INDIES RISING SUMMIT CHICAGO
The Blueprints
Seven sessions, one room, one day.

Below are the Blueprints from every session of Indies Rising — Chicago 2026. Each one captures the moments, the quotes, the frameworks, and the Monday-morning moves from the room. Read them in any order. Share them with your team. Come back when you need them.

INDIES RISING SUMMIT CHICAGO

ARTICULATING
THE INDIE ADVANTAGE

SESSION 01
IAN LEADERSHIP SUMMIT
CHICAGO · APRIL 15, 2026
TABLE OF
CONTENTS
→ YOUR FOLLOW-UP LIVE CONVERSATION
Monday, May 18 · 7am PT
meet.google.com/nwu-pnym-ntz
Come with the questions you jot down on the back pages of this recap.
THE COLD
OPEN

You were there when Meranne told the story she's been replaying for a long time.

Her team had walked into a pitch with a bold strategic idea that threaded all the way through to the creative. First round went great. The client, in her words, said "keep pursuing that."

Then the final round.

"They said the solution was wrong and hired someone else."

The room went quiet for a beat. Everyone on stage had a version of that story.

And then she told the contrast — a pitch she's in right now, where the CMO said, point-blank: "I don't actually agree with you, but I love that you went in so hard and so passionately against this. And that's the kind of partner that I want in an agency."

THE WHOLE BLOCK IN TWO ANECDOTES

Clients don't just buy the answer. They buy the relationship they'll need to keep getting to better answers.

Block 1 dragged every indie talking point out of the brochure and asked two questions: when an indie loses the pitch room, what actually happened? And how do you run an agency whose culture, positioning, and systems are honest enough that the right work keeps coming back?

Three back-to-back sessions: Ghost of Pitches Past and Poking Procurement ran as one extended conversation. Tap In, Tap Out put two open chairs onstage and dared the audience to come fill them.

WHO WAS
IN THE ROOM

A rotating cast. A hot mic. Two open chairs in the back half.

PART ONE — PANELISTS
  • Isabel Long — Chief Growth + Marketing Officer, Highdive (moderated Ghost of Pitches Past)
  • Haley Hunter — Founder + CCO, Party Land (moderated Poking Procurement and Tap In, Tap Out)
  • Daniel Weiner — Founder, YouShouldTalkTo
  • Meranne Behrends — Co-Founder / CEO, Words From The Woods
  • Anthony Reeves — Author + Executive Consultant
PART TWO — PANELISTS
  • Kai Deveraux Lawson — Co-Founder + CEO, Valerie
  • Roberto Max Salas — Founder + President, Young Hero
AUDIENCE TAP-INS
  • Katie Walley-Wiegert — Programming Lead, Indie Agency News
  • Eric Brown — Co-Founder, Blood Sweat and Tears
  • Masha Spaic — Executive Producer + Account Lead, Transport (NYC)
Energy in the room: quick, honest, a little bruised in Part One. Part Two loosened it up — open chairs, a live dare to come speak, a room-inside-the-room conversation about what indie culture actually is. The audience leaned forward the whole way.
PART ONE
GHOST OF PITCHES PAST
+ POKING PROCUREMENT

Isabel and Haley traded moderator duties. Meranne, Daniel, and Anthony sat between them. The conversation was about pitch losses — the real kind, the kind nobody brags about — and what running an honest agency actually looks like from the inside.

Moment 01 · Final Round, Wrong Solution

Meranne's opening loss story. (See cold open.) The point that stuck:

  • The pitch you lose isn't always about the work. It's about whether the client trusts you enough to be wrong together on the way to right.
  • The CMO who disagreed with Meranne but still wanted her in the chair was buying a sparring partner, not a verdict.
Moment 02 · Where Are All My Medals?

Isabel asked Haley how she holds the line on walking away from a pitch when there's payroll to make. Haley, deadpan: "Where are all my medals? I didn't get a medal. Celebrate your wins — important."

Then she went serious. Party Land's first question to any inbound is "Why Party Land?" If they can't answer it, she walks. She walked from a $1.5M project recently — "they had very little idea who they were talking to… we declined to participate."

  • A strong positioning isn't a marketing document. It's a filter on your pipeline.
  • The wrong $1.5M costs you the right $1.5M.
Moment 03 · Who Hurt You?
A new kind of pitch — all-indie shortlists, anti-holdco clients.

Isabel named a new pattern she keeps getting called into: pitches where only indies are invited, and clients are openly, emphatically anti-holdco.

"We always say, 'Like, who hurt you?' These clients who are now saying, 'We don't want a holding company. We don't want to be part of what's happening right now. We only want indies in this mix.'" — Isabel Long
  • When the whole shortlist is indie, "we're an indie" stops being the pitch.
  • What traumatized-by-holdco clients say verbatim: they want an agency that cares about the creative more than the bottom line, and a stable team that doesn't churn.
Moment 04 · Bring Them A Gift
Anthony scaled Airbnb from $175M to $800M not by selling — by giving.

His CEO coached him: "Every time you meet with the client, bring them a gift." He thought she meant chocolate. She didn't.

She meant: every touchpoint, plant a small nudge of adjacent value. If you're a design shop, talk photography. Talk art direction. Talk media. Let the client start understanding that's part of your world — and watch them bring up the next scope themselves.

  • The way you expand an account isn't the pitch. It's the drip. Small, relevant, free value in every interaction until the client is the one bringing up the adjacent scope.
Moment 05 · Promise The Absence Of A Negative

Haley named the unavoidable first job of every indie pitch: promising the senior team in the room will be the team on the work.

"I find myself having to, like, promise the absence of a negative. 'Believe me, they're going to be here. I know you've had bait-and-switch. We aren't going away.'" — Haley Hunter

Haley has scripted language for exactly this — delivered in the first 20 seconds of every pitch call: "Here's your leadership group. They are on this call. They will work on your brand. Matt is our CCO — he still writes."

"Clients take notes on those calls. They write down the things you wouldn't expect them to. It takes about 20 seconds." — Haley Hunter

  • Twenty seconds to defuse a client anxiety they walked in with. You can be doing that tomorrow.
Moment 06 · The Scalability Paradox

Meranne named the trap every indie is caught in: the very thing clients say they want from indies — small, senior, agile — is what makes them flinch when the brief gets bigger.

"They love the direct connect to the strategic lead, to the creative lead… the thing we struggle with is that automatically almost assumes you're of a certain size. The question with larger clients is, can you scale?" — Meranne Behrends
  • Nobody on stage had a clean answer. This is a real tension, not a solved problem. (Bring it to the follow-up.)
Moment 07 · The No Builds Trust

The session's most consistent drumbeat. Said from every chair on stage.

Daniel: "You should be saying no, especially to stuff you're not good at."

Anthony: "What if they said no? We can do that — but we're not good at that. We're phenomenal here, but not there. To me, the no builds trust."

Isabel: "There are so many client-side procurement people I've built relationships with because they know they can call and I'll say, 'Yeah, no. You don't want us.' Or 'We would crush this' — and they know I'm being honest."

"There's no 'no' that I've ever regretted." — Meranne Behrends
  • Saying no is the only thing a pitch process actually compounds. Every honest no buys you credibility the next time you say yes.
Moment 08 · Solving vs. Selling

Anthony's cleanest framing of what makes indies structurally different:

"From a holdco, the selling is incredible. But within indie, they came in and solved the problem… And the revenue was always there." — Anthony Reeves
  • Solving isn't the noble alternative to revenue. Solving is how the revenue happens.
Moment 09 · Stop Apologizing / Fuck The Big Guys

The closing round — start-stops from every panelist — got loud. The loudest moment of Part One:

"Stop apologizing for my skills, for my agency's size. Just stop apologizing. We have the right to be in the room." — Meranne Behrends
"I'm sorry — I'm so Australian — but fuck the big guys. Let's just really own something and drive it forward." — Anthony Reeves
PART TWO
TAP IN,
TAP OUT

Two open chairs onstage. A room full of introverts told to come speak their mind. Kai and Roberto held the anchor seats and turned the conversation into something bigger than a panel.

Moment 10 · Popeye's vs. Grandma's Kitchen

Haley opened with a bait: everybody calls themselves a culture-first agency. What does Valerie actually mean by it?

"There's a difference between saying 'I love Southern food because I go to Popeye's every day,' and 'I understand Southern culture because I understand why the use of fried chicken is important, or the seasonings — are we talking a tablespoon, or did Grandma tell us a pinch of something?' It is that input of understanding how to get to the output." — Kai Deveraux Lawson
  • Most "culture-first" agency work is downstream cosmetics. Real cultural work starts at the input layer — who is the audience, what do they believe, where are they in this moment.
  • If your cultural work is Popeye's, clients will eventually figure it out.
Moment 11 · The Rebellious Toddler

Haley asked the indie version of "can you scale?" — how do you convince clients to buy into a newer, smaller agency?

"Here's the thing about Valerie — we're basically a rebellious toddler. A total startup screaming, kicking, punching above our weight a lot of times. You absolutely have to work with Valerie if you believe in culture-first. 'You like us? We like you. Okay, we go together now.'" — Kai Deveraux Lawson
  • The most efficient sales filter is a radically specific self-description. Valerie isn't pitching. Valerie is self-identifying, loudly, and letting the right clients match themselves to it.
  • You don't convert non-believers in a pitch. You filter them out.
Moment 12 · The One-Slide Strategy

Roberto told the Young Hero founding story — early days, pitching a creator-led model nobody had language for yet. Pyramids and explainer slides didn't work. So they changed tactics.

"We don't need to oversell or over-explain the creator model. We just need to find the right moment to embed it into the presentations." — Roberto Max Salas

The example: a campaign for Lonely Whale — "Question how you hydrate" — announcing we've all been hydrating wrong through single-use plastic. They built an experience called the Museum of Plastic, piggy-backing on the Museum of Ice Cream moment. The creator-led approach wasn't pitched. It lived quietly inside the idea: 27 artists, 27 alternative ways to hydrate.

  • When your model is newer than the client's vocabulary for it, stop explaining it. Put one slide of it inside a bigger idea they already understand. Let them feel the method before they can name it.
Moment 13 · The Agency I Always Dreamed Of Working For

Katie Walley-Wiegert tapped in from the audience. She's spent her career doing a-list holdco award submissions. Now she works with indies:

"I was overjoyed that I don't have a culture team. I've worked with Valerie. Valerie doesn't have a culture team. But it's the agency I always dreamed of working for, because the culture just is in the way that everyone treats each other." — Katie Walley-Wiegert

And the real question for the room: "What is indie culture? What should it be? What are we striving for to really differentiate that indie provocation and promise to talent versus where the holdcos are at?"

  • Holdco "culture" is a department. Indie culture is a relational default. That's the single biggest talent argument indies have.
  • This is an open question the community should answer out loud. (Put it on the follow-up.)
Moment 14 · Systems Create Culture. Then Go Touch Grass.

Kai's follow-up was the cleanest articulation of what to keep from holdco and what to burn.

What she kept: "Making sure we support our growth, our finances are clean, we understand billability, we understand how everyone's working. There are things that are good coming from the holding company."

What she rejected: "There's a lot systematically and also systemically that were set up for folks to hide behind — particularly as to how you treat your people."

"I need you to go outside and go live life. Real life. Go eat food, go touch grass — and then come back and bring that insight to the table. That structure [holdco] requires you to be in the building under the fluorescent lights. For us, we know a lot about a lot, because everyone has experienced it." — Kai Deveraux Lawson
  • Keep the holdco's operational hygiene. Burn its architecture for hiding.
  • Creativity doesn't happen under fluorescent lights. Remote-first is a creative strategy, not a real-estate decision.
Moment 15 · It Shows Up In The Work

Eric Brown from Blood Sweat and Tears tapped in. He and his partner Nora have looked at enough pitch decks to read the answer before the reveal.

"We oftentimes see agencies over-diversifying, going after things that aren't part of their core capability set. When you try to be something you're not — to leverage a capability you just put on the homepage — and you don't have the teams, the expertise, the experience, the portfolio to show it, that shows up in the work." — Eric Brown
  • Cred stack bloat is visible from orbit. A pitch deck doesn't just communicate what you can do — it betrays what you can't.
  • Eric's frame: "agency interventionists." Sometimes the honest service to another indie is telling them the truth about their own positioning.
Moment 16 · Friends Become Clients

Masha Spaic from Transport (NYC) tapped in. Transport had just won a pitch that week — with a client they'd lost to the year before.

"We kept in touch, we kept getting to know each other, and that led them to come back to us. It's the getting to know each other. We want to be doing it with people. Our creative work is laborious, time intensive — and clients want to feel that." — Masha Spaic

Roberto picked it up and named the bigger pattern: "Our new business lane that performs the best for us is usually our friends from other agencies, who are now in-house or have started startups, and now we are their clients. It took 10, 15 years to build that relationship."

  • The real indie biz dev engine is the 10-year friendship. The colleague you were kind to at the holdco. The client-side contact you stayed close with after the loss.
  • You cannot shortcut this. You can only start it earlier.
THE MOMENT
THE ROOM GOT
UNCOMFORTABLE

Real disagreement came near the end of Part One, between Meranne and Daniel — on whether to dissect pitch losses at all.

Meranne had just said her team doesn't talk enough about wins and losses after the fact. Daniel pushed back:

"I generally advise, it's good to dissect to a degree — but it's a little damned if you do, damned if you don't. Until something becomes a trend, if you were in the room and you feel good about your performance, I wouldn't change much. So much weird stuff happens in those rooms. It's rarely some grand epiphany of why an agency won or lost." — Daniel Weiner

That's uncomfortable because most agency principals overcorrect after every loss.

DANIEL'S RULE ONE DATA POINT ISN'T A SIGNAL. TWO OR THREE IS.

Worth bringing to the follow-up session: where is the line between useful pattern-finding and reactive over-dissection?

ROOM
VOCABULARY

The named concepts Block 1 gave the IAN community. Now shared shorthand — use them.

TermWho Named ItWhat It Means
The No Builds TrustAnthonyHonest declinations compound credibility.
Solving vs. SellingAnthonyHoldcos sell scope. Indies solve problems. Revenue follows the solving.
Who Hurt You?IsabelAll-indie pitches driven by client trauma from holdco relationships.
Promise The Absence Of A NegativeHaleyThe indie's first job: proving the senior team won't disappear.
Bring Them A GiftAnthonyEvery touchpoint plants a small, free nudge of adjacent value.
The Scalability ParadoxMeranne"Small, senior, agile" is what clients ask for — and what makes them flinch.
Feed TherapyMeranneTaking whatever comes in because you need revenue, before you've learned to filter.
Can We Win? / Do We Want To Win?IsabelHighdive's two-question filter on every opportunity.
Popeye's vs. Grandma's KitchenKaiCosmetic culture borrowing vs. real cultural work at the input layer.
The Rebellious ToddlerKaiPositioning so specific it filters out non-believers without a sales pitch.
The One-Slide StrategyRobertoWhen the vocabulary doesn't exist yet, embed the model in a bigger idea.
Systems Create CultureKaiKeep the holdco's operational discipline. Burn its architecture for hiding.
Go Touch GrassKaiCreativity requires humans living real lives, not under fluorescent lights.
Agency InterventionistsEric / BS+TIndies telling each other the truth about positioning and what shows up in the work.
Friends Become ClientsRoberto / MashaThe real indie biz dev engine is the 10-year friendship, not the 6-week RFP.
EXACT
LANGUAGE

Steal these verbatim. Words picked on stage for a reason.

ISABEL'S 20-SECOND SENIOR-TEAM REASSURANCE — DELIVER IN THE FIRST PITCH CALL
"Here's your leadership group. They are on this call. They will work on your brand. [NAME] is our CCO — they still write. There are other teams who will be working under you that we may or may not know yet, but a lot of people are excited to work on your brand."
ISABEL'S POLITE NO + WARM HANDOFF — WHEN A PROSPECT ISN'T A FIT
"Yeah, no. Like, you don't want us — we won't be the right partner for that. But we have a wonderful partner for that, and we can make an intro."
MERANNE'S PERMISSION-TO-DISAGREE FRAME — WHEN A CLIENT'S INTERNAL TEAM IS MISALIGNED
"We have differing opinions here, and let's talk about those."
ANTHONY'S "BRING A GIFT" OPENER — IN ANY ACCOUNT CHECK-IN
"Here's a little nudge on something I've been seeing in [adjacent capability] that might be interesting for you."
KAI'S "WE GO TOGETHER" CLOSE — FOR A PROSPECT WHO GETS YOU
"You like us? We like you. Okay, we go together now."
THE QUOTE
WALL

Pull these out. For your team channel. For your standup. For your own notebook.

"There's no 'no' that I've ever regretted." — Meranne Behrends
"The no builds trust." — Anthony Reeves
"Stop apologizing for my skills, for my agency's size. We have the right to be in the room." — Meranne Behrends
"Fuck the big guys. Let's just really own something and drive it forward." — Anthony Reeves
"From a holdco, the selling is incredible. Within indie, they came in and solved the problem. And the revenue was always there." — Anthony Reeves
"We always say — like, who hurt you?" — Isabel Long
"Every time you meet with the client, bring them a gift." — via Anthony Reeves
"The authenticity isn't the output. The authenticity comes from the input." — Kai Deveraux Lawson
"We're basically a rebellious toddler. Screaming, kicking, punching above our weight." — Kai Deveraux Lawson
"Valerie doesn't have a culture team — but it's the agency I always dreamed of working for." — Katie Walley-Wiegert
"Go outside. Go live life. Go eat food, go touch grass — and bring that insight to the table." — Kai Deveraux Lawson
"When agencies over-diversify and put a capability on the homepage they don't have — it shows up in the work." — Eric Brown
"Our new business lane that performs best is usually our friends from other agencies who are now our clients. It took 10, 15 years to build that." — Roberto Max Salas
THE ACTION
CHECKLIST

Seven concrete moves. Pick one. Put it in motion this week.

  1. Write the 20-second senior-team script for your agency and say it in your next pitch call.

    Haley's exact language is in the Scripts section. Customize once, then say it early, every time. Watch clients write it down.

  2. Apply the "Can we win? / Do we want to win?" filter to every open opportunity in your pipeline right now.

    If you can't answer yes to both, have a different conversation — with the brand or with yourself.

  3. Choose a "gift" to bring to your next three client meetings.

    Not chocolate. One nudge each — an adjacent capability, a piece of category work, a thought from this session. Expand how they see you without selling.

  4. Pick one pitch to say no to this quarter — and hand it to another indie.

    Isabel's rule. Start the indie handoff list if you don't already have one.

  5. Stop rebuilding your pitch approach after every single loss. Track patterns across your last three.

    Daniel's rule. One loss is weather. Three losses in the same direction is signal.

  6. Audit your homepage capabilities against Eric Brown's test.

    For every service listed: do you have the team, the expertise, the experience, and the portfolio to stand behind it? If not, cut it. Cred stack bloat shows up in the work.

  7. Make a list of five former colleagues who are now in-house or client-side — and reach out to one of them this week.

    Not a pitch. Not "just catching up." Genuine presence. The Roberto/Masha rule: friends become clients, but only if you've kept being a friend.

BRING THESE
TO THE FOLLOW-UP

Jot your real answers here. We'll open the live session with them.

What's the pitch loss you're still replaying? Which moment from this session might explain it?
Where are you still apologizing for your size, scope, or seniority? What would it take to stop?
What's the "gift" you could start bringing to every client meeting?
Which client anxiety do you keep trying to "promise the absence of"? What are the exact 20 seconds you'd use to defuse it?
What did you say yes to this year that you should have said no to — and what did it cost you?
On the scalability paradox: how are you answering "can you take something larger?" without apologizing?
Katie's open question — what IS indie culture for your agency? How would you describe it in one sentence, without using the word "family"?
Who are the 10-year friends who should already be in your pipeline? When did you last reach out?
SPEAKER
CREDITS
PART ONE — GHOST OF PITCHES PAST + POKING PROCUREMENT
  • Isabel Long — Chief Growth + Marketing Officer, Highdive (moderator)
  • Haley Hunter — Founder + CCO, Party Land (moderator)
  • Daniel Weiner — Founder, YouShouldTalkTo
  • Meranne Behrends — Co-Founder / CEO, Words From The Woods
  • Anthony Reeves — Author + Executive Consultant
PART TWO — TAP IN, TAP OUT
  • Haley Hunter — Founder + CCO, Party Land (moderator)
  • Kai Deveraux Lawson — Co-Founder + CEO, Valerie
  • Roberto Max Salas — Founder + President, Young Hero
AUDIENCE TAP-INS
  • Katie Walley-Wiegert — Indie Agency News
  • Eric Brown — Blood Sweat and Tears
  • Masha Spaic — Transport (NYC)
THE REST
OF THE WEEK

The Chicago Summit doesn't end when the lights go down. The week of May 18, a 90-minute live conversation for every session — same time every morning, 7am PT / 10am ET. Come to yours. Come to all five.

