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Currensee

Creating the Marketing Daily Scrum – Day 1

I just started a new process with my Marketing team at Currensee. I wanted a way to keep us organized and prioritized while we’re juggling, no joke, 20-30 projects at a time. In the land of start-up, it seems like each day brings a new priority and requirements change midstream more often than I’d care to admit. I’ve worked with the Agile process for some time and thought, why not create our own Daily Marketing Scrum?

Here’s what we did.

I got the team together, including our designer who is a shared resource for other parts of the organization. Each person got a stack of index cards in a particular color (mine are pink, how fitting:). We spent 5 minutes writing down all of the projects we are each working on and then we organized them on a tackboard by person. Once that was done, we started running down the list person by person and prioritizing the work. Quickly, we recognized the benefit of doing this as a priority for our designer was not on his list because he was waiting for info from another team member. A new index card was added to the designer’s list and he now had his top priority for the week. We worked together to identify what is hot fiyah and what is not and gained alignment on the priorities for the week.

In the world of Scrum, it’s the Scrum Leader’s job to ensure there are no roadblocks and to minimize distractions. Sounds like a good job for me. The new process will give my CEO full visibility into everything we are working on and he will need to work with me to reprioritize or add/change requirements (I’m on to you, Dave). We spent about 45 minutes going through each project to make sure everyone understood the requirements and then we prioritized and aligned priorities across the team given high interdependence on other resources to get stuff done.

Another benefit – you quickly see who is over tasked and who has capacity. Our brandy new intern had just two things on his list. (Poor kid started on Friday!) Man, that changed fast. We were able to reprioritize projects on other team members’ lists and give those to the intern, thus freeing up other resources to complete the higher priority projects.

So, overall, a great start to Day 1.

Time spent scrumming: 60 minutes

Projects prioritized: 35

Number of index cards used: 64

Number of lives saved by having a process that creates organization and priority: 5

Stay tuned as I’ll give you an update next week to see what else we’ve uncovered as efficiencies and how we are using Scrum to make our team more effective. Are you using a Scrum process in your Marketing department? Would love to hear your experience!

 

 

 

New NASDAQ social app is all a Twitter

TechCrunch reported yesterday about an interesting new iPhone app they came across in the App Store. It’s an official app made by the National Association of Securities Dealers Automated Quotations (NASDAQ), the American stock exchange. In the words of TechCrunch writer, MG Siegler, “That itself is interesting, but perhaps even more interesting is a key functionality of the app is to highlight tweets about various NASDAQ stocks.”

Wait, this is the NASDAQ, right?

Here’s the scoop. The app is called NASDAQ Portfolio Manager and, according to TechCrunch, it’s pretty slick. In addition to providing all the real-time quotes and data you’d expect, it also has some pretty cool charting features and, IMHO, the most interesting part of the whole app is that it has a special view that integrates all the latest tweets about that stock, coming in from StockTwits. If you don’t know about StockTwits and you’re a Forex trader, you need to Picture 22check it out. The service is organized in “streams” and they recently launched a Forex stream, where you can see all the latest Forex tweets. A Forex tweet is denoted with $Currency pair (i.e. $USDJPY), and what’s even cooler is that you can sort the Forex stream by pair. Say you’re only interested in tweets about USD/JPY, click on the pair and just see that stream. We use StockTwits with our @Currensee Twitter stream to connect with influential Forex traders from around the world.

I love that an institution like NASDAQ sees real value in social data. Their new app shows the innovation that comes when you blend the conversation of the crowd with traditional data. The world is moving to a place where “how we always did it” just doesn’t do it anymore. In the old days, if the chart said go long, I most likely would. But today, if the chart says go long while everyone on Twitter is going short, I just might reconsider my position. It doesn’t mean the crowd is right, it just means I have more information and more resources to help me make a much more informed decision. Nicely done, NASDAQ.

Financial services innovation is alive and kicking at Finovate 2009

Originally posted on the Currensee blog on Sept. 15, 2009.

I spent most of my career in the financial services industry. Back in the day, when I was working at one of the “big guys”, we were truly innovative. New products, new technologies, first to market on many fronts but then something changed. The big guys got big and when you get big, you get hung up in meetings, politics, reorgs, red tape, managing up, reforcasting budgets and, voila, all the big innovation gets pushed aside for making the numbers and keeping the beast steady as she goes.

When I took the leap into the land of startups I never imagined a financial services vertical for startups. I wondered what there was to innovate in a place so layered in compliance, risk, security and privacy hangups? Well, first I discovered Currensee, and was charmed and delighted by the innovation and technology in the space. Then, most recently, I came across Finovate.

