With distribution as a common bottleneck to the sustainable commercialization of innovation, value-added capital is often critical to enable steady progress in the translation of brain science from lab to life. This is especially true in non-medical areas, which lack appropriate infrastructure to commercialize and distribute innovative solutions. What can innovators learn from Discovery’s investment in Lumosity, AAA’s partnership with Posit Science, and Emotiv’s Kickstarter crowdfunding campaign?
- Chair: Matthew Bishop, US Business Editor and New York Bureau Chief of The Economist, YGL Class of 2005
- Dan Fox, Senior VP Corporate Development at Discovery Communications
- Jeff Zimman, Chairman of Posit Science
- Tan Le, CEO of Emotiv Lifesciences, YGL Class of 2009
How can innovators leverage crowdfunding and strategic investments to gain distribution reach?
1. How can innovators leverage
crowdfunding and strategic investments
to gain distribution reach?
2. Chaired by: Matthew Bishop,
US Business Editor and New York Bureau
Chief of The Economist, YGL Class of 2005
Dan Fox,
Senior VP Corporate Development at
Discovery Communications
Jeff Zimman,
Chairman of Posit Science
Tan Le,
CEO of Emotiv Lifesciences,
YGL Class of 2009
How can innovators leverage crowdfunding and
strategic investments to gain distribution reach?
3. Dan Fox,
Senior VP Corporate
Development at Discovery
Communications
How can innovators leverage crowdfunding and
strategic investments to gain distribution reach?
5. Discovery Overview
5
• 58+ million unique monthly
visitors to Discovery websites
• 14 US television brands
• 100 million subscribing households
• 881 million cumulative subscribers
• 1 million US teachers served by
Discovery Education products and
services
Discovery is the world’s #1 non-fiction media company
More than 2.4 billion cumulative subscribers…
reaching 224 countries & territories
• 33 International television brands
• 333 million subscribing households
• 1.5+ billion cumulative subscribers
Content Library
• 100,000+ hours of programming
in world class library
EV / 2013E EBITDA: 13.2x
2013E Revenue²: $5.6bn
2013E EBITDA²: $2.4bn
’13E EBITDA Margin: 44%
Market Capitalization¹: $27.8bn
Enterprise Value (EV)¹: $31.7bn
¹As of September16, 2013.
²Mean analyst estimates per CapIQ as of August 20, 2013.
6. Discovery Has World-Class Brands
6
U.S. Networks: Revenue $2.7bn (+5%), AOIBDA $1.6bn (+8%)
International Networks: Revenue $1.6bn (+17%), AOIBDA $0.7bn (+16%)
Digital Media Education/Commerce/Other
7. Truly Global Content Company With
Significant Reach
7
2.4 Billion Total
Subscribers
Worldwide
All data as of May 7, 2013.
328 Million
Households
Reached
162 Worldwide Networks
over 223 Countries & Territories
45 Languages
8. Top Brands Have Partnered with Discovery
to Drive Growth
8
• Multi-platform venture focused on lifestyle, self-
help & empowerment, targeting women
• Launched in 2011
• Oprah contributions include Oprah.com, Oprah
show multiple times/week, and 25-year library
• JV dedicated to high-quality children’s / family
entertainment & educational content
• Launched in 2010
• JV to develop first 24/7 dedicated 3D net
• Launched in 2011
Key Discovery Contributions
• Cable expertise
• Advertising sales
• Affiliate sales & marketing
• Transmission services
• US network operational
services
• Corporate back office
9. #1 Nonfiction Content Company Across All Screens
Discovery Digital Networks
• Discovery’s original online video networks
• Dozens of shows tackling topics from animals to tech
• More than 300 million monthly streams, tripled YOY
• New networks include TestTube and Animalist
9
10. Lumosity Overview
• Provider of online and mobile brain training games designed to improve brain
health and performance
• Clear leader in users, subscribers, revenue, international reach
• More than 40 games
• 40+ million members
• Paying subscribers from 180 countries
• Established the Human Cognition Project to encourage scientists to utilize
Lumosity data
• Scientific Advisory Board keeps company focused rooted in science
• Launched in 2007
• Based in San Francisco
Core Mission: Pioneering the Understanding and Enhancement of the Human
Brain to Give Each Person the Power to Unlock Their Full Potential
10
24. Tan Le,
CEO of Emotiv Lifesciences,
YGL Class of 2009
How can innovators leverage crowdfunding and
strategic investments to gain distribution reach?