From: Gianni Serazzi To: Jeffrey Epstein <[email protected]> Subject: Re: Datapoints Date: Sun, 21 Oct 2018 11:18:00 +0000 Happy to elaborate You are absolutely right, the MA (mother agencies) will look at their bottom line and we will use that focus and overall small profit pool to gain an unparallel leadership position The way to conquer the modeling world is to create a natural monopoly on mother agency talent side. Their total profit pool is ridiculous (3-5M/year for the entire sum of all mother agencies WW) and they are so fragmented that none of them spent time and effort to create structures to lock in top models, so models grow and leave them. We have to create that layer, 5 models locked in that become top models will double the mother agency profit pool (-1M/year/model) The modeling world is becoming less influenced by bookers and more influenced by talent. By increasing a high % of a small profit pool that exists for mother agencies we can lock in a terrific supply of talent with a great moat around it. We would have a terrific first mover advantage Thx G On Sun, Oct 21, 2018 at 1:09 PM J <[email protected]> wrote: thanks . ownership structure is easy. . mother agency investment. ? not sure it really helps. as they will only look at their bottom line On Sun, Oct 21, 2018 at 6:58 AM Gianni Serazzi <a wrote: Ciao Jeff, here is some data and elements discussed that are useful to take a decision TOTAL INVESTMENT 15-20M (all numbers are in Euros) TARGET Build the leading global modeling reality (beyond just the agency concept), super professional and profitable ASSETS Innovative business model separating mother agency (similar to Starsystem where I was a partner with John Casablanca) and selling co (the market or our companies will not know that there is shared ownership) Gianni: builds brands and profitable companies even when everyone said it was not possible -Lancel from -30 to -6M, would have been positive 1 year lat