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CONFIDENTIAL
Mission and Vision
Mission and Vision:
Online reviews and information on products, businesses, and services strongly influence the
purchasing decisions of over 80 percent of customers today. A number of Internet businesses
provide such information, but their practices leave a lot to be desired and might even be
questionable. We propose to address these deficiencies by:
2. Develop
1. Design
3. Test 4. Demo
Seeking:
US$ 3 Million to build a Prototype that provides a Proof of Concept (POC) of the idea…
1
developing the hardware and software to allow businesses to run loyalty programs
without requiring customers to acquire another co-branded card.
providing Internet users the means to search the centralized database for products,
businesses, and services endorsed by their trusted network; and
developing the hardware and software to authenticate customers and allow them to
anonymously capture their transaction records and reviews in a centralized database;
CONFIDENTIAL
Retail and Ecommerce Trends : 2020 - 2025
• Global retail sales is
growing year on year
and retail
Ecommerce sales is
growing in double
digits since 2019.
• The total worldwide
sales from retail
Ecommerce was
$4.213 trillion in
2020.
• By 2025, the total
worldwide sales from
retail Ecommerce
will touch $7.385
trillion.
Source: Retail and Ecommerce Report by Emarketer
2
Total Retail Sales
in Trillion (US$)
4.213
4.921 5.545 6.169 6.773 7.385
23.669
25.107
26.405
27.664
28.944
30.143
0.000
5.000
10.000
15.000
20.000
25.000
30.000
35.000
2020 2021 2022 2023 2024 2025
Ecommerce Retail Linear (Ecommerce)
CONFIDENTIAL
Market / Problem
Per Mintel, Consumerist, and Retailingtoday reports, more and more people are making
purchases over the internet, taking help from social media connections and online
reviews…
72% of millennials
(18-34 yr old) and 46%
of older customers
(age 35+ yrs) seek
opinions from online
reviews and social
media before making
an online purchase.
60% of customers
start their
research with a
search engine
before heading to
a specific website.
81% of customers
spend an average of
79 days doing online
research before
purchasing anything
costing $500 or
more.
69% of customers
skip making a
purchase if reviews
or social media
comments indicate
that returning a
product would be a
challenged process.
Note: Click each tile of the presentation to check its source.
3
CONFIDENTIAL
Market / Problem
Online reviews affect the purchasing decisions of over 80% of buyers. But the integrity
of these reviews is a major concern…
40% of
unverified
reviews in
Amazon.com
are estimated
to be fictitious.
40% of hotel
reviews in
TripAdvisor and
Yelp are
estimated to be
fake.
70% of
revenues of
Angie’s List are
derived from
advertisements
purchased by
businesses
being rated.
80% of doctor’s
reviews in ZocDoc
are not credible
as they don’t
carry full names &
dates and some
reports claim that
they were written
by inside staff.
Note: Click each tile of the presentation to check its source.
4
CONFIDENTIAL
Product / Solution : Phase-I
Record
transactions
occurring
within the
payment card
network
Generate
contextual review
forms for products
and services
Discover
products and
services trusted by
the social network
Store
product and services
reviews in a
centralized database
5
Note: The Product / Solution phases are described in greater detail in the PRODUCT DEVELOPMENT STRATEGY document.
Hardware/
Software
CONFIDENTIAL
Product / Solution : Phase-II
Consolidate
all cards (credit,
debit, loyalty,
prepaid) on a single
device - smart wallet
Manage
all cards (credit, debit,
loyalty, prepaid) via the
smart wallet and a
smart portal
Connect
businesses with
verified partners,
suppliers, and
distributors
Target
advertisements and
discount offers based
on customer profile
6
Note: The Product / Solution phases are described in greater detail in the PRODUCT DEVELOPMENT STRATEGY document.
Hardware/
Software
CONFIDENTIAL
Competition
Business Name Review Problems
§ Builds back-links from the customers website to their portal,
compromising the website’s rank in Google search.
§ Bills customers for cold yields that don’t convert.
§ Does not validate customers who sign up.
§ Allows reviews to be modified after submission.
§ Moderates reviews via an automatic filter that has bugs (hides
genuine reviews along with fake reviews.)
§ Discourages businesses to solicit reviews from customers.
§ Extorts businesses for Ads.
§ Allows reviews to be modified after submission.
§ Promotes businesses who advertise in their portal.
§ Offers no assurance about the authenticity of business reviews.
§ Does not validate patients before accepting their reviews in their
system.
§ Shows multiple listings of the same doctor if he/she has privileges
across clinics, allowing doctors to promote themselves.
