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Cyprus University Entrepreneurship Competition July 2, 2009. Sonicbids helps bands connect online with people who book or license music . Sonicbids Quick Facts. 200,000+. 47. MEMBER BANDS . FULL TIME EMPLOYEES . 18,000. $240,000 . PROMOTERS & LICENSORS. SEED CAPITAL IN 2001.

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cyprus university entrepreneurship competition july 2 2009
Cyprus University

Entrepreneurship Competition

July 2, 2009

slide2

Sonicbids helps bands connect online

with people who book or license music

slide3

Sonicbids Quick Facts

200,000+

47

MEMBER BANDS

FULL TIME EMPLOYEES

18,000

$240,000

PROMOTERS & LICENSORS

SEED CAPITAL IN 2001

170,000+

18

DEALS BOOKED THROUGH THE SONICBIDS SITE

MONTHS ELAPSED FROM FOUNDING UNTIL FIRST REVENUE

$10 million

107

MEMBER COUNTRIES

PROJECTED 2009 REVENUE

$40 - $50 million

ESTIMATED MARKET VALUE

brief background
Brief Background
  • Studied Music Business at Berklee College of Music;
  • Idea generated as a result of personal experience as agent;
  • If you can buy books online, why not bands?
  • Spent a year researching the market, writing original plan & developing prototype;
the market
The Market
  • $15 billion exchanges hands between bands & promoters
  • Less than 10% accounts for the top 500 touring artists
  • 4.5 million active bands/artists in the US
  • Worldwide market estimated at 2-3x US market
  • Sonicbids is focusing on this growing “middle class”
slide8

The Sonicbids EPK has all info a promoter needs:

Bio, Audio, Video, Photos, Press Reviews, etc.

slide10

…Or be notified about gigs by email, based on their preferences, with Sonicbids’ “Daily Alert”

slide11

When bands click through, they can review a “Gig Listing” with all relevant info about a gig, venue or licensing opp.

…and submit to the ones they want

clicking on each band you access their full epk as well as social media buzz
Clicking on each band, you access their full EPK as well as social media buzz

…and select/notify the ones you want.

facilitated 170 000 deals
Facilitated 170,000+ Deals

Berlin, Germany

Seattle, Washington

Milwaukee, Wisconsin

New York, New York

Cannes, France

Chicago, IL

Hamburg, Germany

Toronto, Ontario

Hollywood, CA

Brisbane, Australia

Toronto, Ontario

Montreal, Quebec

slide16

I Know This Much Is True

  • Follow Your Passion, Not The Money
  • It’s Not Ideas That Get Funded, It’s People
  • Keep It Simple, Keep It Focused
  • Make A Plan. Then Toss It Away
  • Be The Least Talented Person You Know
  • It All Comes Together In The End
  • What Got You Here, Won’t Get You There
  • Don’t Forget To Have Fun
visit my blog sonicbids com panosbrew
Visit My Blog:

Sonicbids.com/PanosBrew

slide18

A Short Timeline

  • 1991: Came to US from Cyprus to attend Berklee College of Music;
  • 1994: Graduated Degree in Music Business. Got job at Ted Kurland Associates through Berklee internship;
  • 1996: Promoted to Agent; responsible for Europe tours of Pat Metheny; Chick Corea; Branford Marsalis; and over 50 others;
  • 1998: Promoted to VP, International;
  • 1999: Got idea for Sonicbids, wrote first business plan;
  • 2000: Quit TKA to start Sonicbids out of home apartment with personal & friends’ money;
  • 2001: Launched early version of Sonicbids;
  • 2002: Sonicbids reports first revenue;
  • 2007: Sonicbids listed as one of the top 100 fastest growing companies in Inc 500; raised $4.5 million for expansion;
  • 2009: Sonicbids membership exceeds 200,000 bands and 18,000 promoters from over 100 countries; mark 160,000 booked deal;