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Meeting Mate
1.
2. Meeting Mate Investment Highlights
Market
People
Features
Business Model
Progress
Opportunity
Meeting Mate is a Sydney based software start up seeking to raise capital through a round
of Angel funding as well as securing a spot in a start up incubator.
Meeting Mate makes online meetings quicker to set and easier to manage whilst
improving their accountability and productivity.
Visual Concepts are more intuitive, quicker to use and can also eliminate typing, which is
big plus when using on smart phones and tablets. Like Trello achieved more than
5,000,000 users by offering visual organizing software to track projects, Meeting Mate is
doing the same for online meetings.
Meeting Mate developed a set of tools to tackle the most common frustrations of online
meetings including: teeing up the perfect time for all participants, tracking participant
status, participants non-shows or turning up late and starting of meetings only to find key
preparations tasks and yet to be completed.
By using Meeting Mate, businesses can access a number of useful tools including the
ability track statistics of users, projects and groups, which will aid making online meetings
more efficient, accountable and productive.
www.mymeetingmate.com
3. Meeting Mate Investment Highlights
Market
People
Features
Business Model
Progress
Opportunity
Target: Meeting Mate’s target audience is any business that requires having meetings
between associates in various locations. This is common amongst larger organisations
with multi city footprints, as well as smaller organization that use lower cost remote
workforces.
Research: Research from Frost & Sullivan estimated that the online meeting vertical earns
annual revenue in excess of $2.1 billion with a compound annual growth rate of 9.8
percent.
Growth: Frost & Sullivan further reported that the demand for web conferencing is
growing rapidly with several vendors reporting more than 25 to 30 percent increase in
usage.
Mobile Opportunities: In 2013 alone, there was more than 10 million mobile downloads
for web conferencing solutions.
www.mymeetingmate.com
4. Meeting Mate Investment Highlights
Market
People
Features
Business Model
Progress
Opportunity
Management: Management includes Avron Rubin, based in Sydney. Avron thrives in a
start-up environment as evident when he helped develop Max Brenner Chocolates from a
2 person start-up to a 400+ employee market leader. This was again evident when Avron
helped grow The Facial Rejuvenation Clinic into a 5 story clinic, the largest of its kind in the
Southern Hemisphere. In the past three years Avron has replicated this success with his
own start-ups, which included his national business consultancy Consulting Connexions,
the successful development then exiting from Elevate and a fully subscribed capital raising
for Vreze.
Advisory Board: Advisors include Silicon Valley based Aubrey Rankin. Aubrey was formerly
a Director within PricewaterhouseCoopers' M&A Advisory group during which he assisted
multinational clients on M&A and Strategic Alliance projects ranging from $50M to $3.6B
in value. Aubrey was also responsible for business development activities at key Fortune
500, Private Equity, and Start-up Clients.
Development Team: Our lead developer is Sydney based, Analee Gonzales. Analee is an
extremely talented programmer with more than 10 years of experience who has
previously deployed integrated b2b operational systems. Analee’s key strengths include
system architecture and the ability to create nimble yet robust systems. Her passion for
clean code and documentation helps ensure that all the programming team completes
their work quickly and uniformly.
www.mymeetingmate.com
5. Meeting Mate Investment Highlights
Market
People
Features
Business Model
Progress
Opportunity
Model: Meeting Mate plans to make revenue by offering software, which allows online
meetings to be more accountable and productive. Meeting Mate can offer businesses this
software at a relatively nominal charge relative to the cost saving they can generate by
using the software.
SAAS: Meeting Mate plans to have two versions of the software, one been free for the
lighter user and a SAAS (Subscription As A Service) option for the bigger version. The
lighter version is restricted to the number of groups (1) projects (3) and users (10), whilst
the bigger paid version has no restrictions.
Penetration: The business model of a free version and a premium paid version has proved
to be very successful in gaining market penetration and has been used by many well know
start ups such as Dropbox.
Additional Revenue: Besides the revenue generated through the SAAS for the monthly
subscriptions, Meeting Mate also earns revenue on every SMS sent through the platform.
www.mymeetingmate.com
6. Meeting Mate Investment Highlights
Market
People
Features
Business Model
Progress
Opportunity
Meeting Central: Meeting Central allows managers to get a quick overview of meetings
and their statistics such as hours to date, % attendance and % task completion.
Functionality also allows for drilling down into individual attendee statistics.
Scheduling Assistant: Scheduling Assistant allows you to organise meetings quicker, with
just a few clicks. It’s perfect for smart phones and tablets as no typing is required and
includes features such as: invite by location, group or project, smart time suggestion and
key person nomination.
Meeting Manager: Meeting Manager is a visual attendance management interface that
visually shows all invited attendees status, who is critical to the meeting, and the status of
related tasks. Functionality also allows you to send SMS nudges to those who have
confirmed but not arrived.
Wrap It: Wrap It allows a user to with just a few clicks at the end of the meeting to
organise a follow on meeting and select to whom summary and detailed minutes is sent.
Task Master: Task Master is a task management system that has the ability to be linked to
any resource such as location, group or project. In addition, it allows for viewing of “Tasks
to Me” or “Tasks from Me” and bulk reassignment helps redistribute tasks.
www.mymeetingmate.com
7. Meeting Mate Investment Highlights
Market
People
Features
Business Model
Progress
Opportunity
Stage 1: During our Problem/Solution Fit stage, Meeting Mate concentrated on validating
the business model. Through a series of tests, validation of the hypothesis “If attendees of
online meetings were held more accountable for their attendance and contribution to
online meetings, then online meetings would be more efficient and thus decrease the
costs for the business” “ was achieved.
Stage 2: Meeting Mate is now in the process of validating the solution and testing the
Market Fit. To date a user interface concept has been designed and feedback gathering is
current taking place. Con-currently Meeting Mate is looking to build a database of Beta
User that can be used for Market Testing once the user interface has been finalized.
www.mymeetingmate.com