Session 01 · Your Conversation
Articulating the Indie Advantage
Monday, May 18 · 7am PT / 10am ET
Pitches, procurement, holdco-to-indie culture, the long game of biz dev.
meet.google.com/nwu-pnym-ntz
Session 02
Myth Busters: What CMOs Actually Experience
Tuesday, May 19 · 7am PT / 10am ET
A reality check against every indie talking point, straight from the CMOs.
meet.google.com/qod-bxww-pdj
Session 03
What Marketers Really Want
Wednesday, May 20 · 7am PT / 10am ET
Brand-agency relationships, intimacy, and the growth that actually sticks.
meet.google.com/tpy-eqkg-qrd
Session 04
Where Adland's Placing Its Bets
Thursday, May 21 · 7am PT / 10am ET
M&A, tech stacks, media, and the talent models reshaping the industry.
meet.google.com/zpt-nwpz-yoi
Session 05
Protecting Your Work
Friday, May 22 · 7am PT / 10am ET
IP, legal frameworks, and the influencer economics most agencies are getting wrong.
meet.google.com/tfv-vhoh-wof
THANK YOU
FOR BEING
IN THE ROOM.

This recap is part of the Indie Agency News Blueprint series — the premium content product built from our live events. You were told not to take notes. We meant it.

IAN · BLUEPRINT · SESSION 01
↑ Back to the Hub
INDIES RISING SUMMIT CHICAGO
INDIE
AGENCY NEWS
BLUEPRINT
SESSION 02
MYTH
BUSTERS
WHAT CMOS ACTUALLY EXPERIENCE
IAN LEADERSHIP SUMMIT
CHICAGO · APRIL 15, 2026
TABLE OF
CONTENTS
→ YOUR FOLLOW-UP LIVE CONVERSATION
Tuesday, May 19 · 7am PT
meet.google.com/qod-bxww-pdj
Come with the questions you jot down on the back pages of this recap.
YOU WERE
THERE WHEN…

…Jen Martindale stopped being polite.

Anthony Romano had just asked the panel for a story where an agency pushed a creative idea too far — past the point where conviction became self-interest. Jen didn't blink. She has spent 13 years at Leo Burnett. Her bullshit meter, in her words, is "very dialed in."

"It makes no strategic sense for them to be pushing in this direction. I've gently helped them try to pivot back to the business strategy. They're pushing anyway. And I'm like — they want to win an award for this. And I'm fucking done with that."

Then the actual punchline: "It's just easier to say you're done. We're not going to be working together anymore."

The room held its breath. Four CMOs on stage — all of them with holdco scars, all of them working with indies right now — and every one of them had a version of that story.

THE MYTH, ON TRIAL

The myth that CMOs love agency fire above everything else is true. The footnote is that the wrong kind of fire ends the relationship.

That footnote is the whole session.

Indies spent most of Session 1 saying what makes them different. Session 2 put those talking points on trial.

Anthony Romano moderated a panel of four brand leaders — each with experience working inside holding companies and hiring both kinds of agencies from the brand side. Three movements: Indie Tinder, What Indies Do Better / What Holdcos Do Better, and a live Fictional CMO Sim.

WHO WAS
IN THE ROOM

Four CMOs with holdco scars. One moderator. One audience tap-in for the sim.

MODERATOR
  • Anthony Romano — CEO, Laughlin Constable (Chicago indie)
PANELISTS
  • Jennifer Martindale — EVP, Marketing, Chicago Cubs. Former McCann, 13 years at Leo Burnett. Ran marketing for the New Orleans Saints and Pelicans in the same season before this.
  • Kim DeNapoli — SVP, Head of Brand, Turtle Beach (premium gaming headsets). Agency-side background: Publicis Media, Ogilvy, FCB, GMR.
PANELISTS
  • Russell Barnett — Co-Founder, CMO, Brandstudios.ai. Former CMO of Mochi ice cream, KeVita probiotics, and PopChips. Forbes CMO Next 50.
  • Ashley Findlay — Head of Marketing, Nordic Naturals (#1 Omega-3 in the US). CPG background: Mars, Unilever, Simple Mills.
AUDIENCE TAP-IN
  • Alex Goulart — played the agency leader in the closing CMO sim.
Energy in the room: the greens were loud, the reds were louder. Russell cursed. Jen cursed more. Nobody was polite. Nobody was asked to be.
PART ONE
INDIE TINDER
SWIPING ON REAL VALUE PROPS

The panel was handed six anonymized agency value propositions pulled from real indie websites. Green card = tell me more. Red card = next.

Moment 01 · "We Make Thoughtful, High-Effort Things"

The first prop leaned whimsical — "we make thoughtful, high-effort things for people who appreciate that sort of thing." The room split. Jen went green — "it made me think they were really versatile… and I liked that it didn't use jargon." Ashley and Kim went red.

"Storytelling is definitely part of it. But if you can't get that through-line to actually what it delivers for me in the first — as we know, attention six to eight seconds — you've lost the opportunity." — Kim DeNapoli
  • "We do a lot of things" reads as versatile to one CMO and vague to another. The tie-breaker is whether a reader can answer, in six seconds, what kind of problem you solve for what kind of business.
Moment 02 · "The Agency Your CFO Won't Want You To Break Up With"

Three reds, one green. Russell's red was the loudest: "I don't know how you prove this one. It sounds like you're selling pricing, not solutions. If I'm selling cheap to my CFO, I'm doing a disservice to the organization."

Ashley's green was the cleanest defense of the pro-CFO frame: "The agencies I've worked the best with have that understanding of how to get things done within the organization. They're not this kind of separate entity of 'we're just coming up with cool creative ideas — you figure out how to bring it to life.'"

  • "Marketing ROI" as positioning reads as either maturity or cowardice depending on the CMO. The delta is whether it feels like financial literacy (Ashley) or discounting your own value (Russell).
  • Procurement-friendly positioning is a feature until it becomes your only feature.
Moment 03 · "The Insights-To-Action Agency"
Four greens. Cleanest score of the session.

The prop: "We are the insights-to-action agency, experts at mid-to-bottom funnel marketing… hungry for unruly paths with POVs that are hard-won."

"Insights I think are huge. Why I think the bigger holding companies are attractive is because of the data and insight and the large volume of information they have. But the fact that you're starting with 'every good idea is powered by the right insights' has me interested." — Kim DeNapoli
  • Specificity is a position, even if it narrows you. "Mid-to-bottom funnel" cost this agency zero green cards. It probably gains them the pitches where that's the actual problem.
  • If you write a throwaway sentence at the end, CMOs will throw it away. They also noticed.
Moment 04 · "Advertising Sucks"
Self-deprecation as positioning. The room turned on it.

The prop was a picture — big "advertising sucks" headline, tagline underneath about "building narrative worlds behind modern brands."

"If I see 'advertising sucks' one more time — stop bashing yourselves. It's what you do. A lot of advertising's shitty, but don't go make shitty ads and own that. That's on you." — Russell Barnett

"I'm sorry, but 'narrative worlds' gave me an eye roll. What the fuck is that? I literally don't know what it means. I could guess — but don't make me guess." — Jen Martindale

  • Self-deprecating hero copy reads as you admitting you're part of the problem. Every CMO has paid for bad advertising. They don't need the vendor confirming their suspicion.
  • Abstract noun phrases ("narrative worlds," "branded ecosystems," "cultural architecture") are a guessing game you make the CMO play. If they have to guess, you lost the pitch.
Moment 05 · "Brand Experiences That Make It Personal"

Dense, jargony, strategic-intelligence-and-connected-experiences copy. Four reds. Kim: "this could be any agency." Ashley: "it felt like it could have been an AI-written phrase."

"You're lost in it. It just doesn't give me a strong point of view. As an indie, you have such ability where holdcos can't — they have to be generic. They have to live in a closed-loop system. You as independents have the authority to go out and be different." — Russell Barnett

"You have to know who you are. What is your DNA? I picked our last agency because they knew who they were. And then in that second layer, it's 'here's what we're good at solving for you.'" — Ashley Findlay

  • Generic is the only unforgivable sin. Every other flaw on this panel earned mixed reactions. Generic earned four reds.
  • DNA first. Capability second. Without the first layer, the second doesn't land.
Moment 06 · "Feel It Or Forget It"
Four greens. Highest score of the Tinder segment.

Long, bold prop — "in a world drowning in algorithmic slop, the only thing that breaks through is a brand that makes people give a damn… one of the rare women-owned creative agencies, less than 1% in the field."

"It's so clear what the point of view of this agency is and how they approach doing their work. Even if I don't necessarily understand the how, the what, I'm really intrigued by the fact that they have a clear POV on how to solve business problems." — Jen Martindale
  • A sharp POV + a credential a holdco can't fake (women-owned, <1% of the field) + a specific anti-enemy (algorithmic slop) = a green card from every CMO in the room. That's the formula for the sharpest positioning of the day.
Moment 07 · "The Best Advertising Invites You In"

Hybrid creative-plus-production shop, flexible teams, "no handoffs," "advertising your customers actually enjoy." Four greens — but with a genuine critique.

"I don't know if I need to enjoy the advertising. Is the job enjoyment? Some of the best advertising is completely controversial. I'm not there to be entertained." — Russell Barnett

Jen caught the double meaning in "invite you in" that saved it: "I actually took the 'invite you in' as a double entendre. It's inviting the consumer — but I also thought about it as they are very collaborative, and they invite their clients into the process. In-house teams and agencies are going to be a competitor for everyone in this room."

  • "Enjoy" is a landmine word. CMOs don't hire you for enjoyment. They hire you for results. If you mean collaborative, say collaborative.
  • The in-house team is now inside every indie's sales conversation. Position your collaboration with it explicitly — because if you don't, the CMO is worrying about it silently.
PART TWO
WHAT INDIES
ACTUALLY DO BETTER
(AND DON'T)

A stop-start audit of behaviors, not infrastructure. Before the panel would grant indies a single win, Anthony asked: what's the most frustrating thing agencies — any agencies — keep doing?

Moment 08 · Jen's "I Hit Delete"
"I'm constantly getting inbound from agencies and consultancies who think they have something to offer the Cubs. If you spent 15 minutes Googling or on ChatGPT and understanding how we make money — you would never say some of the things you're saying. I hit delete on every single one of them." — Jen Martindale
  • Fifteen minutes of ChatGPT separates a delete from a reply. That's the actual floor of cold outbound quality in 2026. Everything above it is bonus.
  • Your cold outreach is being read by someone who used to work agency-side. They know the template when they see it.
Moment 09 · "It's The Hustle" (What Indies Do Better)

Kim named the single behavior every indie should bank on: "Speed and the lean-in and the hustle. You don't always get that from a bigger holding company. You get real razzle-dazzled with a holdco. And then it comes to actually trying to get speed to market, and it's challenging."

  • Speed is table stakes only if you actually deliver it. The panel assumes indie speed until proven otherwise. Blowing a turnaround as an indie doesn't mean you were slow — it means you were the slow indie, which is worse.
Moment 10 · "The A-Team Is Actually On My Business"

Ashley's version of what indies do better was quieter and harder to replicate:

"When it's working with an independent — the team feels truly integrated, and you have the best of the best working on your business. You're like 'yes, I have the A-team, these people are happy in their jobs, and they're giving me incredible work that collectively we wouldn't have gotten to independently.'" — Ashley Findlay

The contrast she named — the "finance tax" on holdco relationships: "I've been at holding companies where every time we do something slightly out of scope, I'm having to have a conversation about finances. That just kills the momentum on the business."

  • The holdco's financial machine is a feature from the CFO's seat and a tax from the CMO's seat. Indies win by absorbing the small out-of-scope moment without flagging it.
Moment 11 · "The Challenge Is Continuity"

Russell gave the panel's sharpest indie critique. He prefers to work CD-to-CMO, direct line, no account layer. When that works, indies are unbeatable. When it breaks:

"The challenge with the independents is continuity on the people. You can scale up, scale down, go left, go right. What that tends to mean is you're bringing people in and out, and now training people over and over again. Training is a cost center to me." — Russell Barnett
  • The thing indies sell ("senior, direct, flexible") is the same thing that makes their staffing look unstable from the client seat. Every scale-up reads as "new person to train."
  • This is Session 1's Scalability Paradox, said from the other side of the table. Indies see flexibility. CMOs see churn.
Moment 12 · "The Holdco Is A Machine"

Kim's fair credit to holdcos was specific: "When you're in a pitch with a big holding company, they're great because they're a damn machine. They know what they're doing. They have their dossiers on everyone in the room, and it's very formulaic."

Then the tactical counter: "The good part about the machine also can be an opportunity for you to think about how to outsmart what that machine would deliver. How can you nail that to make sure it feels personal?"

  • Indies don't out-resource a holdco pitch. They out-read the room. Holdcos can't customize in real time because their pitch is scripted. Indies can — but only if they've actually read the room.
Moment 13 · "I Only Want The Working Team In The Pitch"

Ashley gave the single cleanest indie differentiator of the session. This is the one to steal:

"One of my biggest frustrations is when you get pitched this fantastic plan and then the actual team that comes in to deliver just under-delivers. So I actually only want the working team to be in the pitch. I don't want a pitch team. That's another way you guys can differentiate: we don't have a pitch team." — Ashley Findlay
  • "We don't have a pitch team" is a positioning statement. It's the flip side of Session 1's "Promise the Absence of a Negative." Isabel's version was "this leadership group will work on your brand." Ashley's version: "the people you met are the people you get."
Moment 14 · "Fire Over Heart" (With A Huge Caveat)

Anthony gave the panel a choice: fire (push the work with conviction, sometimes over the relationship) or heart (EQ, alignment, relationship-first). All four CMOs chose fire. Unanimously. But every answer came with a qualifier.

Ashley: "You're hiring an external partner to challenge you. We want that partner to get us to a different place than we would have otherwise."

Russell: "It's my job internally to clear the way for an agency to do exceptional work… if you can bring me fire that creates value, we're all in."

Kim: "If you can bring the strategy with the fire, now you know you're getting what you need."

Jen: "It's fire. But it's fire that has to come with mutual trust, and a really deep understanding of the business."

  • The indie "we're fire" pitch isn't wrong. It's just incomplete. Fire without strategy, trust, or business understanding reads as recklessness, self-interest, or award-chasing.
  • Fire is table stakes. The differentiator is what the fire is in service of.
Moment 15 · "The Award-Chasing Tell"

Jen's story about the holdco that wouldn't let go of an idea was the sharpest tension moment of the session:

"I've gently helped them try to pivot back to the business strategy. They're pushing anyway. They want to win an award for this. I would love to win an award too. But when you're getting pressure from the CCO of the worldwide holding company to improve the quality of work on this particular account, and it's clouding your judgment on the right thing to do for my business — I'm going to sniff it immediately." — Jen Martindale

Ashley stacked on it: "We're not getting what we want from the brand team — let's go above their heads and pitch the idea to someone else. That's when it really kills the relationship."

  • CMOs who came from the agency side can smell award-chasing from the other end of the table. Every indie that thinks they're pushing for the right creative reason should run the check: am I fighting for the brand, or am I fighting for the case study?
Moment 16 · "Stop Talking About Speed"

The closing round — start/stop advice for indies. Russell's stop was the best line in the session:

"Stop talking about speed. Everybody can do things fast now. There's no value in speed anymore. If you can create speed with continuity, if you can create speed with connectivity in a way that others can't — that gets really interesting. But speed alone, everybody can do it." — Russell Barnett

Kim's close, a restatement of "Know Who You Are": "Stop trying to do everything. Don't chase after every new business. If you know who you are and you can find that intersectionality with what the client needs, you're set up for success."

  • Speed has been commoditized. In 2026, "we move fast" is the equivalent of "full-service agency" in 2005.
  • The next version of indie positioning is speed-plus-something: continuity, connectivity, insight, taste. Pick one.
THE MOMENT
THE ROOM GOT
UNCOMFORTABLE

The CMO sim did something the rest of the session couldn't: it made the panel critique a real agency interaction in real time.

Jen played a nervous CMO who'd slept on a bold creative direction and wanted to pull back before a meeting with her CEO. Alex Goulart, from the audience, played the agency leader. He was warm. He listened. He offered to pivot. He protected the long-term relationship. The panel's verdict was polite. Also, pointed.

"I had a great boss once who said great ideas should scare you. And I kind of wanted you to challenge her a little more — what is it about the strategy that we need to bolster to get us to be in that scared-excited space? Because it felt like she was coming from a real place of safety. That's the role of the partner — to push out of that." — Jen Martindale

The uncomfortable truth the sim surfaced: When a CMO gets cold feet on the work, the agency's instinct is to protect the relationship by softening the ask. That instinct is wrong. Every CMO on the panel — the same four who had unanimously chosen fire over heart — said the agency should have pushed harder, not softer.

THE CMO'S NERVES WERE THE SIGNAL THE WORK WAS DOING ITS JOB.

Worth bringing to the follow-up session: where's the line between "reading the room" (good) and "letting the CMO's anxiety kill the work" (bad)?

ROOM
VOCABULARY

Concepts Session 2 named. Use the language — it's cleaner than your current one.

TermWho Named ItWhat It Means
Indie TinderAnthony RomanoLive audit of agency value props with no names attached. If your prop can't get a green card from a CMO who's never heard of you, it's not doing its job.
The Bullshit MeterJen MartindaleEvery CMO who came up agency-side has one. Calibrated to award-chasing, template pitches, cold outreach, and jargon.
The Fire MeterAnthonyCMOs want fire over heart. But fire = conviction on work, in service of business strategy, with mutual trust. Anything else reads as recklessness.
The Pitch Team ProblemAshley FindlayThe specialized team that pitches the account is not the team that runs it. "We don't have a pitch team" is a positioning statement.
The Financial TaxAshleyThe implicit cost of a holdco relationship — every out-of-scope moment triggers a finance conversation. Indies win by absorbing it.
The Razzle DazzleKim DeNapoliThe holdco pitch polish that doesn't translate into post-signing speed. The promised data takes months to unlock.
The Continuity GapRussell BarnettThe indie flex ("scale up, scale down") that reads from the client seat as constant training of new people.
Speed Has Been CommoditizedRussell"We move fast" is now the 2026 version of "full-service agency." Speed-plus-something is the next positioning.
The Award-Chasing TellJenThe moment a CCO overrides brand strategy to push an idea toward a case study. CMOs from the agency side spot it immediately.
The 15-Minute RuleJen (implied)The floor of cold outbound quality: 15 minutes of ChatGPT or Googling on the brand's business model. Below this floor, you get deleted.
EXACT
LANGUAGE

Steal these verbatim. Scripts you can lift straight from this session.

WHEN A CMO ASKS "CAN YOU SCALE?" — RUSSELL'S SPEED + CONNECTIVITY PLAY
"Everyone can move fast in 2026. What we can do that most shops can't is keep the same senior team in the room from pitch through execution. That's what 'fast' actually means for us: not just quick turns, but no handoffs and no retraining mid-project."
HOW TO POSITION AGAINST THE HOLDCO PITCH MACHINE — ASHLEY'S WORKING-TEAM FRAME
"We don't have a pitch team. The people in this room today are the people who will run your account. If that changes at any point, it changes because you've asked for it — not because we rotated staff."
WHEN A CMO GETS COLD FEET ON BOLD CREATIVE — KIM + JEN'S POST-SIM CHALLENGE
"Before we pivot — do you love the work? If the strategy is there and the tonality is the issue, we can solve tonality. What would it take to get you and your CEO into the scared-excited zone on this, instead of pulling it back to safe?"
BEFORE ANY COLD OUTBOUND — JEN'S 15-MINUTE RULE, INVERTED
"Have I spent 15 minutes on how this company actually makes money — not what they say on their About page, but the real revenue streams — before I hit send? If no: don't send."
WHEN A CAPABILITY ISN'T YOUR WHEELHOUSE BUT THE CLIENT ASKS — RUSSELL'S HONEST STRETCH
"This isn't our core wheelhouse, but here's an insight we have, and here's how we think we could bring it to life. Give us the opportunity, and we'll be clear the whole way about where we're learning."
THE QUOTE
WALL

Pull these out. For your team channel. For your Monday standup. For your own notebook.

"They want to fucking win an award for this campaign. I'm done with that." — Jen Martindale
"Stop talking about speed. There's no value in speed anymore." — Russell Barnett
"I don't want a pitch team. The people in this room are the people who will run your account." — Ashley Findlay
"Great ideas should scare you." — Jen Martindale, quoting a former boss
"If I see 'advertising sucks' one more time — stop bashing yourselves. It's what you do." — Russell Barnett
"'Narrative worlds' gave me an eye roll. What the fuck is that?" — Jen Martindale
"I hit delete on every single one of them." — Jen Martindale, on cold outbound
"It's my job to clear the way for an agency to do exceptional work. Bring me fire that creates value — we're all in." — Russell Barnett
"The razzle-dazzle is great. Then it comes to actually get speed to market, and it's challenging." — Kim DeNapoli
THE ACTION
CHECKLIST

Thirteen concrete moves. Pick one. Put it in motion this week.

  1. Hold up a red card or a green card to your own homepage value prop.

    Read it out loud. Six seconds. If a CMO who's never heard of you can't name what you solve and for whom, rewrite it. Kim's filter: can I get past the first sentence?

  2. Delete the phrase "we move fast" from your pitch deck this week.

    Russell's rule. Everyone moves fast. Replace with speed-plus-something: speed + continuity, speed + insight, speed + taste. Pick one.

