fi bcn may 17 2016 bootstrapping and fundraising daniel romy
TRANSCRIPT
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 1/14
Leveraging Media Assets
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 2/14
CONFIDENCIAL
MEDIA DIGITAL VENTURES
Media Digital Ventures is the first M4E fund present in Spain
We are unique in offering:
• Broad tech industry knowledge
• Advertising expertise and knowledge
• Investment and M&A expertise
•
International approach• Strong understanding of the Spanish market
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 3/14
CONFIDENCIAL
MEDIA PARTNERS MAPPING
Born in 2005, Atresmedia is the biggest
supplier in Spain by volume of advertising
investment, with a market share of 15% of the Total Investment in conventionalmedia
Grupo Godó is a prominent leader in Catalonia
in all relevant mass media. Its origins date
back to 1881 with the creation of the
newspaper La Vanguardia
Vocento is one of the leading multimedia
group in Spain due to the reputation of its
brands, which have a strong presence in all
areas of information, both national and
regional level.
Clear Channel Outdoor, with nearly one million
advertising media located in dozens of countries around the world, is the largest
outdoor advertising company.
Clear Channel Spain was born in 2002 and has
an heritage of 30,000 advertising faces.
Founded in 1976, Grupo Zeta is one of the
main press editors groups in our country
with presence not only nationally but alsoregionally
ARA is a regional newspaper created by a
group of entrepreneurs in Catalonia that they
are committed to their society, a newspaper
without mental boundaries.
ARA borns as a community of people reading,
connected by the paper and the screen.
HEARST
editoria
combina
and sale
In 2009circuit in
advertis
quality
well as i
media.
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 4/14
CONFIDENCIAL
WHAT IS MEDIA FOR EQUITY?
C o m p a n y
A
C o m p a n y B
C o m p a n y C
C o m p a n y
D
C o m p a n y E
T V
R a d i o
N e
w s p a p e r s
O
u t d o o r
I n t e r n e t
Startups
Media Owners
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 5/14
CONFIDENCIAL
WHAT IS MEDIA FOR EQUITY?
Investment model offering Media in exchange for Equity shares of the startups
• What do we understand by Media?A powerful marketing/advertising campaign,
helping start-ups driving their brand awareness
• How is this campaign offered?Through advertising assets
• By who?The different mass media players and their
specific media outlets
Funding modalities
Equity share
(+ Revenue Share)
(+ Guaranteed minimum)
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 6/14
CONFIDENCIAL
WHY DOES MEDIA FOR EQUITY EXIST?
• Investment is in short
supply
• Saturation in the online
advertising tools
• Need to reach a high
consumer base and to
increase their brand
awareness
• Unsold advertising
space
• Access to new
opportunities of value
creation that exist in
the digital environment
START-UPS MEDIA COMPANIES
M4E
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 7/14
CONFIDENCIAL
RATIONALE FOR STARTUPS
• Ramp-up for Startups with proven KPIs and with a need to
scale rapidly
• Use of M4E frees up cash for growth management
• Optimal media plan: media mix, channels, reach. Startups
can’t afford this advantage by any other means
• Media Expertise: Strategy Design, Campaign follow-up,
analytics, KPI monitoring
Advantages Success Cases –
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 8/14
CONFIDENCIAL
Design
M
Defi
Select t
Launc
Repor
Track o
MEDIA FUND
INVESTMENT PROCESS
Investment Analysis
as a traditional VC
• Market Study
• KPIs
• Metrics
• Business model
• Exit
• Valuation
• Term Sheet
• Shareholders Agreement
Executive Investment
CommitteeManagement Team & Media
Partners
Presentation of the
investment opportunity
&
Approval
Investment Analysis phase as a traditional VC + Des2 x 1
STARTUP
Do we invest? Execution
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 9/14
CONFIDENCIAL
INVESTMENT : Different opportunities
• Based on helping startups driving
their brand awareness through
powerful marketing campaigns,
receiving in exchange equity share of
the startups.
• The Media group participates in the
shareholding thanks to the
advertising investment made.
• The Media group offers advertising services in
exchange of a % of the sales the startup has
achieved thanks to the advertising.
• A baseline has to be established: the historic
business volume of the startup previous to
the advertising
• The deals of Media for Revenue Share are
accompanied by Media for Equity
• To mitigate
investment, t
the disburse
services rend
MEDIA FOR EQUITY MEDIA FOR REVENUE SHARE GUARAN
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 10/14
CONFIDENCIAL
MEDIA: The Advertising Campaign
Media Mix
Selection of the Media Channels and the specific suppliers inside them to use in the advertising
campaign.
The choice of the Media Outlets is made according to: advertising objectives, message, reach and
frequency desired.
Each one of the Media Channels is appropriate in different situations
A good planning of the appropriate mix impacts directly on the return of the campaign
Coverage Frequency Affinity Media Mix
Well-defined Optimized
Effective & Efficient Campaign
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 11/14
CONFIDENCIAL
MEDIA: The Advertising Campaign
SMALL TICKETS / LOCAL CAMPAIGNS LAUNCH NATIONAL CAMPAIGNS BIG TICKETS / FOLLOW ON
100K – 300K €
Multimedia Campaign (Not TV)
Small TV Test Campaign
OR
300K – 600K € >600K€
TV Campaign
+
Other media to
Support TV
TV Cam50%/ 60
+
Multimed50% / 4
M4E CAMPAIGN MODELS
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 12/14
CONFIDENCIAL
SUCCESS MODEL PROVEN AND SUPPORTED
More and more
successful
companies
More and moreVC’s are
coinvesting
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 13/14
OUR PORTFOLIO
8/17/2019 FI BCN May 17 2016 Bootstrapping and Fundraising Daniel Romy
http://slidepdf.com/reader/full/fi-bcn-may-17-2016-bootstrapping-and-fundraising-daniel-romy 14/14
Contact
Daniel RomyInvestment Director
699 753 265