§ Reviews and ratings appear to be dubious because they don’t have
full patient name and date of review.
7
CONFIDENTIAL
Differentiation
Feature Competition ValiDeck
Email or User A/C. Reviews are
accepted after validating the
user-id and password of the
user.
Authentication is based on the
Unique Identifier (UID) issued by
an authorized office, such as a
bank or government organization.
Allows the reviewer to deny
submission of a review.
Does not allow repudiation as
each review or transaction record
is linked to the Unique Identifier
(UID) of the submitter.
Captures reviews via long and
confusing forms that are better
suited for computers.
Captures reviews via short and
dynamic forms that are amenable
to mobile devices.
Reviews are scattered across
businesses (e.g. Amazon, Yelp,
Tripadvisor, ZocDoc).
Reviews are centralized. Each
review is linked to a unique and
distinct user profile and the
business/service provider’s
address and telephone number.
Authentication
Non-repudiation
Single Source of
Truth (SSOT)
Relevancy
8
CONFIDENTIAL
Business Model
Value Proposition
App to locate Businesses
through Trusted Network
App for submitting
Verified Reviews
Centralized Repository of
Reviews for checking
reviews of Products,
Businesses, and Services
Platform to join Loyalty
Programs anonymously
Target Customer
Ecommerce
Portals
Doctors
Mobile Internet Users
Businesses/Service Providers
Key Partners
Third Party Administrators (TPA)
Software Developers
Industry Leaders / Domain Experts
Banks
Retailers
REVENUE STREAMS
Targeted Ads
Professional Services
Brokerage Services
Review Management
Decision Support API Licensing
Regulators (FTC, SEC)
Restaurants,
Hotels, Salon’s
Payment
Networks
Point of Sale (PoS) Manufacturers
9
Note: Information on revenue streams are described in more detail in slide #10.
Smart Wallet
Device to consolidate all
payment cards
Business Insights
Customer Retention
CONFIDENTIAL
Revenue Streams
Phase Revenue Head Service / Product Audience
1 Review Management § Provide Dynamic Feedback Forms, Data Analytics.
§ Provide Branded Forms, Catalogs, Shopping Brochures.
Business/Service
Provider
Customer Retention
System
§ Provide a platform for creating and deploying policies and
procedures to reward customers.
Business/Service
Provider
API License § Provide a S/W interface to appointment scheduling
systems/ecommerce portals to use our Review Platform.
Business/Service
Provider
Business Insights § Provide reviews of businesses/services via an Add-on (Add-ons are
S/W components published at the business/partner’s marketplace).
Business/Service
Provider
2 Smart Wallet § Develop and sell a palmtop device to consolidate all cards (credit,
debit, loyalty, prepaid) on a single card. Assist customers in
managing their financial resources via the wallet.
Customers
Targeted Ads § Push Targeted Ads to customer devices.
§ Provide a directory listing similar to Yelp/Tripadvisor containing
business/service names and phone numbers.
Business/Service
Provider
Brokerage Services § Provide a Recommendations Engine (e.g. Alternativesto). Customers
§ Provide a platform to cross-sell Products/Services.
§ Provide a platform to allow merchants to refer customers to
affiliates and partner organizations.
Business/Service
Provider
Decision Support § Provide Checklist/Decision Matrix for evaluating businesses; connect
customer to Domain experts.
§ Provide Analysis and Insights of Businesses, Services, and Products.
§ Provide Fake Review Spotting Tools like ReviewMeta.
Customers
Professional Services § Provide Background Check/Profiling Services.
§ Provide Third Party Reviews/Assessment (for Doctors, Lawyers etc.).
Business/Service
Provider
10
CONFIDENTIAL
Leadership
Alok Narula
Founder
§ Founder – ValiDeck
§ Inventor – Smart Wallet
§ Inventor – Token-based Loyalty Program
Role: Architecture, IP Development, Product Development,
Business Development
LinkedIn: https://ca.linkedin.com/in/aloknarula
11
CONFIDENTIAL
Roadmap & Milestones (Prototype)
Year 1
• IP (Patent)
• Analysis
• System Architecture
Product Definition
• Dynamic Review Forms
• App to discover Products and
Services trusted by the social
network.