  3. Audit your last three cold outbound emails against the 15-minute rule.

    Did you spend 15 minutes understanding the brand's revenue model before you sent? If not, rewrite them.

  4. Write the "no pitch team" line into your next pitch.

    Ashley's tell. Literally say out loud: "The people in this room today are the people who will run your account." Then design your staffing so it's true.

  5. Retire one jargon phrase from your agency's marketing this quarter.

    "Narrative worlds." "Brand ecosystems." "Connected experiences." Pick the one you lean on hardest. Replace it with a concrete verb.

  6. Replace "advertising sucks" or any self-deprecating hero copy.

    Russell's stop. If the lead idea on your site is that your industry is broken, you're telling CMOs you're part of the problem.

  7. Name your DNA in one sentence — before you name your capabilities.

    Ashley's formula: DNA first, capability second. "We are [DNA]. We do [capabilities] in service of it."

  8. Run the award-chase self-check on your current lead creative project.

    Jen's test: am I pushing this because it's right for the brand, or because it's right for a case study? If you can't answer immediately, the CMO already has.

  9. Pick one CMO on your account list and send them a note that doesn't ask for anything.

    Ashley's "integrated team" frame. The indies she loves didn't earn it by pitching. They earned it by being present without a scope in their hand.

  10. Take the "great ideas should scare you" test to your next internal creative review.

    If nothing in your deck makes anyone in the room nervous, you're not pushing hard enough. Jen's boss's rule.

  11. If work is ever about to die from client cold feet, ask: "do you love the work?"

    Kim's exact move from the sim critique. Don't pivot to softer until you've confirmed the problem is the work itself — not the nerves.

  12. Audit your staffing plan against Russell's continuity critique.

    For every account: how many different people has the client been introduced to in the last 12 months? If the number is climbing, you're eating the training cost.

  13. Build a list of five capabilities you will not take on this year.

    Kim's closing. You can't do everything. Naming what you won't do is the same move as defining what you will.

BRING THESE
TO THE FOLLOW-UP

Jot your real answers here. We'll open the live session with them.

Which of your current value prop's sentences would get a red card from a CMO? What's the six-second version?
What's the "narrative worlds" jargon phrase your agency leans on that you're going to retire?
When did you last pitch speed as your differentiator? What would speed + _____ look like for you instead?
Think about your last loss. Were you pitching the working team, or a pitch team? How would the client have known the difference?
Where are you chasing an award (or a reputation, or a case study) on current client work — and what's it costing the brief?
When a client last got cold feet on bold work — did you push harder or softer? What would Jen's boss have said ("great ideas should scare you") in that moment?
How many different people has your biggest client been introduced to in the last 12 months? Is that flexibility or is it the Continuity Gap?
SPEAKER
CREDITS
MODERATOR
  • Anthony Romano — CEO, Laughlin Constable
PANELISTS
  • Jennifer Martindale — EVP, Marketing, Chicago Cubs
  • Kim DeNapoli — SVP, Head of Brand, Turtle Beach
PANELISTS
  • Russell Barnett — Co-Founder, CMO, Brandstudios.ai / former CMO Mochi, KeVita, PopChips
  • Ashley Findlay — Head of Marketing, Nordic Naturals
CMO SIM VOLUNTEER
  • Alex Goulart — audience tap-in, played the agency lead
THE REST
OF THE WEEK

The Chicago Summit doesn't end when the lights go down. The week of May 18, a 90-minute live conversation for every session — same time every morning, 7am PT / 10am ET. Come to yours. Come to all five.

Session 01
Articulating the Indie Advantage
Monday, May 18 · 7am PT / 10am ET
Pitches, procurement, holdco-to-indie culture, the long game of biz dev.
meet.google.com/nwu-pnym-ntz
Session 02 · Your Conversation
Myth Busters: What CMOs Actually Experience
Tuesday, May 19 · 7am PT / 10am ET
A reality check against every indie talking point, straight from the CMOs.
meet.google.com/qod-bxww-pdj
Session 03
What Marketers Really Want
Wednesday, May 20 · 7am PT / 10am ET
Brand-agency relationships, intimacy, and the growth that actually sticks.
meet.google.com/tpy-eqkg-qrd
Session 04
Where Adland's Placing Its Bets
Thursday, May 21 · 7am PT / 10am ET
M&A, tech stacks, media, and the talent models reshaping the industry.
meet.google.com/zpt-nwpz-yoi
Session 05
Protecting Your Work
Friday, May 22 · 7am PT / 10am ET
IP, legal frameworks, and the influencer economics most agencies are getting wrong.
meet.google.com/tfv-vhoh-wof
THANK YOU
FOR BEING
IN THE ROOM.

This recap is part of the Indie Agency News Blueprint series — the premium content product built from our live events. You were told not to take notes. We meant it.

IAN · BLUEPRINT · SESSION 02
↑ Back to the Hub
INDIES RISING SUMMIT CHICAGO
INDIE
AGENCY NEWS
BLUEPRINT
SESSION 03
WHAT
MARKETERS
REALLY WANT
IAN LEADERSHIP SUMMIT
CHICAGO · APRIL 15, 2026
TABLE OF
CONTENTS
→ YOUR FOLLOW-UP LIVE CONVERSATION
Wednesday, May 20 · 7am PT
meet.google.com/tpy-eqkg-qrd
Come with the questions you jot down on the back pages of this recap.
YOU WERE
THERE WHEN…

…Myra admitted out loud that she hadn't fired an agency she probably should have fired.

It was mid-panel. Jonathan was asking about the "D word" — divorce. When does an agency-client relationship break? Myra — brand side at Fortune Brands now, 15+ years as a creative before that — took a breath and just said it.

"We were working together, and the team that initially won the business left the company. And as hard as we tried, I don't think we ever filled their shoes in a way that was as good as what you bought. And that was uncomfortable. I probably should have just been like — it's time to fire us."

She laughed. Jonathan laughed. The room didn't laugh — it leaned in. Because every founder in the room had lived the other side of that sentence: holding on too long, hoping the team could be rebuilt, watching a great client drift because the people who'd won the business were gone and the agency never had the uncomfortable conversation.

THE WHOLE SESSION IN ONE ADMISSION

Clients don't leave because the work went bad. They leave because nobody had the hard talk when the team changed.

If you only took one thing out of Session 3, take that.

Marketing panels usually end with a polite "communication is key" and everyone goes to drinks. Session 3 refused to do that. Jonathan King put two senior marketers on stage and framed the whole conversation as a love story — first date, DTR, scope as prenup, the six-month check-in, fighting, keeping the spice, divorce, dating again. The frame let everyone drop the professional armor.

The question underneath it: what do brand-side marketers actually want from their agency partners — at every stage of the relationship — that agencies keep getting wrong?

WHO WAS IN
THE ROOM
WITH YOU

Two senior brand-side marketers. One indie moderator nine months into a relationship with one of them. No sugar coating.

MODERATOR
  • Jonathan King — Head of Growth, Quality Meats. Nine months deep into a relationship with Myra's team and not pretending otherwise on stage.
BRAND-SIDE PANELISTS
  • Myra Nussbaum — VP, Global Brand — Moen & House of Rohl (Fortune Brands Innovations). Eleven months brand-side. Spent the previous two decades on the creative side — art director, Creative Director, up the ladder to CCO and President. Translates both directions.
  • Anup Shah — Chief Operating Officer & General Manager, PLEZi Nutrition. Twenty years prior in marketing roles at Pepsi and MillerCoors. Bigger-brand operator with indie-scale empathy.
Energy in the room: disarming. Jonathan set the ground rule in the first 90 seconds — "no sugar coating, be real, we're not gonna offend each other" — and both panelists took him up on it. Myra used therapy language on stage. Anup kept pulling the conversation back to business outcomes. It was the session where marketers stopped performing "client" and started being people.
PART ONE
THE FIRST DATE
+ THE DTR

Jonathan took the room through the opening arc of an agency-client love story — green flags, red flags, what pulls brand-side to indies, and the foundational fight over whether a scope of work is a prenup or a trap.

Moment 01 · Green Flags On The First Date

Anup's green flag: curiosity about the business, not the brief — distribution, CEO pressure, sales. Myra's green flag came from a different angle entirely — LinkedIn as dating app.

"I like to see a green flag that an agency has thought leadership — like they're posting on LinkedIn. I can kind of see the way their brain works before we even get in a room together. You're not suddenly surprised they don't look like their picture." — Myra Nussbaum
  • Green flag #1 (Anup): Curiosity about the business, not the brief. Ask about distribution and CEO pressure before you ask about the creative ask.
  • Green flag #2 (Myra): Consistent presence before the meeting. Dormant LinkedIn + charm offensive in the pitch = "they don't look like their picture."
Moment 02 · Red Flags On The First Date

Anup listed three red flags: misrepresenting who you are, over-indexing on beautiful creative versus business outcomes, and chronic people-pleasing.

"If you come in and are seen as a people pleaser, that's a red flag for me." — Anup Shah
  • The three red flags: inauthenticity, reel-over-results, and chronic people-pleasing.
  • "People-pleaser" landed hardest in the room. The indie urge to say yes to everything in the first meeting is the same urge that makes a client lose respect for you by meeting three.
Moment 03 · What Pulls Them To Indies
Founder presence in the work — not in the pitch.

Myra, on the pull of founders: "You have someone that — their blood, sweat and tears are literally in it, as opposed to someone who's just doing it as a job. I want to work with the people that have a lot invested in it."

"I love working with indies, because I know the person who's doing the pitch is also in the work, and they're all throughout and shaping it and in the meetings." — Anup Shah
  • The indie advantage brand-side clients actually buy is founder presence in the work — not the pitch. The founder being visible and billable after the contract is signed.
  • Press matters — but only the right kind of press. Neither panelist mentioned a Cannes Lion. Both mentioned indies "punching above their weight class" with emerging brands.
Moment 04 · The Prenup Fight
Two senior marketers. Opposite philosophies on scope.

Anup, the operator: "Clarity on the problem you're solving for. Clarity on the actual deliverables — what's in, what's out. And clarity on staffing. Those are the three things I'd look for in the scope."

"I hate scopes of work. Agencies feel the pressure to hit a number by putting head counts against that. No prenup. I'm going in full trust. We're sharing a bank account, the whole deal." — Myra Nussbaum
  • Two senior marketers. One panel. Opposite philosophies on the foundational document of the agency relationship. Save this one for the follow-up.
  • The Myra read: over-specified scopes push agencies into staffing theater.
  • The Anup read: without the three clarities, you can't argue about what was never agreed to.
Moment 05 · The 50% Performance Scope Question

Jonathan pulled an audience question: what if an agency offered to tie 50% of its scope to business results? Both panelists killed it on the spot.

Myra: "I think it's crazy, and do not do that. 50% is way too high. Even the best work — it's the 1984 Apple ad — it may not work. But I do like a strong KPI discussion."

Anup: "I love the intent. I'd get worried about whether the actual measures of success are directly linked to the work, and does it incentivize bad behavior like short-termism?"

  • The instinct that performance-based pricing proves agency confidence? Read the room. Senior marketers hear it as either naïve or manipulative.
  • What they do want: a strong KPI discussion. Not a pay-for-performance contract.
PART TWO
SIX MONTHS IN
+ THE LONG HAUL

From the six-month check-in through fighting, keeping the spice, divorce, and dating again. The panel got specific about the moves senior marketers wish agencies would just make.

Moment 06 · Texting Is The Unsexy Innovation

Jonathan asked how they want to communicate day-to-day. Both panelists said text message before he finished the question.

"Informal, frequent. If you have good trust relationships, you're texting back and forth. The more often you can connect and make sure you're on the same page, the better end product you'll get." — Anup Shah

Myra added a tier of counsel: give creatives the ability to connect with clients directly — and check in when they go quiet.

  • Text is the default. Everything else is scheduling theater.
  • When a client goes quiet, ask. Silence is rarely about you — it's about pressure you don't see. The quick-check-in text is the free move every agency is leaving on the table.
Moment 07 · "This Is The Best Meeting Of Our Week"

Myra's 11-month reversal, the sentence she wants on a t-shirt for every brand manager she ever worked with:

"When they tell you, 'This is the best meeting of our week,' they're not fucking with you. It IS the best meeting. The pressures are intense." — Myra Nussbaum
  • Your client status meeting may actually be the best hour of their week. Act like it. No phone-checking, no half-cooked deck, no rushed debrief.
  • Until you sit in the seat, you don't know what the seat costs. Treat every client call like the only room they'll be excited to walk into that day.
Moment 08 · Every Other Function Is A Closet Marketer

Myra's first-weeks anecdote at Fortune Brands — a senior leader said "I don't really get what you do" to her face. Her follow-up point about selling marketing inside a large company:

"I've been priming and prepping and hyping this campaign with sales teams, engineers, F, P and A — groups I didn't even know existed. Even asking your client, 'How can I help you sell this in to the organization? A sizzle video?' — would be great." — Myra Nussbaum

Anup echoed it: "Every other function — they're closet marketers. The more you can come back and help your brand teams with data around why this is going to work with a consumer, the more effective they're going to be selling it in."

  • Your client is not the only approver. They're the lead vote in a 40-person jury. Sales, engineering, FP&A, the CFO — everyone has an opinion.
  • The "sell-through kit" is the unbuilt indie deliverable. Sizzle, one-pager, internal deck. Build it without being asked.
Moment 09 · The Room Where The Work Dies

Jonathan asked the hardest question of the session — how agencies should help navigate the corporate hierarchy when their day-to-day contact reports up to a CMO they've never met.

"When work gets killed, it's usually not because the work wasn't good. It was because of misalignment on the problem, or misalignment on what we're trying to achieve." — Anup Shah

Myra's tactic: spend time on the strategy and work the strategic idea, then encourage your client — if they're comfortable with the President or CEO — to go sell in the strategy before you get to the campaign. "Pre-selling on both sides is really, really effective."

  • Killed work is almost never a craft problem. It's a pre-sell problem.
  • Two-sided pre-selling is the move: agency helps client pre-sell strategy up the chain. Agency pre-sells the client internally. Nobody should be surprised in the final room.
Moment 10 · "You Were A Stepford Wife In There"

Jonathan moved to fighting. Myra told an agency-side story from 15 years ago — a new CCO forced her to bring in award-chasing work to a longtime client she knew would hate it. After the meeting, the client called:

"'So what was that? I feel like you were a Stepford wife in there. I didn't recognize you.' You don't want to make your spats at the dinner party. You got to call them and have it out." — Myra Nussbaum

Anup, same frame: "Be honest, be direct, but don't let issues fester. When client-agency issues arise, it's because there's a small problem that gets to be a big problem later."

  • Never fight in front of the client's team. Always fight with the client. Junior people in the room turn a disagreement into instability. Take it offline, take it fast.
  • "You don't have that pressure" is Myra's biggest indie argument. Award-chasing work inside a holdco is institutional. Indies get to skip it. Do skip it.
Moment 11 · Trust vs. Complacency

Year two, year three — how do you keep it fresh without faking urgency?

"There's a fine line between trust and complacency. You want to have trust, but you don't want to get so comfortable you become complacent." — Anup Shah

Myra: "Try something new. Don't try to be everything to everyone. Focus on earned media, big brand ideas, PR… Then pitch provocatively. If you know your client's business, offer up, 'Let us take a shot at this.' Even without budget, pitch it."

  • Trust is the relationship. Complacency is the illness trust catches.
  • Stay in your specialty; expand in your provocation. The agency that pitches an unsolicited idea quarterly earns its renewal before the renewal conversation starts.
Moment 12 · Honeymoon, Forever

Myra name-checked a PR agency whose whole brand is built on the trust-vs-complacency problem:

"There's a newer agency — a PR agency called Honeymoon. They're built on that premise of always keeping it in the honeymoon phase. You shouldn't be preoccupied about it. It should feel fairly natural to want to keep it fresh." — Myra Nussbaum

Anup added the other half: "It's on the brand team to also just push — push the agency to keep it fresh. It's a two-way street."

  • "Keep it fresh" is a mutual responsibility — but only one side is worrying about it. If your client isn't asking you to be provocative, bring it anyway.
  • Name the stage you're in out loud: honeymoon, stable, stale.
Moment 13 · The Divorce Nobody Called

Jonathan moved to the D-word. Myra made the admission that became the cold open — the team that won the business left, and she probably should have said "fire us." Anup connected it to a broader pattern:

"Where we've had agencies that weren't working out is because you had so much turnover at the senior and junior level. The agency wasn't as forthright about the issues, and that led to a breakup. A lot of that can be overcome with just good communication." — Anup Shah
  • Most agency-client breakups are team-departure problems the agency didn't name early enough.
  • The counter-intuitive indie move: when you lose a senior lead, brief the client within 48 hours, not the first status meeting three weeks later.
  • And the reverse move: when the client loses a senior lead and puts a weaker person on your account, tell the CMO.
Moment 14 · Dating Again: How To Actually Get The First Meeting

Jonathan's final question — for every indie still trying to get the first date with a bigger brand, what breaks through?

"My inbox — I have to have AI, custom GPTs to kick out all the AI sales pitches. Honeymoon came from a referral — a guy pitched it on LinkedIn. Good pitch line, the deck told the story clearly. Make it hooky. Make your packaging as provocative and interesting as the work you do." — Myra Nussbaum

Anup: "Speak the language of business. The more you can tie the work you do to measurable business outcomes, the more you'll get clients to really be interested."

  • Cold outreach isn't dead — but AI-generated outreach killed 95% of it. The ones that cut through: referral + LinkedIn note + tight deck.
  • Brand yourself like a client. If your own packaging is worse than the work you're pitching, the client already has your answer.
THE MOMENT
THE ROOM GOT
UNCOMFORTABLE

Real disagreement came early, during the DTR/scope question — between Anup and Myra.

Anup wanted the prenup detailed: "Clarity on the problem, clarity on the deliverables, clarity on staffing."

"I hate scopes of work. Agencies feel the pressure to hit a number by putting headcounts against that. I'm going in full trust. We're sharing a bank account, the whole deal." — Myra Nussbaum

That's uncomfortable because agencies build their entire commercial practice around what Anup said — and half their clients are running Myra's mental model in parallel. An indie that defaults to Anup's framework without asking will feel bureaucratic to a Myra. An indie that defaults to Myra's without asking will get into the six-month fight that Anup was trying to prevent.

ASK IN MEETING ONE — MAYRA OR ANUB? BUILD THE DOC TO MATCH.

Worth bringing to the follow-up: what's the first-meeting question you can ask a brand-side client to surface whether they're a Myra or an Anup?

ROOM
VOCABULARY

The named concepts Session 3 gave the IAN community. Now shared shorthand — use them.

TermWho Named ItWhat It Means
The Love Cycle FrameJonathanFirst date → DTR → prenup → six-month check-in → fighting → keeping spice → divorce → dating again. Name the stage you're in.
LinkedIn Is The Dating AppMyraYour thought-leadership presence is the pre-date swipe. Online self and in-person self have to match.
Closet MarketersAnupEvery non-marketing function has a marketing opinion. Your client sells to all of them. Arm her accordingly.
Stepford Wife PresentationMyraThe pitch you deliver because your agency made you, not because you believe it. Kills trust.
Pre-Selling On Both SidesMyraAgency pre-sells strategy up the client's ladder. Agency pre-sells client internally. Nobody should be surprised.
Trust vs. ComplacencyAnupYear-two killer. Trust built in year one becomes complacency if nobody is keeping the work provocative.
The Honeymoon ProblemMyraKeeping a mature relationship in the honeymoon phase is both sides' job — usually only the agency worries.
Fire UsMyraThe admission a client almost never makes out loud. The agency that earns the right to say it first wins the next pitch.
Green Flag: Business CuriosityAnupAsk about distribution and CEO pressure before you ask about the creative ask.
Red Flag: People-PleaserAnupSaying yes to everything in meeting one loses respect by meeting three.
The Sell-Through KitMyra (extrapolated)Sizzle, one-pager, internal deck. The unbuilt indie deliverable. Make it without being asked.
The 48-Hour Departure AlertAnup (extrapolated)When senior people roll off, the client hears from you first — names, backgrounds, handoff plan.
Pitch ProvocativelyMyraUnsolicited, no-budget, quarterly. Trust-vs-complacency defense.
EXACT
LANGUAGE

Steal these verbatim. Words picked on stage for a reason.

THE GREEN-FLAG OPENING QUESTION — ASK THE CLIENT BEFORE THE BRIEF
"Before we get into the creative brief, I want to understand the business. What's going on with your sales, with distribution, what's keeping the CEO up at night?"
THE QUIET-WEEK CHECK-IN TEXT — MAYRA'S FREE MOVE
"Haven't heard from you in a few days. How's it going? How can we help?"
THE SELL-THROUGH OFFER — MAYRA
"How can I help you sell this in to the organization? What would be beneficial — a sizzle video, a one-pager, an internal deck?"
THE HARD-FIGHT OPENER — MAYRA (IMPLIED)
"That didn't feel right in there. Let's get a coffee and talk about it — just the two of us. Not in the group."
THE TEAM-CHANGE EARLY-WARNING — FROM ANUB'S "FORTHRIGHT ABOUT THE ISSUES"
"Two senior people are rolling off your account in the next 60 days. Here's who we're bringing in, here's their background, here's how we're handing off. I wanted you to hear it from me first."
THE QUOTE
WALL

Pull these out. For your team channel. For your standup. For your own notebook.

