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Bring the fun of Karaoke to you

  Anytime. Anywhere.
         www.douyak.tv
The Problem




       Source: User Survey based on 85 people
Market Size




                                                              Source: Google AdWords
From our survey, about 10% of KTV goers will search online,
Total available market = USD$21bn
Total addressable market = USD$2.1bn
The Challenge
• Licensing of content is difficult and
  expensive
• Must understand what the users are
  willing to pay for
• Advertising revenue alone is not enough
Our Approach


• Customer Discovery Model – Five Steps to
  Epiphany, Steve Blank
• The Lean Start-Up Model, Eric Ries
Customer Discovery – Phase 1




Features: Turn on/off vocal, microphone, list of artists and
songs

What our users told us: Difficult to find artists and songs,
unappealing user interface

So we added search bar with auto-complete functionality and
revamped user interface
Customer Discovery – Phase 2



Added features: Search bar with auto-complete functionality,
organized artist list

What our users told us: not working on Internet Explorer, no
playlist, lack social interaction

So we supported all browsers, added playlist, implemented
Facebook Connect and Recommendation, launched Google
AdWords and Facebook Ads campaign
Customer Discovery – Phase 3



Added features: Playlist, Facebook Connect and
Recommendation, browser support

What our users told us: not enough songs, songs not up to
date, they want to upload songs

So we are going to let users upload songs, aggregate content
from other hosting websites like Tudou
Our Current Product
• Web-based Karaoke
• Currently streaming music videos from
  YouTube
• Search song or artist name
• Playlist
• Facebook integration
                                  DEMO
Site Usage Analytics
Go To Market Strategy
• Continue to provide Douyak.tv for free
  under Digital Millennium Copyright Act
  (DMCA)
• Continue to iterate and improve our
  product
• License and monetize by region in a
  year’s time
Business Model
Financial Projection
12000000



10000000



8000000


                                       Total Expenses
6000000
                                       Total Revenue
                                       Net Profit Before Tax
4000000
                                       Net Profit


2000000



       0
           0   1   2   3   4   5   6

-2000000
Funding Required

• USD$2,000,000
• Time period: 5 years
• Required for licensing and customer
  acquisition in target countries
• ROI – 16x
Marketing Strategy
• Viral marketing
 Facebook Integration
 User Upload
Marketing Strategy
• Social media marketing
Facebook, Twitter, renren.com, blogosphere, P
 TT Bulletin Board System
Marketing Strategy
• Facebook Ads
Marketing Strategy
• Google Ads
Whole Product
                       Credit
            Songs
                       System
          Collection

 On/off
                                Recording
 Vocal
              DouyaKTV
                                  Connect to
Intelligent                       social
Search                            networks

         Song
   Recommendation      Playlist
        Engine
Differentiation
• Social element (virality)
Differentiation
• Ease of finding songs (user experience)
Differentiation
• Personalized song collection
 Ability to upload and store own collection of
 music videos
 Expand our database
Exclusive or interesting content creates a great
 source of traffic
Obtain SEO for hard-to-find songs
Competition
• VS. Physical KTV (well-established, widely
  adopted)
  Anytime. Anywhere. Affordable.
 An alternative, not substitute
• VS. Karaoke software (no prominent player)
  No hassle of download/install
• VS. other online Karaoke service (no
  prominent player)
  Original music videos
Founding Team
• Tianwei Liu (Singaporean): front-end and
  back-end programming
• Samuel Li (Singaporean): front-end and
  back-end programming
• Penny Ng (Malaysian): Graphics, UI design
• Fish Zhou (Chinese): Marketing
Exit Strategy
• Acquisition by online video platforms (to
  monetize their videos)
   YouTube (Worldwide), Youku/Tudou (China), Nate
  Video (Korea)
• Acquisition by label companies (to popularize
  their music)
  Sony Music Entertainment (Worldwide), EMI
  Music(Hong Kong/Mainland China), Rock Records
  (Taiwan)
• Acquisition by physical KTVs (to target a
  different market segment)
   Premium/value-added service
Thank you!

   Q&A
Special Thanks To …
1) Professor Tom Kosnik– The models learned from his GEM and NVC
   classes help us formulate our business plan.
2) Professor Steve Blank – For his valuable time in providing consultant to
   our business.
3) Mark Sin – For being our coach and judge and also providing feasible
   ideas for our business.
4) Yee Gan – For being our coach and judge and also providing feasible ideas
   for our business.
5) The NVC Teaching Team – For their interesting lessons which gave us
   ideas on how to proceed with our business


                       Bibliography
1) 4 Steps to Epiphany – Steven Gary Blank
2) The Lean Start-Up Model – Eric Ries
Appendix
Target Market
• Chinese-speaking (can be easily expanded
  to include songs of other languages)
• Like to sing
• Age 14-35
Value Proposition
• Karaoke-on-Demand
  Anytime. Anywhere.
• Intelligent Search Engine for Songs
 Huge database of songs
  Auto-complete queries for easy search
• Integrates the social element of singing
 Facebook Recommendation & Share
•Personalized Song Collection
  Upload and store songs
Douyak’sFaceBook Fan Page