SW Development (Front-end)
• Integration with POS
• Test Bench
• 1st complete Prototype
System Integration
• Process Card Transactions
• Generate Dynamic Review Forms
• Store Reviews in a Centralized
Database
SW Development (Back-end)
1-6 Months
Year 1
Year 1
Year 1
12
• Final Prototype
• System Testing
• Additional IP (Patent)
• Business Partner Selection
• Technology Partner Selection
Business Development
Year 2
12-24 Months
6-9 Months 9-12 Months
Note: The roadmap illustrated here is a subset of the product/solution visualized in Phase-I (slide #5)

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ValiDeck Slide Deck

  • 1.
  • 2. CONFIDENTIAL Mission and Vision Mission and Vision: Online reviews and information on products, businesses, and services strongly influence the purchasing decisions of over 80 percent of customers today. A number of Internet businesses provide such information, but their practices leave a lot to be desired and might even be questionable. We propose to address these deficiencies by: 2. Develop 1. Design 3. Test 4. Demo Seeking: US$ 3 Million to build a Prototype that provides a Proof of Concept (POC) of the idea… 1 developing the hardware and software to allow businesses to run loyalty programs without requiring customers to acquire another co-branded card. providing Internet users the means to search the centralized database for products, businesses, and services endorsed by their trusted network; and developing the hardware and software to authenticate customers and allow them to anonymously capture their transaction records and reviews in a centralized database;
  • 3. CONFIDENTIAL Retail and Ecommerce Trends : 2020 - 2025 • Global retail sales is growing year on year and retail Ecommerce sales is growing in double digits since 2019. • The total worldwide sales from retail Ecommerce was $4.213 trillion in 2020. • By 2025, the total worldwide sales from retail Ecommerce will touch $7.385 trillion. Source: Retail and Ecommerce Report by Emarketer 2 Total Retail Sales in Trillion (US$) 4.213 4.921 5.545 6.169 6.773 7.385 23.669 25.107 26.405 27.664 28.944 30.143 0.000 5.000 10.000 15.000 20.000 25.000 30.000 35.000 2020 2021 2022 2023 2024 2025 Ecommerce Retail Linear (Ecommerce)
  • 4. CONFIDENTIAL Market / Problem Per Mintel, Consumerist, and Retailingtoday reports, more and more people are making purchases over the internet, taking help from social media connections and online reviews… 72% of millennials (18-34 yr old) and 46% of older customers (age 35+ yrs) seek opinions from online reviews and social media before making an online purchase. 60% of customers start their research with a search engine before heading to a specific website. 81% of customers spend an average of 79 days doing online research before purchasing anything costing $500 or more. 69% of customers skip making a purchase if reviews or social media comments indicate that returning a product would be a challenged process. Note: Click each tile of the presentation to check its source. 3
  • 5. CONFIDENTIAL Market / Problem Online reviews affect the purchasing decisions of over 80% of buyers. But the integrity of these reviews is a major concern… 40% of unverified reviews in Amazon.com are estimated to be fictitious. 40% of hotel reviews in TripAdvisor and Yelp are estimated to be fake. 70% of revenues of Angie’s List are derived from advertisements purchased by businesses being rated. 80% of doctor’s reviews in ZocDoc are not credible as they don’t carry full names & dates and some reports claim that they were written by inside staff. Note: Click each tile of the presentation to check its source. 4
  • 6. CONFIDENTIAL Product / Solution : Phase-I Record transactions occurring within the payment card network Generate contextual review forms for products and services Discover products and services trusted by the social network Store product and services reviews in a centralized database 5 Note: The Product / Solution phases are described in greater detail in the PRODUCT DEVELOPMENT STRATEGY document. Hardware/ Software
  • 7. CONFIDENTIAL Product / Solution : Phase-II Consolidate all cards (credit, debit, loyalty, prepaid) on a single device - smart wallet Manage all cards (credit, debit, loyalty, prepaid) via the smart wallet and a smart portal Connect businesses with verified partners, suppliers, and distributors Target advertisements and discount offers based on customer profile 6 Note: The Product / Solution phases are described in greater detail in the PRODUCT DEVELOPMENT STRATEGY document. Hardware/ Software
  • 8. CONFIDENTIAL Competition Business Name Review Problems § Builds back-links from the customers website to their portal, compromising the website’s rank in Google search. § Bills customers for cold yields that don’t convert. § Does not validate customers who sign up. § Allows reviews to be modified after submission. § Moderates reviews via an automatic filter that has bugs (hides genuine reviews along with fake reviews.) § Discourages businesses to solicit reviews from customers. § Extorts businesses for Ads. § Allows reviews to be modified after submission. § Promotes businesses who advertise in their portal. § Offers no assurance about the authenticity of business reviews. § Does not validate patients before accepting their reviews in their system. § Shows multiple listings of the same doctor if he/she has privileges across clinics, allowing doctors to promote themselves. § Reviews and ratings appear to be dubious because they don’t have full patient name and date of review. 7