"I'm going in full trust. We're sharing a bank account, the whole deal." — Myra Nussbaum
"When they tell you, 'This is the best meeting of our week,' they're not fucking with you. It IS the best meeting." — Myra Nussbaum
"You don't want to make your spats at the dinner party. You got to call them and have it out." — Myra Nussbaum
"I probably should have just been like — it's time to fire us." — Myra Nussbaum
"If you come in and are seen as a people pleaser, that's a red flag for me." — Anup Shah
"When work gets killed, it's usually not because the work wasn't good. It was because of misalignment on the problem." — Anup Shah
"There's a fine line between trust and complacency." — Anup Shah
"Every other function — they're closet marketers." — Anup Shah
"I love working with indies, because I know the person who's doing the pitch is also in the work." — Anup Shah
THE ACTION
CHECKLIST

Thirteen concrete moves. Pick one. Put it in motion this week.

  1. Audit your LinkedIn like a client would.

    Myra's rule. If your in-person self doesn't match the person on the feed, fix the feed before the next pitch.

  2. Write the first-meeting diagnostic question that surfaces whether your prospect is a Myra or an Anup.

    Full-trust, hate-the-scope — or clarity-on-problem-deliverable-staffing? Ask in meeting one. Customize the contract accordingly.

  3. Kill the 50% performance-based scope pitch if it's in any of your proposals.

    Senior marketers read it as naïve or manipulative. Replace it with a strong KPI conversation.

  4. Draft the "business context" opener for every pitch.

    Before creative credentials: distribution, sales pressure, CEO headache. Show you care about business before you show the reel.

  5. Add creatives to the client-texting circle.

    Myra's note. Don't silo the account team as the relationship layer. The creative-to-client text is where the best briefs get written.

  6. Install the "quiet-week check-in" as a standing practice.

    If the client's been silent four business days, someone on your team sends the four-sentence "how can we help" text. Not a status ask. A wellness check.

  7. Build a sell-through kit for every major deliverable.

    Sizzle video, one-pager, internal deck. Treat every client as someone selling the work to thirty people she doesn't love.

  8. Pre-sell the strategy to the CMO before you pitch the campaign.

    Myra's move. If your client's comfortable bringing you to the President/CEO at strategy stage, offer it.

  9. Stop taking the "do work to win awards" brief from any client who didn't ask for it.

    Myra's Stepford Wife moment. If the brief is internal politics dressed as a brief, decline or rewrite.

  10. Schedule a quarterly "unsolicited idea" delivery to every active client.

    Not a scope extension. A provocation. Trust vs. complacency defense.

  11. Install a 48-hour team-departure alert with every client.

    When a senior person rolls off, the client hears from the agency first — with names, backgrounds, and handoff plan.

  12. Schedule the uncomfortable conversation you've been avoiding.

    Myra's "it's time to fire us" admission. Most breakups are unspoken months before they're formal. Name the problem while you can still fix it.

  13. Audit your own agency's packaging against your best client's campaign.

    If your tagline, deck, and LinkedIn are weaker than the work you're pitching, fix yours before you pitch theirs.

BRING THESE
TO THE FOLLOW-UP

Jot your real answers here. We'll open the live session with them.

Which of your current clients is a Myra (trust-first, scope-averse), and which is an Anup (clarity-first, deliverable-pinned)? How did you find out — and did the relationship document match?
When was the last time your client told you this was the best meeting of their week? If they didn't, why not?
Is there a client you should have had the "it's time to fire us" conversation with — and haven't?
Where is your agency in the Love Cycle with your top three accounts — honeymoon, stable, stale, or drifting? What's the next provocation you owe them?
How are you showing up on LinkedIn in the 90 days before a pitch? Does the in-person version match the online one?
When a senior person leaves your account team, how long does it take your client to hear about it directly from you? Can you get that to 48 hours?
What's the "sell-through kit" you could build for your client's internal audience that nobody asked you for — but everybody needs?
SPEAKER
CREDITS
SESSION 3 — WHAT MARKETERS REALLY WANT
  • Jonathan King — Quality Meats (moderator)
  • Myra Nussbaum — VP of Brand, Moen and House of Rohl (Fortune Brands)
  • Anup Shah — COO, PLEZi
THE FRAME
  • The Love Cycle — first date, DTR, prenup, six-month check-in, fighting, keeping spice, divorce, dating again.
  • Ground rule, minute one: "no sugar coating, be real, we're not gonna offend each other."
  • The session where marketers stopped performing "client" and started being people.
THE REST
OF THE WEEK

The Chicago Summit doesn't end when the lights go down. The week of May 18, a 90-minute live conversation for every session — same time every morning, 7am PT / 10am ET. Come to yours. Come to all five.

Session 01
Articulating the Indie Advantage
Monday, May 18 · 7am PT / 10am ET
Pitches, procurement, holdco-to-indie culture, the long game of biz dev.
meet.google.com/nwu-pnym-ntz
Session 02
Myth Busters: What CMOs Actually Experience
Tuesday, May 19 · 7am PT / 10am ET
A reality check against every indie talking point, straight from the CMOs.
meet.google.com/qod-bxww-pdj
Session 03 · Your Conversation
What Marketers Really Want
Wednesday, May 20 · 7am PT / 10am ET
Brand-agency relationships, intimacy, and the growth that actually sticks.
meet.google.com/tpy-eqkg-qrd
Session 04
Where Adland's Placing Its Bets
Thursday, May 21 · 7am PT / 10am ET
M&A, tech stacks, media, and the talent models reshaping the industry.
meet.google.com/zpt-nwpz-yoi
Session 05
Protecting Your Work
Friday, May 22 · 7am PT / 10am ET
IP, legal frameworks, and the influencer economics most agencies are getting wrong.
meet.google.com/tfv-vhoh-wof
THANK YOU
FOR BEING
IN THE ROOM.

This recap is part of the Indie Agency News Blueprint series — the premium content product built from our live events. You were told not to take notes. We meant it.

IAN · BLUEPRINT · SESSION 03
↑ Back to the Hub
INDIES RISING SUMMIT CHICAGO
SESSION 04A

WHERE ADLAND'S
PLACING ITS BETS

GROWTH BETS & M&A
IAN LEADERSHIP SUMMIT
CHICAGO · APRIL 15, 2026

TABLE OF
CONTENTS

→ YOUR FOLLOW-UP LIVE CONVERSATION (COVERS 4A + 4B)
Thursday, May 21 · 7am PT
meet.google.com/zpt-nwpz-yoi
Come with the questions you jot down on the back pages of this recap.

YOU WERE
THERE WHEN…

…Alan said the quiet part out loud about how indie mergers actually start.

He and his partner at DNA had been looking at what was next. They had long-term retainers, a strong account shop, and a hole where creative ownership should be. Building that creative muscle from scratch meant new hires, new risk, and still no guarantee of the ownership they wanted. And there was another agency in town — a small one — that kept beating them on the work.

So the two founders had a conversation about what to do. Alan's framing, unsanitized:

"I think what we said was, 'We're gonna kill 'em or buy 'em.' So we said, 'Let's go have a drink.'"

He expected small talk and a polite exit. Instead, it kicked off a year-long conversation that became DNA's merger with Hands of Stone — the biggest bet he's made in 26 years of running an agency, and, in his words, "the biggest payoff for our company that we ever made."

THE WHOLE BLOCK IN ONE ANECDOTE

The boldest growth bets don't start in a deck. They start in a bar, between two founders who already know what they're missing.

The operators on this stage didn't grow by imitating a holdco. They grew by naming the gap and buying, merging, or building exactly into it.

Session 4a opened Block 4 with a question nobody wanted to answer generically: what is the single biggest bet you've made on your business — build, buy, merge, or stay — and what did you actually learn once you placed it?

WHAT SESSION 4A
WAS TRYING
TO ANSWER

Every indie founder eventually hits the same wall. Organic growth plateaus. The services the market wants aren't the ones you built to be known for. Payroll gets heavier. The ground — AI, media, holdcos, PE money — keeps shifting underneath.

Session 4a opened Block 4 with the question nobody on stage wanted to answer generically:

What is the single biggest bet you've made on your business in the last few years — build, buy, merge, or stay independent — and what did you actually learn once you placed it?

Moderated by Lori Murphee — Founder & Managing Partner of Evalla Advisors, an M&A advisor who sits between agencies and the strategic, PE, and independent paths they might take — the panel surfaced the full spectrum: a 30-year indie doubling down on independence (McGarrah Jessee), a PE-backed 240-person agency that acquired four shops and is now picking it back up (Rain), a 40-person Seattle shop that just finished an indie-to-indie merger (DNA&Stone), and — read into the record by Lori — a 450-person PE-backed serial acquirer (Mod Op).

The starting question from the moderator was simple: "How many people in this room have a three-to-five-year plan? Keep your hands up if you have a ten." A few hands up on three. Almost none on ten.

WHO WAS
IN THE ROOM
WITH YOU

A moderator who works the deal side. Three operators with very different cap tables. One absent panelist read into the record.

MODERATOR
  • Lori Murphee — Founder & Managing Partner, Evalla Advisors. Helps agencies navigate selling to strategics, partnering with PE, or acquiring their way forward.
PANELISTS
  • Alan Brown — Founder, DNA&Stone (Seattle). ~40 people. Just completed a merger with Hands of Stone on DNA's 26th year.
  • Jane Crisan — CEO, Rain (Portland, OR). ~240 people, national footprint. PE-backed since ~2008. Four acquisitions 2004–2008; now actively looking again.
  • Britton Upham — CEO, McGarrah Jessee (Austin). ~100 people, 30-year indie. Self-funded. In the middle of a bet they call "Indie Amplified."
SPOKEN FOR (ABSENT)
  • Eric Bertrand — Co-Founder, Mod Op. ~450 people. Former investment banker. ~12 acquisitions including a nearshore operation in Panama. PE-backed. Lori read his answers into the record.
Energy in the room: more operator than pundit. Fewer laughs than Block 1, more notebooks open. This was the block where founders who run P&Ls talked about the decisions they'd already made and the ones they couldn't take back.

PART ONE

THE BET YOU
ALREADY PLACED

Lori asked each operator for the single biggest bet they'd already made. What came back wasn't a deck. It was founder-level honesty about mergers, survival pivots, and the middle lane between the boutique and the holdco.

Moment 01 · "Kill 'Em Or Buy 'Em"

Alan's founding story for the merger. DNA had creative-ownership deficits they couldn't cure organically fast enough. A smaller indie in town kept beating them. The partners went to get a drink expecting a polite dead-end.

"These are a couple of guys in town with a small, independent agency, and they had the exact opposite problem that we did. Their problem was scale, and ours was we felt creative. So it started a year-long conversation about how we could put our companies together." — Alan Brown
  • The best indie-to-indie M&A is complementary deficit. One shop has scale without creative ownership. The other has creative ownership without scale. If you can draw that Venn in one sentence, you have a conversation worth having.
  • A year-long conversation is the norm, not the warning sign. Alan's was his third run at a merger. Repetition isn't failure — it's how you learn what "right" feels like.
Moment 02 · Survival Was The Strategy

Jane on what forced Rain's biggest bet — the full conversion from linear TV to what they now call "converged TV."

"For us, making the decision about our big bet, it was more about survival. Anybody in the room that looks at media consumption habits knows that linear TV is declining… That was just a survival imperative, to make sure that we're keeping up with the industry." — Jane Crisan
  • Some bets aren't bets. They're the toll you pay to stay a going concern. Rain didn't pivot to converged TV because it was sexy. They did it because the revenue base they were known for was melting.
  • If the discipline you're known for is in secular decline, you have about three years to make the new thing your new known-for. Not a marketing exercise. A business model exercise.
Moment 03 · "Indie Amplified"

McGarrah Jessee's self-funded bet on the middle lane — not a merger, not a PE round.

Britton on the doubled-down investment: a real media practice, a real data science practice, and continued investment in McGarrah Jessee's Fair Share profit program.

"There's thousands of independent agencies out there — many are really great creative boutiques… but we see them being a little bit cautious or concerned about getting into media or data. We're not. So we're heading into that space. Above that, we see the holding companies deeply in those positions — but we see trust concerns, attention concerns, transparency issues. Right there in the middle is what we call Indie Amplified." — Britton Upham

The "one thing" framing: "leveraging uncommon sense to drive rational fandom for brands."

  • There is a defensible middle lane between the creative boutique and the holdco media arm. Britton's bet is that the indie that actually builds media and data — not just describes them on a slide — takes share from both sides.
  • Self-funded means your profit is your war chest. Every big new capability draws from Fair Share payouts. That's a decision that has to be owned company-wide, not just by the founders.
Moment 04 · The Mom Got Married Overnight

Alan on the hardest part of the DNA + Hands of Stone merger — the part no amount of planning deck solved.

"We thought we had it all figured out. We had our mission, our vision, our values, our culture. Everything was ready to roll. But what people experienced was — mom got married overnight and stepdad's moving in, and it's like, 'Who the hell is that guy?' That's how they felt." — Alan Brown

The fallout: culture became a year-long work-in-progress. Some people didn't buy in. Some left. Some had to be moved out. And the business model mismatch — DNA was retainer-heavy and full-time; Hands of Stone was primarily freelance — was a whole second integration problem.

  • You can announce a merger's strategy to the staff. You cannot announce its culture. The culture is what they feel on day one when their boss has a new boss.
  • Integrate the business model, not just the brands. Retainer-and-FT vs. freelance-heavy isn't cosmetic. Name it on day one.
Moment 05 · Clear Swim Lanes

Alan, pressed on what specifically he'd do differently:

"Going from two owners in each company to four owners now — how do decisions get made, who's making the decision, who makes the call? Having clear swim lanes and clear ways that decisions get made, and for people to understand how — that's super important." — Alan Brown
  • Four-owner math is a decision architecture problem before it's an emotional one. Write the swim lanes. Post them. Re-post them every quarter. Ambiguity at the ownership layer flows downhill faster than any other flavor of ambiguity.
Moment 06 · Back-Office First

Jane on Rain's integration lessons from 2004–2008, still being lived in 2026.

"The easiest is to do the back office. When I say it's the easiest, it's the less dramatic, but still takes a lot of time and effort. It takes a lot longer than you think it's going to do to integrate a shop into your infrastructure. We still have some things that aren't fully integrated." — Jane Crisan

Rain kept some acquired shops running as separate entities under the portfolio on purpose. They're now restarting M&A activity and the cultural fit question is leading the diligence — not the capability.

  • "Less dramatic" does not mean "faster." Back-office integration is the iceberg under the merger announcement. Budget multiples of the time you think it'll take.
  • You don't have to fully integrate every acquisition. A portfolio-of-brands approach is a legitimate structure — but only if you decide that on purpose, not by drift.

PART TWO

PIVOTS, FUNDING
& WHAT COMES NEXT

Lori turned the room from "what did you bet?" to "what are you betting next?" Self-funding vs. PE, change management timelines, AI adoption, and the quiet signal that it's time to go shopping.

Moment 07 · Self-Funded Change Management Has A Price Tag

Britton on the McGarrah Jessee reality that most agencies don't say out loud.

"We're self-funded, and that presents a challenge right off the bat, because you have to make sure that you're funding at the speed of acquisitions and other M&A or PE. That's a concern right out of the gates." — Britton Upham

Every McGarrah Jessee investment in data science, media, AI assists, or a partnership draws down the same pool that funds Fair Share profit-sharing with employees.

  • Self-funded indies are PE-free but not free. Your capital allocation decisions sit on your people's paychecks. Be honest with them about the math, not euphemistic.
Moment 08 · "It Takes Three To Five Years"

Jane, dropping the unglamorous truth on change management that everybody in the room quietly wrote down.

"Nobody's gonna like to hear this. We have a running joke. Everything takes three to five years to really infiltrate back into the culture. To get a big ship moving, it takes a while. Change management has become a big word in our shop." — Jane Crisan
  • The gap between announcement and adoption is measured in years, not quarters. Your three-year plan and your change-management plan are the same document. If they're not, one of them is lying.
Moment 09 · Bring Everyone In Physically? Not At $75K A Pop.

Britton on the post-COVID pivot McGarrah Jessee had to make when the original plan didn't survive contact with the P&L.

"We thought, 'Oh gosh, we're gonna bring everybody in five times per year.' Every time, we'd have to set up something around it — and it could be $75,000 a pop. We were like, these investments are not sustainable at that level to bring everyone in physically." — Britton Upham

McGarrah Jessee runs flexible now — ~60 in Austin, ~40 across 22 other cities. The bond is built differently. "We refer to it as turning our creativity onto ourselves."

  • Remote-first isn't free; it's a different line item. The replacement for "everyone in the office" isn't "nobody in the office." It's a designed and funded rhythm of convenings, rituals, and shared work that you have to build on purpose.
Moment 10 · Lead With The Benefit (AI)

Britton on how McGarrah Jessee actually landed AI internally, without the fear spiral.

"We hired two AI engineers and a program manager, stood them up as an innovation team. Their whole purpose was to go desk to desk to desk across the entire agency and interview people about what in your day would you classify as busy work." — Britton Upham

The finance example he gave: closing the books takes a week, the whole department effectively shuts down. "What if that were two days? What if we could templatize and systemize and automate some of that process so you could trade back time for gray matter — for strategic and creative work?"

  • AI adoption is a gift-giving program, not a threat memo. Send engineers to every desk, find the busy work, hand people back their week. Adoption follows voluntarily once the first person says "I'm actually more valuable to the organization now."
Moment 11 · "Learnings, Not Failures" — And Now They Point To M&A

Jane, on the internal discipline that's now driving Rain back into the acquisition market.

"I would like to not call it failures but learnings. There are areas that we had tried to build, and we are not building them at the rate that we would like. Those are the areas we're specifically looking to see if we can possibly do a strategic partnership or an acquisition, because we want to see scale faster." — Jane Crisan
  • "Tried to build, building too slowly" is the cleanest internal signal that it's time to go shopping. Not a hunch. A build-track-record gap.
Moment 12 · Ingredients, Rearranged

Britton on McGarrah Jessee's next bet — the one that isn't an acquisition and isn't a vertical.

"What are your ingredients? If you rearrange them or change the portion size, what could you create? In our shop, we have data science, media, creative, and strategy. You can put those pieces together and apply it — yes, to marketing and advertising, but you could also focus on other industries or adjacent industries." — Britton Upham

He invoked Amazon's vertical-integration logic: "You look up — we've built all these e-commerce and cloud systems, why don't we rent those out? You look down — why are we using UPS and FedEx when we could have our own delivery? Open that aperture more: where else can you go with the actual minds you have in your building?"

  • Your next growth bet may not be another service for the same clients. It might be the same capability, repackaged, sold into an adjacent industry. The ingredients don't change. The menu does.
Moment 13 · Would You Acquire Again?

Lori asked Alan directly. His answer was the tightest summary of what he'd learned:

"Everybody who we talked to advised us not to do it, because it's never gonna work out, it's not going to come to completion. If hindsight's 20/20 — if I had partners like I do with this acquisition, absolutely. But we've been down this road. This is the third time we made a run at one, and it was clear the other two weren't the right one. So it's all a matter of who it is, what it is." — Alan Brown
  • Advice against indie M&A is the default answer. It's right most of the time. What made Alan's work was the specific partners and a decade-plus of pattern recognition on what didn't feel right the first two times. This is less about deal mechanics and more about founder fit.
Moment 14 · "Time Kills All Deals"

Lori, closing the room out with the line that runs her practice.

"For agencies looking at 'I want to build through acquisition' — I love that. But it's really hard and it's important to have somebody that can focus on it. Time kills all deals. Really know that that's what you want to do, and hopefully get help to do that." — Lori Murphee
  • An acquisition strategy requires a dedicated executive, not a side-of-desk assignment. Every week the deal slows is a week the deal gets riskier. If there isn't a named owner inside the agency whose job is to move it forward, expect it to die.

THE MOMENT
THE ROOM GOT
UNCOMFORTABLE

The real disagreement on this stage wasn't loud. It was structural — and it sat between Britton and Jane.

Britton went all-in on self-funded independence and framed PE and external capital as risks to culture, to transparency, and to the staff's paycheck through Fair Share. Jane, without pushing back at him directly, made a quietly confident case that PE had been a 17-plus-year partner for Rain — "they're great partners, and they mostly let us run our business" — and that it's exactly what enabled the acquisitions, the converged-TV pivot, and the ability to go shopping again now.

Both were right about their own agencies. Both were also arguing for a different future for the indie category.

"INDIE" IS NOT A STRATEGY. IT'S A CAP-TABLE.

Two agencies can be "indie" in the IAN sense — founder-owned, creatively self-directed, culturally integrated — with completely different funding structures underneath. Britton's McGarrah Jessee is self-funded because he believes the trade-offs flow to his people. Jane's Rain is PE-backed because she believes the trade-offs flow to scale and survival. Both models are producing the work.

