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The Future of Fit
The “Breakthrough” App
that fundamentally changes the way
buy shoes online
Andrew Hanscom
Founder & CEO
1 of 18
The vFit App
Smartphone App accurately matches your own feet to a shoe
allowing customers and their family members to “visually fit” the
size shoe before they buy online.
A proven kiosk/scanner solution NOW updated into an easy to
globally accessible FREE iPhone App
Increase sales conversions
Reduced poor fit returns
2
The vFit App
iPhone App that is
first of it’s kind for
shoe sizing
4 PUBLISHED
Patents covering
system & method
Proven and tested
with Footlocker,
Zappos & shoes.com
80+ footwear
retailers signed on
to pay commissions
A technology that
will disrupt current
sizing method
$15.00 Average
Revenue Per User /
Per Use (RPU/PU)
3 years exit plan to major online
marketplace
3 year cumulative ROI
515% of Investment
3
2016 Online shoe sales in U.S. = $8 Billion
• 43% of online sales traffic is generated from smartphones
$30 BillionGlobal online shoe business is one of the
fastest growing internet segments
2.6 Billion people worldwide have smartphones
* (all these people buy shoes)
4
Market Size
Online footwear product returns average 25% (1 out of 4 pairs)
$500 Million additional operational cost at Amazon / Zappos
• Zappos pays shipping costs both ways on returns plus restocking costs
• $20 average expense per return
70% of U.S. customers still refuse to buy
shoes online because of “size and
fit confusion”
5
The Problem
10 ½
6 ½ A
11 ½ B
6 ½
4511 1312 ½ D
7 ½ B 87C 8 ½ A
Size Confusion for Men & Women
All these shoe sizes fit the same two people…
So how do we know which Size is the right fit?
No surprise that 25% of online shoes bought are returned
Man’s closet
Woman’s closet
6
• US Patent No. 6,741,728 – Issued May 25, 2004 - Footwear Sizing Database Method
• US Patent No. 6,546,356 – Issued April 8, 2003 - Body Part Imaging Method
• US Patent No. 6,549,639 – Issued April 15, 2003 - Body Part Imaging System
Our PatentedTechnology
Barrier of entry is difficult for other competitors
Scanning method and system are broadly covered in 4 patents
Database method patent ensures only vFit can match feet to shoes using a
comparative database
NEW 2015 International patent under both U.S. Law and the Patent
Cooperation Treaty ("PCT").
7
iPhone App Experience
Landing Screen
8
iPhone App Experience
Login
8
iPhone App Experience
Scan or Shop Screen
8
Placing foot on known sized object
8 ½”X11” or A4 copy paper
Smartphone patented imaging approach
9
Smartphone’s standard camera captures multiple images using automated video settings
9
9
Smartphone’s standard camera captures multiple images using automated video settings
Smartphone’s standard camera captures multiple images using automated video settings
9
Smartphone’s standard camera captures multiple images using automated video settings
9
-1 degrees vertical
0 degrees horizontal
Smartphone’s standard camera captures multiple images using automated video settings
9
-1 degrees vertical
0 degrees horizontal
Smartphone’s standard camera captures multiple images using automated video settings
9
-1 degrees vertical
0 degrees horizontal
Smartphone’s standard camera captures multiple images using automated video settings
9
-1 degrees vertical
0 degrees horizontal
Smartphone’s standard camera captures multiple images using automated video settings
9
Smartphone’s standard camera captures multiple images using automated video settings
9
Smartphone’s standard camera captures multiple images using automated video settings
9
Smartphone’s standard camera captures multiple images using automated video settings
9
Smartphone’s standard camera captures multiple images using automated video settings
9
-1 degrees vertical
0 degrees horizontal
Integrated with iPhone’s internal gyroscope, images will have known camera angles
Over 8,000 reference points
Smartphone’s standard camera captures multiple images using automated video settings
9
iPhone App Experience
Scan Profile
10
iPhone App Experience
Other Scans / Different types of socks /
Family members
10
iPhone App Experience
Scan Profile
10
iPhone Shopping Experience
Search
10
iPhone Shopping Experience
Search Results
10
iPhone Shopping Experience
“View my Fit” option
10
iPhone Shopping Experience
Personalized fit result
10
iPhone Shopping Experience
Retailers with shoe size available in
and price comparison
10
iPhone Shopping Experience
Retailers with shoe size available in
and price comparison
When customer chooses
retailer to fulfill the sale vFit
receives on $14.70
commission from
affiliated partner site
10
Revenue Stream from 80+ online partners
Green circles reflect the commission % received from each retailer
18
%
7
%
12
%
8.
