innovate100 favit
DESCRIPTION
The favit.com presentation at the Innovate100 event in Tel AvivTRANSCRIPT
The place where content streams to your liking.
The place where content streams to your liking.
What causes the need?What causes the need?
Hard factsHard facts231 Million WEBSITES at the start of 2010231 Million WEBSITES at the start of 2010
126 Million BLOGS at the start of 2010126 Million BLOGS at the start of 2010
35 Million Tweets per day in Q1 201035 Million Tweets per day in Q1 2010
2.5 Billion PHOTOS uploaded on FB per month2.5 Billion PHOTOS uploaded on FB per month
313 Billion VIDEOS viewed online per month313 Billion VIDEOS viewed online per month
60 Million FB status updates per day60 Million FB status updates per day
Time spent on contentTime spent on content
Category 2003 Avg share 2009 YTD Share Change in share
Content 34% 42% +24%Communications 46% 27% -41%Commerce 16% 13% -19%Community N/A 13% N/ASearch 3% 5% +67%
Inequality SituationInequality Situation
>>Speed of new information arrival
ENVIRONMENTBlasts Articles, News, Blogposts, Videos, Images, Mails, Comments, Activity
Speed of new information arrival
ENVIRONMENTBlasts Articles, News, Blogposts, Videos, Images, Mails, Comments, Activity
Speed of information processing
USERMisses Knowledge, News, Entertainment
Speed of information processing
USERMisses Knowledge, News, Entertainment
Ultimate Goal - BalanceUltimate Goal - Balance
==Speed of new information arrival
Speed of new information arrival
Speed of information processing
Speed of information processing
SolutionSolution
Speed of new information arrival
Speed of new information arrival
Speed of information processing
Speed of information processing
What favit does?What favit does?
1.1.
Delivers content from all sources the user has selected
Delivers content from all sources the user has selected
2.2.
Delivers content from the user’s Social connections
Delivers content from the user’s Social connections
3.3.
Allows all possible content related cross-platform interactions
Allows all possible content related cross-platform interactions
As a result…As a result…
The user:• Consumes interesting content• Interacts on the note-worthy stuff• Is more productive• Expands interest horizons• Saves time• Preserves energy
The user:• Consumes interesting content• Interacts on the note-worthy stuff• Is more productive• Expands interest horizons• Saves time• Preserves energy
We’re not aloneWe’re not alone
Nearly 70…Nearly 70…All looking in the wrong directionAll looking in the wrong direction
The differenceThe difference
Social graphSocial Networks
DataWebsites, Blogs, Video, Image & Audio hosting
me me me
Aggregated Me
Convenient for a 3rd party to follow the aggregated entity
Convenient for a 3rd party to follow the aggregated entity
The favit wayThe favit way
Social graphSocial Networks
DataWebsites, Blogs, Video, Image & Audio hosting
My Friend 1
Aggregated me
• Consume • Organize• Curate• Filter• Create• Save• Search• Interact
• Consume • Organize• Curate• Filter• Create• Save• Search• Interact
My Friend 2
Blogs
The favit wayThe favit way1.7 Bill
475 Mill
130 Mill
E-mail and GoogleE-mail and Google
Facebook and TwitterFacebook and Twitter
Addressable market now:• Social Media users
• Heavy Online Content Consumers
• Bloggers
• All in the “interest conscious” age – 25-45
Addressable market now:• Social Media users
• Heavy Online Content Consumers
• Bloggers
• All in the “interest conscious” age – 25-45
Making moneyMaking money
Social graphSocial Networks
DataWebsites, Blogs, Video, Image & Audio hosting
favitfavit • Complete content• Language• Comments• Personal preferences• Re-shares• Social graph dynamics• Distribution dynamics
• Complete content• Language• Comments• Personal preferences• Re-shares• Social graph dynamics• Distribution dynamics
FAVIT monetizes its most valuable asset – the deep, interest-centric, cross-platform integration with the social and data layers
FAVIT monetizes its most valuable asset – the deep, interest-centric, cross-platform integration with the social and data layers
Real-time
Community management
• Social communication
• Campaign control room
B2B. Self-service and White label.
Pro accounts - Engagement monitoring- Sentiment measuring- Engagement visualization
Community management
• Social communication
• Campaign control room
B2B. Self-service and White label.
Pro accounts - Engagement monitoring- Sentiment measuring- Engagement visualization
Favit’s monetizationFavit’s monetization
Content management
• Enterprise stream reader
• Favault – stream archiving solution
OAP market – 5.9 $ Bill est. 2010
Content management
• Enterprise stream reader
• Favault – stream archiving solution
OAP market – 5.9 $ Bill est. 2010
Two offering lines:Two offering lines:
TimelineTimelineNovem
ber 2008 start
November 2008 start
Mai 2009 Launch in EE
Mai 2009 Launch in EE
November 2009 4 th big update –
Twitter and FB integration
November 2009 4 th big update –
Twitter and FB integration
January 2010 – favalanche
alpha launch
January 2010 – favalanche
alpha launch
April 2010, 5 th big update – simplicity
and user experience
April 2010, 5 th big update – simplicity
and user experience
May 2010, iPad and iPhone, Pro
accountsM
ay 2010, iPad and iPhone, Pro
accounts
June 2010, US Launch
June 2010, US Launch
July 2010, Enterprise
Streamer Launch
July 2010, Enterprise
Streamer Launch
March 2010, first B2B sale. 85K euro – favalanche as a white label solution
March 2010, first B2B sale. 85K euro – favalanche as a white label solution
The teamThe team
FoundersFounders
Atanas Youroukov, Head of Platform Architecture• Strong web product visionary• Creative UI designer
Product Vision & Design
Atanas Youroukov, Head of Platform Architecture• Strong web product visionary• Creative UI designer
Product Vision & Design
Konstantin Hristov, CEO• Sales and Marketing • VP of M & S in Outsourcing • Citigroup
Money and Process Management
Konstantin Hristov, CEO• Sales and Marketing • VP of M & S in Outsourcing • Citigroup
Money and Process Management
Nenko Ivanov, CTO• Top 3 Software engineer in BG
Architecture and Engineering
Nenko Ivanov, CTO• Top 3 Software engineer in BG
Architecture and Engineering
Technical and Market ExecutionTechnical and Market Execution