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FAMBIT
Useful and fun services for Families
        Money Talks Forum, November 2011

               Pertti Kasanen, CEO
                www.fambit.com
Fambit Now – Freemium

Safety and peace-of-mind	

          Making family life easier	

Location sharing	

                     Calendar and tasks sharing	





                              2
Fambit Growth
Fambit 
cash-flow 
positive	



External 
cost level	





                      3
Problem for Families

   Easy sharing of photos
          privately 	

within the (extended) family	



              4
Fambit Photoframe




        ★  Instant, casual, private, easy and fun
        ★  90% reuse of the Fambit proven implementation


         5
Market Opportunity
         3rd wave ongoing                                        Fambit will lead the biggest market segment of
                                                                 photo-frame usage – the private family sharing	

          in photo-sharing                                                                         2011	

         2012	

                                                                    Digital Photo Frame                         42 million 
                                                                                                18 million	

                                                                        sales (units)	

                          (IDC)	

                                                                  iPad and Android tablet       64 million   104 million
                                                                        sales (units)	

        (Gartner)	

    (66% iPad)	

                                        Instagram, 
                                        Path, Picplz	

             % of tablets used as
                                                                                                   1 %	

           5 %	

                                                                       photo frames	

                    Facebook,                                 % of tablet photo frames
                                                                                                   5 %	

          20 %	

                     Twitter	

                                  using a premium service	

                                                                  Premium photo sharing
Flickr, Picasa	

                                                                                32 000	

       1 million	

                                                                      market (units) 	

                                                                  Revenue (per unit, year)	

      20 €	

       €3 – €10	

                                                                    Fambit addressable                           €2 – €10
     2000	

          2005	

       2010	

                                                     640 000 €	

                                                                         market	

                                million	




                                                          6
Competitive Advantages
                                               Competition example:

1. Cheap tablets will replace dedicated        Ceiva’s DPF + service
                                               costs $80 – $120 each year
   Digital Photo Frames (DPF)
   -  Price
   -  DPF photos updated 1/year
2. Differentiators: Easy  private.
   Many phones, multiple Photoframes.
3. Too complicated: Picasa, Flickr,
   Photobucket, …
4. Instagram, Color etc. focus in friends

                                              http://photo-sharing-services-review.toptenreviews.com/	

                                            http://en.wikipedia.org/wiki/List_of_photo_sharing_websites	



                                    7
Fambit Go To Market
                            Media sponsored,
          Partnerships    co-branding 	

      Operator tablet +
           in Finland	

     revenue share	

      3G bundles	




Mobile operator
  integration	

                       Photoframe	





                               8
Assets for Growth
             Learning from 6000 dependant family users. Available
              in English, German, French, Portuguese and Finnish.	


                                                 www.fambit.com	

     www.perhetutka.com	





Local distribution and     Scalable and robust, in           Implemented earning models:
marketing partnerships.    Amazon AWS. Mobile                bank payments, credit card
First NSN’s Creatory       operators through                 subscriptions, scratch cards,
broker pilot ongoing in    aggregators. Facebook             SMS payments, mobile ads,
Switzerland.	

            integration  viral               App Store payments,
                           features. Co-branding.	

         Facebook credits…	

                                          9
The Core Team
                 Pertti Kasanen	

                 - 4 years in Nokia/NSN
                   director, end user services	

                            Company
                 - 11 years as entrepreneur
                   (Akumiitti Oy...)
                 . M.Sc. (tech)	

                               • Founded in May 2009
                                                                 • Fambit.com in June 2010
                  Markku Ranta	

                                • Perhetutka.com in August 2011
                  -14 years in Nokia
                    director, technology validation           • iOS and Android September 2011
                  - lic. tech, MBA

                                                                 • Financing: two founders and public
                                                                  support
                 Joel Kasslin	

                 - User interface 	

                 - Web programming	




Office: Hiilikatu 3, Helsinki	

email: firstname.familyname@fambit.com	

                                                         10
Investor Proposition
★  Fambit seeks 300k€ of funding
  ★  for international growth and go-to-market
  ★  to match the private share of the NIY project application

★  Desired investor
  ★  Supports Fambit in growth and establishing channels

★  Exit strategy
  ★  Fambit is a ”buyable startup”, in terms of Steve Blank
  ★  Likely exit: existing players in photo-sharing / family services
                                    11
Thank you!


