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imagine music Q1 2012 Confidential

Prepop Business q1 2012

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Page 1: Prepop Business q1 2012

imagine music

Q1 2012Confidential

Page 2: Prepop Business q1 2012

digital music requires multiple applications to compose a complete picture of the media.

prepop visualizes music with imagery, video, and some help from your friends.

Page 3: Prepop Business q1 2012
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prepop adds context to music in the flow of the experience.

Page 5: Prepop Business q1 2012

2012 Gen Y-I

Visualized Music With Friends

2007-> Gen X Y I

Streaming Mobile

2005-> Gen X-Y-I

Discovery and Sharing

2004 -> Gen X

Social Networks, iTunes Store, real-time updates

1999-04 Boomers Gen X

File sharing, iPod, Satellite, Podcasting

1990s Boomers, Gen X

Streaming Radio

1980s Boomers, Gen X

Music TV and Radio

The Evolution of Music Listening

Page 6: Prepop Business q1 2012

Market Size$4.56 billion Us Digital music spending in 2013, up from $3 billion in

2009*

82.6% US digital music spending as a percent of total US recorded music spending in 2013, up from 41%*

$5.52 billion Total US recorded music spending in 2013, down from $7.32 billion in 2009*

13% US population that listened to Internet Radio in 2008 **

80 million Pandora users

10 Billion Songs sold on iTunes, February 2010 ****

Page 7: Prepop Business q1 2012

Timing, Trends & RelevanceProduct What it does What prepop does

FlipBoard Visualizing Social Media with referenced imagery, video, websites in a magazine form

Visualizing Music with Social Media and other media in an immersive display

Instagram Simple sharing of a moment in visual time

Simple sharing of a moment in music listening time

Facebook & Twitter

What’s happening? What I’m listening to

Pandora Listen to Internet Radio, Find New Music

Watch Internet Radio, Find New Music with Friends

Page 8: Prepop Business q1 2012

prepop makes

Page 9: Prepop Business q1 2012

Enhanced Radio Network ERN

imagine music visualized in a rich, social experience

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Opportunity

The enhanced format

stimulates transactions and

gives relevance to advertising.

Page 13: Prepop Business q1 2012

Music Stream

Song Metadata

Social MediaContent

Commerce andAdvertising

- Music Services - Internet Radio- Music Publishers- Artists- Networks of Listeners

- Playlists- Listening APIs- iTunes- Grace Notes

- prepop API- FB, Tw, Tumblr- Image Services- YouTube, Vimeo- Networks of Listeners

- Affiliate sales- Music publishers share of rev- In-the-flow ads- API creates ads on the fly

Page 14: Prepop Business q1 2012

prepop API

The team has developed algorithms for determining the most appropriate and impactful image to display for the client display.

The API continuously assembles thousands of referenced images via Social Media updates or search. They tested the API in SuperTwtr iPhone app.

Page 15: Prepop Business q1 2012
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Strategic Conversations

Apple

• Music Programming iTunes• App Store Music Entertainment Mgr• Sr. Partnership Mgr Audio & Photo Apps

Development and Promotion Support

Music Industry

• Jeff Ayeroff - Virgin Records, Madonna –• MPL – Paul McCartney’s music publishing. Access to non-McCartney library• Ron Fair – CAA•

Page 17: Prepop Business q1 2012

Team and MilestonesJeff Tidwell – Product & Company: 20 yrs internet, Product Management, Communities, UEX

Stephen Smith – Entertainment: Television, Film, Music - Lenny Kravitz, Euphonix, Penelope Spheeris

Paul Rangel - Technical Lead: Adobe, Chirp, Comcast

George Mountis- Design Lead: Sprout, WebMD, Nike

Chirp Interactive alumni (Greylock Partners) 2 years of development Rigorous about design Published an API early 2010 Launched SuperTwtr iPhone app Summer 2010 Incorporated February 2011 High-profile Music Industry investment

Page 18: Prepop Business q1 2012

Advisory Board Michael Rolnick – Stephens Investment, Spring

Equity, ComVentures, E*TRADE Karen Wickre – Senior Media Liaison - Google Clare Martorana – SVP, Consumer WebMD,

Oncology.com, CBS Healthwatch Deb McDonald – Researcher Condé Nast - IPad:

Vogue, Wired, Vanity Fair, New Yorker Pamela Kramer – CMO MarketTools, E*TRADE

Representation: Jon Layman – Hogan Lovells, LLP

Page 19: Prepop Business q1 2012

Road Map2008-2010 2011 H1 2012 H2 2012

Develop API and apps to push dynamically assembled content.

SuperTwtr live on App Store.

Rebuild of the API & re-launch of SuperTwtr app for SXSW

Specs for Enhanced Radio Network (ERN)

Seed Round

Test music identification

Build for iPad

Launch iPad ERN

More content sources: imagery, FaceBook, video

Advertising and commerce tests.

Multiple channels

Page 20: Prepop Business q1 2012

Contact

Jeff Tidwell 415-265-3037

[email protected]

mrjefftidwell – Skype

Stephen Smith323-356-4118

[email protected]

elvissmithla - Skype