Buystream: Q&A

To help you to get to know the companies presenting at LaunchUp #8 we asked each to respond to a few questions…

The following Q&A segment is with Mark Thomas of Buystream.tv

Q: What does your company do?
A: Buystream produces and streams interactive video content for online businesses.

Q: Why does that matter and how do you make the world a better place?
A: It’s tough to make a sale right now in any industry. Our end-to-end video commerce solution helps business sell more, convert more, and engage more web visitors.

Q: Why is your company cool?
A: Everyone on our team could be a rockstar somewhere else, but we form a special band by staying together at Buystream.

Q: What 3 lessons/observations would you tell other entrepreneurs?
A: 1. Be honest with yourself. If your product sucks, admit it. If you can’t sell, admit it. Then you can find out what you should really do next.
2. You don’t have to work for free. Everyone wants a favor and wants you to prove yourself. At some point you have to believe enough in what you do to say “no, you need to pay me a lot of money for this.”
3. Figure out how to make money early. Don’t build a product and assume it’s going to monetize itself. Not many companies pull that off. Google is the exception not the rule. Cash is king. Learn how to get it early and often.

Q: Pick 5 people for your entrepreneur dream team (assuming you and your team were riding the bench)
A: Seth Godin, Guy Kawasaki, Steve Jobs, Tony Hsieh, Jason Fried

Q: Which one pursuit? Golf, Basketball, Skiing/Snowboarding, Knitting, Mountaineering/Climbing, Bowling, Watching Grass Grow
A: Basketball.

Q: Why are you an entrepreneur in Utah?
A: I’m a fanatic for wakeboarding, basketball, and college football. I get all three in large quantities here!

We look forward to LaunchUp #8 and hearing more from Buystream!

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