  • 9. CONFIDENTIAL Differentiation Feature Competition ValiDeck Email or User A/C. Reviews are accepted after validating the user-id and password of the user. Authentication is based on the Unique Identifier (UID) issued by an authorized office, such as a bank or government organization. Allows the reviewer to deny submission of a review. Does not allow repudiation as each review or transaction record is linked to the Unique Identifier (UID) of the submitter. Captures reviews via long and confusing forms that are better suited for computers. Captures reviews via short and dynamic forms that are amenable to mobile devices. Reviews are scattered across businesses (e.g. Amazon, Yelp, Tripadvisor, ZocDoc). Reviews are centralized. Each review is linked to a unique and distinct user profile and the business/service provider’s address and telephone number. Authentication Non-repudiation Single Source of Truth (SSOT) Relevancy 8
  • 10. CONFIDENTIAL Business Model Value Proposition App to locate Businesses through Trusted Network App for submitting Verified Reviews Centralized Repository of Reviews for checking reviews of Products, Businesses, and Services Platform to join Loyalty Programs anonymously Target Customer Ecommerce Portals Doctors Mobile Internet Users Businesses/Service Providers Key Partners Third Party Administrators (TPA) Software Developers Industry Leaders / Domain Experts Banks Retailers REVENUE STREAMS Targeted Ads Professional Services Brokerage Services Review Management Decision Support API Licensing Regulators (FTC, SEC) Restaurants, Hotels, Salon’s Payment Networks Point of Sale (PoS) Manufacturers 9 Note: Information on revenue streams are described in more detail in slide #10. Smart Wallet Device to consolidate all payment cards Business Insights Customer Retention
  • 11. CONFIDENTIAL Revenue Streams Phase Revenue Head Service / Product Audience 1 Review Management § Provide Dynamic Feedback Forms, Data Analytics. § Provide Branded Forms, Catalogs, Shopping Brochures. Business/Service Provider Customer Retention System § Provide a platform for creating and deploying policies and procedures to reward customers. Business/Service Provider API License § Provide a S/W interface to appointment scheduling systems/ecommerce portals to use our Review Platform. Business/Service Provider Business Insights § Provide reviews of businesses/services via an Add-on (Add-ons are S/W components published at the business/partner’s marketplace). Business/Service Provider 2 Smart Wallet § Develop and sell a palmtop device to consolidate all cards (credit, debit, loyalty, prepaid) on a single card. Assist customers in managing their financial resources via the wallet. Customers Targeted Ads § Push Targeted Ads to customer devices. § Provide a directory listing similar to Yelp/Tripadvisor containing business/service names and phone numbers. Business/Service Provider Brokerage Services § Provide a Recommendations Engine (e.g. Alternativesto). Customers § Provide a platform to cross-sell Products/Services. § Provide a platform to allow merchants to refer customers to affiliates and partner organizations. Business/Service Provider Decision Support § Provide Checklist/Decision Matrix for evaluating businesses; connect customer to Domain experts. § Provide Analysis and Insights of Businesses, Services, and Products. § Provide Fake Review Spotting Tools like ReviewMeta. Customers Professional Services § Provide Background Check/Profiling Services. § Provide Third Party Reviews/Assessment (for Doctors, Lawyers etc.). Business/Service Provider 10
  • 12. CONFIDENTIAL Leadership Alok Narula Founder § Founder – ValiDeck § Inventor – Smart Wallet § Inventor – Token-based Loyalty Program Role: Architecture, IP Development, Product Development, Business Development LinkedIn: https://ca.linkedin.com/in/aloknarula 11
  • 13. CONFIDENTIAL Roadmap & Milestones (Prototype) Year 1 • IP (Patent) • Analysis • System Architecture Product Definition • Dynamic Review Forms • App to discover Products and Services trusted by the social network. SW Development (Front-end) • Integration with POS • Test Bench • 1st complete Prototype System Integration • Process Card Transactions • Generate Dynamic Review Forms • Store Reviews in a Centralized Database SW Development (Back-end) 1-6 Months Year 1 Year 1 Year 1 12 • Final Prototype • System Testing • Additional IP (Patent) • Business Partner Selection • Technology Partner Selection Business Development Year 2 12-24 Months 6-9 Months 9-12 Months Note: The roadmap illustrated here is a subset of the product/solution visualized in Phase-I (slide #5)