Matt Weinberg, CEO of Vector Media Group a company that specializes in web design, content management, and general media consulting. Listen in as Matt shares the history of his 15 year old company, how it went from a small pet project to genuine giant, and what he sees for the future of media.
Bio:
Matt cofounded Vector Media Group in high school, and is now its President of Development and
Technology. Vector is now 32 people and has been on the Inc 5000 list of America's fastest growing
companies for 3 years in a row. We're fully bootstrapped: we've never taken outside funding or debt and have been profitable every single month since our start.
Famous 5
Favorite Book? – Getting to Yes
What CEO do you follow?— Travis Kalanick
What is your favorite online tool?— WorkFlowy
Do you get 8 hours of sleep?— No
If you could let your 20 year old self know one thing, what would it be?—Know how much harder it is to take a risk at 30 than 20.
Time Stamped Show Notes:
01:17 – Nathan’s introduction
01:48 – Welcoming Matt to the show
02:19 – Matt has one partner (Lee)
02:36 – Company founded in 2000
03:02 – Started ramping up to a media company in 2005
03:40 – They are effectively a consulting company
04:48 – Web design and consulting is the biggest aspect of Vector’s business
05:45 – Vector loves to get in with companies as early as possible
06:44 – www.GreenTechMedia.com
07:55 – Vector bills at roughly $180/HR
10:03 – Walking through the negotiation/fleshing out process
11:12 – Catch problems EARLY
11:28 – Vector can work on almost any budget
12:00 – Ideas change DRAMATICALLY post launch
12:50 – Working with the Associated Press
13:41 -- @MRW
3 Key Points:
Take risks before your 30…it gets harder after that birthday.
Mentally and financially budget for the changes you’ll want post launch—there will be many.
Don’t be afraid to price yourself as a premium product if you know you’re worth it.
Resources Mentioned:
Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.
Host Gator - Powerful web hosting made easy and affordable.
WorkFlowy – The online tool Matt can’t live without
Travis Kalanick – The CEO Matt follows
Getting to Yes – Matt’s favorite business book
www.GreenTechMedia.com – One of Vector’s clients