Worth bringing to the follow-up: where does "indie" end and "PE-backed indie" begin — for the IAN definition, for clients, for talent?

ROOM
VOCABULARY

The named concepts Session 4a gave the IAN community. Now shared shorthand — use them.

TermWho Named ItWhat It Means
Kill 'Em Or Buy 'EmAlanThe honest opening of an indie-to-indie merger conversation. If you're losing to them, the question is on the table whether you know it or not.
Indie AmplifiedBritton / McGarrah JesseeThe deliberate middle lane between the creative boutique and the holdco: indie agencies that actually build their own media and data capabilities.
Converged TVJane / RainThe market-facing name for CTV + linear + digital video + analytics. A survival pivot, not a trend deck.
The Mom Got Married OvernightAlanHow staff experiences a merger no matter how well-planned the all-hands is. Plan for the feeling, not the slide.
Clear Swim LanesAlanIn a four-owner structure, the decision architecture is the culture. Write it down, publish it, enforce it.
Learnings, Not Failures — Then Go ShoppingJaneWhen the internal build is too slow, that's the signal to look at a strategic partnership or acquisition.
Lead With The BenefitBritton (on AI)AI adoption as a desk-to-desk gift-giving program, not a threat. Engineers find busy work, return gray-matter time, let adoption follow voluntarily.
Ingredients, RearrangedBrittonData + creative + strategy pointed at an adjacent industry. Same capability, new menu.
Time Kills All DealsLoriEvery week a deal slows, the deal gets riskier. M&A requires a named internal owner, not a side-of-desk assignment.

EXACT
LANGUAGE

Steal these verbatim. Phrases picked on stage for a reason.

LORI'S OPENING AUDIENCE TEMPERATURE CHECK — FOR YOUR NEXT LEADERSHIP OFFSITE
"How many people have a three-to-five-year plan? Raise them high. Keep your hands up if you have a ten-year plan. Now — who has a strategic plan on how you're going to execute that? What are the steps? And what happens if it changes? Are you prepared for the pivots?"
ALAN'S PARTNER-FIT MERGER OPENER — WHEN SIZING UP A PEER SHOP
"What's the gap we can't close ourselves, and what's the gap they can't close themselves? If we can draw that Venn on one napkin, we should keep talking."
BRITTON'S AI ROLLOUT SCRIPT — DESK-TO-DESK, NOT TOP-DOWN
"What in your day would you classify as busy work — the stuff where checking it off feels good, but it isn't the most rewarding work for your brain? If we could give you that time back for strategic and creative work, would you take the trade?"
JANE'S "BUILD-TOO-SLOW" DIAGNOSTIC — QUARTERLY WITH YOUR LEADERSHIP TEAM
"What have we been trying to build that we are not building at the rate we would like? Is that an execution problem — or is that the list for a partnership or acquisition conversation?"
LORI'S DEAL-PROTECTION LINE — THE MOMENT AN M&A CONVERSATION STALLS
"Time kills all deals. Who on our side owns moving this forward this week — not this month?"

THE QUOTE
WALL

Pull these out. For your team channel. For your Monday standup. For your own notebook.

"I think what we said was, 'We're gonna kill 'em or buy 'em. So let's go have a drink.'" — Alan Brown
"For us, it was more about survival. That was just a survival imperative." — Jane Crisan
"Right there in the middle is what we call Indie Amplified." — Britton Upham
"Mom got married overnight and stepdad's moving in, and it's like, 'Who the hell is that guy?'" — Alan Brown
"Everything takes three to five years to really infiltrate back into the culture." — Jane Crisan
"These investments are not sustainable at that level to bring everyone in physically." — Britton Upham
"If you're not constantly trying new things, that's a bigger problem in our industry." — Jane Crisan
"Trade back time for gray matter, for strategic and creative work." — Britton Upham
"Time kills all deals." — Lori Murphee

THE ACTION
CHECKLIST

Thirteen concrete moves. Pick one. Put it in motion this week.

  1. Write your real three-year and ten-year plan on one page — with the pivot branches built in.

    Lori's opening test. If your leadership team can't answer "what if the plan breaks?" you don't have a plan. You have a budget.

  2. Name the single biggest bet you're actively placing this year — in one sentence — and send it to your leadership team.

    Alan, Jane, and Britton each named theirs in under thirty seconds. If yours takes three paragraphs, you haven't decided yet.

  3. Draw the one-napkin Venn for any peer indie you've thought about merging with.

    What gap can you not close yourselves? What gap can they not close themselves? If the Venn is clean, have the drink.

  4. Audit your known-for discipline against its market trajectory.

    If it's in secular decline (Jane's linear TV moment), your three-year plan is a repositioning plan. Start now.

  5. If you're self-funded, be explicit with your team about how new capex trades against profit-sharing.

    Britton's Fair Share math. Don't let the trade-off be invisible. Make it a company decision, not a founder's.

  6. For any acquired or merged shop: publish the decision architecture on one page.

    Alan's four-owner problem. Who decides what, which meeting, on what cadence. Re-publish quarterly.

  7. Budget culture integration at 3–5 years, not 3–5 quarters.

    Jane's running joke is the room's real planning horizon. Your change-management plan and your long-range plan are the same document.

  8. Stand up a two-person AI innovation team aimed at internal workflows first.

    Britton's model. Engineers + a PM. Their first 90 days is desk-to-desk interviews, not a tool rollout.

  9. Identify one "tried to build, building too slowly" gap as an M&A target.

    Jane's diagnostic. Tracked rate of internal build × capability importance = your shopping list.

  10. If you're pursuing M&A, name a single internal executive who owns deal velocity.

    Lori's rule. Time kills all deals. "The founders" is not an answer — one name is.

  11. Redesign your all-hands rhythm around the cost of the room, not the habit of it.

    Britton's $75K-a-pop lesson. Fewer, more intentional convenings beat more, more diluted ones. Build the rituals that survive.

  12. Write the one-sentence "ingredients, rearranged" version of your agency.

    Which three of your core capabilities, aimed at which adjacent industry, could become a new revenue line without a new hire?

  13. Get clear-eyed about whether you're an indie, a PE-backed indie, or an indie planning to become one.

    All three are viable. Only one is what you tell your people.

BRING THESE
TO THE FOLLOW-UP

Jot your real answers here. We'll open the live session with them. (This session covers both 4a and 4b.)

What's the single biggest bet you've placed on your agency in the last three years — and was it build, buy, merge, or stay?
What's the capability gap you keep trying to build internally and failing to build fast enough? What would it take to turn that into an acquisition conversation?
If your known-for discipline is in decline, what's your converged-TV — the new name, the new integrated practice, the survival pivot?
Who are the two indies in your market you'd actually get a drink with — with "kill 'em or buy 'em" honesty?
Where are you still pretending change management happens in quarters? What would your plan look like if you budgeted three to five years?
Are you self-funded, PE-backed, or something in between — and is that the story your team, clients, and talent are being told?
What busy work, today, is your team hoarding because finishing it feels good? What would a desk-to-desk AI program give back?
Rearrange your ingredients. Data + creative + strategy, aimed at which adjacent industry? Write one sentence.

SPEAKER
CREDITS

SESSION 4A — WHERE ADLAND'S PLACING ITS BETS: GROWTH BETS & M&A
  • Lori Murphee — Founder & Managing Partner, Evalla Advisors (moderator)
  • Alan Brown — Founder, DNA&Stone (Seattle)
  • Jane Crisan — CEO, Rain (Portland, OR)
  • Britton Upham — CEO, McGarrah Jessee (Austin)
SPOKEN FOR ON STAGE (ABSENT DUE TO ILLNESS)
  • Eric Bertrand — Co-Founder, Mod Op

THE REST
OF THE WEEK

The Chicago Summit doesn't end when the lights go down. The week of May 18, a 90-minute live conversation for every session — same time every morning, 7am PT / 10am ET. Come to yours. Come to all five.

Session 01
Articulating the Indie Advantage
Monday, May 18 · 7am PT / 10am ET
Pitches, procurement, holdco-to-indie culture, the long game of biz dev.
meet.google.com/nwu-pnym-ntz
Session 02
Myth Busters: What CMOs Actually Experience
Tuesday, May 19 · 7am PT / 10am ET
A reality check against every indie talking point, straight from the CMOs.
meet.google.com/qod-bxww-pdj
Session 03
What Marketers Really Want
Wednesday, May 20 · 7am PT / 10am ET
Brand-agency relationships, intimacy, and the growth that actually sticks.
meet.google.com/tpy-eqkg-qrd
Session 04 · Your Conversation (covers 4a + 4b)
Where Adland's Placing Its Bets
Thursday, May 21 · 7am PT / 10am ET
M&A, growth bets, tech stacks, media, and the talent models reshaping the industry. The conversation for this recap.
meet.google.com/zpt-nwpz-yoi
Session 05
Protecting Your Work
Friday, May 22 · 7am PT / 10am ET
IP, legal frameworks, and the influencer economics most agencies are getting wrong.
meet.google.com/tfv-vhoh-wof
THANK YOU
FOR BEING
IN THE ROOM.

This recap is part of the Indie Agency News Blueprint series — the premium content product built from our live events. You were told not to take notes. We meant it.

IAN · BLUEPRINT · SESSION 04A
↑ Back to the Hub
INDIES RISING SUMMIT CHICAGO
SESSION 04B
WHERE ADLAND'S
PLACING ITS BETS
Media Models + AI
IAN LEADERSHIP SUMMIT
CHICAGO · APRIL 15, 2026
TABLE OF
CONTENTS
→ YOUR FOLLOW-UP LIVE CONVERSATION
Thursday, May 21 · 7am PT
meet.google.com/zpt-nwpz-yoi
Shared follow-up for Sessions 4a + 4b. Come with the questions you jot down on the back pages of this recap.
YOU WERE
THERE WHEN…

…the moderator asked whether clients were finally pushing back on margins.

Every head on the panel tilted the same way. Lauren Ridgley first — "Not yet. The questions are being asked. Nobody's putting enough pressure to actually say we have to act on it." Jaime Ekman next — "Yeah, same, not yet." Then Rachel Brandt, flipping the frame entirely:

"It's not like downward pressure. It's almost an upward lens of that — actually, I want to see the work get better. I want to see you respond faster because of these tools."

That's the whole block in three answers. Clients know AI exists. They haven't yet figured out what it changes in the contract. But they've absolutely figured out what it changes in the deliverable — and "better and faster" is already table stakes.

If you only took one idea out of the room, it was that one. The margin squeeze is not here yet. The expectation upgrade already is.

WHAT SESSION 4B WAS TRYING TO ANSWER

Session 4 was IAN's "Where Adland's Placing Its Bets" block — four chairs, real numbers, honest operating questions. Session 4a covered the M&A and holdco-side bets. Session 4b went inside the indie shop and asked the two questions every principal is losing sleep over.

What does a modern media operation actually look like inside an indie — in-house, outsourced, hybrid, freelance? And what is AI really doing to the work, the team, the client, and the margin?

Forty-five minutes. Four panelists. One moderator from a preferred partner (Pathlabs) who lives between the agencies and the data and therefore hears every version of this question. No slides. Mic passed down the row.

WHO WAS
IN THE ROOM

Four operators comparing notes. One moderator who hears every version of this question.

MODERATOR
  • Mario Schulzke — Chief Operating Officer, Pathlabs. IAN's first preferred partner. Works with agencies on media data and reporting. German, committed to ending the panel on time.
PANELISTS
  • Lauren Ridgley — Founder + CEO, Left Hand Agency. Five-year-old shop, heavy in food + beverage and retail media. "I describe our agency as kind of in puberty."
  • Jaime Ekman — President + CEO, Stolz. Full-service, 30 years in business. Brought media fully in-house four years ago, now actively re-deciding whether to keep it there.
PANELISTS (CONT.)
  • Rachel Brandt — CEO + Co-Founder, Corner Table Creative. Social agency. Ran the full gauntlet: freelancer-only (got burned), then agency partners (Eden Collective named from stage), then a hybrid of in-house + partner + freelance.
  • Kyle Eckhart — Chief Operating Officer, Rain. 21 years at an integrated, full-service shop built from a merger of a creative and a media agency plus a series of acquisitions. The grown-up in the room on partnership posture.
Energy in the room: quieter than the pitch-room sessions earlier in the day. This was operators comparing notes. The stories were smaller and more specific — a freelancer who didn't show up, a CFO who built a cash-flow dashboard in a week and a half, a meta auto-optimizer trying to ruin someone's campaign. Heads nodding, pens moving.
PART ONE
THE MEDIA
QUESTION

Four operators on in-house vs. outsource. No two answers the same. A posture shift across the indie landscape, quietly underway for five years, finally spoken out loud.

Moment 01 · "Media Has Never Been More Complicated To Buy"

Lauren opened the block with the line every media principal in the room had been waiting for someone else to say out loud. Her response: Left Hand has invested hard in training protocols and systems for the way they plan and buy. Repeatable without being formulaic.

  • Retail media is not "another channel." It is a structural tax on every consumer brand's media plan, and it is reshaping the kind of team you need to buy for them.
  • Systems aren't the opposite of craft. Systems are what make the craft survive the complexity.
Moment 02 · Jaime's Full In-House Reversal

Four years ago, Stolz brought media fully in-house. Over the last 18 months, media revenue has declined dramatically through client changes. Now, another decision point.

"The overhead we would need to have to continue to buy media in the way that our clients deserve — it's a challenge." — Jaime Ekman, Stolz
  • "In-house media" is not a destination. It's a current posture. Indie shops doing this right are willing to re-decide every 12–18 months as the client mix moves.
  • "In the way that our clients deserve" is the real test. If you can't staff the complexity at the quality your clients are paying for, in-house is a liability, not an asset.
Moment 03 · Rachel's "We Said Yes, No"
Two months in, a client asked them to buy media.

Corner Table Creative needed the revenue. They didn't know what else to do. So they went freelance-only.

"They didn't show up. And then you're in a situation where we've committed things, we have really important relationships that are relying on this. Yes, we figured it out. But being in that spot early has really given us a sense of — yes, we rely on freelancers, we have a great bench — we also need to have the full-time resources who can back that up." — Rachel Brandt, Corner Table Creative
  • Freelance-only is a structural fragility, not a cost strategy. You cannot invoice your way out of a missed deadline with a partner who's ghosted you.
  • The grown-up model Rachel landed on: full-time core + trusted partner agencies + freelance bench, so each layer covers the others. Eden Collective named from stage as a trusted partner.
Moment 04 · Kyle — The End Of "Do Everything Ourselves"

Kyle Eckhart is the 21-year veteran, sitting inside an integrated shop (Rain) built from a merger plus a series of acquisitions. He named a posture shift that has quietly happened across the indie landscape.

"It used to be that we were very particular about doing everything ourselves, building everything ourselves. We would not partner. Everybody was a competitor. Everybody was trying to use our data. We have massively shifted on that point of view over the last probably five years." — Kyle

What replaced the old posture: a dedicated task force reviewing conversations with potential partners. Part for evolving their own business. Part because clients are constantly asking, "What's out there? Who does the best work in this space?"

  • Partnership posture is a capability now, not a weakness. The agencies winning the complexity race have a dedicated function for scouting, vetting, and maintaining partnerships.
  • Clients are asking who else you know. If the answer is "nobody, we do it all ourselves," you've just lost a layer of credibility.
PART TWO
THE AI
QUESTION

The moderator shifted the conversation to AI. Ten moments later, the sharpest indie positioning on AI this year was sitting on the panel — and nobody had pitched it as positioning.

Moment 05 · Lauren — "Validation, Not Planning"

Lauren: they don't use AI for planning. They use it for validation — after the plan is written, running the whole proposal through CMO-brain prompts: what are the white spaces? What have I forgotten? What is the client going to ask me?

"It's not replaced any people at our agency yet. And I don't plan on it." — Lauren Ridgley
  • The highest-leverage use of AI right now isn't doing the work. It's stress-testing the work before the client does.
  • "I don't plan on it" is a real position, not a hedge. The clearest version of what multiple panelists said in different words.
Moment 06 · Jaime — "A Whole Lot More Bad Ideas, Faster"
"Our creative team uses it in a lot of ways. They like to talk about how you can get a whole lot more bad ideas out of the gate, and just get rid of those so you can get to the good ideas faster." — Jaime Ekman, quoting her creative team

Jaime also on the tool churn: "So many AI tools we have tried that are now those companies are out of business. It's just moving so fast. The key is just trying as much as you can, seeing what helps, seeing what sticks."

  • AI is not an idea machine. It is a bad-idea-disposal machine.
  • The tool-churn tax is real. Any AI tool you pick today has a decent chance of being gone in a year. The posture is constant experimentation, not tool selection.
Moment 07 · Rachel's Financial Dashboard (The Personal Use Case)

Rachel Brandt took the AI conversation to a place nobody expected — her own Financial Dashboard, built in a week and a half by her fractional CFO. Cash flow, plan vs. actuals, per-client forecast, profit margin by client, invoice status, with the pipeline underneath. Then they added agents.

"I can actually ask a question and be like, 'Well, did they pay their invoice? Or, how are we doing this month?' And it will in real time answer those questions. It's integrated into our Slack." — Rachel Brandt, Corner Table Creative

Not a cost saving, she said. A creativity unlock. "It's also reshaping how I'm thinking about tools for our clients. Like, what is the dashboard my client needs to see right now?"

  • The highest-value AI project in a small agency is probably an internal one about the business itself. AI-for-principals directly changes how fast a principal can make decisions.
  • Build one for yourself before you try to sell one to a client.
Moment 08 · Kyle — "Organic, Not Top-Down"

Kyle described the AI rollout posture at an integrated shop of real size, and it's the opposite of how most leaders picture it. First they put a policy in place. Then they realized nobody was really experimenting. So they had to put process and tools in place to give people the latitude to experiment.

"We want it to happen organically through team-based tasks — not pushed down from the top to say 'you're going to use AI for this thing.'" — Kyle

The internal ROI story he told: "We had a particular thing we were using to help in a certain space. Our CTO saw the demonstration of it and said, 'I think I could build it.' He built it over the weekend. And now we're starting to productize it."

  • AI adoption from the top creates performative AI. AI adoption from the team creates real AI.
  • Your CTO looking at a SaaS tool and saying "I could build that" is now a real business-model event, not a joke. Weekend builds are on the roadmap.
Moment 09 · "Our Clients Are A Lot Smarter Now"

The moderator dropped in the most quietly important observation of the session. Speaking from Pathlabs' vantage point, working across many agencies:

"Before, you could sort of send a report, and you could really own the narrative of whether or not this is good or bad. Now our clients are downloading all the media data, and the level of questions we're being asked has leveled up significantly. If our people didn't use AI to also analyze the data, it'd be bad for us." — Mario Schulzke, Pathlabs
  • The client is now reading the data with AI before the call. The question is whether you are.
  • AI is not primarily a productivity upgrade. It is a leveling-up of the audience you're presenting to.
Moment 10 · Kyle — "The Expectation Is Uneven"

Kyle separated the client expectation on creative work vs. media work — a nuance worth putting on a poster. Creative side: a lot of nervousness, not much client expectation. Media side: "How are you using AI to drive efficiencies in my business?" On a regular basis.

"It's allowing us to do more, not less. So it's not like AI has replaced any certain functions. It's allowing our people to actually do more with their jobs in the space of creativity and curiosity." — Kyle
  • The AI conversation is not one conversation. It's (at least) two. Media-side clients expect evidence and efficiency. Creative-side clients are nervous and want reassurance. Walking into either with the wrong script is a tell.
  • "More, not less" is a better sales answer than "we've cut headcount."
Moment 11 · Rachel — "Turn AI Off On Purpose"

Rachel's sharpest contribution came as a quiet counter-line to the AI-optimism running through the panel.

"We work in partnership with brands and with creative agencies, and they do all this tremendous work — and then meta can just come in and totally fuck it up with their AI automation. So we're very protective of how we set up our campaigns, because there's brand identities at stake. We have a lot of talks about how we set up our campaigns and when we do not want AI to take control, because it makes things worse." — Rachel Brandt
  • Turning AI off is now a deliverable. Opting out of default auto-optimizations on platforms like meta to protect brand identity is a service an agency provides to clients — not a shortcut they take from clients.
  • If "we use AI" is part of your pitch, "here's where we don't, and why" needs to be right next to it.
Moment 12 · The Margin Question (The Room's Quietest Agreement)

The moderator asked: are any of you seeing downward pressure on margin from client AI expectations?

Lauren: "Not yet. The questions are being asked. Nobody's putting enough pressure to actually say we have to act on it."

Jaime: "Yeah, same, not yet. I don't think."

Rachel: "It's not like downward pressure. It's almost an upward lens of that — actually, I want to see the work get better. I want to see you respond faster because of these tools."

  • The margin conversation is 6–12 months away for most indies. It is not zero away. Principals should be modeling the scenario now.
  • Rachel's reframe is load-bearing. The immediate client expectation is not cheaper. It's better and faster. Agencies treating it like a margin conversation will negotiate on the wrong axis.
Moment 13 · "How Do We Level Up Our Young People?"

