WhoBuilt

Ian Hogarth

Jul 31, 2014· 32 min· 6.7K views·Watch on YouTube

Speaker

Ian Hogarth, co-founder and CEO of Songkick, shares startup lessons at Y Combinator's Startup School.

Work with consolidated industries

Hogarth says entertainment startups face powerful rights holders, and most creators depend on them for financial stability. He points to Universal Music Group's acquisition of EMI and Live Nation's merger with the world's largest ticket vendor as examples of growing consolidation. He advises startups to understand industry players' problems and find a reason for them to embrace the product.

Understand the startup game

Hogarth argues that consumer startups involve substantial randomness, so building one is not a reliable path to financial success. He says a strong builder might earn more by joining a successful company or spreading risk across multiple ventures. For him, the strongest reason to start is being deeply motivated to solve a specific problem.

Build three engines that work together

Hogarth describes a startup's success in terms of user gratification, growth, and economics, with the team affecting all three. Songkick learned through user surveys that personalized concert alerts delighted some fans, but its signup process made that experience hard to reach. Improving access to listening data and the quality and completeness of concert listings helped build trust; partnerships, search, and mobile word of mouth then supported growth.

Keep going through hard periods

Hogarth recalls Songkick's bleak period in December 2010, when new features failed to improve usage and cash was limited. He says persistence can carry a company to a better market moment, pointing to the shift from desktop to mobile and its effect on Songkick, Shazam, and Pandora. He recommends writing down why the work matters, spending time with users, and building with trusted co-founders.

Takeaways

  • In a consolidated industry, learn what incumbents need and seek alignment early.
  • Make the product's core benefit easy for new users to reach.
  • Treat reliable, complete data as part of the user experience when trust depends on it.
  • Choose growth channels that fit the product and its economics.
  • When progress stalls, revisit user feedback and the reason the problem matters.

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