2. WHO WE ARE
JESSICA YEATS
JOHN BURGESON
WHAT WE DO
• Prevent missed deliveries by enabling people that work from
home to receive packages for their neighbors
• Hyper-local marketplace for neighborhood services and
exchanges: storage, rentals, pet care, etc.
HOW WE’RE DOING
• Launched private beta in Clinton Hill, Brooklyn in July 2015
• 13 active users and 15 transactions in July
• 150 waitlist user sign-ups concentrated in Brooklyn/NYC; 75
sign-ups interested in hosting
WHAT’S NEXT
• Neighborhood expansion in Brooklyn
• Activate waitlist hosts and bodegas as hosts
• Market and test other use cases
CURRENTLY RAISING
• $250K seed round
• Previously raised $50K friends and family round
Design Co-Founder
Management consulting, MA, independent design
Technical Co-Founder
Strategy consulting, PhD in Policy Analysis
BLOCBOX SUMMARY
3.
MAILBOX RENTAL
is inflexible
PO Boxes (~$15-200/Mo)
Can’t Accept UPS or FedEx
UPS Store (~$30/Mo)
Inconvenient Locations
KIOSKS/LOCKERS
are inconvenient
SwapBox ($2/Package )
in SF Only, Difficult to Scale
Amazon Lockers (Free w/
Prime) Amazon Packages Only
ON DEMAND
is expensive
MyDoorman ($4/Package)
in SF Only, High Overhead
Parcel ($5/Package)
in NYC Only, High Overhead
MISSED DELIVERIES ARE A PERVASIVE & GROWING PROBLEM
CURRENT SOLUTIONS ARE UNAPPEALING AND/OR EXPENSIVE
>2
BILLION
MISSED DELIVERIES
EACH YEAR IN THE US
27%
PROJECTED INCREASE IN
ONLINE RETAIL BY 2018
MISSING PACKAGES IS
PAINFUL
4. HOW IT WORKS
USE THE APP TO LOCATE A HOST
IN YOUR NEIGHBORHOOD AND
REQUEST TO CONNECT
PICK YOUR PACKAGE UP NEARBY,
WHENEVER YOU WANT.
PAY THROUGH THE APP UPON
PACKAGE RECEIPT.
AT CHECKOUT, SHIP YOUR BOX
TO THE HOST’S ADDRESS IF YOUR
HOST IS AVAILABLE DURING THE
DELIVERY WINDOW
Blocbox is a platform that prevents missed deliveries by connecting people that miss
packages to their neighbors who happen to be at home during the day
6. WALK OR BOARD PETS
ANYTHING ELSE PEOPLE CAN THINK OF
ADDITIONAL USE CASES
SHARE COMMUNITY MEALS
SHARE WIFI
GET LAUNDRY DONE
SHARE PARKING SPACES
RENT TOOLS & EQUIPMENT
FIND STORAGE
CARPOOL
HOUSE SITTINGLET IN THE REPAIRMAN
FIND A BABYSITTER
7. A SIMPLE REVENUE MODEL
OTHER REVENUE SOURCES AND POTENTIAL REVENUE MODELS
• REVENUE FROM HIGHER-MARGIN USE CASES: STORAGE, PET CARE, ETC.
• B2B: CONTRACTS WITH ONLINE RETAILERS AND/OR CARRIERS
• ADVERTISING PLATFORM FOR LOCAL COMPANIES OFFERING SERVICES NOT PROVIDED BY BLOCBOX
Users Pay Per Transaction, with Subscription Options
REVENUE PROJECTIONS: PACKAGE RECEIPT USE CASE ONLY
WITH 25 USERS AVERAGING 3
PACKAGE RECEIPTS PER MONTH
BLOCBOX ANNUAL NET
REVENUE PER HOST
$1,500
ANNUAL HOST
REVENUE
$260
BLOCBOX ANNUAL
NET REVENUE
$900K
AT 85K USERS OR 3,500
NEIGHBORHOODS
(5% OF NEXTDOOR.COM)
WITH 15% COMMISSION
ON EACH SHIPMENT
8. BETA
WHERE
• 11238: Clinton Hill, Prospect Heights
• 13 active users
• 15 transactions in July
• 150 waitlist end-user sign ups concentrated in
Brooklyn/NYC
• 75 sign-ups interested in hosting
ACTIVITY
• July 2015
• Clinton Hill, Brooklyn (11238)
LAUNCHED
PHASE 1 - Current
PHASE 2 - September
PHASE 3 - October
+ 11217: Fort Green, Boerum Hill
+ 11201: Brooklyn Heights, Dumbo
+ 11211: Williamsburg
www.blocbox.co/beta
• Driven by waitlist sign-ups, host interest and
demographics
EXPANSION
9. INVESTMENT OPPORTUNITY
• Web app development
• Drive & convert waitlist
sign-ups
• Early host incentives
• Founder saleries
• Entry into new cities
• Mobile app development
• Additional Use Case
Experimentation
• Hiring
• Build local and retail
partnership program
New York
Launch
AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JULY AUG
2
4 10 20
45
70 100
DC
Launch
Limited
National Launch
Brooklyn
Expansion
Wide National
Launch
RAISING $250K
NEIGHBORHOOD EXPANSION
• Convertible note - $1MM pre-money valuation - 20% Discount - 6% Interest
• 50K committed
• Revenue by Q4 2015
Driven by waitlist sign ups and neighborhood fit
USE OF FUNDS ACCORDING TO ROADMAP
~2,000
Active Users
~1,000
Active Users
12. Blocbox connects neighbors that don’t have enough [time at home, space, …] to
neighbors that have surplus [time at home, space, … ]
NEIGHBORHOODS ARE UNDERUTILIZED ASSETS
PROBLEM SOLUTION
I’m at the office during the day
and can’t get my packages
But I have extra storage space
And I wish I knew my neighbors.
I work at home so its easy to get
lots of packages
But I’m running out of closet
space
And I wish I knew my neighbors.
13. ¯ˉ¯ˉ¯ˉ¯ˉ
TRENDS
SINGLE PERSON HOUSEHOLDS
GOOGLE TRENDS INTEREST INDEX: “MISSED PACKAGE”
Online Shopping – People at Home = Missed Deliveries
US ONLINE RETAIL FORECAST
2009 2010 2011 2012 2013 2014
12
28 29
38
45 50
201820172016201520142013
14. The “Host” Model is Socially Responsible and Economically Efficient
NEIGHBORHOODS AS MICRO-ECONOMIES
• Source of Income in a Tough Job Market
• Minimizes Overhead and Infrastructure Requirements
• Outsources Marketing – Hosts have incentive to proselytize
• Passive Income – Big Payoff For Little Effort
• Revitalizing Neighborhoods – Hosts are Neighborhood “Hub”
• Great Opportunity for Several Demographics:
• Retired People
• Teleworkers/freelancers
• Stay at Home Parents
• Unemployed/ Between Jobs