The moderator asked the session's softest and most important question. He started his career as an unpaid intern prepping reports and taking notes — exactly the tasks AI now does.

Lauren: "They know how to use AI better than all of us. The younger ones are coming in to teach me. Teaching them to prompt, teaching them to ask the right questions is where I have to come in and say: the strategic thinking behind what you're asking is where you need to work."

Kyle: "Use case demonstration. A little road show with all our teams to inspire them to share use cases with each other."

Jaime: "Now that AI is doing note-taking and reporting, we have an opportunity to get the younger team members into the work faster. This summer we're aligning our internship program with our pro bono program so they actually get to be working."

Rachel: "They're spending time thinking about, 'here's an idea I can bring to the client,' instead of the time it had been spent in interns past: 'where can I find that answer?' I'm inspired by them every day."

  • The intern job of 2015 does not exist anymore. Don't grieve it. Redesign the role to put juniors into the work earlier — real briefs, real clients (pro bono if you have to), real strategy.
  • Reverse-mentorship is real. Prompt-craft lives with your 24-year-olds. Strategic framing lives with the principals. The org chart should match.
Moment 14 · The "2,000 People To 2 People" Story

Kyle closed with the sharpest line of the session. On a stage last year, a very large agency said their ambition was to take their operation from 2,000 people to two people. It struck a chord.

"We're now going to just start focusing on people as our positioning, and underpin with technology that helps them. It's a people business, and we want to stay that way." — Kyle
  • A large agency's "2,000 to 2" ambition is a positioning gift to every indie. If the holdcos are selling a future without humans, indies can sell a future with humans, underpinned by technology.
  • "People, underpinned by technology" is the cleanest indie AI positioning that came out of the entire session. Steal it.
THE MOMENT
THE ROOM GOT
UNCOMFORTABLE

No shouting match on this panel. The tension was quieter and arguably bigger — a structural disagreement about what in-house means as a posture.

Jaime's position: full in-house media, built four years ago, is now a cost structure she's actively questioning. Declining media revenue + rising complexity = overhead she's not sure she can justify.

Kyle's position — from a much larger integrated shop — was the opposite: the five-year shift has been away from "do everything ourselves" and toward a dedicated partnership function. More partners, not fewer. A task force just to vet them.

Rachel's position was the hybrid compromise: in-house + partner agencies + freelance, specifically because one-track models (she tried freelance-only and got burned) are fragile.

There is no right answer to the in-house vs. outsource question. There is only the right answer for this quarter, this client mix, this complexity level. The agencies treating this as a once-and-done structural decision are going to get caught. — The uncomfortable truth nobody said out loud
THE AGENCIES TREATING THIS AS A ROLLING RE-DECISION EVERY 12-18 MONTHS ARE GOING TO SURVIVE.

Worth bringing to the follow-up: how often should a principal formally re-evaluate their media operating model, and what are the trigger conditions?

ROOM
VOCABULARY

The named concepts Session 4b gave the IAN community. Use them.

TermWho Named ItWhat It Means
"Yes, No"RachelThe sound of an indie saying yes to revenue they shouldn't, before they've built the system.
Validation, Not PlanningLaurenThe current mature use of AI in media: stress-testing the finished plan against the CMO brain before the client does.
Bad-Idea DisposalJaime / her creative teamAI's real creative-side job: burning through obvious options quickly so the team gets to interesting ones faster.
Organic AI AdoptionKyleAI rollouts that come up from the team identifying friction, not down from leadership mandating usage.
Turn AI Off On PurposeRachelA deliverable. Actively opting out of platform auto-optimizations on meta etc. to protect the brand work clients pay for.
"People, Underpinned By Technology"KyleThe cleanest indie positioning against holdcos chasing the "2,000-to-2" headcount story.
The Smarter Client ProblemPathlabs moderatorClients now read their own data with AI before the call. Arrive with the agency's narrative, they arrive with the data's — you lose.
The In-House Re-DecisionJaimeIn-house media is not a destination. It's a current posture, re-evaluated every 12–18 months.
The Weekend BuildKyleYour CTO watching a SaaS demo and saying "I could build that" — now a real business-model event.
The Expectation Is UnevenKyleCreative clients are nervous about AI. Media clients want evidence. Two conversations, two scripts.
EXACT
LANGUAGE

Steal these verbatim. Words picked on stage for a reason.

RACHEL'S "TURN IT OFF" FRAME — ON HOW YOU SET UP PAID SOCIAL CAMPAIGNS
"There's brand identities at stake here. Here's where we do use AI, and here's where we specifically turn it off — because that's how we protect the work you've invested in."
LAUREN'S "CMO BRAIN" VALIDATION FRAME — ON THE BACK END OF EVERY PLAN
"Before this goes to you, we run the whole plan through the question set your CMO is going to ask. What are the white spaces? What have we forgotten? What is the first pushback going to be? That's what we use AI for."
KYLE'S EFFICIENCY REFRAME — FOR THE CLIENT WHO ASKS "HOW ARE YOU USING AI TO DRIVE EFFICIENCIES?"
"It's allowing us to do more, not less. Same team, deeper work, more creativity and curiosity in the room — not fewer people on your account."
RACHEL'S SMALL-AGENCY POSITIONING ON CLIENT DASHBOARDS
"What's the dashboard you need to see right now? What's happening with your brand, what's performing, how's it working? Let's build that."
THE QUIET INDIE ANSWER TO "WHERE DO YOU SEE YOUR AGENCY IN A FEW YEARS?"
"It's a people business. We want to stay that way — and we're going to underpin the people with technology that lets them spend more time in creativity and curiosity."
THE QUOTE
WALL

Pull these for your team channel, your Monday standup, or your own notebook.

"It's never been more complicated to buy media." — Lauren Ridgley
"We said 'yes, no.'" — Rachel Brandt, Corner Table Creative
"In the way that our clients deserve — it's a challenge." — Jaime Ekman, Stolz
"Everybody was a competitor. Everybody was trying to use our data. We have massively shifted on that." — Kyle Eckhart, Rain
"It's not replaced any people at our agency yet. And I don't plan on it." — Lauren Ridgley
"A whole lot more bad ideas out of the gate, so you can get to the good ideas faster." — Jaime Ekman, quoting her creative team
"Meta can just come in and totally fuck it up with their AI automation." — Rachel Brandt
"Our clients are a lot smarter now." — Mario Schulzke, Pathlabs
"It's not downward pressure. It's almost an upward lens — I want to see the work get better." — Rachel Brandt
"It's a people business, and we want to stay that way." — Kyle Eckhart, Rain
"We're now going to just start focusing on people as our positioning, and underpin with technology that helps them." — Kyle Eckhart, Rain
THE ACTION
CHECKLIST

Thirteen concrete moves. Pick one. Put it in motion this week.

  1. Write your agency's "In-House vs. Outsource" re-decision calendar.

    Every 12–18 months. Put it on the books. Jaime's decision point is not an accident — it's a posture. Make it yours.

  2. Stand up a "Validation Pass" on every plan before it ships.

    Lauren's move. Run the finished plan through AI prompts: "You are the CMO. What questions would you ask? What's missing? What will you push back on first?" Before the client does.

  3. Appoint a partnership lead — even if it's a 10%-of-job role.

    Kyle's task force at agency scale. At indie scale: one person, one spreadsheet. Clients are asking who else you know.

  4. Audit your paid social accounts for AI auto-optimizations you should turn off.

    Rachel's rule. Go account by account. Make "here's where we turned AI off, and why" a line item in your next client QBR.

  5. Build one internal AI tool for your own operations before you build one for a client.

    Rachel's financial dashboard, built in a week and a half with a fractional CFO. Pick the spreadsheet you hate most. Start there.

  6. Run an internal AI use-case road show — team by team.

    Kyle and Jaime's model. Don't teach AI. Collect use cases. Let the best ones spread laterally.

  7. Rewrite your intern/junior job description.

    The report-prep and note-taking job is gone. Align the internship to a pro bono client or a live account from day one. Put them in the meat of the work.

  8. Install reverse-mentorship pairs.

    A senior and a junior, 30 minutes a week. Junior teaches prompt-craft. Senior teaches strategic framing. Both learn what they don't have.

  9. Stress-test your margin model for a 10% AI-efficiency price concession — even though clients aren't asking yet.

    Lauren, Jaime, and Rachel all said "not yet." The pressure is coming. Model it now so you're not negotiating blind when it does.

  10. Sharpen the two-track AI message: one for creative clients, one for media clients.

    Kyle's observation. Creative clients want reassurance. Media clients want evidence. Walking in with the wrong script is a tell.

  11. Build one client-facing dashboard prototype using your own internal-tool workflow.

    Rachel's inspiration pivot. If it worked for your CFO view, it works for a brand-performance view.

  12. Add AI-data literacy to the agency playbook — assume clients are bringing their own analysis.

    Pathlabs' smarter-client warning. Arrive at the meeting with your narrative AND the data's narrative. If you can't, the meeting's not yours anymore.

  13. Write a one-sentence positioning statement: "People, underpinned by technology."

    Or your version of it. Kyle's response to the "2,000 to 2" story is the indie sector's cleanest AI counter-positioning. Claim it.

BRING THESE
TO THE FOLLOW-UP

Shared with Session 4a — Thursday, May 21. Jot your real answers here. We'll open the live session with them.

When was the last time you formally re-decided your media operating model (in-house, hybrid, outsourced)? What would trigger the next re-decision?
Where is AI currently turned ON in your client work? Where is it deliberately turned OFF? Can you articulate why for each?
What internal agency tool are you most avoiding building because it feels indulgent — and what would it actually save you if you built it?
If a client asked you today, "How are you using AI to drive efficiencies in my business?" — what is your exact answer? Is it "more, not less"?
Who are the three partner agencies or tech partners you would call first if a client asked "who else is great in this space?" If you don't have three, what's your plan?
Describe your intern/junior program one year from now, assuming AI has replaced note-taking and basic reporting entirely. What is the new shape of the junior job?
What's your one-sentence AI positioning — the version of "people, underpinned by technology" that is honestly true for your agency?
SPEAKER
CREDITS
SESSION 4B — MEDIA MODELS + AI
  • Mario Schulzke — Chief Operating Officer, Pathlabs (moderator — IAN's first preferred partner)
  • Lauren Ridgley — Founder + CEO, Left Hand Agency
  • Jaime Ekman — President + CEO, Stolz
  • Rachel Brandt — CEO + Co-Founder, Corner Table Creative
  • Kyle Eckhart — Chief Operating Officer, Rain
THE REST
OF THE WEEK

The Chicago Summit doesn't end when the lights go down. The week of May 18, a 90-minute live conversation for every session — same time every morning, 7am PT / 10am ET. Come to yours. Come to all five.

Session 01
Articulating the Indie Advantage
Monday, May 18 · 7am PT / 10am ET
Pitches, procurement, holdco-to-indie culture, the long game of biz dev.
meet.google.com/nwu-pnym-ntz
Session 02
Myth Busters: What CMOs Actually Experience
Tuesday, May 19 · 7am PT / 10am ET
A reality check against every indie talking point, straight from the CMOs.
meet.google.com/qod-bxww-pdj
Session 03
What Marketers Really Want
Wednesday, May 20 · 7am PT / 10am ET
Brand-agency relationships, intimacy, and the growth that actually sticks.
meet.google.com/tpy-eqkg-qrd
Session 04 · Your Conversation (4a + 4b)
Where Adland's Placing Its Bets
Thursday, May 21 · 7am PT / 10am ET
M&A, tech stacks, media, and the talent models reshaping the industry. Shared follow-up for both halves of the block.
meet.google.com/zpt-nwpz-yoi
Session 05
Protecting Your Work
Friday, May 22 · 7am PT / 10am ET
IP, legal frameworks, and the influencer economics most agencies are getting wrong.
meet.google.com/tfv-vhoh-wof
THANK YOU
FOR BEING
IN THE ROOM.

This recap is part of the Indie Agency News Blueprint series — the premium content product built from our live events. You were told not to take notes. We meant it.

IAN · BLUEPRINT · SESSION 04B
↑ Back to the Hub
INDIES RISING SUMMIT CHICAGO
SESSION 05
PROTECTING
YOUR WORK
IP, TALENT + THE INVISIBLE INVOICE
IAN LEADERSHIP SUMMIT
CHICAGO · APRIL 15, 2026
TABLE OF
CONTENTS
→ YOUR FOLLOW-UP LIVE CONVERSATION
Friday, May 22 · 7am PT
meet.google.com/tfv-vhoh-wof
Come with the questions you jot down on the back pages of this recap.
YOU WERE
THERE WHEN…

…Sharon said the quiet part out loud: this was the only session standing between you and the open bar.

And then she pulled the room closer anyway. Because the thing she and Lori and Paul were about to walk everybody through — the invisible invoice, the talent trap, the IP treasure hunt — is the part of the work that quietly eats your margin, poisons your client relationships, and occasionally torches a multi-million-dollar campaign before it ever goes live.

The opening beat was a fake brief: Golden Organic Popcorn, a World Cup tie-in, a retired soccer player, a celebrity chef, a licensed song. Looks clean on paper. $225K budget. And then Paul started adding up what wasn't on the page.

"That $225,000 budget can go up to $300 really quick."

The budget you showed your client isn't the budget. The contract you signed isn't the deal. The talent you booked isn't the person who walks on set.

THE WHOLE BLOCK IN ONE ANSWER

Protecting the work means pricing, papering, and planning for all of it — before the client sees the number.

Session 5 ran as three walk-throughs with heavy audience participation, candy bribes included:

The Invisible Invoice — every cost in a celebrity/influencer deal that isn't in your budget line.

The Talent Trap — bad behavior, morals clauses, and brands behaving worse than the talent.

The IP Treasure Hunt — a hypothetical insurance campaign dissected for every piece of intellectual property it generates, including the AI layer.

WHAT SESSION 5
WAS TRYING
TO ANSWER

Every indie agency signs statements of work, negotiates with influencers, and drops generative AI into the workflow. Most do at least one of those three things badly enough that it costs them money, a client, or a night of sleep.

The session asked two connected questions:

What are the hidden costs, contract traps, and IP landmines that agencies consistently walk into with their eyes closed — and what's the exact language and discipline that keeps you out of them?

A note on overlap. This session overlaps ground covered in IAN's AI + Legal Blueprint already published on indieagency.news. Where Sharon touched AI contract policy and human-authorship ownership, we've noted it briefly and pointed you there. Everything else here — celebrity deal economics, morals clauses, influencer content licensing, synthetic likeness pricing — is fresh from Chicago and not in that earlier report.

WHO WAS
IN THE ROOM

A moderator, two long-time partners who finish each other's war stories, and a room full of principals with their own horror stories — bribed into sharing with Starbucks cards and Paydays.

THE PANEL
  • Sharon Toerek — CEO + Founder, Toerek Law. IP and marketing law specialist. (moderated the session and ran the IP treasure hunt)
  • Lori Golden — Partner, Abalone. Nearly two decades negotiating celebrity, music, and IP deals. Based in Chicagoland.
  • Paul Williams — Partner, Abalone. Sixteen years working with Lori, first through holding companies, now two years independent. Specializes in celebrity partnerships.
AUDIENCE PARTICIPANTS
  • Heather — volunteered as runner, distributing Starbucks gift cards and candy (Paydays included) to anyone willing to share a war story.
  • Doug (Zanger) — pulled in for a question on IP in product names and taglines.
  • Multiple unnamed agency attendees — flagged in this recap as "an agency attendee" or "a principal in the room."
Energy in the room: loose, a little tired (last session of the day), but candid. The candy bribes actually worked. Once one person raised a hand with a horror story, three more followed. The session ran more like a working group than a panel — less "here's what we know," more "here's what we've watched blow up, and here's what we'd do differently."
PART ONE
THE INVISIBLE INVOICE
+ THE TALENT TRAP

Sharon set the fake brief. Lori and Paul walked the numbers, the contracts, and the people. What started as a line-item exercise turned into a string of unprintable on-set stories — morals clauses, nine-minute shoots, and the brand that demanded 200 takes.

Moment 01 · Golden Organic Popcorn

Sharon set up the fake brief, Lori walked the parameters: a World Cup tie-in, not an official sponsor, salty-snacks exclusivity, a :30 spot, some influencer PR support, a wish list that included Megan Rapinoe, Guy Fieri, and Imagine Dragons' "On Top Of The World" for the music bed.

"Megan Rapinoe is 150, Guy eats up the rest. Then you look at the SAG fees — pension and health, payroll fees and taxes. Right there, you're above budget. Add in glam, makeup, groomer. Travel cost. And a lot of times, if it's 360, these celebrity talent will ask you to pay their publicist to vet the media. That $225,000 budget can go up to $300 really quick." — Paul Williams

Lori's addition: a past Super Bowl campaign had SAG side costs — roughly 18.5% of talent fee, over a million dollars — accidentally deleted from the budget by a brand director.

  • The budget you showed the client is not the budget. Itemize SAG pension and health, payroll, glam, travel, and publicist fees as their own lines — not bundled into "talent."
  • If you can't afford Rapinoe + Fieri, the pivot isn't "ask for more money." The pivot is a smaller talent tier or a cheaper music license — before the client falls in love.
Moment 02 · Content Use Rights
The three-way fight nobody wins quickly.

Influencer wants exclusivity for a defined term. Brand wants to own the content outright. Agency gets squeezed in the middle. Paul's framing, the cleanest put-it-in-a-sentence version anyone has offered:

"You have to get the brand on board that, hey, this creator is creating the content as a work for hire, which you are licensing throughout that term. When that term is over, the creator retains the right to that — but he can't use that content without your approval." — Paul Williams

Sharon, from the IP-lawyer chair: "Just because you can own the IP, or you would like to own IP in the content, doesn't mean that you really need to, or that it has commercial value. You have to factor that into what you're willing to pay for it."

  • Most influencer content should be licensed for a term, not owned outright. Ownership costs more than it's usually worth.
  • After the term ends, talent keeps the underlying rights — but can't redeploy without brand approval. That's the middle path, and the one to paper for.
  • IP you don't need is IP you shouldn't pay for.
Moment 03 · The Hidden Cost Of Time

An attendee volunteered a story: media agency missed that the talent deal had a hard end date. Content ran past the window. Agency had to go back to the client for more money. Paul pulled up a current deal that illustrates the inverse trap — a client wants to sign now for usage that starts in October:

"They want to get the contract signed now, and keep the talent exclusive throughout the term. But the talent's pushing back — you're not keeping them exclusive just during October to February. If they sign today, it's almost a 10-month term. So we're massaging through that now." — Paul Williams
  • The usage window and the exclusivity window are not the same thing. Paper them separately.
  • Early signing = longer exclusivity = higher cost. If the client wants certainty now, they're paying for the months between signing and start date.
  • Pad the usage window. If a delay pushes you into the next month with no contract coverage, you're back at the negotiating table at the worst possible moment.
Moment 04 · The Talent Trap, Part One
Personality management.

Lori's set piece. A-list celebrity, campaign shooting in Spanish, Mexico City-based agency, Long Island mansion location. Red flags before shoot day:

  • Talent's team tried to use the deal as a trial run for an untested glam writer and lighting writer. ($35K per shoot day for hair and makeup alone.)
  • Multiple weeks of fighting about whether talent had to travel from NYC to Long Island.
  • On set, talent called the product "shit" in Spanish, thinking nobody understood. The brand's business lead did.
"It was a joke, according to the rep, and they took it very seriously. So this was a huge effort in managing both sides. Massaging it with the client, making sure they understand we're going to make it okay. I got the talent manager to apologize and kind of cuddle the client a bit. They extended it by another year — so clearly it wasn't bad enough." — Lori Golden

Paul's add: phoner day, connection keeps dropping, by the third drop the talent chucks the PR agent's phone against the wall — "I'm done with this shit." His summary: all talent influencer deals with personality are a hurricane. Lori and Paul's job is to sit in the middle and be the calm.

  • Qualitative data about on-set behavior matters as much as quantitative audience fit. When the data points to the right personality, measure it against whether that person shows up late and delivers clean on PR.
  • Don't fall in love with one piece of talent. Come in with three to five options so the brand has somewhere to pivot when diligence turns up a problem.
Moment 05 · The Nine-Minute Shoot

An attendee, fast and flat, bled into laughter:

"The deal was he'd be on set for four hours, including load-in, load-out. Then four hours became two hours. Then — I'm not joking — 30 minutes. Then two days beforehand, 30 minutes became nine minutes. And then, the day before, the nine minutes became zero. We had all the production equipment leased, the crews. There was a massive fight about who was going to pay for it." — Anonymous agency attendee
  • A signed contract is not the end of the negotiation. With certain talent, it's the opening bid.
  • Put cancellation windows, load-in minimums, and kill-fee language in the contract — not just the total fee. If the session collapses from four hours to nine minutes, you want paper on who's paying for the leased equipment.
Moment 06 · The Morals Clause
Put it in every single deal.

Sharon's own story first: a campaign launched, old social content resurfaced that was racially inflammatory, termination had to happen same day. "We had quite a fight on our hands, because they wouldn't go down without one."

