SaaS Showcase Pitch :: Candor.ai :: L-SPARK Accelerator
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http://www.l-spark.com — The L-SPARK accelerator is the destination for enterprise SaaS and cloud startups to connect with Canada’s SaaS experts and propel their revenues to $100K MRR or 10x revenue growth.
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SaaS Showcase Pitch :: Candor.ai :: L-SPARK Accelerator
- 1. April, 2018
- 2. Home buying today is stressful
- 3. The home buying process is long and complicated Prospect Originate Process Close Min Days Max Days 7 9 Appraisal Underwriting 19 26 42 52 Pre-closing Quality Control Information Collection Verification 14 56 Activities Real Estate Home Search Mortgage Insurance Total Days 111 261 Live 14 58 Move Renovate Contractors Offer 15 60 Conditions Inspection
- 4. The solution is Candor – the home buyer’s platform
- 5. We go beyond just finding a home…
- 6. We’re there every step of the way, connecting all the dots We learn constantly from home buyers and they get smart recommendations
- 7. We charge a network fee to access our home buyers Individual Service Providers Realtors Insurance Agents Mortgage Brokers Interior Designers Contractors Movers Corporate Service Providers Mortgage Lenders Insurance Carriers Closing and Title Big Box Stores Large Brokers Retailers Starts at $99/month Customized Pricing
- 8. Service providers pay for access through tailored tools Our tool for Realtors Allows access to our community of home buyers online
- 9. We’ve grown 15% week-over-week since launch 15% Weekly Growth Rate >70% Users in USA $5,126 MRR Since August 2017USD
- 10. We’ll get to $25K USD MRR In August of 2018 *not including December 2017 -January 2018 due to new product development $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Total MRR (USD) Forecast Actual
- 11. The time to connect the home buying ecosystem is now Insurance $180M $39M Real Estate $808M $320M Mortgage $160M $45M
- 12. We can reduce marketing spend and capture value $0 $1,000 $2,000 $3,000 $4,000 $5,000 $6,000 $7,000 Average Marketing Spend Marketing Spend With Candor Marketing Spend Per House Sold Contractor Mover Insurance Realtor Mortgage $6,075 $1,600
- 13. 6 million homes sold yearly makes the opportunity huge Market $36.5 Billion Marketing spend on homes sold in North America TAM $9.6 Billion Marketing spend addressable by Candor
- 14. We have the team to execute Sam Battista CEO & Co-founder Damon Richardson CTO Nimit Narula Sales Matt Graves Marketing Justin Herlick Advisor
- 15. Funds will be used on product development and growth $500K Investment Round Closing May, 2018 65% Product Development 30% Growth Marketing 5% Operations