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WAYFIND
SIMPLIFY INTERNATIONAL TRAVEL




          BETH WERNET & PAM JUE
           SVA IXD STRATEGY FINAL | FALL 2012
THE PROBLEM




                         PEOPLE LOVE TO TRAVEL

                                       BUT...

FINDING INFORMATION IS TIME CONSUMING
   The average person visits 21 sites during 9 sessions while preparing for a trip




           “VISA INFORMATION
                 WHAT INFORMATION IS THE HARDEST TO FIND?
THE SOLUTION




WAYFIND MAKES THE VISA PROCESS
  STRAIGHTFORWARD & SIMPLE
THE PRODUCT

              A SERVICE THAT GIVES USERS VISA INFORMATION THEY NEED




DO I NEED A                 YES                  FOLLOW                LET US FILE
                                                  THESE                YOUR VISA
  VISA?                   HERE IS WHAT
                                                DEADLINES             APPLICATION
                            YOU NEED
THE MARKET

                     WE ARE TARGETING TRAVELERS WHO NEED A VISA




                470+ M
TRAVELERS




                                                                           1.8 M
                                             160+ M
            INTERNATIONAL                  NEED VISAS
                                                                          USE OUR
                                                                          SERVICE
              TRAVELERS




                                            $256 B                          $95 B
               $853 B
VALUE




                                                                           ONLINE
                                         ONLINE TRAVEL                     AGENCY
            TRAVEL SALES                     SALES                          SALES




                                                                  Source: World Travel and Tourism Council
THE COMPETITION

        Expensive




Quick               Time Consuming




           Cheap
VALUE TO USER



                  WAYFIND              Travel Agencies       Guidebooks         Travel Sites




                                      Convenient but       Simple but don't   Takes hours of
Ease of use         Simple              expensive            process visas      research




                   Saves time
                                     Someone else takes       High level      Can find specific
Benefits      Targeted information    care of it for you     information        information
               Keep users on track




                     Free
Costs                                     $75-$150              Free                Free
                  [$30 - $70]
REVENUE


              WE CHARGE $30-$70 FOR OUR VISA SERVICE




VISA FILING                 AVG. FEE                   REVENUE



                                                        $128 M
   1.8 M                       $50
                                                        2012-2015
CUSTOMER ACQUISITION


BLOGS   WORD OF MOUTH   PARTNERSHIPS




                               Medium to Small
                               Travel Agencies
THE TEAM




Beth Wernet           Pam Jue




Co-founder            Co-founder
Designer              Designer
Front End Developer   Front End Developer
RISKS & OPPORTUNITIES


            RISKS                        PRECAUTIONS



Content is not accurate or    ●   Allow users to flag incorrect
up to date                        information
                              ●   Hire people to manage
                                  content


                              ●   User experience beats our
Users only use us once            competitors
                              ●   Expand content to other
                                  practical needs of traveling




Rely on agencies to satisfy   ●   Partner with experienced
our users                         agencies
                              ●   Hire people to manage
                                  those relationships
THANK YOU
APPENDIX


    International Trips Are On The Rise
            1000
                                                                                        942 M
            900
                                                                   924 M
                                                           908 M           885 M
            800                             850 M
                                    805 M
            700
                            760 M

            600     690 M
TRIPS (M)




            500

            400

            300

            200

             100

              0

                   2003     2004    2005    2006           2007    2008    2009         2010
                                                    YEAR                           Source: World Bank Data
APPENDIX                                                             APPENDIX


  Number of Customers

              6 MONTHS   12 MONTHS   18 MONTHS   24 MONTHS   36 MONTHS




    LOW       46K        100K        215K        465K        2.2M



    HIGH      230K       500K        1.1M        2.3M        10.8M
APPENDIX


Revenue
                                  6 MONTHS            12 MONTHS     18 MONTHS        24 MONTHS   36 MONTHS


 LOW                              $516                $1100         $325K            $703K       $3.3M

 HIGH                             $12.9K              $28K          $18.9M           $41.2M      $192M

 Base Costs                       $72K                $83.7K        $83.7K           $404.8K     $1M
              REVENUE STREAMS




                                Affiliate Marketing

                                                                  Visa Processing

                                                                                    App Sales
              FOCUS




                                  User Acquisition                Monetization & Growth
APPENDIX                                                                      APPENDIX


  Breakdown of Revenue

                     6 MONTHS   12 MONTHS   18 MONTHS   24 MONTHS   36 MONTHS


    AFFILIATE LOW    $516       $1.1K       $2.4K       $5.2K       $24K


    AFFILIATE HIGH   $12.9K     $28K        $60K        $129.4K     $593.4K


    VISA LOW                                $323.4K     $697.5K     $3.2M


    VISA HIGH                               $18.9M      $40.7M      $189.3M


    MOBILE LOW                                          $16.2K      $407K


    MOBILE HIGH                                         $75.7K      $1.9M
APPENDIX                                        APPENDIX


  Breakdown of Online Travel Planning

           63%                     40%    36%




           36%                      30%
                                            26%



           11%




                                                  Source: Travelport
APPENDIX                                 APPENDIX


  Breakdown of Base Costs
    Months   Items          Cost

    6        1 Engineer     $75,000

    12       1 Engineer     $75,000
             Server         $1,200
             Marketing      $7,500
                            $83,700

