Deconstructing The Fyre Festival Pitch Deck
▻https://hackernoon.com/fyre-festival-pitch-deconstruct-91f24d73575b?source=rss----3a8144eabfe3-
Supposedly one of the biggest things of the year - Reference: The VergeBy now most of us would have heard of the infamous Fyre Festival in 2017 where investors lost over $27.4 million dollars. The festival’s pitch deck has resurfaced online in 2019 and has been labeled as ‘beyond parody’.Founder Billy McFarland had an idea to host a ‘luxury musical festival’ which would help in the launch of their music booking app. It was meant to be something exclusive and unique and help create massive buzz.And it did…for the wrong reasons.The whole thing ended up falling apart quickly and cost investors millions of dollars of #investment money.But did the pitch deck help secure that funding or was it just a warning sign of the impending doom to follow?Let’s take a look.First Section: What is Fyre?The first (...)
#pitch-deck #fyre-festival #influencer-marketing #venture-capital