Lessons from Michael Ovitz’s Interview with Marc Andreessen

AllThingsD recently shared a video from 2010 of Marc Andreeseen interviewing Michael Ovitz about the Founding of CAA.

The video offers an incredibly candid look at Michael Ovitz’s background leading up to CAA and the evolution of CAA over time.

http://allthingsd.com/20101208/when-marc-met-mike-andreessen-interviews-ovitz/

I would recommend watching the whole interview – for me, these were the most important takeaways:

1. Success is often born in disarray.

Ovitz and the Founding Partners were all fired from William Morris when word of their plan leaked out.  They had no office (and then an office with a card table)  Had a plan they devised the night before being fired but had a strong team and figured it out.

2. Flat organization, team model

William Morris pushed for individual contributors; At CAA, they focused on the team – over compensated for group performance. Everyone was a partner at CAA.   Met 5 days per week for more information sharing (instead of 1 that other firms)

3.  Take advantage of the “way” other places work

Had their team meetings at 7:30 AM 5 days a week.  Total open information sharing across the group.  Other groups would meet once per week starting at 9:30 AM. When CAA’s meeting would end at 10 AM, the other group had just started – so they would call their clients and tell them

4. Do business different ways

Went to NYC to talk to all the author agents and asked to partner with them.  Told them they would give them all the commissions and never represent authors.  The traditional agencies would compete directly and take away their clients.  Created opportunity. Benchmark did a similar thing with angel investors when they launched.  (Find partners who like you more than others)

“We were told point blank it would not work on TV … and it would be a disaster … when we hear that kind of thing we get really excited”

5. Writers are the creative lifeblood of the industry

6.  Early on, they turned down relatively large clients to make them seem more exclusive

7. Packaging

8.  Be involved in the community and broader ecosystem; be able to make anything happen for clients / friends of the firm

Related Articles:

Published by

adam

I work for True Ventures, an early-stage venture capital fund with offices in San Francisco and Palo Alto. We partner with promising entrepreneurs at the earliest stages in the technology market providing hands-on management support to guide our portfolio companies through the challenges of early growth.