fanlp pitchdeck
TRANSCRIPT
Buying music, merchandise and concert tickets is currently a
transaction…not a relationship building process. The relationship between Fans and Musicians is a
zero-sum pie.
Problem
What is FanLP?
Loyalty Point platform for musicians to reward fans for supporting early and often (Long-Term Incentives). All music on FanLP is available for
free and legal download.
How Does FanLP Work?
When Fans Do This:
Go to ConcertsBuy MerchandiseDonate $ for Free MusicSpread the Word/Share MusicSupport Their Fav Artists
How Does FanLP Work?They Get This:
* Fans can save these up and spend them on cool prizes like an autograph T-Shirt or Backstage Pass.
Loyalty Points (LPs)
* The earlier a fan supports an artist (When artist needs it most), the more fans are rewarded as the artist grows…much like investing in an early stage company ;). They are rewarded with unique recognition and perks such as priority access to music/concerts + more.
Fan Equity
Problem: Apple iTunes
Fans ReceiveA Song
Artist Receives65 cents (65% cut of $1)
Very Transaction Based!
Music D-Loads via FanLP
Fans Receive• Free Music• Loyalty Points (prizes, perks, recognition, status)• Fan Equity (“Stake” in artist growth prospects)
Artist Receives• Valuable Customer data• Loyalty Incentives for fans• Potentially more than $1• Lower transaction fees
Greater Incentives & Long-Term Benefits As a Result of the Transaction
Problem: Ticketmaster
Fans ReceiveA concert ticket
Artist Receives$40 for the ticket(Minus a lot b/c of high fees
Very Transaction Based!
Buying Tickets via FanLP
Fans Receive• A concert ticket• Loyalty Points (prizes, perks, recognition, status)• Fan Equity (“Stake” in artist growth prospects)
Artist Receives• Valuable Customer data• Loyalty Incentives for fans• Lower ticket fees
Greater Incentives & Long-Term Benefits As a Result of the Transaction
Why Artists Want to Use FanLP
Loyalty Points (LPs) Offers fans greater incentive to support artists regularly
Fan Equity Offers fans greater incentive to support an artist early on when they need the $/support the most
Analytics:
Growth Plan
Contact Artists via Social Media & Other Artist Introduction
Target Record Labels, Promoters, & Band Managers
1. On-Board Artists
Growth Plan
At Artist Concert, we’ll have: Table/Booth Brand Ambassadors/Customer Educators Offer FanLPs (artist-endorsed on stage) for free-signup to FanLP Teach Fans how to use and earn more LPs
2. On-Board Music Fans to Artist Loyalty Program
Provide Artist with Social Media Content Copy & Paste Status Updates/Tweets to Promote their New LP Program Artist Offer LPs to fans to share their music/upcoming concerts
Revenue Models
1) % of Concert Ticket Revenues
2) % of Merchandise Revenues
3) % of Free Music Donations
4) Premium Subscription Model with Advanced Analytics & Features* Lower % fees for signing up to Premium Model
5) % of Sponsorship Revenues
6) % of Video Ad/Ad Revenues
Exit Strategy• We’re VERY open to selling early (At >=$20M Valuation)
• Potential Buyers
Bought out LiveNation and other music ticketing companies. They are slow & clunky, so buying out competition is strategic for them.
A legal and convenient free music option that still gets artists paid is a threat to iTunes.
A legal and convenient free music option will likely be a threat to major record labels and buyout gives them strategic edge over indie labels.
We Need $500,000
$100,000 Founder Salary (1 year) $33,333 Salary x 3 founders (Tristan, Kevin & Tech Co-founder)
$150,000 Marketing Brand Ambassadors at Concerts Online Marketing Manager & Interns Marketing/Promo Materials
$150,000 Product Design & Development Team
$100,000 Legal Expenses Office (Shared Office Space in NYC) Other General Expenses
Proposed Investment ScheduleInitial Investment: $100,000 (Get us through Alpha & Beta Phase) * 5-10 Artists, On-Board Fans, Iterate based on feedback
Month 1: Start of Beta* 50 Artists, On-Board Fans, Iterate Based on Feedback
Month 2: Beta* 100 Artists, On-Board Fans, Iterate Based on Feedback
Month 3: Transition from Beta to Full Launch* 150 Artists, Iterate Based on Feedback, Start Hiring Mktg, Design, Dev) Month 4: $400,000 * Full Launch: Scale & Grow
You can pull out and keep your equity at any stage in the investment schedule to mitigate risk for you!