Smarterkey aa investor-day-pitch

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Smarterkey pitch for investors @ Accelerator Academy Investor Day.

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Smarterkey aa investor-day-pitch

  1. 1. ”guest access control in the peer to peer lodging marketplace” www.smarterkey.com Accelerator Academy : Investor Day 10/12/12 Presenter : David Moss Co-founder : Simon Moss
  2. 2. smarterkey : Introduction  What ? Mobile app & hardware device.  Vertical : Guest access control.  Short term rental marketplace.  Marketplace = Host & Guest.  Demand : Host rents on airbnb.com.  Problem : Host no B&B no staff no time for check-in.
  3. 3. smarterkey : The Solution  Host : guest access control remotely.  Guest : self check-in. No meet & greet.  smarterkey platform no need for keys.  Digital encrypted key.
  4. 4. smarterkey : Product – Benefits - Team  Demo. App 2 Cloud 2 Hardware 2 Door.  Live installation 3 apartments.  British Standards BS 3621. On/Off.  Benefits : Host-secure/ Guest-calm.  Airbnb “travel like a human”.  smarterkey : “Convenience for both hosts & guests.”  Team .
  5. 5. smarterkey : Market  >1m rental/vacation hosts in Europe.  Hosts : Airbnb 150K / HouseTrip 140K in Europe.  Customer : Domestic, landlords.  Partners : Portals, property management companies with existing distribution channels.  Competition : Manufacturers – Lockitron .  smarterkey USP.
  6. 6. smarterkey : Numbers  Revenue : Host £150 installation.  Host £150 annual subscription to smarterkey platform.  Host £5 PAYG check-in.  Outsource traditional check-in costs £20-£40.  Average European host 25 check-ins / annum. USA=80.  Airbnb sold 5M check-ins. 2013 2014 2015 2016 Hosts 1600 4700 11000 25000 £ T/O .5M 1.3M 3.1M 7.7M £ G. Profit 125K 430K 1.3M 4.0M £ Costs 320K 420K 470K 570K £Net Profit (190K) 10K 830K 3.4M
  7. 7. smarterkey : The Ask  £250,000.  25% share capital.  Post money valuation £1M.  Lead seed B2B2C sales & marketing.  SEIS. Spend £’000 Staff 138 Legal & IP 26 Hardware & software development 27 Marketing 29 Equipment 13
  8. 8. smarterkey : Exit  Trade exit 5yrs £10M.  Telecoms / Lock / airbnb.  airbnb £7.5M crashpadder.  Google Ventures : £25M homeaway.com recent £17M bufferbox.com.  smarterkey “convenience for both hosts & guests.”  CLOSE. Demo @ stand / Q&A.
  9. 9. “guest access control for the peer to peer lodging marketplace”

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