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Vesync Deck

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Vesync Deck

  1. 1. Onstar for smartphones<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  2. 2. Problem<br />Telematics services only offered for select vehicles. <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  3. 3. Problem<br />Upfront cost for telematics device and hefty subscription fees. <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  4. 4. Problem<br />Exclusive, when security should be inclusive.<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  5. 5. Problem<br />Telematics service not offered on smartphone (mobile) devices.<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  6. 6. Problem<br />Telematics is a fairly new concept where traditional approaches have not been working.<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  7. 7. So what now?<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  8. 8. Solution<br />All vehicles 1996 and up can have telematics service. <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  9. 9. Solution<br />Mobile app that gives convenience of having a telematics device without upfront cost and heavy subscription fee.<br />Onstar charges ($200-600) upfront & ($300) yearly sub fee. <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  10. 10. Solution<br />Quick and convenient installation. <br />First program to utilize smartphone platform as hardware.<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  11. 11. Solution<br />Phone becomes the solution rather than the problem. (Illegal to use phone while driving/unless harnessed and use as a navigation tool).<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  12. 12. Vesync hardware and app<br />Vesync OBII Hardware:<br />Vesync Application: <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  13. 13. Technology<br />Telematics software that interacts with OBDII connector for vehicle information. <br />Smartphone technology for internal systematic software application. <br />Voice activated command module, for hands free everything. <br />Harmonious integration of “the cloud” and consumer reachability. <br />S.P.E.E.D technology. (Security, Pleasure, Emergency, Efficiency, and Diagnostics).<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  14. 14. S.P.E.E.D technology<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  15. 15. Market Size <br />5% of cars owners in the U.S. have telematics service. (12million/245.4million)<br />600 million cars worldwide. (China, US, Germany, and Japan).<br />Estimated over 1 billion smartphone users by 2013. <br />Only 1 mobile application (mix mobile), offers non-customer service telematics. <br />$35B Addressable market in U.S. alone. (233.4 x $150/year)<br />10% market share = $3.51B<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  16. 16. Competition <br />Major Players:<br />Mobile and Aftermarket:<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  17. 17. Management Team <br />Richard Lin (CEO): Entrepreneur, Webmaster of MBA club, BA from UCD<br />Nathaniel Brandes(CTO): 6 years of programming, President of Computer Science club in UCD, BS from UCD.<br />Young team gets edge from being fresh and innovative, whereas, competitors stick to traditional methods. (In with the new, out with the old). <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  18. 18. Sales and Marketing<br />Word of mouth advertising through social networks (ie: Facebook, Twitter, Word press). <br />Free Wi-Fi OBII port connector and free 3 month trial with purchase of yearly subscription. <br />Market product to demographic age between 16-35 due to higher rate of users for smartphone. (Safety feature for parents to track where there children are driving).<br />Once reputation is built expand to countries with high production of cars: China, Japan, Germany.<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  19. 19. Marketing<br />First <br />Second<br />Third<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  20. 20. Microeconomics<br />IPHONE microeconomics analysis:<br />IPhone SDK: upfront $99<br />Data: upfront $5,000<br />Website hosting: upfront $1000<br />Apple Fees: for each sale 30%<br /> ___________________________<br />Total: upfront $6099 <br />Revenue Model to Break Even: <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  21. 21. Financials <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  22. 22. Funding<br />Looking to raise $500,000 - $1M in early 2012. <br />Funds will be focused on scaling sales, supporting infrastructure, and increase development speed. <br />Exit strategy: get acquired by automotive company, specifically ones that do not offer telematics services or are new to the market (Nissan, Hyundai, Honda, BMW, etc…)<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  23. 23. Current<br />Applied to early stage incubator competition: MassChallenge.<br />Acquired 53 (100%) votes <br />8 platinum endorsements from startups such as: locate.ly and embed.ly. <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  24. 24. Summary<br />Application that uses smartphone as hardware for telematics service, making it inclusive, rather than exclusive. <br />Entering an untapped market (Full integration of telematics for smartphone).<br />Takes the success of OnStar and applies it on mobile application.<br />User accessibility increases consumer purchase and suitability. <br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />
  25. 25. Contact Us<br />Richard Lin<br />Chief Executive Officer<br />R.lin@vesync.com<br />408.421.0315<br />Vesync.com| r.lin@vesync.com | 408.421.0315<br />

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