E12P1 - Ricky Sutton on overcoming adversity to build a successful Startup




The Lead Investor show

Summary: Ricky Sutton is CEO of Oovvuu. He is a journalist turned video entrepreneur. He began his career as a reporter, working his way up through management ranks of national publications in the UK and Australia, such as The News of the World, News International Ltd, News Corp, Channel Nine and Fairfax. Around four years ago he left fairfax to launch Oovvuu, a global solution used by 100 broadcasters and publishers worldwide. Oovvuu's mission is to embed a contextually relevant video in every article in the world, using new technology and AI. The company is supported by Amazon and IBM Watson and private equity. Listen to the full episode to hear all this, plus: The challenges faced by a founder in leaving a C-Suite role and going out on your own with no steady pay cheque. Having a founding team in their 40’s has it advantages of experience, bruises, scars and thick skin than being in your 20’s. The frustrations of working for big business and their inability to innovate and change with speed. Quotes from Ricky Sutton: When you have “C” in your title like CEO or CFO to CTO, most people believe you have reached the pinnacle of your career. But if you take a job with a “C” in it, your average tenure will be 3 years. There are serious problems in an organisation when the “C-suite” roles are leaving for the Startup founder role. If you want to made hungry, being told that you can’t do, what you know your industry needs because you work in a dogmatic company, drives greater hunger than anything else. I have never been more motivated than I am now. I have never been poorer! But I have never been more satisfied and I have never done more good work. The answer should never be no. An answer, in a world where you don’t know what the future looks like, should never be no. Being in a founding team of 40 year olds means we are old enough to know how to win, what failure looks like, we would never charge in blindly and we know where the gold is!