2. What we do 1. We are going to summarize the news from all the media providers. 2. We are going to deliver the news summaries to the users for free. 3. We are going to make money through advertisement and user data. 4. We will apply our technology in the future to other industries.
3. So Much Information • Currently, there's too much information on the Internet. • There's no meaningful way to consume it all. • You don't have time to read all this information that will help you. • What if you can read summaries of that information? • Those summaries give you the most important idea.
4. News Readers • All online news readers are approximately equal to internet users. • Their behaviors differ. Most visit news sites once per month. • Everyone wants to be more informed in less time. • No one has time to read all information available.
5. Our Advantage • Our biggest competitor, Inside.com, uses human summarizers for the news. • We are using summarizing automatically, so we can scale more efficiently. • Our other main competitor, clipped.me, is summarizing from one source. • Our technology will be developed to summarize from multiple sources. • Thus, we can provide better insights than clipped.me
6. TAM - SOM - TOM • Total Available Market is $42 billion (total online ad revenue) • Served Available Market is $8.4 billion (social media ad revenue) • Total Obtainable Market is $24 million. • Our initial target is 25 million users. • A free product offering decreases Customer Acquisition Costs.
7. State of our Beta • We launched a Beta last week (summarit.com) • It's targeted at McGill Student • It summarizes McGill content • We got 25 users at a 20% conversion rate. • User feedback is helping us improve our beta and summary quality.
8. Next Steps • We will be improving summary quality through our technology. • We will start opening up platform to more users. • We will start summarizing Montreal news and later on the world news. • We will be improving the platform features for better user experience. • Our system is very scalable.
9. What is Stopping Us? • Artificial Intelligence development will need more developers. • We can decrease development time by using relevant APIs. • We need better web scraping tools to improve content offering speed. • All those technology requirements need resources.
10. Road Map • We will improve our summary qualities for users. • We will get user feedback on platform improvement. • We will implement improvements every two weeks. • We will expand user base through growth hacking. • We will keep on adding more news sources for users.
11. What We Need? • We need $100,000.00 to improve our technology. • This amount will be devoted to improving A.I. and server requirements. • We need assistance in partnering with media providers. • This partnership will help us get them more user traffic and analytics. • The opportunity is in great technology with a media product.
