new app idea: connect
TRANSCRIPT
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Final Presentation!Nate Arnold!
PDM_02
So Many Friends, !So Little Time
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You last spoke: 2 weeks ago
Arij Mikati
CONNECT
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69 millionMillennial smart phone owners
13.8 millionPotential users
(20% download)
$2.76 millionPotential income
(20% pay $.99 for premium features)
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Search
CONNECT
Jan Arnold!5 days ago
John Deters!2 months ago
Arij Mikati!2 weeks ago
CONNECT
Arij Mikati!2 weeks ago
Jan Arnold!5 days ago
Reach out every:!
Week Month Year
Reach out every:!
Week Month Year
*Apple Watch support coming soon
Import Contacts
CONNECT
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RISK & ASSUMPTIONS
1. Millennials will continue to want to stay in touch with friends and family
2. Smart phone software won’t copy functionality into base OS
3. Users will upgrade to new features
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Increase conversion
Grow through advocacy
New ways to connect
Theme Q1- Q2
Referral Program
Auto-send messages
Goal: Offer a discount for referrals Priority: Medium Progress: Planned Effort: Med-Low
Goal: Up-sell current users Priority: High Progress: None Effort: High
Q3-Q4Call SchedulingGoal: Increase connections/engagement Priority: Medium Progress: Planned Effort: Med-Low
Event/Reservation Partnership
Goal: Upsell users w/ purchase Priority: High Progress: None Effort: High
CONNECT
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Oct ’15 - Dec ‘15 Jan ‘16 Q1 Q2 Q3 Q4
App Build Initial Launch
Auto-send Messages
Referral Program
Call Scheduling
Event Partnership
CONNECT
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Free app: • 3,500 users (40% monthly growth)
Auto-send Messages • 700 users pay $.99 (30% monthly growth)
Event/Reservation Partnership • 500 users in Q4 (adding 500 per month
with ~$15 kick pack)
User Growth
40,000
80,000
120,000
160,000
Jan March May July Sept Nov
Net Cash Flow
-20,000
-10,000
0
10,000
20,000
30,000
40,000
Jan March May July Sept Nov
Assumes Owner builds product (Oct - Dec) then launch (Jan) with investor cash to pay lead dev, marketing, rent, etc.
Negative cash flow until Q3
CONNECT
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ASK: $200,000
Covers initial set up fees, marketing, and lead developer salary
10% equity
CONNECT