not
- 25:23covering you know um stories on drug
- 25:27lords and uh and religion there's plenty
- 25:29of mass media that's doing that if we do
- 25:33a story on um that that is about say
- 25:38something tied to politics it's
- 25:40typically with regards to policy around
- 25:43the 10 topics that we cover Andor it
- 25:46might be something like okay um you know
- 25:49for example When The War bro broke out
- 25:50in Ukraine a few years ago uh there was
- 25:54a uh a movement of a lot of folks
- 25:56creating nfts and donating the proceeds
- 26:00to uh humanitarian efforts I think I
- 26:02think I contributed to that I still own
- 26:04those
- 26:04nfts right so but that was a good use of
- 26:08time right you had artists creating
- 26:10digital content digital art and then
- 26:12taking uh all if not most of the
- 26:15proceeds and digitally transferring
- 26:18those assets to people who didn't have
- 26:20money in their bank accounts anymore but
- 26:22they were able to get that money on
- 26:24their uh on their mobile phone and it
- 26:27went towards things that they needed
- 26:29right uh basic things like you know the
- 26:32ability to buy a train ticket or gas to
- 26:35get out of the country and food and
- 26:37shelter and so on we uh we again are a
- 26:40media company we focus on video and
- 26:43broadcast but I think it's you got to
- 26:45know where you're getting your news and
- 26:46information from and you have to do your
- 26:48own due diligence before you buy any
- 26:50kind of financial
- 26:52instrument uh but on top of that you
- 26:54should also be clear on where you're
- 26:57getting your your news and information
- 26:59from and knowing that that source is
- 27:02actually one that is
- 27:04credible s we we call it Dy R for a
- 27:08reason um
- 27:10so last question and it's probably is
- 27:14more of a
- 27:15marketing angle than than pure like
- 27:18media but I guess if I was going to ask
- 27:23like what's the one piece of advice
- 27:25you'd give to a brand or a marketer as
- 27:29they're thinking about platforms and and
- 27:31just starting to explore the power of
- 27:34Community
- 27:35Driven video powered
- 27:39storytelling I I think that's a very
- 27:41simple answer is uh don't drive your
- 27:44brand strategy 100% based upon data uh
- 27:48it's like making a movie only because
- 27:51the data says that if you make this
- 27:54movie you'll make lots of money that is
- 27:56the worst thing that a brand can do it
- 27:59stifles Innovation it stifles uh them
- 28:03being a market maker as opposed to a
- 28:05market follower um you know Apple
- 28:09Computers is a perfect example shy day
- 28:12was their agency of record for years Jas
- 28:14shyatt who's now passed was one of the
- 28:16great advertising Geniuses along with
- 28:19David go olvy and Donnie Deutsch of all
- 28:22time Richard kersin bound and you know
- 28:25you look at those ads and they still
- 28:27hold up today and it was all about
- 28:30provoking thought and it was provoking
- 28:33this idea of
- 28:36individualism and and Community but
- 28:38through our product which was you know
- 28:41whatever Apple computer was uh I I
- 28:44really really think that is important
- 28:46especially for uh these these new
- 28:49companies that are out there now that
- 28:50maybe don't even hire an agency they
- 28:52just do everything in house and they
- 28:55have you know a um a uh a person that is
- 28:59a growth marketer which is great and I'm
- 29:02not saying that that's a that's that's a
- 29:04completely madeup role they they're just
- 29:06looking at well what are your data
- 29:09analytics and will buy media because you
- 29:12have these amount of eyeballs and uh
- 29:15that's going to help us sell why amount
- 29:16of product that's great but it's not
- 29:18going to elevate your brand and it's
- 29:21going to be a quick road to death for
- 29:24your brand because you're not doing
- 29:26you're not telling the story of the
- 29:28brand Defiance media is exists to tell
- 29:33the story of Brands through our branded
- 29:35editorial um strategy and to tell the
- 29:38story of the Mavericks innovators and
- 29:41entrepreneurs behind those Brands and
- 29:43behind those products and services that
- 29:46are being introduced into the
- 29:47marketplace because keep in mind you
- 29:49don't have a brand you have a company
- 29:53and that company has a product or a
- 29:55service to become a brand you you need
- 29:58to tell a story and you need to do it
- 30:01over a long period of time and no amount
- 30:03of growth marketing is going to
- 30:05establish your brand it's only going to
- 30:09get you more customers maybe for a
- 30:11specific period of time if you're just a
- 30:14company that you don't care about your
- 30:16brand and all you want is additional
- 30:18products uh additional C customers
- 30:20through your product to you for your
- 30:24product or service fine do all the
- 30:25growth marketing you want growth hacking
- 30:27you want
- 30:29but if you want to go to the next level
- 30:31and become a brand you need to have a
- 30:33brand story you need to have innovators
- 30:35behind that I think coinbase is another
- 30:39great example you know here's the the
- 30:41first exchange that came out Brian
- 30:44Armstrong terrific leader here's a guy
- 30:47that has fought for guard rails uh from
- 30:51day one uh and getting the proper
- 30:54licenses and following the proper
- 30:56approvals and so on and so on and so on
- 30:59to be a leader for uh crypto uh in an
- 31:03ethical standpoint but nobody knew who
- 31:06he was and it wasn't until he started
- 31:09they started doing documentaries on him
- 31:11he started doing some other media
- 31:12appearances and this is all leading up
- 31:14to coinbase doing their IPO a few years
- 31:17ago but since then he's continued to do
- 31:20that and the reason why he's doing it is
- 31:23not necessarily to keep the stock price
- 31:25up but with a genuine effort to help the
- 31:29entire industry by saying hey this is
- 31:32what we've been doing we're the gold
- 31:33standard all of our competitors should
- 31:36be following the same process and we
- 31:38need to all work together to really
- 31:40preserve this industry and accelerate It
- 31:42Forward together and that's leadership
- 31:45well I commend you and thank you for
- 31:48your leadership and your thoughtfulness
- 31:50and and the generosity of your time here
- 31:52so U thank you again for doing this and
- 31:56for making a genuine connection with
- 31:59us and uh appreciate it thanks for your
- 32:02time Matt look forward to collaborating
- 32:04with you guys in the short term