5
%
11
%
7
%
11
%
25
%
20
%
11
%
7
%
13
%
17
%
20
%
20
%
11
11
When searching for shoes
online your vFit Profile
follows you
12
Search for shoes directly on
vFit Partner websites
13
Click on vFit icon
to start sizingAPI
Or link to vFit App for
New customer scan
14
Customer can change
size
up or
14
Customer can change
size
up or
14
Customer can change
size
up or
14
Customer can change
size
up or
42
Customer can change
size
up or
15
Once proper fit is determined
shoe is added to shopping cart
with correct size
3% License fee on embedded SDK in
Brand’s own website = average $2.50
per qualified conversion
($0 marketing spend with high volume)
12
vFit comparative shopping site
the for shoes
A ”Qualified Search” RPQS
= $15.00
(Revenue per Qualified Search)
High $ marketing spend
with lower volume
Return on add spend
3:1 ratio $ goal
Shoe/Last/Fit Database User buying feedback
loop
vFit
comparative
shopping site
vFit App
Virtual Last
Configurator
User fit Feedback
AWS
Zappos and
other Retailers
Ecosystem
Earnings Per Conversion (EPC) $ average
Active Partners
EPC Averages
Jan 2017
12
Social Media Customer Acquisition
Advertise to
250 million
active users
who shop for
shoes online and
have iPhones
14
Revenue Model
vFit app is free to all consumers
When consumer uses vFit to try on a shoe and confirm fit a 30 day cookie
is embedded in the URL telling retailer the lead came from vFit.
Proven online revenue approach used by
Average vFit conversion revenue per sale = $15.00
 Yr. 1 = 200,000 vFit conversions = $ 2,670,000 revenue
 Yr. 2 = 1,135,000 vFit conversions = $14,190,000 revenue
 Yr. 3 = 3,516,000 vFit conversions = $36,920,000 revenue
15
Exit Strategy
$300 Million + Acquisition Goal from a
strategic online technology company
vFit 36 Month Goal:
• Exceed $39 Million annual revenue
• Reach 10 Million unique users
16
Summary
Headquartered in Southern California
Large market opportunity with sufficient untapped potential
Scalable global business with opportunity for rapid growth
Compelling and defendable market differentiation
Proven product proof-of-concept
Well defined sales & marketing strategy with a strong understanding of the
customer need
Compelling business model and financial plan that leads to profitability and
flow
Intellectual Property - proprietary and defendable (patented) processes and
Exit strategy that provides a good ROI for investors
✓
✓
✓
✓
✓
✓
✓
✓
✓
17
The “Breakthrough” App
that fundamentally changes the way
buy shoes online
vFitShoes.com
vFitShop.com
Contact:
Andrew Hanscom
Founder & CEO
(949) 872-7742
andrew@vfitshoes.com
END

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The Future of Fit: The vFit App Accurately Matches Your Feet to Shoes

  • 1. The Future of Fit The “Breakthrough” App that fundamentally changes the way buy shoes online Andrew Hanscom Founder & CEO 1 of 18
  • 2. The vFit App Smartphone App accurately matches your own feet to a shoe allowing customers and their family members to “visually fit” the size shoe before they buy online. A proven kiosk/scanner solution NOW updated into an easy to globally accessible FREE iPhone App Increase sales conversions Reduced poor fit returns 2
  • 3. The vFit App iPhone App that is first of it’s kind for shoe sizing 4 PUBLISHED Patents covering system & method Proven and tested with Footlocker, Zappos & shoes.com 80+ footwear retailers signed on to pay commissions A technology that will disrupt current sizing method $15.00 Average Revenue Per User / Per Use (RPU/PU) 3 years exit plan to major online marketplace 3 year cumulative ROI 515% of Investment 3
  • 4. 2016 Online shoe sales in U.S. = $8 Billion • 43% of online sales traffic is generated from smartphones $30 BillionGlobal online shoe business is one of the fastest growing internet segments 2.6 Billion people worldwide have smartphones * (all these people buy shoes) 4 Market Size
  • 5. Online footwear product returns average 25% (1 out of 4 pairs) $500 Million additional operational cost at Amazon / Zappos • Zappos pays shipping costs both ways on returns plus restocking costs • $20 average expense per return 70% of U.S. customers still refuse to buy shoes online because of “size and fit confusion” 5 The Problem
  • 6. 10 ½ 6 ½ A 11 ½ B 6 ½ 4511 1312 ½ D 7 ½ B 87C 8 ½ A Size Confusion for Men & Women All these shoe sizes fit the same two people… So how do we know which Size is the right fit? No surprise that 25% of online shoes bought are returned Man’s closet Woman’s closet 6
  • 7. • US Patent No. 6,741,728 – Issued May 25, 2004 - Footwear Sizing Database Method • US Patent No. 6,546,356 – Issued April 8, 2003 - Body Part Imaging Method • US Patent No. 6,549,639 – Issued April 15, 2003 - Body Part Imaging System Our PatentedTechnology Barrier of entry is difficult for other competitors Scanning method and system are broadly covered in 4 patents Database method patent ensures only vFit can match feet to shoes using a comparative database NEW 2015 International patent under both U.S. Law and the Patent Cooperation Treaty ("PCT"). 7
