SnapCrowd is The “next generation of personal cloud storage” Both Web and Mobile Clients Mobile Devices - Operating System agnostic – one account all devices (iOS, Android & Windows) Very attractive and intuitive User Interface Special focus on sharing capabilities with built-in links integrating user accounts directly to other applications such as DropBox and Facebook, etc… SnapCrowd is “Safe, Simple and Sharable”
John McBride, CEO - 25 years of experience in starting and buying companies – all retail +service. Vast knowledge of the entertainment / media industry, music, videos and gaming. Conceived of SnapCrowd in the fall of 2006. Francis Perez, CIO – 11 years of experience architecting and developing enterprise systems with a focus on Point of Sale, medical transcription, media rich websites, and interfacing applications. Jeff Downs, CFO – 26 years experience including “Big Four” - Deloitte - mfg audit, Kodak Internal Audit, public company experience, largest company LabCorp ($Billion+), smallest – startup (later sold for $100Mil). 10 years experience as CFO, 2 co’s both medical labs. Both sold; $200mil+ total. Cumulative transaction values >$500mil.
Storage, Sharing and Collaboration of Digital Media: Pictures Music Videos Documents E-books
iCloud (Apple) >Cloud Drive (Amazon) Box.net >Skydrive Crowd Cameo >Photo Bucket Flicker >Carbonite Smug Mug These companies offerings are limited in terms of features, functionality and operating system ONLY SnapCrowd offers a complete list of services and is operating system agnostic When it comes to the areas of performance, design, functionality and integration SnapCrowd easily distinguishes itself from the rest of our competition.
Who was first? Hard to tell from theirUI. One looks like the other. If we putGoogle Drive on here it would look thesame as these.
Documents are organized in FOLDERS,ALL file types accepted. No moredownloading to see what’s in the file.SnapCrowd provides a PREVIEW of thedocument with page flip feature comingsoon.
In addition to providing the platform as it is, we have customized certain solutions that are repeatable and plan to market the following services immediately: Crowd Pix Lifetime Library Smart-Board integration
Currently providing services to: Wake Forest University Athletics (CrowdPix) UNC – Chapel Hill Athletics (CrowdPix) UNC - Chapel Hill Library Sciences Depart. – “Lifetime Library Project” Salem College Winston-Salem University Graylyn Convention Center Jefferson Elementary School Our Lady of Mercy Elementary The Summit School
We leverage our technology backbone to provide low cost commercialsolutions like sharing of event photos on stadium and arena video boards.
Once a photo is submitted viaCrowdPix, the venue now has the ability to send a bounce- back message of their choosing.
We offer Advertisers theoption of sendingelectronic coupons andother offers to draw incustomers.
1st generation cloud storage products are fragmented – requiring as many as 4 different apps to give one on-line access to all one’s files ▪ Time consuming, ▪ Potentially expensive, ▪ Management headache keeping up with files Others User Interface ‘s, in most cases, are not friendly or intuitive Data protected is questionable
Applications are often Operating System and or Hardware specific eg. iCloud is for Apple devices only This reduces the share-ability of data Except perhaps with Facebook , Apps are not generally integrated with one another ▪ rather than improve workflow add to the process or worst case impede workflow further
Downloading of files is problematic Lack of bandwidth = time Large files = more time Requires devices to have larger storage ▪ Leads to more costly devices (8mb tablet vs. 64mb tablet) Syncing of files becomes a bigger issue the more devices one has Devices are not always able to open every file type ▪ Translates to more wasted time and expense (wasted data minutes)
One App for all media types OS Agnostic Integration with other applications Customizable link to access one’s own servers Attractive and intuitive UI Streaming technology Syncing Unlimited file sizes and formats Encrypted
Roughly 3.5 Billion Smart Phones and Tablets devices in service today worldwide
Android App Live (next 45 days) Syncing (next 90-days) Build Retail Eco System – Music sales, Video Sales, etc… (next 180-days) Ist 100,000 Subscribers (120 days) 1.3M Subscribers end of year 1 3.4M Subscribers end of year 2
Android APP in the Android marketplace now – reserving spot Picture Hub will be LIVE in the Android Marketplace later this week, Will add one Hub every two weeks until all features and functions are LIVE (9/30/12) Syncing programmer selected, design plan is laid out, budget is set (90 days)
Hire Web Developers (4-Yr1, additional 1-Yr2) Hire Customer Svc FTE’s to scale (1:40,000) Hire Sales and Marketing FTE’s (6 -Yr1, add’l 3-Yr2)
Marketing Plan not carved in stone Varying approaches both internal and external resources (from independent individuals , Walter Lentfert, to large international firms Ogilvy and Mather – Chicago) Marketing partners in Germany – European Market, Korea – Asia Market (35 million captive cell phone customers) Nokia – training video to 9,000 retail stores, 40,000 retail sales associates Microsoft – “Channel 11” – 250,000 employees Microsoft - WP8 launch Strategically placed articles (Tech Crunch), Blogs College Campus campaigns
Regulatory Pathway – None IP – Have had preliminary discussions with IP attorney relating to various items - early Management - see bios and also use of proceeds will be to build out additional team members
Exit :1. Sell to a Competitor (DropBox, Box.net, Google, Amazon)2. Sell to a Strategic (Panasonic, Samsung, Nokia, ATT, Verizon)3. Sell to VC/PE4. IPOOne of the first three – most likelyValuation:Pre-money $3.5MPost – money = $5.0M$1.5M = 30%
DIFFERENTIATING FACTORS1. Intuitive User Interface2. Mobile APP multi-tasking functionality3. Operating System agnostic4. All digital assets stored in one application5. High-def media streaming6. Robust Sharing capability (Integration with DrobBox, Facebook, and others)7. Multi-page document file preview before downloading or file transfer8. Sub-User Administration9. “How to” video tutorials10. Hundreds of file formats accepted11. Down-loading of files to devices is an option not a mandate