Kim Milosevic, communications specialist at Andreessen Horowitz and former OutCast partner, discusses brand perception during high-stakes corporate crises.
“I think it's more like your brand is defined by how you handle these situations versus you taking a moment to say, how do we turn this into a brand opportunity?”
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Insight
Milosevic: An effective PR firm requires more founder time, not less
“The reality is just because you're hiring a PR firm or consultant doesn't mean that it's going to be less time. If you have a good PR firm, a good consultant, it should be more of your time.”
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Milosevic: Startup PR agencies should deliver reporter meetings within month one
“I think it's a warning sign if an agency puts together a plan and two months of that plan is just prep and getting up to speed and onboarding. It's like in those first, definitely within the first month, you should have at least a couple of meetings set up.”
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“These young companies, they're raising a lot of money. These founders are getting an immense amount of responsibility very quickly and very early, a lot of times before they have a chance to build their leadership skills and handle a lot of these situations.”
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Milosevic: Employees should be informed of major stories before they break publicly
“One of the most important parts of this whole crisis scenario is what happens on the internal communication side. It is so important to be talking to the employees about what's going on. Ideally, they know if it's a big story that's going to break, they know a…”
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Milosevic: Founder CEOs cannot separate personal scandals from company brand damage
“There is no division, and especially if you're a founder, CEO, you and the company are essentially the same, and even if the focus, let's say, of the stories are on the personal issue, you Guess what? Your company is going to be mentioned in every single one o…”
Kim MilosevichJan 2, 2019▶ 31:26a16z Podcast | Crisis Communications
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Milosevic: Pitching a turnaround narrative prematurely rehashes past crisis details
“Don't rush it. I think that's probably one of the biggest, you know, mistakes that companies make is by trying to do it too early when they don't have enough progress or milestones or growth to show that they have started to turn around. And they may put their…”
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