Moderated by TheWrap’s Sharon Waxman, the panel featured Matt Stern, a co-founder of the augmented reality company Mira; Mike Wann, CEO of the livestreaming platform Mobcrush; Fanshen Cox DiGiovanni, a playwright, producer and activist who has led the charge in development of Hollywood inclusion riders; and Colin Petrie-Norris, CEO of the ad-supported streaming company Xumo.

The innovators shared their perspectives from the stage at SLS Hotel, a Luxury Collection Hotel, Beverly Hills:

“There’s a lot of great ideas. Pick the one and chase after it… Not trying something and giving it a shot is a real missed opportunity,” said Wann, whose company was initially set up as a rival streaming platform to Twitch, but eventually morphed into a service that allows influencers and content creators to stream video across a variety of platforms at once.

Wann advised aspiring entrepreneurs not to be afraid of failure. The key, he said, is to “fail fast” and understand that failure “helps you eliminate that one variable and sends you down the next path.”

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