MATE 038 – My start-up failed and here’s what I learned, with Tommy McCubbin (REBROADCAST of MATE 008)

Tommy McCubbin—advertising Creative Director, dad and podcaster—joins me on MATE to discuss why he thinks advertising sucks, how to avoid the #1 start-up mistake and share his thoughts on podcasting. We jump right into his controversial opinions about the advertising industry and why traditional ads don’t work. Tommy reveals the harsh truth behind why his start-up failed and … Continue reading MATE 038 – My start-up failed and here’s what I learned, with Tommy McCubbin (REBROADCAST of MATE 008)

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Tommy McCubbin—advertising Creative Director, dad and podcaster—joins me on MATE to discuss why he thinks advertising sucks, how to avoid the #1 start-up mistake and share his thoughts on podcasting. We jump right into his controversial opinions about the advertising industry and why traditional ads don’t work. Tommy reveals the harsh truth behind why his start-up failed and the warning signs he ignored. And we also talk about exciting new technology, trends in podcasting and how to succeed with side projects.

Topics:

Tommy’s podcast: Future Sandwich.
Family (not work) is the only thing that ultimately matters.
Writing lists to be productive
OmniFocus, the to-do list app mentioned in MATE episode 004, with Leigh Price.
Written lists reduce stress and get things out of your head
Why traditional ads suck (why we should be creating platforms and products instead of campaigns).
What does an advertising Creative Director do?
Why is advertising work called “the creative”?
Advertising teams were originally organised into departments by discipline; there’s a documentary film about it called Art & Copy.
The shift towards everyone in an ad agency being “creative”.
Happy Wife, Tommy’s gift reminder app (which has since been shuttered).
WhisperTip, bringing pub sports tipping to the 20th century.
Why you shouldn’t fall in love with your start-up idea
Prove your concept by trying to extract cash from people for your start-up prototype
Friends are the worst judges of your start-up because they’re inherently biased
The Future Sandwich podcast was modelled off Jerry Seinfeld’s Comedians in Cars Getting Coffee
The trend of narrative journalism in podcasts (i.e. shows with a “story arc”).
Recent Future Sandwich episodes:

Driverless cars
Bitcoin
Space travel
Advertising
Artificial intelligence
Virtual reality
3D printing

Here’s the video of PJ Vogt talking about how the best podcasters on Earth don’t even really know what they’re doing:

Gimlet Media, the darling child podcast network, who produces the following popular podcasts:

Startup Podcast
Reply All

Serial, the most successful podcast in history (hosted by Sarah Koenig and produced by This American Life).
Media businesses (including podcasts) need massive scale/reach to be able to generate any revenue from advertising.
CPM = cost per 1,000 media impressions.
Nobody looks at banner ads
The global state of ad blocking
Tommy pays me $5 AUD cash for 5x episodes of MATE ad-free:

$5 cash for 5x episodes of MATE ad-free

MVP = minimum viable product (i.e. a quick prototype of your business/idea).
Celebrities with podcasts doing well right now:

Alec Baldwin’s podcast: Here’s The Thing
Malcolm Gladwell’s podcast: Revisionist History
Lena Dunham’s podcast: Women Of The Hour

Treating projects as experiments allows you to adapt and be agile
MATE episode 002, with Athan Didaskalou.
MATE episode 001, with Jayden Seric.
Learning by doing is the only true way to understand something
What’s exciting you right now? Virtual reality.
What’s not exciting you right now? Ad products.

Links:

Tommy McCubbin’s website
Future Sandwich podcast (Apple Podcasts | website)

Sponsors:

Open Universities Australia

Special thanks:

Editing by Josh Armour, from ArmourPod Productions.
Podcast logo cover artwork by Courtney Carman
Theme music from “Ghosts I–IV” by Nine Inch Nails, used under a Creative Commons licence.
Ad music is called “Going Higher” by Bensound, used under a Creative Commons licence.

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MATE podcast is a show about Marketing, Advertising, Technology and Entrepreneurship. Hosted by Adam Jaffrey: Digital Strategist and Entrepreneur. Made with in Melbourne, Australia.

MATE podcast is a production by branded podcast agency Wavelength Creative.

The post MATE 038 – My start-up failed and here’s what I learned, with Tommy McCubbin (REBROADCAST of MATE 008) appeared first on MATE podcast.