English Entertainment
Startup reality series ‘Meet the Drapers’ premiering on Sony in the US
NEW DELHI: “Meet the Drapers”, a crowdfunding-based reality series produced and directed by Sarika Batra is premiering across the United States on 19 November 2017 on Sony Entertainment Television.
According to a Sony Pictures Networks announcement, this innovative show will be on air at 6pm ET.
The programme shows new up-and-coming startups pitch their ideas before three generations of venture capitalists from one of the most prominent families in Silicon Valley: Bill Draper, Tim Draper, and Jesse Draper.
Each episode will feature three exciting startups trying to convince the Drapers to invest in their company and simultaneously convince millions of viewers to fund them through their crowdfunding page on the Republic platform.
Episodes will also feature a guest judge, who is a legendary success in his/her respective field.
Bill Draper began his venture capital career in 1959 and is one of America’s first venture capitalists. Currently, he is Managing Director of Draper Richards LP and Draper International. He serves as the co-chairman of the Draper Richards Kaplan Foundation. Draper is also author of the book, The Startup Game: Inside the Partnership between Venture Capitalists and Entrepreneurs.
His son Tim Draper has been named one of Worth Magazine’s 100 Most Powerful People in finance and is the founding partner of Draper Associates and DFJ. His original suggestion to use viral marketing as a method for spreading a software application from customer to customer was instrumental to the success of Hotmail, Skype and others. Tim also received the World Entrepreneurship Forum’s “Entrepreneur for the World” in 2015.
Tim’s daughter Jesse Draper is helping female founded and led companies through her new venture capital fund Halogen Ventures. Through Halogen Ventures, Jesse spearheads early stage seed investing in female founded consumer technology startups; some of her portfolio companies include: Laurel & Wolf, Move Loot, Carbon38, BlockCypher, Beautycon & Sugarfina.
Tim Draper said: “It is finally possible for the individual investor to participate in the funding of exciting young ventures. ‘Meet the Drapers’ allows viewers to watch us interview entrepreneurs and then, invest in companies that have the potential to change the world. We are thrilled to have created a unique show, that invites viewers to become investors in exciting new startups. We’ve been blown away by the entrepreneurs we’ve met so far, and believe viewers will be too.”
The guest judges for “Meet the Drapers” include business executive, entrepreneur and the founder and former CEO of InfoSpace Naveen Jain; founder and former CEO of TIBCO, a multimillion-dollar real-time computing company Vivek Ranadive, and Jyoti Bansal who founded and was former CEO of AppDynamics, which he sold to Cisco for $3.7 billion.
“South Asians are a vibrant part of the Silicon Valley startup culture,” said Jaideep Janakiram, Head of the Americas at Sony Pictures Networks. “We created this show to showcase these trailblazing entrepreneurs, VCs and angels, and to allow SET viewers to participate in their ventures.
Pitching companies will be accepting investments via Republic – a leading equity crowdfunding platform that makes startup investing available to anyone. Republic is the easiest way to become an investor in breakout early-stage startups for as little as $10.
UK: The aerial is losing its grip. As broadband becomes the default way Britons watch television, the UK is edging towards a decisive, and divisive, question: should Freeview be switched off by 2034? The issue, highlighted in reporting by The Guardian, has exposed deep fault lines over access, affordability and the future of public service broadcasting.
For nearly 25 years, Freeview has delivered free-to-air television from the BBC, ITV, Channel 4 and Channel 5 to almost every corner of the country. Even now, it remains the UK’s largest TV platform, used in more than 16m homes and on around 10m main household sets. Yet the same broadcasters that built it are now pressing for its closure within eight years.
Their case rests on a structural shift in viewing. Smart TVs, superfast broadband and the Netflix-led streaming boom have pulled audiences online. Advertising economics have followed. By 2034, the number of homes using Freeview as their main TV set is forecast to fall from a peak of almost 12m in 2012 to fewer than 2m, making digital terrestrial television, or DTT, increasingly costly to sustain.
But critics say the rush to switch off risks abandoning those least able, or least willing, to move online.
