500 Demo Day Batch 19: Innerspace

415 views

Published on

500 Demo Day Batch 19: Innerspace

Published in: Technology
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
415
On SlideShare
0
From Embeds
0
Number of Embeds
7
Actions
Shares
0
Downloads
16
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide
  • 8000 years ago this weird little rock was the hottest thing in map making.

    Today, it’s GPS.
  • It’s so easy to get maps these days that we’ve come to depend on it, whether it’s grabbing an Uber, getting a date with Tinder or catching Pokemon.

    But that’s outdoors. Inside, we get nothing.
  • We spend 90% of our time indoors, but the way we experience these spaces really hasn’t changed since the dark ages.
  • Fortunately, thousands of companies are building awesome tech for the indoors, like augmented reality and indoor wayfinding.

    But unlike outdoors, mapping inside is painful - it’s literally done by hand.

    So the data these companies need is really hard to get, and they’re struggling to scale. We provide that data.

  • Yet these guys, they’re chasing a $250 Billion market.
     
    And they all need the same thing.
     
    My name is James Wu, and I’m the co-founder of InnerSpace.
  • We solve their growth problem by creating maps and positioning data automatically. Just plug in one of our sensors.
    Our cloud-based platform delivers the GPS experience to the indoors 20x faster than anything else. There’s no custom work, no manual effort, and no capital costs.
  • It’s this speed and simplicity that has led these major global brands to work with us.
  • One of our retail customers will make an extra $2M per store every month simply by helping shoppers find everything on their list.

    At 10k a pop and over 400 stores, this one customer alone represents $4M in MRR.
  • So who is the team going after this massive vision?
     
    We’re a bunch of start up veterans.
    Most recently we went head-to-head with Amazon Kindle and exited for $315M after only 2 years.

    {CLICK}

    Our seed round is now 50% subscribed, so if you don’t want to miss out on our next exit, come see us after this.

  • 500 Demo Day Batch 19: Innerspace

    1. 1. 250B$
    2. 2. PER STORE PER MONTH AVG MRR PER STORE JUST ONE CUSTOMER $2M $10k 400+ STORES
    3. 3. EXPERIENCED FOUNDERS EXIT IN 2012 PREVIOUS STARTUPS Ph.D 3 315 Million 5 1 $
    4. 4. @innerspacehq founders@innerspace.i o http://innerspace.io

    ×