Paul's story, ten years back, is the one to memorize:

"I was negotiating a deal where the client was dead set on not including the morals clause. 'No, this guy will never do anything, he's so squeaky clean.' Boom — six months later, it became a huge thing. They put the morals clause in before he signed, but without it they would have been on the hook for the entire amount — multi-million dollars. If there's one thing you leave here with, include that morals clause." — Paul Williams

Sharon, adding the legal nuance most agencies miss: "It's not always about the talent doing something illegal or immoral. Sometimes it's them taking a stand where the brand wants to be completely neutral. Sometimes it's a cause the brand does not want to be allied with. These clauses are written to provide a lot of discretion to the brand."

Lori raised the reverse: at the height of Me Too, sophisticated talent reps started asking for mutual morals clauses — protecting the talent if a brand exec or ingredient issue blew up.

  • Morals clause in every single talent contract. Non-negotiable.
  • Write it broadly enough to cover political stances and cause alignment, not just criminal behavior.
  • Consider the mutual version. Refusing it signals only one side of the deal has a reputation to protect.
Moment 07 · When The Brand Is The Problem

Paul's second horror story — the one that matters because most of Session 5 makes the talent the villain, and it's not always the talent. Creative approved, contracts signed. Then the brand and agency quietly changed the creative, asked talent at the wardrobe fitting to wear something she hadn't agreed to, added an unapproved prop. On a two-day shoot, they kept her for nine hours and had her read a line 200 times. They wanted 50 more.

"The account director and the brand said, 'We're paying X amount, she's going to do what we say and leave.' I had to jump in between the agent and the account director. We still had another day to shoot. We figured it out." — Paul Williams

Day two, different problem: director gifted the talent a scarf from his wife's company and then proceeded to shoot the setup as if it were an advertorial. "We had to sign a contract on set, handwritten, old-school, so it wouldn't get publicized — like a will."

  • The agency's job isn't only to manage the talent. It's to keep the brand from bulldozing the contract after the paper is signed.
  • When the brand overreaches, the agency principal is the only adult in the room who can say no and still have a career on Monday. Nobody else will.
PART TWO
THE IP
TREASURE HUNT

Sharon's setup: a hypothetical insurance campaign targeting Gen Z professionals who think they'll live forever. Integrated: social channels, influencer content, direct response, a microsite with a proprietary quote calculator, original product names and taglines, celebrity testimonials, people-on-the-street interviews. The prompt to the room: find all the IP. Candy for every landmine spotted.

Moment 08 · Product Names + Taglines

Zanger called out the first one. Sharon's response: "Trademarkable, ideally — but need to be cleared first. You don't want a product name or tagline that will cause confusion with any other products on the market in a similar category."

The layer agencies forget: visual identity elements — logos, jingles, sonic trademarks — carry both copyright and trademark implications.

  • Clear taglines and names against the USPTO database before the pitch deck, let alone air. Clearance is cheap. A mid-campaign cease-and-desist is not.
  • Jingles and sonic IDs are double-protected. Budget for both copyright registration and trademark application.
Moment 09 · The Microsite Software

The quote calculator generated the longest answer of the treasure hunt:

"This may be software that's proprietary to the agency. They may have expertise in this vertical, built the back end, own it, used it for multiple clients — but they're licensing it to the brand. That's an intellectual property transaction. The actual look and feel of the microsite is subject to copyright protection, which is an intellectual property issue." — Sharon Toerek
  • If you built it once and can use it again, license it. Don't hand over the underlying IP in a standard SOW and then wonder why you can't use your own proven tech for the next client.
  • The look and feel is a separate IP layer from the code. Both need to be papered.
Moment 10 · Influencers vs. Creators

Sharon made the distinction explicit:

"A creator and an influencer are not always the same thing. You can be an influencer without creating a lot, because you have a sizable platform. And you can be a creator without having a lot of influence. You need to work both of those issues out in an agreement, because they both have intellectual property implications." — Sharon Toerek
  • Your contract template probably conflates the two. Split it. An influencer deal is a license to their audience; a creator deal is a license (or work-for-hire) on IP they produce. The same person may be both, but the rights you're buying are different rights.
Moment 11 · People On The Street = N.I.L. Releases

Quick hit from Sharon: any interview or ambient capture at a sporting event, a concert, a street corner requires name-image-likeness releases. Not just for the big talent — for the background.

  • Have the release template on the clipboard before the crew leaves the van. The capture isn't worth anything if you can't clear it to air.
Moment 12 · Audience Targeting Data

An attendee asked whether commissioned audience research (the Gen Z avatar) counted as IP. Sharon's answer refined the category:

"The tech that's created to accomplish that is probably IP that's protectable. But there are also legal issues around data privacy in use of that data, that are not necessarily IP issues, but they are legal issues the campaign will have to deal with." — Sharon Toerek
  • "Protectable IP" and "legally loaded" are two different questions. The data you collect to build the audience may not be owned by anyone — but how you collect and use it is governed by privacy law that your client's compliance team will drag you into.
Moment 13 · The AI Layer
Two problems, no clean answers.

Sharon, on the part she gets asked about every week. (Fuller treatment lives in IAN's AI + Legal Blueprint — here's what was fresh from Chicago.) Two implications every agency has to address:

"First, whether you might be infringing on somebody else's IP, which is almost impossible to know in advance. Since we can't know it in advance, who's responsible if it happens mistakenly? And secondly, who, if anybody, can own the rights to whatever comes out of generative AI?" — Sharon Toerek

On ownability, she was direct: "A question we get frequently is how much human creation piled on top of AI output will make it ownable. My answer is: there is no amount. We don't know. It's possible to own the human-created elements of a final piece of work, if you can identify them clearly. Documentation is going to be key. But there's no magic percentage."

On the CGI comparison from the audience (isn't this just a new tool?): "The primary distinction is that these major AI purveyors have admittedly used IP owned by other parties without permission, and it's in their training data. You cannot know whether you've infringed somebody else's rights by using generative AI."

  • You cannot contractually warrant that AI-assisted work is non-infringing. So your contract has to allocate that risk — in writing, on both sides.
  • Write the internal AI policy. Write the external one. Share both. The client's procurement team will ask within the next two RFPs.
  • Document the human-authored layers. You can't protect what you can't prove you made.
Moment 14 · Synthetic Performers

Sharon's close on the AI topic widened into the next-five-years fight in the influencer economy:

"Brands are starting to flex a bit on synthetic use of synthetic performers and duplications of likenesses. This has legal implications in the contract and financial implications — no talent worth their salt is going to agree to have their image replicated for multiple reasons in an indefinite period of time without more compensation. Don't be surprised if these are conversations you start having with your clients." — Sharon Toerek
  • Synthetic likeness rights are a line item. A talent agreement that doesn't address them now will be the lawsuit in 2027.
  • The brand side is going to push. Your job is to make sure the talent side has language making replication a separate negotiation, not an assumed right.
THE MOMENT
THE ROOM GOT
UNCOMFORTABLE

The disagreement wasn't loud. But it ran between Lori and Paul on one side and the room on the other.

The audience kept expecting a cleaner answer to "how do you protect against this?" Paul and Lori kept refusing to give one. The underlying tension: a lot of this cannot be planned for. It has to be absorbed.

"There's so many things going on. The IAT wants everything, CMOs want everything, talent wants everything. The director has his own agenda. The agents have their own agenda. What Lori and I do is sit in the middle of it and try to be the calm." — Paul Williams
"The best partnerships with talent are when both sides look at each other as a partner. It's not you're paying someone to do this only. It's really respecting each other, coming on board for the greater good. If it feels like we're paying you like buying a product versus paying a person, that's when relationship things really can go wrong." — Lori Golden
YOU CANNOT CONTRACT YOUR WAY OUT OF EVERY TALENT DISASTER.

The legal paper is necessary but insufficient. The real protection is the person in the middle who has the relationships to de-escalate at 2 AM. If the answer to "who plays that role on your team?" is "nobody, I guess me," that's a business model problem, not a staffing one. Bring it to the follow-up.

ROOM
VOCABULARY

The named concepts Session 5 gave the IAN community. Now shared shorthand — use them.

TermWho Named ItWhat It Means
The Invisible InvoiceSharonEvery cost in a celebrity/influencer deal that isn't on the budget line — SAG, payroll, glam, travel, publicist vetting. Assume 30%+ above your quoted talent fee.
The Talent TrapSharon / Paul / LoriThe gap between what a contract says talent will deliver and what actually happens on set. Managed with backup options, diligence on reps, and thick relationship muscle.
The HurricanePaulThe state of any celebrity deal in active production. IAT, CMO, talent, director, agent, publicist — each with their own agenda. Your only job is to be the calm.
Mutual Morals ClauseLori / SharonStandard brand-protective morals clauses should now run both ways. Sophisticated reps ask for reverse morals clauses. Refusing signals only one side has a reputation.
Quantitative + Qualitative DataPaulAudience-fit data tells you who the right talent is. Qualitative data — how they treat crews, whether they're late — tells you whether you can use them.
Work For Hire With ReversionPaulMiddle path on influencer content: creator makes it as work-for-hire, brand licenses for the term. Talent retains the asset after, but can't redeploy without approval.
The Documented Human LayerSharonThe only path to ownable IP in a world of generative AI tools. You can't own the AI output. You might own what you provably added on top.
Synthetic Likeness RightsSharonThe next frontier in talent contracts. Rights to digitally replicate a performer's image, voice, or likeness beyond the original capture. A separate line item — or the lawsuit.
EXACT
LANGUAGE

Steal these verbatim. Language built on stage for a reason.

PAUL'S CONTENT LICENSING FRAME — FOR NEGOTIATING INFLUENCER AND CREATOR DEALS
"The creator is creating the content as a work for hire, which you are licensing throughout the term. When the term is over, the creator retains the right to it — but they can't use that content without your approval."
LORI'S BACKUP-TALENT PITCH — FOR MANAGING CLIENT EXPECTATIONS ON CELEBRITY SELECTION
"Here are three people who would all work. Here's what's great about each, here's what's risky about each. We can tell you right now — this one's publicist is going to insist on being involved. This one has had this happen. This one's a dream."
PAUL'S MORALS-CLAUSE NON-NEGOTIABLE — FOR EVERY SINGLE TALENT CONTRACT
"If there's one thing you could leave here with — ask questions up front and include the morals clause. Every single agreement. No exceptions. If the client pushes back and says 'this person would never,' that's exactly when you need it."
SHARON'S AI ACKNOWLEDGMENT CLAUSE — ADD TO EVERY MASTER SERVICES AGREEMENT
"Client acknowledges that Agency may use generative AI tools in the performance of services, and represents that Client's own policies permit such use. Client agrees to disclose any restrictions on AI usage in writing. Agency makes no warranty that AI-assisted deliverables are free from third-party IP claims arising from the training of such tools."
PAUL'S "WE'RE IN THE CALM" RESET — WHEN A SHOOT IS GOING SIDEWAYS
"There's going to be hills and valleys. We're going to have to weather the storm. You have us here to slow the locomotive — but just know this is what we're going into."
THE QUOTE
WALL

Pull these out. For your team channel. For your standup. For your own notebook.

"That $225,000 budget can go up to $300 really quick, and if you're not managing clients' expectations up front, you will get caught with egg on your face." — Paul Williams
"There's a lot of big personalities involved in all of these celebrity and influencer and creator contracts." — Paul Williams
"It's better for the brand and the agency if the talent has sophisticated representation, because you can cut to the chase a lot more quickly." — Sharon Toerek
"I equate all talent influencer deals with a lot of personality as sort of like a hurricane." — Paul Williams
"If there's one thing you could leave here with — include that morals clause. Every single agreement." — Paul Williams
"It's not always about the talent doing something illegal or immoral. Sometimes it's them taking a stand where the brand wants to be neutral." — Sharon Toerek
"If it feels like we're paying you like buying a product versus paying a person, that's when relationship things really can go wrong." — Lori Golden
"There is no amount. It's possible to own the human-created elements of a final piece of work, if you can identify them clearly. Documentation is going to be key." — Sharon Toerek
"No talent worth their salt is going to agree to have their image replicated for multiple reasons in an indefinite period of time without more compensation." — Sharon Toerek
"The worst thing you can do is not have the work come out." — Paul Williams
"Just because you can own the IP doesn't mean you really need to, or that it has commercial value. You have to factor that into what you're willing to pay for it." — Sharon Toerek
THE ACTION
CHECKLIST

Ten concrete moves. Pick one. Put it in motion this week.

  1. Rebuild your talent budget template with the invisible invoice on it.

    Separate lines for SAG pension and health, payroll fees and taxes, glam/wardrobe, travel, and publicist vetting fees. Stop folding them into "talent" and watching the client flinch later.

  2. Add a morals clause — and a reverse morals clause — to every talent contract in your agency.

    Paul's non-negotiable. Costs nothing to include. Can save you seven figures. Write it broadly enough to cover public stances and cause alignment, not just criminal behavior.

  3. Rewrite your influencer content clause to work-for-hire + licensed term + reversion.

    Use Paul's exact structure. Stop negotiating full buyouts you don't need.

  4. Separate "influencer" and "creator" in your standard templates.

    They're different rights. Your contract probably treats them as the same deal. Fix it.

  5. Bring three talent options to every celebrity pitch — not one.

    Lori's rule. The client falls in love with the backup once they hear what's wrong with the A-list pick. Build optionality into your process so the pivot doesn't feel like a demotion.

  6. Audit every SOW for the usage window vs. the exclusivity window.

    They are not the same thing. Pad the usage window. If the client wants to sign early, charge for the extra exclusivity months.

  7. Write your internal AI usage policy this month.

    Sharon's rule. Also write the external-facing one. Share both with clients. If the next RFP asks (they will), you're already there.

  8. Add an AI acknowledgment clause to your master services agreement.

    Client acknowledges your use, confirms their policies allow it, accepts that training-data risk is not something you can warrant. Use Sharon's version in the Scripts section as a starting draft for your lawyer.

  9. Start documenting the human layer on every AI-assisted deliverable.

    Screenshots of prompts. Revision notes. Named human contributors. If ownership ever becomes contested, that paper trail is the only thing standing between you and a public-domain deliverable.

  10. Pressure-test your next campaign for IP before it goes in the deck.

    Names/taglines cleared. Microsite code licensed vs. transferred. N.I.L. releases on the clipboard. Jingles double-registered. Synthetic likeness rights addressed if AI replication is in scope. Run the Sharon-Paul-Lori treasure hunt on your own campaign before the client does.

BRING THESE
TO THE FOLLOW-UP

Jot your real answers here. We'll open the live session with them.

What's the hidden cost you've been eating on talent deals that should be a client line item?
When was the last time a morals clause would have saved you — or did? What was the deal?
Who on your agency team actually plays Paul and Lori's role on celebrity/influencer deals? If nobody, what's your plan?
Which of your standard influencer contracts still assumes full content ownership? Why?
What's your internal AI policy say today — if anything? What would you be comfortable showing a procurement team?
Where in your campaigns is there unpriced synthetic likeness exposure that your talent contracts don't address?
What's the war story you didn't share in the room that you should have?
SPEAKER
CREDITS
SESSION 5 PANEL — PROTECTING YOUR WORK
  • Sharon Toerek — CEO + Founder, Toerek Law (moderator)
  • Lori Golden — Partner, Abalone
  • Paul Williams — Partner, Abalone
AUDIENCE CONTRIBUTIONS
  • Doug (Zanger) — on-the-record question about IP in product names and taglines
  • Heather — runner / candy bribes
  • Multiple agency principals shared anonymous war stories. Labeled throughout as "an agency attendee" or "a principal in the room."
THE REST
OF THE WEEK

The Chicago Summit doesn't end when the lights go down. The week of May 18, a 90-minute live conversation for every session — same time every morning, 7am PT / 10am ET. Come to yours. Come to all five.

Session 01
Articulating the Indie Advantage
Monday, May 18 · 7am PT / 10am ET
Pitches, procurement, holdco-to-indie culture, the long game of biz dev.
meet.google.com/nwu-pnym-ntz
Session 02
Myth Busters: What CMOs Actually Experience
Tuesday, May 19 · 7am PT / 10am ET
A reality check against every indie talking point, straight from the CMOs.
meet.google.com/qod-bxww-pdj
Session 03
What Marketers Really Want
Wednesday, May 20 · 7am PT / 10am ET
Brand-agency relationships, intimacy, and the growth that actually sticks.
meet.google.com/tpy-eqkg-qrd
Session 04
Where Adland's Placing Its Bets
Thursday, May 21 · 7am PT / 10am ET
M&A, tech stacks, media, and the talent models reshaping the industry.
meet.google.com/zpt-nwpz-yoi
Session 05 · Your Conversation
Protecting Your Work
Friday, May 22 · 7am PT / 10am ET
IP, legal frameworks, and the influencer economics most agencies are getting wrong.
meet.google.com/tfv-vhoh-wof
THANK YOU
FOR BEING
IN THE ROOM.

This recap is part of the Indie Agency News Blueprint series — the premium content product built from our live events. You were told not to take notes. We meant it.

IAN · BLUEPRINT · SESSION 05
↑ Back to the Hub
INDIES RISING SUMMIT CHICAGO
KEYNOTE

YOUR UNFAIR
ADVANTAGE

POSITIONING, IDENTITY,
AND THE FOUNDATION THEORY
KEYNOTE BY ANTHONY REEVES
IAN LEADERSHIP SUMMIT
CHICAGO · APRIL 15, 2026

TABLE OF
CONTENTS

→ NO DEDICATED LIVE FOLLOW-UP
Keynote · On-Demand
Available via the attendee portal
Bring your Foundation answers to any of the five session conversations running Mon–Fri, May 18–22.

YOU WERE
THERE WHEN…

…Anthony stopped, looked at the room, and admitted it.

"Over my career, I have sat in the safe, comfortable middle too much. And so often you hear the word fine, or that will do, or that's okay. And for an indie agency, that's not where you should be."

He'd just come off the stage from Session 1. He had a book out — Eat the Donkey — and a Kirkus review he'd been waiting on for a week. He could have given the victory-lap talk. He didn't.

Instead he told the room the safest thing an indie can do is be forgettable in the middle, the most dangerous place he ever sat in his career, the place most agencies are quietly parked right now.

And then he handed the room the question that doesn't have an easy answer:

"If you are everything, you are nothing."

THE WHOLE KEYNOTE IN ONE LINE

That's it. That's the talk.

The rest is the mechanism — Foundation Theory, pressure-tested against Amazon, Airbnb, Starbucks, Porsche, Patagonia — for actually doing something about it.

Structured loosely in two halves: Part One — Foundation Theory: what it is, how the big companies use it, why most agency decks are indistinguishable, and why AI is about to make that problem worse. Part Two — How Clients Actually Buy: long-term vs. short-term, procurement, the "dumb fuckery" inside marketing teams, and why opinion beats options.

WHAT THE KEYNOTE
WAS TRYING TO ANSWER

Every indie agency is under pressure to do more, say more, win more, add more capabilities, add more AI, bolt on more services. Anthony's keynote asked the opposite question.

If the biggest, most durable companies in the world win by sticking ruthlessly to a single foundation — what is yours? And are you actually running your agency from it, or are you apologizing for it every time you walk into a pitch?

The talk was structured loosely in two halves:

WHO WAS
ON THE STAGE

A single-speaker keynote. No panel, no moderator, no tap-outs.

KEYNOTE — THE ONLY CHAIR ON STAGE
  • Anthony Reeves — Author + Executive Consultant. 25 years inside WPP, Publicis, Amazon, Airbnb, LVMH, Verizon, Kohler, AT&T. New book out: Eat the Donkey. Australian. Unapologetic about it.
INTRODUCTION
  • Doug Zanger — Founder, Indie Agency News. Introduced Anthony as "one of the sharpest minds out there right now" and got off the stage.
Energy in the room: quiet, forward-leaning. Two Q&A hands at the end. Anthony was doing the thing he was telling the room to do — having a strong, specific, slightly uncomfortable opinion and not apologizing for it.

PART ONE

FOUNDATION
THEORY

Anthony piecing together a theory of durable companies: what Amazon, Airbnb, Starbucks, and Porsche actually share — and why most agencies don't.

Moment 01 · The Safe Middle Is The Most Dangerous Place

Anthony opened the keynote by calling himself out.

"Over my career, I have sat in the safe, comfortable middle too much. And so often you hear the word fine, or that will do, or that's okay. And for an indie agency, that's not where you should be. You should be coming with a very strong point of view about life." — Anthony Reeves
  • Safe is not neutral. Safe is the most dangerous position on the board. Being fine is what gets you eliminated first from a CMO's memory.
  • Don't change the voice. Whatever made you start the agency — that's the voice.
Moment 02 · The 22-Agency Pitch

A cola company pitch he sat on the client side of, twelve to fourteen months ago. Search consultant sent 22 agencies. Whittled to 12. Then 8. Then six came in and pitched.

"I can't remember anything about those agencies, except for two things. One is the guy from Jones is an Australian… The second thing is, there was a group of agencies that were stunning as an agency — their work was absolutely phenomenal. But they are assholes." — Anthony Reeves

Then the diagnosis: "Every font, I guarantee, was a version of a sans font. The color of the year was probably purple or red. Every deck was the same. Especially now we have AI, it's all going to be the same."

