Dragon's Den Presentation
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Transcript of Dragon's Den Presentation
Elevator Pitch
• Have We propose the creation of a social
networking site called ‘miXXerS’ which will
connect those that love music and go to
parties or concerts.
It will connect music and party lovers with
each other and DJs and musicians. It will
provide opportunities for new and unique
experiences online and offline in relation to
music and musical events.
Networx7
https://www.youtube.com/watch?t=55&v=q2F3m2c7Nbc
Background
• More social network music sites available (Spotify, LastFM,
Deezer)
• Music streaming increased by 24% from 2012 to 2013
(Nielson)
• DJs are ‘the new rock stars’
• Live Nation bought electronic dance music promoter Hard
Events, after their acquisition of EDM (event organiser and
promoter of the Creamfields festivals)
• Fans and clients are more assertive and less gullible. They
want personal contact with their idol or provider”.
Why miXXerS?No social network successfully
connects ordinary music lovers,
musicians, DJs and musical
events in a meaningful way.
Business Model
• Free for users
• Venture Capitalist (VC) funding
• Premium services available for musicians/DJs and party producers/promoters
• Fremium Model (Triability)
• APIs – 3rd party applications (Revenue Sharing)
Issues
Ethical and Privacy
• Users can flag/report inappropriate behaviour on the site
• Adhering the voluntary and mischance principle
• Will introduce some level of privacy by design in the
creation of the site
Legal Issues
• Clear and easy to read terms and conditions
• Site will be integrated with other sites that adhere to
legal/copyright issues regarding music