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Loku

by 500 Startups on Aug 16, 2011

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Loku — Presentation Transcript

NEWS NEWS Dan Street, CEO NEWS NEWSDEMO DAY 2011 | DAN STREET dan@loku.com @liveloku

MY STORYTHECULPRIT?

MY LIFE THINK “ UP IN THE AIR”

MY LIFE THINK “ UP IN THE AIR”JUST LESS HANDSOMEAND WITH A LOT MORESPREADSHEETS. 4

ON THE ROAD, I TRIED TO SEE PLACESTHROUGH THE EYES OF LOCALSAVOID THETOURIST TRAPS...

...FIND THEREAL SCENE.I WANTED TO LIVE LIKE A LOCAL.

Big Data Hadoop / Clojure / Cascalog + custom geo extensionsHOW DO LSI Stanford NLPWE DO IT? + custom taggingOUR TECH: BIG DATA FOR LOCAL Geohashing Custom system for learningWe’ve analyzed 180M local mentions, local taste (using semanticand process 100K local pages / min vectors)

$3 CAC | $98 LTV 74% weekly return rate 4.5 min. time on siteAND IT’SWORKING 62% email open rate

DAN STREET CEO KKR OPS GROUP, PRIMEDIA, BAIN, DELL 6’6” from North Carolina - bad at basketball, good at Access, Excel, and data mining ROGER CASTILLO CTO CTO / FOUNDER, ALTERPOINT. RAISED $50M IN VC. Since 1996, avid runner, devoted husband, and builder of Big Data / analytics systemsWE ARE RAJ RAMANAN PRESIDENTDATA KKR OPS GROUP, DISNEY, BEAR STEARNS, MCKINSEYJUNKIES Hobbies include creating models to define “best car”, “best stock”, and “best diet”

2008 $350K 2010 from founder NOV $600K 2010 in convertible debt AUG $400K 2011 in convertible debtWHATNOW? FALL $1.5M 2011 Series A

want a beta invite? come talk to me

dan@loku.com @liveloku 23

Loku

by 500 Startups on Aug 16, 2011

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Loku — Presentation Transcript