Vator, one of the largest business networks dedicated to high-tech entrepreneurs, is bringing its popular Vator Splash event to the Big Apple. The event will showcase 10 promising startups, who will get the opportunity to present onstage in front of an audience of some 250 attendees in the high-tech entrepreneur space, including some very prominent VCs. The venture capitalists include Polaris, RRE, FirstMark, TechStars NY, NYC Seed, Greycroft, Greenhill SAVP, and Venrock.
Vator Splash Event on December 15th
December 3rd, 2010Style Defined
December 3rd, 2010
We are proud to welcome Style Defined to our roster of clients. Style Defined is a fashion blog featuring the best and unique style of NYC, with a focus on young New York street style. After years in the party circuit and countless snaps of socials, celebs and wild party-goers, Katya Moorman founded Style Defined NYC and the Style Defined Blog, an online gallery chronicling the City’s most glamorous provocateurs. They’re working on a street style fashion app that combines the best party and street style from everyday New Yorkers a well as emerging and established designers. To further build the Style Defined brand, we are currently working on the app launch strategy and further functionality for users like you to snap and submit your favorite street style.
PerksHQ Makes a Move
July 29th, 2010
The Perks Consulting team is thrilled to announce that @PerksHQ (also known as our New York office) is moving from the company’s original home in Soho to join a new collaborative working space in New York’s eclectic Tribeca neighborhood. Tipping Point Partners Incubator will be the home to a number of emerging technology start-up companies, including Rooftop HQ, Case Commons, Rapid Ratings, Mobile Commons and Cookstr. With 12 private windowed rooms, a 24-hour doorman and 3,500 square feet of event space, the incubator has all that we could hope for in a new collaborative and creative home. Starting this week, Perks’ will be located at 86 Chambers Street, Suite 704. We hope you come pay us a visit soon!
Check out Tipping Point Partners on Twitter to get updates on events and news at the Incubator @TPPIncubator.
How the New FTC Guidelines Affects Your Business
May 24th, 2010Think that the revised FTC guidelines are just about blogging and don’t apply to your business? Think again!
Back in October of 2009, the Federal Trade Commission (FTC) revised a set of guidelines that had been unchanged for 30 years. Beginning December 1. 2009, these revisions took effect and they made some significant changes in the ways that brands market themselves on the web and in social media channels. 
Brands have been slow to adapt to the changes and the FTC recently made it clear that investigations have begun and that they are monitoring marketing campaigns for compliance.
Whenever someone is endorsing or making a testimonial of a product it must be made clear if the writer of that content has a “material connection” to the product or company that they are writing about. That “material connection” could be that the writer received a sample, gift, affiliate payment or any form of compensation. Advertisers are responsible for ensuring that disclosures are included in their campaigns, and they are liable for any false claims made by their endorsers.
Note that this also applies to employees and agencies posting on behalf of a brand and is meant to address “astroturfing” – which is a term used for positive reviews that are generated by a brand and their PR machine to create reviews and/or counteract negative reviews in the marketplace. The most common areas where disclosures are an issue include: product reviews (samples and gifts), paid posts, employee/agency posts and affiliate marketing programs.
Although bloggers were the most vocal group when the guideline updates were announced, it is marketers and advertisers who are most affected by these changes. The FTC expects advertisers to 1) lead the conversation about disclosures in their marketing campaigns, 2) create a disclosure policy for their campaigns, 3) document that they have followed their policy and 4) monitor campaigns for proper disclosures.
The FTC recently announced that they closed their first investigation around the practices of Ann Taylor LOFT in a blogger outreach program they ran in January 2010. While the FTC decided not to take further action against Ann Taylor for this program, they made it clear that compliance is not optional, and that advertisers are responsible for disclosures in their campaigns.
There has been a lot of confusion over what the guidelines are who is affected by these changes. Here are a few quick pointers:
- Disclosures are now required for marketing campaigns that include product reviews, sampling campaigns, affiliate/referral programs, influencer outreach and word of mouth marketing.
- The FTC is expecting advertisers (and their agencies) to lead the conversation about disclosures in their marketing programs and is holding them responsible for creating disclosure policies and best practices, documenting their process, and monitoring their campaigns to ensure compliance with those policies.
- Disclosures must be included when a material connection exists between the writer and the product that is being endorsed and they must be clear and conspicuous.
- Disclosures are required in all forms of digital media including blog posts, web sites, forums and even in Tweets and Facebook status updates.
- While there are many ways for bloggers to disclose their “material connections” it is advertisers (and their agencies) who are liable for disclosure policies and proper documentation.
Sponsored conversations and word of mouth marketing are increasingly popular as brands leverage social media technologies and embrace user generated content and reviews in their marketing efforts. Openness and transparency of these efforts is standard best practice in the space, and disclosure is no longer optional for brands engaging influencers to market their goods and services.
CMP.ly has developed a simple solution specifically for advertisers to manage and document an audit trail for disclosures in their campaigns. In addition, CMP.ly offers a standard framework for disclosures that are offered to the blogging community for free. For more information about these solutions, please visit http://cmp.ly. (Disclosure http://cmp.ly/4/t2ziwc - I am a co-founder of CMP.ly)
Perks Executive Advisor, Oz Sultan, in the news!
March 23rd, 2010Our very own Oz Sultan, Executive Advisor at Perks talks to ClickZ about Facebook’s attempt to limit marketers use of user profile attributes in ad copy. The policy changes are “having a cascading impact”, he says. Click here to find out why and to read the full article.
