Joseph Jaffe was early to sound the social-media alarm with his book Join the Conversation. He parlayed his vision of a marketing world turned upside down by empowered customers into a social-media agency Crayon, which was acquired by Powered in January 2010. Now Jaffe’s back with a new type of marketing shop, Evol8tion, an agency that’s solely dedicated to connecting startups and brands. In Jaffe’s view, the divide between Madison Avenue and Silicon Valley is as wide as ever. Many startups fail because they run out of funding, which Jaffe believes wouldn’t be the case if they had found a brand patron earlier on.
It seems like lots of folks want to be brand-startup matchmakers. Where is the gap in the market that you feel Evol8tion can fill?
Ultimately, there are a few massive gaps. I looked at the typical life cycle of a startup. It began in a world of tech and finance and stumbled its way into marketing and brands. This has always been the way the model is. It’s get big fast, and then the rest follows. It’s then about advertising. A majority of startups are built on the premise of get big fast and then monetize that scale in terms of brand-advertising dollars. What would happen if we began with the brand and then worked our way backward? Start off with the business problem, the brand challenge and the consumer needs, and then work backward to a startup that exists — or maybe doesn’t yet exist. The funding would come from the brands. On the one hand, 97 percent of startups never get fully funded. Dollars for startups are drying up. You have a blue ocean of possibility. We believe every viable startup has a brand soulmate. We’re not saying they’re all are viable. We bet a majority are viable for a particular category or brand. (more…)