Follow us on:       /fambit	

   /fambit	

                      12

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Fambit pitch mtf nov2011 v5

  • 1. FAMBIT Useful and fun services for Families Money Talks Forum, November 2011 Pertti Kasanen, CEO www.fambit.com
  • 2. Fambit Now – Freemium Safety and peace-of-mind Making family life easier Location sharing Calendar and tasks sharing 2
  • 3. Fambit Growth Fambit cash-flow positive External cost level 3
  • 4. Problem for Families Easy sharing of photos privately within the (extended) family 4
  • 5. Fambit Photoframe ★  Instant, casual, private, easy and fun ★  90% reuse of the Fambit proven implementation 5
  • 6. Market Opportunity 3rd wave ongoing Fambit will lead the biggest market segment of photo-frame usage – the private family sharing in photo-sharing 2011 2012 Digital Photo Frame 42 million 18 million sales (units) (IDC) iPad and Android tablet 64 million 104 million sales (units) (Gartner) (66% iPad) Instagram, Path, Picplz % of tablets used as 1 % 5 % photo frames Facebook, % of tablet photo frames 5 % 20 % Twitter using a premium service Premium photo sharing Flickr, Picasa 32 000 1 million market (units) Revenue (per unit, year) 20 € €3 – €10 Fambit addressable €2 – €10 2000 2005 2010 640 000 € market million 6
  • 7. Competitive Advantages Competition example: 1. Cheap tablets will replace dedicated Ceiva’s DPF + service costs $80 – $120 each year Digital Photo Frames (DPF) -  Price -  DPF photos updated 1/year 2. Differentiators: Easy private. Many phones, multiple Photoframes. 3. Too complicated: Picasa, Flickr, Photobucket, … 4. Instagram, Color etc. focus in friends http://photo-sharing-services-review.toptenreviews.com/ http://en.wikipedia.org/wiki/List_of_photo_sharing_websites 7
  • 8. Fambit Go To Market Media sponsored, Partnerships co-branding Operator tablet + in Finland revenue share 3G bundles Mobile operator integration Photoframe 8
  • 9. Assets for Growth Learning from 6000 dependant family users. Available in English, German, French, Portuguese and Finnish. www.fambit.com www.perhetutka.com Local distribution and Scalable and robust, in Implemented earning models: marketing partnerships. Amazon AWS. Mobile bank payments, credit card First NSN’s Creatory operators through subscriptions, scratch cards, broker pilot ongoing in aggregators. Facebook SMS payments, mobile ads, Switzerland. integration viral App Store payments, features. Co-branding. Facebook credits… 9
  • 10. The Core Team Pertti Kasanen - 4 years in Nokia/NSN director, end user services Company - 11 years as entrepreneur (Akumiitti Oy...) . M.Sc. (tech) • Founded in May 2009 • Fambit.com in June 2010 Markku Ranta • Perhetutka.com in August 2011 -14 years in Nokia director, technology validation • iOS and Android September 2011 - lic. tech, MBA • Financing: two founders and public support Joel Kasslin - User interface - Web programming Office: Hiilikatu 3, Helsinki email: firstname.familyname@fambit.com 10
  • 11. Investor Proposition ★  Fambit seeks 300k€ of funding ★  for international growth and go-to-market ★  to match the private share of the NIY project application ★  Desired investor ★  Supports Fambit in growth and establishing channels ★  Exit strategy ★  Fambit is a ”buyable startup”, in terms of Steve Blank ★  Likely exit: existing players in photo-sharing / family services 11
  • 12. Thank you! Follow us on: /fambit /fambit 12