Conference Model Expansion
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Clone successful U.S. conference business models like Money 2020 and Shoptalk in international markets. These conferences act as 3-day transactional events where a year's worth of business happens, focusing on B2B deals rather than content or speakers.
Key Points:
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Business Model Structure:
- Create 3-day transactional events that function like temporary real estate
- Focus on B2B transactions rather than content/speakers
- Use speakers as bait to attract the right people
- Sell booth space at premium rates
- Pre-sell next year's event during current event (90% of revenue secured in advance)
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Revenue Scaling Pattern:
- Year 1: $2-3M revenue
- Year 2: ~$12M revenue
- Year 3: ~$30M revenue
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Key Success Factors:
- Get competitors to attend ("our competitor is there, we have to be there")
- Focus on facilitating actual business transactions
- Create FOMO among industry players
- Give away tickets strategically in first year
- Each sponsor brings their own small crew, building attendance
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International Opportunity:
- Clone successful U.S. models in:
- Europe
- Australia
- India
- China
- South Africa
- Non-competitive with U.S. events
- Multiple winners possible in each market
- Clone successful U.S. models in:
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Additional Revenue Streams:
- Online communities for year-round engagement
- Multi-year booth contracts
- Premium sponsorship packages
49:08 - 49:39
Full video: 01:04:42SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.