  • The pitch you think you lost on "fit" or "strategy" — you lost on being indistinguishable.
  • AI is about to flatten everyone else's deck. Terminal problem — or the largest opportunity of your career.
Moment 03 · What Holds You Together As A Brand

The pivot into the core of the talk.

"What is that one thread that you can really stand on? What is that one thing that's going to stick in the mind of a client all the way through? And it's not people, it's not even the work. It's got to be your foundations as a company — what's at your core, what holds you together as a brand." — Anthony Reeves

The confession that followed landed hard: "Marketing agencies, or creative agencies or media agencies — we are the worst at marketing ourselves. We are horrible at it."

  • The one thread is not the roster and it is not the case studies. Both rotate. Both get poached. Foundations don't.
  • If you can't name your foundation in one sentence, your team can't either. And your team is in the next pitch room, not you.
Moment 04 · Foundation Theory (The Framework)

The organizing idea of the keynote.

Anthony pieced it together while leaving Amazon and working on Airbnb. The setup: "Amazon has 1.6 million people that are all aligned to the direction that the company goes. Can you imagine whether you're 10 people, two people, 200 people, if you can get all your team heading in the same direction."

Three big companies he pressure-tested the theory against:

  • Amazon — 14 Leadership Principles. "They keep every employee back to the track of where they should be heading." Amazon isn't a tech company or a retailer. Amazon is one giant customer-experience company, and every innovation (one-click, pre-filled cards, two-hour delivery) is downstream of that one foundation.
  • Airbnb — Calls their principles "filters" (same term Apple uses). They don't own properties. They don't do hotels. They believe in belonging. "When Ukraine first started, they rented I think 90,000 houses in Poland for all the refugees coming out. They believe in that belonging so much they will defend it to the core."
  • Starbucks — Failed in Australia because the coffee is fine, not great. But the foundation is "the third place" — between home and office. Experiences over product. Premium in the everyday. Warm, familiar, part of who you are.
  • Foundation Theory: every durable company runs on a small set of non-negotiable principles that filter every decision made when the founders aren't in the room.
  • The test isn't whether your team can recite your values. It's whether an intern making a decision at 4pm on a Friday would choose the same way the founders would.
Moment 05 · Unreasonable Hospitality

The bridge from big-company Foundation Theory to service-business Foundation Theory. Anthony referenced the Eleven Madison Park story (the source for the book Unreasonable Hospitality and for the show The Bear).

"It's not about the food. The food has to be great. It's not about the service. It has to be five-star service. But they had the foundation of who they really wanted to be." — Anthony Reeves
  • We are in the service business. The food has to be good. The service has to be five-star. That's table stakes. The foundation is what makes a hospitality brand the number one restaurant in the world — or the number one agency on a CMO's call list.
  • Food and service are tickets to play. Foundation is why you keep the seat.
Moment 06 · I Forgot His Birthday

Midway through the opening, Anthony stopped.

"Another confession I have is Doug is an awesome guy. I forgot his birthday, and I feel really bad about it. So make sure you do give him a hug and wish him happy birthday." — Anthony Reeves

Not a moment you'd flag in a generic recap. It belongs here because it's the demonstration of what the rest of the keynote is arguing. Anthony came off a pitch-war story and a Foundation framework and then — without breaking stride — did a small, specific, human, slightly self-deprecating thing in public.

  • The foundation is visible in the throwaway moments. If your agency's foundation is warmth, it has to show up when no one's watching. Like on stage, mid-keynote, at a birthday he forgot.

PART TWO

HOW CLIENTS
ACTUALLY BUY

Anthony switched sides. He now sits client-side on a cola company. From that chair, he named the single biggest anxiety in the CMO seat — and it is not AI.

Moment 07 · The Long-Term Is What Scares Us
"If anyone comes in talking about AI at the moment, they are out the door very, very quickly. It's not talking about headcount. It's not talking about people. The biggest fear that we have as a company is what's happening in the long term." — Anthony Reeves

The specifics: "We did a campaign cola six months ago, and we needed 2500 assets. Anyone can pump those out with Adobe now with Gen Studio or Adobe Express. That's the easy part of the business, and there's no money in that part of the business. Where we struggle is that long term."

  • The short term is commoditized. 2,500 assets is a tool problem, not an agency problem. No margin. No memory.
  • The long-term is the only thing a CMO is genuinely afraid of. Speak to it credibly and you have a seat no AI pipeline can take.
  • Do not lead with AI. You will get walked to the door.
Moment 08 · The Corporatization Of The Marketing Department

Anthony's sharpest client-side rant. The "Uncomfortable Truth" of the keynote — logged separately below, introduced here.

"Dumb fuckery is a new word. It was invented about three days ago. I love it so much. But the internal dumb fuckery that goes on inside of a business is absolutely phenomenal." — Anthony Reeves

His advice to the room: ask the questions clients aren't asking themselves. "The more questions you ask, the more you make them think about — is this the right call, has everyone signed off on the brief, is the CEO aligned?"

  • Client misalignment is the default, not the exception. The RFP that died after six months wasn't the agency's fault. It was internal dysfunction.
  • Your job isn't to launch media. Your job is to solve a client problem — which often starts with getting their own house aligned.
Moment 09 · Own A Slice, Don't Own The Pie

The direct rebuttal to "we do everything" full-service positioning.

"For an indie agency, you should not be going in saying we're full service. We'll do everything for you. It's going to make it too hard, too complicated. When you say full service, what does it mean?" — Anthony Reeves

The counter-example: "Airbnb doesn't own a whole pie. They don't do hotels. They're sticking very much to their core. Amazon has tried a lot of different things — even the Amazon Fire Phone was a phenomenal error — but they've stuck to their core about customer experience over everything else."

  • Own a slice. Be phenomenal at that slice. Full-service is a defensive posture, not a positioning.
  • The biggest companies in the world don't own the pie. Neither should you.
Moment 10 · The Amazon Trust Question

An interview question Anthony has used for years — because the answer applies equally to a hire and to a pitch.

"Tell me about a time when you're about to present to a client and you realize two hours before the presentation that what you're presenting was incorrect. What do you do? And the answer is clearly you say no and don't present the work." — Anthony Reeves

Extended to agencies: "As an indie agency, if you say, 'we don't do that because of these reasons here,' the amount of trust that you're going to build further down the path is going to be astronomical."

  • Saying no is the Foundation Theory test in live conditions. Your principles aren't your deck; they're what you decline when it would be easier to say yes.
  • The "no" is the gift. The "no" is the foundation showing up in public.
Moment 11 · Solving, Not Selling (via Get Naked)

Anthony recommended two books: Unreasonable Hospitality and Get Naked (Patrick Lencioni).

"Get Naked really talks about the difference between selling and solving. When you walk into a client, whether you're consulting on something or offering the service, solving the problem immediately gets you away from this selling side of the business." — Anthony Reeves

In Session 1 he said the same thing from the panel — "Within indie, they came in and solved the problem. And the revenue was always there." In the keynote, it got its source text.

  • Solving moves you from vendor to partner in the first ten minutes. Selling cements you as vendor forever.
  • Read the book. It's short. It's the single cleanest articulation of the mindset.
Moment 12 · Opinions Aren't Options

The cleanest articulation of the anti-options argument in the whole keynote.

"Options aren't going to win the day. Having an opinion is. We are paid for opinions as marketers, as advertising people. All we have is an opinion." — Anthony Reeves

Backed by the Verizon / AT&T direct-marketing story: every time they gave customers more phone choices, response rates dropped. And the Cheesecake Factory aside — "it probably took about 55, 60 minutes to order because those kids can't make up their mind" — was the consumer version of the same truth.

His advice, slightly softened: "You can be nice about it. You don't have to be a dick about it. But having opinions is a really important thing to do."

  • Every option you add to a pitch lowers your response rate. More choices is not more flexibility — it's more friction for the buyer.
  • You are paid for your opinion. Charge for it. Deliver it. Don't hedge it into three mediocre options.
Moment 13 · The Rise Of The Indies (The Charge)

The keynote's closing motivation, and the cleanest quotable line for where the indie moment is right now.

"Now is your time to have a really strong opinion, to have a really strong voice, and you are going to rise. And there's going to be the huge rise of the Indies that's coming now. When we look back in 12 months time, and this time 2027, it's going to be swelling even further." — Anthony Reeves

He also named the economic shift: "The money's moved away from hourly rates, or moved away from margins. Get out of those conversations and really have a very, very strong opinion."

  • The billing conversation has moved. Opinion pricing is replacing hourly pricing. If you're still defending your hourly rate, you're still in the old game.
  • 2026–2027 is the indie surge. Which puts a timer on the Foundation work.
Moment 14 · The Calibration (Risky Work Is Real Risk)

The keynote's one moment of self-check. Anthony pulled back on his own loud-and-opinionated framing to remind the room their clients are humans with mortgages.

"Everyone has to put food on the table, everyone has a mortgage. Really understand what is risky and what is not. Risky work puts their job at risk, and you're talking about it from a person who has done some risky shit in my life — and I love it — but it's actually hurt me more than anything else." — Anthony Reeves
  • Risky work is real risk for the person who buys it. Bring it anyway — but bring it with the cost labeled.
  • Agencies that help clients look good to their CEO are winning disproportionately right now.
Moment 15 · If You Are Everything, You Are Nothing

The closing thesis.

"If you are everything, you are nothing. Don't be everything, be one specific thing." — Anthony Reeves

Porsche as the model: "They are so specific in what they want to be. 'We are going to have rear wheel drive. Screw what's going to happen with aerodynamics.' They fought to the point of being uncomfortable to stick to what they really want to do."

The final ask: "Uncover who you really are. If you can't answer that within two or three minutes, I guarantee that your team won't be able to answer that at all."

  • The two-to-three-minute test. If you can't say who you are out loud in under three minutes, your foundation is not yet a foundation. It's an aspiration.

THE
UNCOMFORTABLE
TRUTH

Keynotes don't have panel disagreement. They have one speaker with one thing they're willing to say that other speakers aren't.

Anthony's was this: most of what's slowing your agency down isn't your positioning. It's your client's internal dysfunction — and you are complicit in it.

"The corporatization of the marketing department is bad. Marketing teams are so unusually not aligned, it's phenomenal. How do you get alignment when people disagree with each other?" — Anthony Reeves
"If I'm a client and my bonus is attached to a sales number, what do you think I'm going to do? I'll push everything through as a sales, because at the end of the day, I'll get an extra 10, 15, 20% at the end of the year." — Anthony Reeves

Uncomfortable because it reframes where agencies spend their anxiety. Most indies are still auditing their own pitch decks, tuning their own positioning, polishing their own case studies. Anthony's argument is that the decisive variable in most lost pitches isn't on the agency's side of the room. It's the CMO's bonus structure. It's an unaligned CEO. It's a brief nobody at the client signed off on.

ANTHONY'S RULE ASK THE ALIGNMENT QUESTION. IT'S MORE LEVERAGED THAN REBUILDING YOUR DECK.

Worth bringing to the follow-up conversations this week: what would change in your pitch process if you treated client internal alignment as the #1 thing you underwrite?

ROOM
VOCABULARY

The named concepts Anthony gave the room. Now shared shorthand — use them.

TermWho Named ItWhat It Means
Foundation TheoryAnthonyEvery durable company runs on a small, non-negotiable set of principles that filter every decision made when founders aren't in the room.
The Safe MiddleAnthonyThe most dangerous place an agency can sit. "Fine," "that'll do," "that's okay" — the pre-elimination words.
The Long-Term FearAnthonyThe single biggest anxiety in every CMO's head. Not AI, not headcount — whether the brand will still be alive in three years.
Dumb FuckeryAnthonyInternal client dysfunction that kills good work before it ships. Misaligned CMO/CEO, short-term bonus structures, unsigned briefs.
Own A Slice, Not The PieAnthonyFull-service is a defensive posture. Owning a single specific thing, phenomenally, is the positioning.
Opinions, Not OptionsAnthonyEvery option added to a pitch lowers response rate. You're paid for an opinion. Deliver one.
The Two-To-Three-Minute TestAnthonyIf you can't state who your agency is in under three minutes, your team definitely can't — and they're the ones in the next room.
FiltersAirbnb / Apple, via AnthonyThe term used by Airbnb and Apple for their foundational principles. Every decision gets run through them.
The Third PlaceStarbucks, via AnthonyStarbucks' foundation: a place between home and office. Foundation over product.
Bring Them A GiftAnthony(Carried over from Session 1.) Every touchpoint, plant a small, free nudge of adjacent value.

EXACT
LANGUAGE

Five scripts you can lift from the keynote. Anthony gave two of them; the other three are derivable from his framework and fit the keynote's voice.

ANTHONY'S "OWN A SLICE" RE-FRAMING — WHEN A CLIENT ASKS IF YOU'RE FULL SERVICE
"We don't claim to be full service, and we don't want to be. We are phenomenal at [ONE SPECIFIC THING], and that is what you will get if you work with us. For everything outside that slice, we have partners we trust."
ANTHONY'S AMAZON TRUST QUESTION — FOR INTERVIEWING A HIRE, OR AUDITING YOUR OWN AGENCY
"Tell me about a time when you were two hours before a client presentation and realized what you were presenting was wrong. What did you do?"
THE ALIGNMENT QUESTION — ASK IT BEFORE YOU BUILD THE PITCH
"Before we go further, I want to make sure of three things. Has everyone internally signed off on this brief? Is the CEO aligned with the direction you're considering? And what does success here look like 18 months from now, not just next quarter?"
THE LONG-TERM REFRAME — WHEN A CLIENT PUSHES ONLY FOR SHORT-TERM SALES WORK
"We can absolutely deliver that. Before we do — have you considered the long-term effect? If we optimize only for next quarter's number, here is what I'd expect to see on NPS, brand awareness, and the kind of company you're associated with in 24 months. That's a trade-off we should make with eyes open, not by default."
THE FOUNDATION OPENER — FOR THE FIRST 90 SECONDS OF ANY NEW-BUSINESS CALL
"Before we talk about what you're trying to solve, here is the one thing you should know about us. We exist to [FOUNDATIONAL PRINCIPLE]. Every decision we make — who we hire, what we say no to, how we run a project — flows from that. If that sounds like the partner you want, we should keep talking."

THE QUOTE
WALL

Pull these out. For your team channel. For your standup. For your own notebook.

"The safe middle is the most dangerous place you can be." — Anthony Reeves
"If you are everything, you are nothing." — Anthony Reeves
"What's at your core, what holds you together as a brand." — Anthony Reeves
"We are the worst at marketing ourselves. We are horrible at it." — Anthony Reeves
"Every font, I guarantee, was a version of a sans font. Every deck was the same. Especially now we have AI, it's all going to be the same." — Anthony Reeves
"The short term is easy. Long term — they're all worried about." — Anthony Reeves
"If anyone comes in talking about AI at the moment, they are out the door very, very quickly." — Anthony Reeves
"The internal dumb fuckery that goes on inside of a business is absolutely phenomenal." — Anthony Reeves
"Own a slice. Don't own the whole pie." — Anthony Reeves
"Options aren't going to win the day. Having an opinion is." — Anthony Reeves
"Now is your time to have a really strong opinion, to have a really strong voice, and you are going to rise." — Anthony Reeves
"Uncover who you really are. If you can't answer that within two or three minutes, your team won't be able to answer that at all." — Anthony Reeves

THE ACTION
CHECKLIST

Fourteen concrete moves. Pick two. Put them in motion this week.

  1. Write down your agency's foundation in one sentence. Time yourself — three minutes, not more.

    If it takes longer than three minutes, you don't have a foundation yet. You have a draft.

  2. Ask three people on your team, independently, "What is this agency's foundation?"

    If you get three different answers, the foundation hasn't been installed. That's the work for the quarter.

  3. Open your last three pitch decks. Count how many of them could have been sent by a different agency with the logo swapped.

    If the answer is any of them, run the Anthony diagnostic: font, color of the year, same-shaped strategy. Cut what's generic.

  4. Identify one capability on your homepage you'd drop if you were following "own a slice, not the pie."

    Cut it before your next RFP response goes out.

  5. Run the Amazon Trust Question on yourself. What's one client engagement right now where you should be saying no and aren't?

    Make the call this week.

  6. Kill the AI-first opener on your next pitch call.

    Anthony's warning is explicit: clients hear AI and mentally walk you to the door. Lead with the long-term brand question instead.

  7. Before your next proposal, send the client three alignment questions in writing.

    Has everyone signed off? Is the CEO aligned? What does success look like in 18 months? Watch what comes back — or what doesn't.

  8. Reduce your next pitch from three options to one opinion.

    Lencioni's Get Naked. Anthony's direct mail data. Same answer. Options are friction. Opinions convert.

  9. Rewrite your "Why [Your Agency]" page as a Foundation statement, not a capabilities list.

    Starbucks doesn't lead with "we roast coffee." Airbnb doesn't lead with "we run a booking platform." Lead with the belief.

  10. Name the one thing your agency will defend to the core, the way Airbnb defended belonging when Ukraine refugees needed housing.

    Whatever it is, that's your foundation. If you can't name it, that's your project.

  11. Read Get Naked by Patrick Lencioni. Circle every place the book describes the shift from selling to solving.

    Two hours. The cleanest articulation of the selling-vs-solving frame Anthony has made a career on.

  12. Read Unreasonable Hospitality by Will Guidara.

    It is not about restaurants. It is about Foundation Theory applied at full volume in a service business. Which is your business.

  13. Audit your bonus structure (yours and your team's).

    If the incentives reward short-term revenue, you will unconsciously push clients toward short-term work. Anthony's "CMO bonus" rant works on agency principals too.

  14. Decline one piece of work this quarter you know you shouldn't take — and tell the client why.

    The "no" is the foundation showing up in public. It is the most trust-building act in your fiscal year.

BRING THESE
TO YOUR FOLLOW-UP

Jot your real answers here. Use them as the opening questions at whichever session follow-up you attend Mon–Fri, May 18–22.

Who are you, really — as an agency, in one sentence, under three minutes?
What's your foundation? Not your values, not your capabilities — the one principle every decision flows from when you're not in the room?
Where are you still sitting in "the safe middle"? What would it cost you to leave it this quarter?
What's the slice you should own — and what do you need to stop claiming to do in order to own it?
What's the one long-term brand question your current clients are quietly afraid of? Have you ever named it out loud with them?
What would you defend to the core, the way Airbnb defended belonging? Is there evidence in your last 12 months that you actually did?
Where is the "dumb fuckery" inside your own client relationships right now? What's the alignment question you're not asking because it's awkward?
If 2026–2027 is the "rise of the indies" Anthony is predicting — what does your agency need to become to ride it, and what does it need to let go of?

SPEAKER
CREDITS

KEYNOTE — YOUR UNFAIR ADVANTAGE
  • Anthony Reeves — Author + Executive Consultant. Author of Eat the Donkey (2026). 25 years across WPP, Publicis, Amazon, Airbnb, LVMH, Verizon, AT&T, Kohler.
INTRODUCTION BY
  • Doug Zanger — Founder, Indie Agency News.
BOOKS REFERENCED DURING THE KEYNOTE
  • Unreasonable Hospitality — Will Guidara
  • Get Naked — Patrick Lencioni
  • Eat the Donkey — Anthony Reeves

THE REST
OF THE WEEK

The Chicago Summit doesn't end when the lights go down. The week of May 18, a 90-minute live conversation for every session — same time every morning, 7am PT / 10am ET. The keynote doesn't have a dedicated live follow-up — bring your Foundation answers to any of the five session conversations below.

Session 01
Articulating the Indie Advantage
Monday, May 18 · 7am PT / 10am ET
Pitches, procurement, holdco-to-indie culture, and the long game of indie biz dev.
meet.google.com/nwu-pnym-ntz
Session 02
Myth Busters: What CMOs Actually Experience
Tuesday, May 19 · 7am PT / 10am ET
A reality check against every indie talking point, straight from the CMOs.
meet.google.com/qod-bxww-pdj
Session 03
What Marketers Really Want
Wednesday, May 20 · 7am PT / 10am ET
Brand-agency relationships, intimacy, and the growth that actually sticks.
meet.google.com/tpy-eqkg-qrd
Session 04
Where Adland's Placing Its Bets
Thursday, May 21 · 7am PT / 10am ET
M&A, tech stacks, media, and the talent models reshaping the industry.
meet.google.com/zpt-nwpz-yoi
Session 05
Protecting Your Work
Friday, May 22 · 7am PT / 10am ET
IP, legal frameworks, and the influencer economics most agencies are getting wrong.
meet.google.com/tfv-vhoh-wof
Keynote
Your Unfair Advantage — Anthony Reeves
Available on-demand via the attendee portal
No scheduled live follow-up. Rewatch the talk, run the Foundation exercises in this Blueprint, and bring your answers to the session conversation that best fits your week.
On-demand · attendee portal
THANK YOU
FOR BEING
IN THE ROOM.

This recap is part of the Indie Agency News Blueprint series — the premium content product built from our live events. You were told not to take notes. We meant it.

IAN · BLUEPRINT · KEYNOTE
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These Blueprints are yours. Share with your team. Come back to them when you need them. If something in them sparks a conversation, that was the whole point.

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