    18       2 Engineers    $75,000
             1 Employee     $1,200
             Server         $7,500
             Marketing      $83,700

    24       $5175.5        $300,000
                            $60,000
                            $4,800
                            $40,000
                            $404,800

    36       $24,071.4      $650,000
                            $240,000
                            $4,800
                            $81,000
                            $60,000
                            $1,035,800

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Wayfind Presentation Deck

  • 1. WAYFIND SIMPLIFY INTERNATIONAL TRAVEL BETH WERNET & PAM JUE SVA IXD STRATEGY FINAL | FALL 2012
  • 2. THE PROBLEM PEOPLE LOVE TO TRAVEL BUT... FINDING INFORMATION IS TIME CONSUMING The average person visits 21 sites during 9 sessions while preparing for a trip “VISA INFORMATION WHAT INFORMATION IS THE HARDEST TO FIND?
  • 3. THE SOLUTION WAYFIND MAKES THE VISA PROCESS STRAIGHTFORWARD & SIMPLE
  • 4. THE PRODUCT A SERVICE THAT GIVES USERS VISA INFORMATION THEY NEED DO I NEED A YES FOLLOW LET US FILE THESE YOUR VISA VISA? HERE IS WHAT DEADLINES APPLICATION YOU NEED
  • 5. THE MARKET WE ARE TARGETING TRAVELERS WHO NEED A VISA 470+ M TRAVELERS 1.8 M 160+ M INTERNATIONAL NEED VISAS USE OUR SERVICE TRAVELERS $256 B $95 B $853 B VALUE ONLINE ONLINE TRAVEL AGENCY TRAVEL SALES SALES SALES Source: World Travel and Tourism Council
  • 6. THE COMPETITION Expensive Quick Time Consuming Cheap
  • 7. VALUE TO USER WAYFIND Travel Agencies Guidebooks Travel Sites Convenient but Simple but don't Takes hours of Ease of use Simple expensive process visas research Saves time Someone else takes High level Can find specific Benefits Targeted information care of it for you information information Keep users on track Free Costs $75-$150 Free Free [$30 - $70]
  • 8. REVENUE WE CHARGE $30-$70 FOR OUR VISA SERVICE VISA FILING AVG. FEE REVENUE $128 M 1.8 M $50 2012-2015
  • 9. CUSTOMER ACQUISITION BLOGS WORD OF MOUTH PARTNERSHIPS Medium to Small Travel Agencies
  • 10. THE TEAM Beth Wernet Pam Jue Co-founder Co-founder Designer Designer Front End Developer Front End Developer
  • 11. RISKS & OPPORTUNITIES RISKS PRECAUTIONS Content is not accurate or ● Allow users to flag incorrect up to date information ● Hire people to manage content ● User experience beats our Users only use us once competitors ● Expand content to other practical needs of traveling Rely on agencies to satisfy ● Partner with experienced our users agencies ● Hire people to manage those relationships
  • 13. APPENDIX International Trips Are On The Rise 1000 942 M 900 924 M 908 M 885 M 800 850 M 805 M 700 760 M 600 690 M TRIPS (M) 500 400 300 200 100 0 2003 2004 2005 2006 2007 2008 2009 2010 YEAR Source: World Bank Data
  • 14. APPENDIX APPENDIX Number of Customers 6 MONTHS 12 MONTHS 18 MONTHS 24 MONTHS 36 MONTHS LOW 46K 100K 215K 465K 2.2M HIGH 230K 500K 1.1M 2.3M 10.8M
  • 15. APPENDIX Revenue 6 MONTHS 12 MONTHS 18 MONTHS 24 MONTHS 36 MONTHS LOW $516 $1100 $325K $703K $3.3M HIGH $12.9K $28K $18.9M $41.2M $192M Base Costs $72K $83.7K $83.7K $404.8K $1M REVENUE STREAMS Affiliate Marketing Visa Processing App Sales FOCUS User Acquisition Monetization & Growth
  • 16. APPENDIX APPENDIX Breakdown of Revenue 6 MONTHS 12 MONTHS 18 MONTHS 24 MONTHS 36 MONTHS AFFILIATE LOW $516 $1.1K $2.4K $5.2K $24K AFFILIATE HIGH $12.9K $28K $60K $129.4K $593.4K VISA LOW $323.4K $697.5K $3.2M VISA HIGH $18.9M $40.7M $189.3M MOBILE LOW $16.2K $407K MOBILE HIGH $75.7K $1.9M
  • 17. APPENDIX APPENDIX Breakdown of Online Travel Planning 63% 40% 36% 36% 30% 26% 11% Source: Travelport
  • 18. APPENDIX APPENDIX Breakdown of Base Costs Months Items Cost 6 1 Engineer $75,000 12 1 Engineer $75,000 Server $1,200 Marketing $7,500 $83,700 18 2 Engineers $75,000 1 Employee $1,200 Server $7,500 Marketing $83,700 24 $5175.5 $300,000 $60,000 $4,800 $40,000 $404,800 36 $24,071.4 $650,000 $240,000 $4,800 $81,000 $60,000 $1,035,800