It’s been a week since SocComm and I’ve had some time to reflect on the experience. For all that don’t know, SocComm, Social Communications Summit, was a one day event held in NYC on Feb 10th. The event, organized by Jeff Pulver, had a fantastic group of speakers including Jeff Jarvis, Gary Vaynerchuk, Fred Wilson, Shelly Palmer and David Kirkpatrick. The event was amazing and before I go into my thoughts, I think everyone at the event would love to give Jeff Pulver a standing ovation for putting together this great lineup. I won’t go into length about what the speakers said but wanted to simply discuss what I saw at the conference, which was everything that is wrong and everything that is right about social media.
Fred Wilson of Union Square Ventures spoke about the power of “trust” in today’s growing social media networks. Union Square Ventures is an investor in Twitter (as is Jeff Pulver) and when I asked about how to monetize these growing trust networks, I was given a generic answer of how if there are eyeballs, the money will come. I don’t like this answer. Friendster had lots of eyeballs. So did lots of other social websites. And yet, only the strong survive. It takes more than eyeballs to make the big bucks. Twitter has the potential for big rewards but it needs more than good traffic.
Gary Vaynerchuk did his thing (if you don’t know what I mean, check out his Tumblr blog which shows some of his previous speeches). Gary is a an entertaining and extremely motivational speaker. He makes me, and everyone who hears him, want to get up and do something great with our lives. Yet his approach doesn’t work for everyone. He talks about how people should do what they love and by putting all of yourself into your passion, you’ll find a way to make money off it. It’s easy for him to say. He loves wine and sells wine. What if I love Mork and Mindy? I don’t see myself making a career out of that.The room gave him a standing ovation with cheers anyway. Agree with him or not, you have to love his energy.
Shelly Palmer called Gary out on his pipe dreams that he was selling to the crowd. You have to understand. Most of the crowd are social media addicts. Most of the heads in the crowd were Twittering what they were hearing rather than looking at the presenter’s slides. They think they can change the world. Maybe they can, but it’s not likely. They want to hear Gary Vaynerchuk tell them that they are the future of media and Fox and NBC won’t be around in 50 years. Shelly told the crowd the honest truth. If they were talented enough to be on TV in front of millions of people, they’d be there. Social media is changing the world but big media has more money to experiment with everything until they find the right formula. Big media isn’t going anywhere. It’s just going to shift strategies. The crowd got a dose of reality. It was interesting to see their faces.
The highlight of the day came when Jeff Jarvis had a converstion with the crowd as to what a Google restaurant would be like. I thought my line of “you’d never be able to eat sushi in China” was funny and clever. The crowd thought differently. Apparently they are such big fans of Google that they try to forget about the whole China thing.
Chris Brogan pointed out, what I thought, was the most important point about social media. None of us know what the future holds. Gary has one idea. Shelly has another. Fred has another. Jeff another. Me…..well, I’m skeptical about everyone’s point of view. The point is that everyone agrees that social media is more than just a fad. It has power. And I’m looking forward to being part of that future, wherever it takes us.
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