SlideShare a Scribd company logo
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
It’s the BEST TIME EVER to
start a digital media company.

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Modern Publishing Tools

Social
Smartphone Proliferation
Amazon Web Services

Broadband

MOBILE

Google/Search
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
There is a big UNTAPPED
OPPORTUNITY in digital media.

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Currently Tapped Revenue Streams:

1. Advertising
2. Subscription
3. Events
4. Licensing
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Let’s Look Closer:

1. Advertising
2. Subscription
3. Events

4. Licensing
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
UNLIMITED INVENTORY

Digital Ad Inventory > Advertiser Demand

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
BRANDS ARE PUBLISHERS

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Mass Reach / Direct Response Solutions
Consume Majority of Ad Dollars

FACEBOOK
Pinterest

Google

Programmatic
Ad Networks
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
When Traditional Media worked, it didn’t
have this problem

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Advertising Spend:
Online vs. Offline
(this will continue…)

70
60
50

40

Print

30

Digital

Billions
20
10
0

2011 2012 2013 2014 2015 2016 2017
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Annual Revenue for Digital Publishers
120
100
80
60
40

LESS THAN
$100 MILLION

20
0
Yearly Revenue
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
A Challenge For Publishers to Overcome

PREMIUM

REMNANT inventory

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Let’s Look Closer:

1. Advertising

2. Subscription
3. Events

4. Licensing
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Substantial Subscription Revenue
is limited to very few publishers.

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Let’s Look Closer:

1. Advertising

2. Subscription

3. Events
4. Licensing
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Let’s Look Closer:

1. Advertising

2. Subscription
3. Events

4. Licensing
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
There is a big UNTAPPED
OPPORTUNITY in digital media.

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
COMMERCE!
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
We grew to be a
Decent-Sized business
9,000,000
8,000,000
7,000,000
6,000,000
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
0
2005

2006

2007

2008

2009

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
“Streetwear's bold styles and outlandish patterns either grab
you immediately or they don't – no one's ambivalent about a
Playa's Club gold-studded teal sleeveless hoodie. Make the
call and move on, with Jack Threads.”
Thrillist Boston – October 9, 2008

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
READERS

BUYERS

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Huge Increase in Lifetime Value
Shitload
of Value

No Value
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Massive Commerce Business

80% commerce

20% advertising
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
We DON’T have this problem
Typical Digital
Publisher

PREMIUM

REMNANT inventory

PREMIUM

NATIVE commerce

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
$100M+

2M+

EXPECTED
2014 SALES

PACKAGES TO BE
SHIPPED IN 2014

Source: Internal
Huge Increase in Lifetime Value

$100+
$3-$20
Thrillist Brand
PremiumMedia
RPM

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Annual Revenue for Digital Publishers
120
100
80
60
40

LESS THAN
$100 MILLION
MORE THAN
$100 MILLION

20

0
Yearly Revenue
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
The Kicker:
Understanding purchasing behaviors
also makes for a better ad product

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
1M+

2M+

7M+

Credit Cards
on File

Packages to be
Shipped in 2014

Logged In
Users

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
There is a big UNTAPPED
OPPORTUNITY in digital media.

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
You can do it!

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
You can do it!

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
You can do it!

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT
Thank You.
You are my ONLY friends.

@BENJLERER
@THRILLISTMEDIA
#DIGICRONUT

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Content & Commerce: The Digital Cronut (Ben Lerer, SXSW)

Editor's Notes

  1. http://www.jackthreads.com/thecrosbypress/2014/01/27/casual-essentials-with-just-enough-pop
  2. http://www.jackthreads.com/sales/true-colors-fresh-head-to-toe-looks/12852