For those of you who know TechCruch50 or DEMO, Finovate is the financial services equivalent. A Spring and Fall yearly event (NYC, Sept 29) that “showcases the best new financial and banking technology innovations from established leading companies and hot young startups.” The Finovate judges hand-pick the companies that get their 7 minutes of fame on stage to show (live demos only, no slideware) their latest and greatest to an audience filled with VCs, big financial services companies looking for ideas and other startups watching the competition.

After checking out several of the companies, I was pretty impressed. I loved Smarty Pig – simple, smart savings plans and accounts you can create with your family and friends. And, BrightScope – transparent information and ratings for your 401k plan. Then there’s my favorite, Bill Shrink – where Dave in Witchita found a cell phone provider that will save him $500 a year. Now, that’s smart.

The best news in reviewing all the Finovate finalists is that they are all in the same business – making life simpler and better. That’s where the big guys often miss the boat. When you connect to the real goal of the average investor it is, quite simply, to have a damn, good life. I am loving the fact that financial services startups are connecting to this reality, cooking up unique products and services and serving up a solid dose of innovation. We’re happy to share the financial services startup space with these exciting companies and putting Finovate on our horizon for 2010.

Intuit proves personal finance innovation is Mint

Originally posted on the Currensee blog on Sept 15, 2009.

Last week, TechCrunch reported that Intuit will acquire the free online personal finance service, Mint, for around $170 million. The deal, which should be announced in the next few days, puts Mint in a new league. As TechCrunch’s Michael Arrington described it, “This is a terrific exit for Mint, which first launched two years ago at TechCrunch50. Mint took the top prize at that event and has been growing fast ever since.” Growing fast, eh? Let’s talk about explosive growth. I’m talking gaining 3,000 new users a day and jumping from 600,000 to 850,000 users in a matter of months. The best part is that Intuit didn’t believe the numbers and sent Mint a threatening letter demanding an explanation for the user sign-up success.

I guess Intuit got the answers they wanted given today’s news. I can see exactly what they see in Mint. As Rob at Regular Geek points out, it was born in the glory days of Web 2.0 and comes without all the baggage of Web 1.0 software products. Where Quicken is desktop-like, heavy and complex to use, Mint uses light graphics and is focused on spending against a budget versus the dull and overwhelming focus on bill payment and tracking. They’ve done a lot of things right with the Mint product and have made personal finance accessible and and even fun for the average Joe.

This acquisition bodes well for those of us in the social trading and investing space. It shows that a serious player like Intuit finds tremendous value in the product and the users of an innovative Web 2.0 company. It proves that breaking the model of the way trading, investing and saving have always been done creates market opportunity, revenue opportunity and innovation opportunity. What a great way to start a Monday. Congrats to the Mint team on this exciting accomplishment.

The future looks bright

Not sure why that Pat MacDonald song came into my head but it captures how I feel right now. Anyhow, I am jumping out of my seat. Why you ask? Well, I just joined the team at Currensee as their brandy-new VP of Marketing. I am thrilled to join an amazing team of people and to help them bring their big idea to the market.

From my first meeting with Dave Lemont, the CEO and king of go-to-market strategies, I knew this position was made for me. It’s one part financial services (my past life), one part social media & community (my new life) and a healthy dose of innovation, testing and data gathering. Currensee is in stealth mode but I can tell you a bit about how they are changing the forex game. Say you trade foreign currencies. You chase the Aussie and play the Cable against the Swissy. You’re always trying to find an edge – tough to do when the markets trade 24×7 and most humans need some sort of sleep.

Well, Currensee, not only lets you stay connected to the market, it lets you understand and leverage the community of forex traders who are looking for an edge just like you. Kind of like a Facebook for forex traders. You can share a whole bunch of data with your Currensee friends and share charting strategies and trading ideas in real-time. I spent most of my life in financial services and have seen alot of products. Everything from active trader pro screens that look like a DOS terminal to level II quote screens that make you go cross-eyed. After seeing how the simple and intuitive the Currensee screens are, I know forex traders are going to love the product.

There’s alot of work to be done. Much to test and much to be learned. My job will be all about growing the trader community and figuring out which levers to pull and what buttons to push. I am thrilled to dig in and get my hands dirty. I will be a one-armed-paper-hanger so, I’ll be working my @ss off. But I am so jazzed about the mission and people, it will be worth every ounce of energy. I’ll be sharing more as I dig in and get us ready for beta.

Gotta wear shades.