3. Name Jae Ho Jang
Explanation CEO of web developing company
PHP,JAVA develop
Team
Development/Plan maker
4. Problem
If 4 people want to visit a famous restaurant
TODAY PROCESS
1. You can search a restaurant from Yelp.
2. You can search the menu from Yelp
3. You can visit the restaurant or order by phone..
4. you would be placed in a waiting section.
until there is a seat
……
……
5. if you want dutch payment with your friend,
one of the two costumers will have to pay first.
6. Then you tell your friend to send the dutch payment
amount of money to VENMO.
CALL
7. Market size
South Korea
Restaurants in South Korea 600,000 (target :10,000 =1.6%)Restaurants in South Korea 600,000 (target :10,000 =1.6%)
China
Restaurants in China 2,000,000 (target :3,000 =0.15%)Restaurants in China 2,000,000 (target :3,000 =0.15%)
Taiwan
Restaurants in Taiwan 200,000 (target :1000 =0.5%)Restaurants in Taiwan 200,000 (target :1000 =0.5%)
8. platemap yelp venmo opentable
search O O X O
queue tickets O X X X
order O X X O
payment O X O O
dutch
payment
O X O X
Competition
9. Thailand 2018
Japan 2018
Monthly
utility fee
Business model
$30
The number of
stores entered
Monthly Sales Year sales
10,000 $300k $3,600k
Korea (2017)
The number of
stores entered
Monthly Sales Year sales
3,000 $90k $1,080k
China (2017)
The number of
stores entered
Monthly Sales Year sales
1000 $30k $360k
Taiwan(2017)
$5,040,000
Total sales
10. The ask
Expense Note
Office/Furniture $50,000 Office & Furniture as one
Development $100,000 Developer:3 person
Domestic sales $150,000 Salesman:5 person
Foreign sales $200,000
Taiwan/Bangkok Sales
:2 people by country
Total invest amount : $500,000