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"cheatr" Pitch by Simon Gallagher at #TFTLondon
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"cheatr" Pitch by Simon Gallagher at #TFTLondon

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Simon Gallagher presents his pitch ultimate social collaboration betting adviser to 'the Dragons' at the June meeting of "the Fantastic Tavern"....

Simon Gallagher presents his pitch ultimate social collaboration betting adviser to 'the Dragons' at the June meeting of "the Fantastic Tavern".

This presentation was given on 24th June 2010 at the "Dicken's Inn, St Katherine's Dock" in London.

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"cheatr" Pitch by Simon Gallagher at #TFTLondon Presentation Transcript

  • 1. Simon Gallagher
    cheatr
  • 2. £0
  • 3.
  • 4. cheatr – phase I
    Low value, high-frequency
    Massively parallel online gambling apps using “the cloud”
    Referrals, free trials
    Stooge accounts
    Build intelligence, patterns, data
    Do “complicated number crunching” in “the cloud”
    Should “break-even”
    𝑓𝑥=𝑎0+𝑛=1∞𝑎𝑛cos𝑛𝜋𝑥𝐿+𝑏𝑛sin𝑛𝜋𝑥𝐿
     
  • 5.
  • 6.
  • 7. Developmarketing on the cheap using “the cloud”
    Development crowdsourced to Computer Science students, nerds, unemployed software developers
    “good enough” model / distributed risk
    Revenue Share Model
    Build loyal tribe in the “cloud”
    iPhone app
    Facebook fans, apps
    Myspace
    Twitter
    4aq
  • 8. cheatr – phase 2
    Commercialisation, margin/%age
    In-line application
    Change bets based on observed patterns
    Machine learning
    http://cheatr.com
  • 9. Fin
    You’ve been rumbled
    Countermeasures >= Profit
    No capital assets for “the feds” to seize
    or
    But cost = neutral