TVNewser AgencySpy TVSpy LostRemote FishbowlNY FishbowlDC SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

MDC’s Miles Nadal Offers $1 Million for Agency Ideas

6rules.png

I sold my idea and all I got was this crappy t-shirt…and a million bucks.

At Cannes on Friday, MDC’s Miles Nadal announced he’d give a million dollars of seed money to any entrepreneur with a good marketing communications idea in exchange for a 51% stake in the resulting company. The sole criteria: “you do brilliant work, you want to make brands famous and you want to drive results for clients,” according to Nadal.

In addition to acquiring famous ad shop Crispin, Porter & Bogusky, MDC Partners has been extremely active in picking up PR firms. The Canadian holding company followed an investment in Attention with the acquisitions of Sloane & Company and Allison & Partners in the last 12 months.

Mediabistro Course

Social Media 101

Social Media 101Get hands-on social media training in our online boot camp, Social Media 101! Starting September 4, social media and marketing experts will help you determine the social media sites that matter most to you, based on your personal and professional goals. Register before July 31 and get $50 OFF with early bird pricing. Register now!