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Business+Case+Competition

  • 1. Bring the fun of Karaoke to you Anytime. Anywhere. www.douyak.tv
  • 2. The Problem Source: User Survey based on 85 people
  • 3. Market Size Source: Google AdWords From our survey, about 10% of KTV goers will search online, Total available market = USD$21bn Total addressable market = USD$2.1bn
  • 4. The Challenge • Licensing of content is difficult and expensive • Must understand what the users are willing to pay for • Advertising revenue alone is not enough
  • 5. Our Approach • Customer Discovery Model – Five Steps to Epiphany, Steve Blank • The Lean Start-Up Model, Eric Ries
  • 6. Customer Discovery – Phase 1 Features: Turn on/off vocal, microphone, list of artists and songs What our users told us: Difficult to find artists and songs, unappealing user interface So we added search bar with auto-complete functionality and revamped user interface
  • 7. Customer Discovery – Phase 2 Added features: Search bar with auto-complete functionality, organized artist list What our users told us: not working on Internet Explorer, no playlist, lack social interaction So we supported all browsers, added playlist, implemented Facebook Connect and Recommendation, launched Google AdWords and Facebook Ads campaign
  • 8. Customer Discovery – Phase 3 Added features: Playlist, Facebook Connect and Recommendation, browser support What our users told us: not enough songs, songs not up to date, they want to upload songs So we are going to let users upload songs, aggregate content from other hosting websites like Tudou
  • 9. Our Current Product • Web-based Karaoke • Currently streaming music videos from YouTube • Search song or artist name • Playlist • Facebook integration DEMO
  • 11. Go To Market Strategy • Continue to provide Douyak.tv for free under Digital Millennium Copyright Act (DMCA) • Continue to iterate and improve our product • License and monetize by region in a year’s time
  • 13. Financial Projection 12000000 10000000 8000000 Total Expenses 6000000 Total Revenue Net Profit Before Tax 4000000 Net Profit 2000000 0 0 1 2 3 4 5 6 -2000000
  • 14. Funding Required • USD$2,000,000 • Time period: 5 years • Required for licensing and customer acquisition in target countries • ROI – 16x
  • 15. Marketing Strategy • Viral marketing  Facebook Integration  User Upload
  • 16. Marketing Strategy • Social media marketing Facebook, Twitter, renren.com, blogosphere, P TT Bulletin Board System
  • 19. Whole Product Credit Songs System Collection On/off Recording Vocal DouyaKTV Connect to Intelligent social Search networks Song Recommendation Playlist Engine
  • 21. Differentiation • Ease of finding songs (user experience)
  • 22. Differentiation • Personalized song collection  Ability to upload and store own collection of music videos  Expand our database Exclusive or interesting content creates a great source of traffic Obtain SEO for hard-to-find songs
  • 23. Competition • VS. Physical KTV (well-established, widely adopted)  Anytime. Anywhere. Affordable. An alternative, not substitute • VS. Karaoke software (no prominent player)  No hassle of download/install • VS. other online Karaoke service (no prominent player)  Original music videos
  • 24. Founding Team • Tianwei Liu (Singaporean): front-end and back-end programming • Samuel Li (Singaporean): front-end and back-end programming • Penny Ng (Malaysian): Graphics, UI design • Fish Zhou (Chinese): Marketing
  • 25. Exit Strategy • Acquisition by online video platforms (to monetize their videos)  YouTube (Worldwide), Youku/Tudou (China), Nate Video (Korea) • Acquisition by label companies (to popularize their music) Sony Music Entertainment (Worldwide), EMI Music(Hong Kong/Mainland China), Rock Records (Taiwan) • Acquisition by physical KTVs (to target a different market segment)  Premium/value-added service
  • 26. Thank you! Q&A
  • 27. Special Thanks To … 1) Professor Tom Kosnik– The models learned from his GEM and NVC classes help us formulate our business plan. 2) Professor Steve Blank – For his valuable time in providing consultant to our business. 3) Mark Sin – For being our coach and judge and also providing feasible ideas for our business. 4) Yee Gan – For being our coach and judge and also providing feasible ideas for our business. 5) The NVC Teaching Team – For their interesting lessons which gave us ideas on how to proceed with our business Bibliography 1) 4 Steps to Epiphany – Steven Gary Blank 2) The Lean Start-Up Model – Eric Ries
  • 29.
  • 30.
  • 31.
  • 32. Target Market • Chinese-speaking (can be easily expanded to include songs of other languages) • Like to sing • Age 14-35
  • 33. Value Proposition • Karaoke-on-Demand  Anytime. Anywhere. • Intelligent Search Engine for Songs Huge database of songs  Auto-complete queries for easy search • Integrates the social element of singing Facebook Recommendation & Share •Personalized Song Collection Upload and store songs