{
  "docId": "019de075-9cc5-74cb-a465-f1f7f1550b5a",
  "docSlug": "dda6e1ed348d4426215dd67bbf25eab1",
  "documentTitle": "Hagerty | Investor Presentation Deck | 18 slides",
  "authorId": "hagerty",
  "authorName": "Hagerty",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-08-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 11,
  "pageCount": 18,
  "prevPage": 10,
  "nextPage": 12,
  "slideType": "key_messages",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 6,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de075-9cc5-74cb-a465-f1f7f1550b5a/11",
  "deckHref": "/decks/019de075-9cc5-74cb-a465-f1f7f1550b5a",
  "deckJsonHref": "/decks/019de075-9cc5-74cb-a465-f1f7f1550b5a.json",
  "deckAnchorHref": "/decks/019de075-9cc5-74cb-a465-f1f7f1550b5a#slide-11",
  "components": [
    {
      "bbox": {
        "h": 0.35,
        "w": 0.35,
        "x": 0.52,
        "y": 0.23
      },
      "kind": "list",
      "text": "$25M of Tier 2 capital at Hagerty Re provided by State Farm. Support growth in quota share risk taking with Essentia, prepare to take direct risk, support efforts to obtain credit agency rating.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4573cc5f-f89c-45e4-afa2-9864ed2c2d0b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.35,
        "x": 0.14,
        "y": 0.23
      },
      "kind": "list",
      "text": "$80M of capital raised at Hagerty, Inc. to support strategic growth initiatives. Strong sponsorship from existing strategic investors ($50M from State Farm, $15M from Markel). Hagerty family investment of $15M.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "86fb1027-dcbe-4de7-b8b3-109c847578fd",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.35,
        "x": 0.14,
        "y": 0.45
      },
      "kind": "list",
      "text": "Attractive opportunity to deploy capital to drive profitable growth and returns: Establish new products, support Marketplace business, working capital for pivot to profitability, bolsters cash and liquidity ($252M total).",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "be8303ad-53ec-4a03-9d16-ff0127b02358",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.72,
        "x": 0.14,
        "y": 0.13
      },
      "kind": "title",
      "text": "RAISING CAPITAL TO DRIVE GROWTH AND VALUE CREATION",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fe923cdb-5987-4d8e-aa3b-21c3bd7c29a9",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 11,
      "from": 11,
      "beatId": "d3924783-34f1-4a7c-88ec-f3a998f829e0",
      "arcName": "The Sequoia Pitch",
      "arcSlug": "sequoia-pitch",
      "beatName": "The Ask",
      "beatSlug": "sequoia-pitch-the-ask",
      "evidence": "Slide 11 explicitly mentions raising capital to drive growth and value creation.",
      "position": 3,
      "confidence": 0.8,
      "parentBeatName": "Resolution",
      "parentBeatSlug": "resolution"
    }
  ],
  "loops": [
    {
      "to": 11,
      "from": 11,
      "name": "Quick Win Big Bet",
      "slug": "47-quick-win-big-bet",
      "bestFor": "Transformation planning, 100-day plans, resource allocation",
      "matchId": "44194510-868b-446b-8383-a5cfbf05621d",
      "evidence": "The explicit mention of raising capital for growth implies a big bet on future success.",
      "position": 1,
      "objective": "What are the potential outcomes of raising capital for growth?",
      "structure": "The Full List -> Quick Wins (Low effort, High impact) -> Big Bets (High effort, High impact) -> Sequenced Roadmap",
      "confidence": 0.6,
      "description": "Separate initiatives into immediate wins and longer-term strategic bets"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}