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The Fresh Ground Podcast will return to its regularly scheduled Mondays (hopefully) next week, but in the meantime, please enjoy Todd’s guest appearance on another great podcast that has resumed after an even longer break than our summer one: PRobecast. Launched under Doug Haslam’s watch at Topaz Partners, Tech PR Gems grew to become a well respected podcast before suffering from “I have a day job” syndrome, as many podcasts do.
PRobecast episode #91 featured special guest Todd Van Hoosear along with Topazers Alison Raymond, Joanna DiTrapano, Tony Sapienza and Evan Siff talking about the recent purchase AOL made, content curation, texting while driving, hatchbacks, etc. Here are the issues we covered:
Has Social Network Content Creation Plateaued – Research from Forrester is saying that while social media use is on the rise, social media content creation has shown no measureable growth over the past year. Are you a creator or a curator?
When it’s the Case of TMI, Curation is Key – Paul Gillin recently had an article in B2B Magazine talking about the importance of not just creation, but curation. There is almost too much information out there – and to find the important things, you must find ways to sort through all the information coming in.
AOL’s New Purchase: TechCrunch – AOL bought TechCrunch for around 40 million dollars. What does this mean for the future of TechCrunch. Can they really be unbiased when owned by a public company?
Bye, Bye Texting While Driving – There has been a lot of discussion over the texting ban. 30 states and the District of Columbia have banned it. However, research has been finding that since the ban, crash rates rose as people where trying to go “under the radar” while still texting. Living in a society that is always connected, what do you think of these bans?
Can RIM’s PlayBook Run Up Against the iPad? – RIM recently announced a new tablet called the PlayBook. This seems to be the most similar competitor to the iPad. Do you think the PlayBook has a chance against the giant that is Apple?
Are Hatchbacks Cool? – Ford has reported that 60-percent buyers are opting for the new Ford Fiesta hatchback, stating that just over 8-percent of cars last year were hatchbacks. Is the hatchback a new trend?
Michelle Perroni had a PR challenge: she had to sell a young client to a marketplace filled with news, noise and more noise. Who was her client? Herself! Michelle had recently graduated from Brigham Young University - Idaho, and found herself job hunting for public relations agency jobs in a saturated market. How to stand out? Her tactic: take out an ad on Facebook.
Fresh Ground principal Todd Van Hoosear, not one to click on many ads, was intrigued enough by her approach to click on her Facebook ad, and wondered if it had led to any job leads or other opportunities. They spoke yesterday by phone from her home in the Houston area about her search, social networking and public relations.
While the ad hasn’t led to an offer yet, she’s netted nearly 400,000 impressions, 761 click, and emails from all over (including Fresh Ground and Edelman, among many others) after her $100 five-day run. She targeted based on interests (e.g., PRSA, social media, journalism) and agencies. If you have a job for her, tell her I sent you!
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A few days ago I wrote about change, and how "social media, if done right, is first and foremost an exercise in change management."
I was speaking about changing how businesses operate and communicate, but if you look at PR in a more specific sense, it's about changing minds (and subsequently creating action).
Often, it's not the minds of customers and prospects that good PR practitioners need to start with -- in reality, a good PR practitioner concentrates on changing minds (and processes) inside the organization first. This can be a challenge, but is critical not only to ensure success, but in reality, given where PR is evolving, to make sure that PR practitioners remain relevant as the media landscape continues to shift.
Whose minds are YOU changing?
Howard E. Berkenblit is a partner in the Corporate Department of Sullivan & Worcester LLP’s Boston office and a co-leader of the firm’s Securities and Corporate Finance practice group. He specializes in counseling both public and private companies involved in equity and debt financings and ongoing corporate governance and disclosure matters.
In episode 7 of the Fresh Ground Podcast, Chuck Tanowitz talks with Howard about how the “quiet period” — most typically associated with investor relations around public IPOs — also applies to private funding rounds as well. Private companies engaging in angel, venture capital and private equity funding most commonly take advantage of Regulation D, Rule 506 to avoid registering a public offering (and thus keeping the offering private). This regulation places a number of restrictions on marketing the company that many communicators are unaware of.
The key takeaway: your company’s PR track record is not just important going into an IPO, it’s important at all stages of private equity offerings.
Some of the more interesting excerpts:
“[The] more you can establish a track record early-on of ordinary course communications that don’t have anything to do with corporate developments or certainly offerings or intentions to raise money, the better you’ll be…”
“If you use social media as a regular channel for your communications for ordinary course business announcements … that will [help establish] that you’re not engaging in general solicitation….”
“The key is [not to] have any mention or even implication of fundraising….”
“[The] cases that make the headlines are not going to be the close calls, but that … doesn’t mean that companies shouldn’t clearly think about what they’re doing….”
“If you know the people you’re talking to already … you don’t have to worry, it’s general solicitation — you’ve already got the relationship. The concern is when you bring in people who you’ve never met before to invest in the company, and how did they find out about the offering…”
“There are some other strategies that have worked that the SEC has indirectly blessed here, or not complained about. For example, if the company has a relationship with a registered broker/dealer or placement agent, and they have people they’ve pre-qualified before the offering to invest in this type of offering [then] that middleman can set up meetings between the company and clubs of angel investors and things like that.”
“[You] can’t just [go] to wherever you’re invited to speak at and start talking about how people should invest in your company…”
About the Fresh Ground Podcast: Each week, we feature 10 minutes of insights from people driving change in today’s competitive business and media landscape. We talk about the evolving worlds of media, public relations, marketing and business, with a special focus on creating more social organizations.
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Our opening music is "D.I.Y." by A Band Called Quinn from the album "Sun Moon Stars" and is available from Music Alley, the Podsafe Music Network.
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