Transcript of "MegaGroupBookSquare Investor Pitch"
MegaGroupBookSquare Corp.Investor Presentation<br />Presentation to SuperAwesome VC<br />
PROBLEM - Bus travel is SUPER EXPENSIVE and finding deals is REALLY HARD<br />Cost per trip increased by 100% in 5 years<br />Lots of confusing deal websites with few bus deals<br />Good deals only available to < 1% of riders<br />
OPPORTUNITY – People taking buses is a HUGE MARKET in the USA<br />1 Billion bus trips in the US in 2009<br />Average cost per trip $50; total market $50 Billion<br />Additional 500 Million trips if bus travel was cheaper*<br />By: MegaAwesomeConsultants Inc.<br />
SOLUTION – MegaGroupBookSquare helps the average person find great bus deals whenever<br />Deals sent to mobile phone based on travel date and locations of interest<br />The more people in on deal, the lower the price<br />Increased usage through fun gaming element by letting users “hunt” and “check-in” deals<br />
MARKET– Targeting 10 million riders who take more than 5 trips per year on bus<br />Students needing cheap travel back home<br />Businesses reducing expensive travel costs<br />The “Near-cation” leisure travel segment<br />Partnership with bus companies <br />Increase seat revenue per mile<br />Better control of marketing deals & promotions<br />
COMPETITION –Patented real-time travel deal serving technology gives us competitive edge<br />Group Buying (i.e. GrupPown) – no access to travel deals and focused on food & retail<br />Bus Websites (i.e. Yolt Bus) – locked into one bus company, deals hard to find and not real-time<br />Social Deals (i.e. TwitCoolDeals) – not used by “normal” users and deals easy to miss<br />
REVENUE – Make money day one on commissions from deals and travel advertising<br />Commission charged to bus companies on sales made via deal at 5% - make average $4 per sale<br /> Online advertising by travel / tourist related companies – average ad deal $20K / month<br />Year two revenueestimate of $2 Million<br />
MILESTONES – Since founding Jan 2010:<br />Built Minimally Viable Product – website that serves deals to customers released August<br />Signed 5 bus companies to offer deals<br />Registered 5,000 users; 2,000 cashed in deals<br />Mentions in Mashable, TechCrunch, WSJ<br />Brought on Dave McClure as advisor<br />
FINANCES – Currently bootstrapped with three (3) months cash reserves<br />
FUNDING – Requesting $2 Million in Series A at $8 Million valuation<br />Sales & Marketing - $1.2 M – partnerships & customer acquisition for hires and campaigns<br />Engineering - $0.5 M – hiring 3 - 4 engineers<br />Reserve - $0.3 M<br />
TEAM –Founders have prior experience in building successful tech start-ups<br />Jock Merlin – CEO – Founded Twatter and PenPal<br />Rico Suave – CTO – Former CTO of Groobal and Founder of Deal-a-Thon.com<br />Mary Hart – Customer Development – Head of Marketing at Yolt Bus and Farefast.com<br />
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