Discord Company Presentation by Anthony Tung
- 2. WHAT IS • Web client/application similar to slack made for gamers • Extremely simple and beautiful UI • Free customizable servers
- 4. FINANCIAL INFO Year Investor Amount 2011 Earnings from selling first company, OpenFeint $104 million 2013 Benchmark Capital $8.2 million 2016 Greylock Partners $20 million 2016 Spark Capital Undisclosed 2017 Index Ventures $50 million • In 2017 evaluation of $750 million • Mainly use funding to hire more staff and keep functionality free • Private company which has not IPO’ed
- 5. BUSINESS MODEL • No Ads at all! • Monetization through Discord Nitro, small set of extra perks users subscribe to • $4.99 a month or $49.99 a year (2 free months!!!!) • No exact profit margins released, but over 45 million users, if 1 million users have nitro, $50 million dollars a year!
- 6. HISTORY • 2012 – Jason Citron founded Discord with money from OpenFeint, $104 million • Nov 2013 - $8.2 million investment from Benchmark Capital • March 2015 – Officially released to be downloaded and used • Jan 2016 - $20 million investment by Greylock Partners • Jan 2016 – 3 million users, more than 1 million signing up each month, 300 million messages a month • May 2016 – Undisclosed investment by Spark Capital • July 2016 – 11 million users • May 2017 – 45 million users, 8.9 million daily users, 4 million concurrent users • Jun 2017 - $50 million investment by Index Ventures • Oct 2017 – Video calling and screen sharing functionality released
- 7. MYSTERIOUS FLAVORING? • Main reason for sudden spike in popularity, Twitch and Reddit • Highly advertised on Twitch and Reddit; gained a lot of support from famous streamers • Lower barrier-to-entry for users into any conversation; only require account, join code, and web browser • Very easy to pick up on how to use and can easily create your own servers unlike existing competition.
- 8. COMPETITION Easy UI Usability Low Server Set Up OverHead Video, ScreenShare Custom Servers and Channels Made for Gamers Discord Skype Slack Teamspeak Curse Voice
- 9. PERSONAL PREDICTION • Discord will continue to grow and make a big impact of the eSports scene • Will be the dominant voice communication app for gamers • Will eventually be bought out by a bigger company looking to get into eSports, i.e. Twitch (Amazon) buying out Curse Voice
- 10. Questions?