“I don’t want to be choosing apps and making new accounts,” says Lynette, 80, from Kent. “It is time-consuming and irritating trying to work out where I want to be, to remember the sequence of clicks, with hieroglyphics instead of words. If I make a mistake I have to start again.”
Lynette is among nearly 100,000 people who have signed a “save Freeview” petition launched by campaign group Silver Voices. She fears the government is about to “take [Freeview] away from me and others who either don’t like, can’t afford, or can’t use online versions”.
Official figures underline the fault lines. A report commissioned by the Department for Culture, Media and Sport estimates that by 2035, 1.8m homes will still depend on Freeview. Ofcom’s analysis shows those households are more likely to be disabled, older, living alone, female, and based in the north of England, Wales, Scotland and Northern Ireland.
Freeview is owned by the public service broadcasters through Everyone TV, which also operates Freesat and the newer streaming platform Freely. After two years of review, DCMS is expected to set out its position soon, drawing on three options proposed by Ofcom: a costly upgrade of Freeview’s ageing technology; maintaining a bare-bones service with only core PSB channels; or a full switch-off during the 2030s.
The broadcasters have rallied behind the third option. They argue that 2034 is the logical cut-off, when transmission contracts with network operator Arqiva expire. By then, they say, the cost of broadcasting to a dwindling audience will far outweigh the returns from TV advertising.
Ofcom agrees a crunch point is approaching. In July, the regulator warned of a “tipping point” within the next few years, after which it will no longer be commercially viable for broadcasters to carry the costs of DTT.
Others see risks beyond economics. Questions remain over whether internet TV can reliably deliver emergency broadcasts, such as the daily Covid updates, in the way that universally available DTT can. The UK radio industry has also warned that an internet-only future for TV could push up distribution costs and force some radio stations off air if PSBs no longer share Arqiva’s mast network.
“It is a political hot potato,” says Dennis Reed, founder of Silver Voices, who says he has “dissociated” his organisation from the government’s stakeholder forum, which he believes is “heavily biased” towards streaming.
The Future TV Taskforce, representing the PSBs, counters that moving online could “close the digital divide once and for all”. “We want to be able to plan to ensure that no one is left behind,” a spokesperson says, adding that rising DTT costs could otherwise mean cuts to programme budgets.
The numbers show the scale of the challenge. Of the 1.8m Freeview-dependent homes projected for 2035, around 1.1m are expected to have broadband but not use it for TV. The remaining 700,000 are forecast to lack a broadband connection altogether.
Veterans of the analogue switch-off, completed in 2012 after 76 years, recall similar fears of “TV blackout chaos”. Around 6 per cent of households were labelled “digital refuseniks”, yet a targeted help scheme and a national campaign, fronted by a robot called Digit Al voiced by Matt Lucas, delivered a largely smooth transition.
This time, the BBC is less keen to foot the bill. Tim Davie, the outgoing director general, has said the corporation should not fund a comparable support programme for a Freeview switch-off.
Research for Sky by Oliver & Ohlbaum suggests that with early awareness campaigns and digital inclusion measures, only about 330,000 households would ultimately need hands-on help ahead of a 2034 shutdown.
Meanwhile, viewing habits continue to fragment. Audience body Barb says 7 per cent of UK households no longer own a TV set, choosing to watch on other devices. In December, YouTube overtook the BBC’s combined channels in total UK viewing across TVs, smartphones and tablets, albeit measured at a minimum of three minutes.
That shift may accelerate. YouTube has recently blocked Barb and its partner Kantar from accessing viewing session data, limiting transparency just as online platforms consolidate power.
“When the government chose British Satellite Broadcasting as the ‘winner’ in satellite TV it was Rupert Murdoch’s Sky instead that came out on top,” says a senior TV executive quoted by The Guardian. “There already is such an outsider ready to be the winner in the transition to internet TV; it is YouTube.”
Freeview’s future now hangs on a familiar British dilemma: modernise fast and risk exclusion, or protect universality and pay the price. Either way, the aerial’s days as king of the living room look numbered.