  • 10. iPhone App Experience Scan or Shop Screen 8
  • 11. Placing foot on known sized object 8 ½”X11” or A4 copy paper Smartphone patented imaging approach 9
  • 12. Smartphone’s standard camera captures multiple images using automated video settings 9
  • 13. 9 Smartphone’s standard camera captures multiple images using automated video settings
  • 14. Smartphone’s standard camera captures multiple images using automated video settings 9
  • 15. Smartphone’s standard camera captures multiple images using automated video settings 9
  • 16. -1 degrees vertical 0 degrees horizontal Smartphone’s standard camera captures multiple images using automated video settings 9
  • 17. -1 degrees vertical 0 degrees horizontal Smartphone’s standard camera captures multiple images using automated video settings 9
  • 18. -1 degrees vertical 0 degrees horizontal Smartphone’s standard camera captures multiple images using automated video settings 9
  • 19. -1 degrees vertical 0 degrees horizontal Smartphone’s standard camera captures multiple images using automated video settings 9
  • 20. Smartphone’s standard camera captures multiple images using automated video settings 9
  • 21. Smartphone’s standard camera captures multiple images using automated video settings 9
  • 22. Smartphone’s standard camera captures multiple images using automated video settings 9
  • 23. Smartphone’s standard camera captures multiple images using automated video settings 9
  • 24. -1 degrees vertical 0 degrees horizontal Integrated with iPhone’s internal gyroscope, images will have known camera angles Over 8,000 reference points Smartphone’s standard camera captures multiple images using automated video settings 9
  • 26. iPhone App Experience Other Scans / Different types of socks / Family members 10
  • 30. iPhone Shopping Experience “View my Fit” option 10
  • 32. iPhone Shopping Experience Retailers with shoe size available in and price comparison 10
  • 33. iPhone Shopping Experience Retailers with shoe size available in and price comparison When customer chooses retailer to fulfill the sale vFit receives on $14.70 commission from affiliated partner site 10
  • 34. Revenue Stream from 80+ online partners Green circles reflect the commission % received from each retailer 18 % 7 % 12 % 8. 5 % 11 % 7 % 11 % 25 % 20 % 11 % 7 % 13 % 17 % 20 % 20 % 11
  • 35. 11 When searching for shoes online your vFit Profile follows you
  • 36. 12 Search for shoes directly on vFit Partner websites
  • 37. 13 Click on vFit icon to start sizingAPI Or link to vFit App for New customer scan
  • 43. 15 Once proper fit is determined shoe is added to shopping cart with correct size 3% License fee on embedded SDK in Brand’s own website = average $2.50 per qualified conversion ($0 marketing spend with high volume)
  • 44. 12 vFit comparative shopping site the for shoes A ”Qualified Search” RPQS = $15.00 (Revenue per Qualified Search) High $ marketing spend with lower volume Return on add spend 3:1 ratio $ goal
  • 45. Shoe/Last/Fit Database User buying feedback loop vFit comparative shopping site vFit App Virtual Last Configurator User fit Feedback AWS Zappos and other Retailers Ecosystem
  • 46. Earnings Per Conversion (EPC) $ average Active Partners EPC Averages Jan 2017 12
  • 47. Social Media Customer Acquisition Advertise to 250 million active users who shop for shoes online and have iPhones 14
  • 48. Revenue Model vFit app is free to all consumers When consumer uses vFit to try on a shoe and confirm fit a 30 day cookie is embedded in the URL telling retailer the lead came from vFit. Proven online revenue approach used by Average vFit conversion revenue per sale = $15.00  Yr. 1 = 200,000 vFit conversions = $ 2,670,000 revenue  Yr. 2 = 1,135,000 vFit conversions = $14,190,000 revenue  Yr. 3 = 3,516,000 vFit conversions = $36,920,000 revenue 15
  • 49. Exit Strategy $300 Million + Acquisition Goal from a strategic online technology company vFit 36 Month Goal: • Exceed $39 Million annual revenue • Reach 10 Million unique users 16
  • 50. Summary Headquartered in Southern California Large market opportunity with sufficient untapped potential Scalable global business with opportunity for rapid growth Compelling and defendable market differentiation Proven product proof-of-concept Well defined sales & marketing strategy with a strong understanding of the customer need Compelling business model and financial plan that leads to profitability and flow Intellectual Property - proprietary and defendable (patented) processes and Exit strategy that provides a good ROI for investors ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 17
  • 51. The “Breakthrough” App that fundamentally changes the way buy shoes online vFitShoes.com vFitShop.com Contact: Andrew Hanscom Founder & CEO (949) 872-7742 andrew@vfitshoes.com END