pitch faced.me - swsp 2011
TRANSCRIPT
Use Your Camera. Add New Friends.
Getting to know people
is hard
Finding interesting people through life is rare
And you often end up loosing contacts, paper, cards, phone numbers
You loose opportunities!
Tom Hall
FACED.me
• Use the camera
• Recognize a person
• Add or Tag them to your networks
• INSTANTLY!
• Keep them in the cloud
Huge Market in Social Networks and Smartphones
• Only in 2Q11, 107 million smartphones were sold worldwide
• Facebook alone has 800 million registered users (>20 million in Brazil and growing)
• Sale of apps and in-app purchases across smartphones & tablets will be $7.3 billion in 2011 rising to $36.7 billion by 2015
Source: TAT -http://www.visionmobile.com/blog/2011/01/rim-a-leap-ahead-in-user-experience-but-can-it-execute/Canalys http://www.canalys.com/newsroom/app-stores-direct-revenue-exceed-14-billion-next-year-and-reach-close-37-billion-2015
Show me the money!
Users download the Users download the application with 50 application with 50 free free FacedPointsFacedPoints
Users download the Users download the application with 50 application with 50 free free FacedPointsFacedPoints
Each time the that Each time the that the application is the application is
used, 1 used, 1 FacedPointFacedPoint is is
consumedconsumed
Each time the that Each time the that the application is the application is
used, 1 used, 1 FacedPointFacedPoint is is
consumedconsumed
Every week, the user Every week, the user gets 5 more gets 5 more
FacedPointsFacedPoints to use to use (max of 50 allowed)(max of 50 allowed)
Every week, the user Every week, the user gets 5 more gets 5 more
FacedPointsFacedPoints to use to use (max of 50 allowed)(max of 50 allowed)
Wh
at u
sers
ge
t?
Pre-paid FacedPoints
Pre-paid FacedPoints
Professional Package
Professional Package
100
2,000 / month
$10
$25 / month
Wh
at u
sers
can
ge
t?
# FacedPoints Price
Proprietary IP creates barriers to new entrants
Real time - Less than 1 second to recognize Registration integrated with Facebook,
Linkedin and Twitter
Both local and international patents filled through the PCT
FastFast
PrecisePrecise
PatentedPatented
Identify different facial points Works with different light
levels & background condition
Direct Competitors? Not really.
Potential new entrantsPotential(?) Competitors
Announced in Feb/2010 a similar product in development
Product was not launched yet (dead?)Research In Motion
Source: TAT -http://www.visionmobile.com/blog/2011/01/rim-a-leap-ahead-in-user-experience-but-can-it-execute/, Crunchbase
Faced.me Advantages
Connected to multiple social networks Do not depend on business card Easy and simple to use
Linkedin exclusive and Business card centric Cost before acquisition ($2.99 download +
$0.25/card)
Business card - OCR – less accurate High price (300 cards = $79.95)
Focused on one single social network
Time to develop face recognition technology
Small players
Marketing Plan
How do we get users: Viral/Referral (recommend and earn points) Integration with social networks Incubator contacts Tech Blogs/Bloggers
Looking for a partner, not an investor!
Investment needed: USD 100k (for R&D)
3,321
2,5622,070
919200
1,6601,281
932
202012 2013 2014 2015 2016
276
EBIT
RevenueRevenue vs. EBIT (US$‘000)
Post-money valuation: USD 1,000k
# Faced.me users('000) 1,000 2,000 3,200 3,500 4,100 # Premium users('000) 20 65 130 140 170
US$ / premium user 10 14 16 18 20
Potential Exits
Acquired by Research in Motion for nearly $130M, with an impressive 5.5x multiplier over 2009 revenues of $23.6M
Acquired in January/2011 after 1.8M business card scanned
$130M
$2.4M
Acquired Context Deal Value Acquirer
Pittsburgh-based face recognition technology N/A
Algorithms that improve people's online social interaction
Founded a little over a year before the acquisition
N/A
Social networking service - organizes social media data, filters and analyzes information, and presents it in a way that is consumable and relevant.
$10.0M
NON-EXHAUSTIVE
Social networking aggregator - Aimed to be a one stop shop for all your social networking updates and news items
$47.5M
Source: Crunchbase, Blogs
Experienced Team: Engineering, Design, Strategy and Business development
Thiago Teodoro Manager in the Corporate Strategy at HP in
Palo Alto, CA Over 6 years of Strategy Consulting
experience at Accenture MBA from Tuck at Dartmouth and BsC in
Computer Science from Unicamp
Thalis Antunes Over 9 years of experience in IT Workingin Embedded systems Undergrad in Computer Engineering
Marco Vanossi Founder of ClickPick, app for image
recognition based check-in’s Founded one of the first search engines in
Brazil, called RadarWeb at the age of 14 Based in Mountain View, CA
Pedro Saad Owner and Publishing Manager at Editora
Brasileira and Produtora Brasileira Contract to license Pelé image until 2016 (after
World Cup and Olympic Games in Brazil) Masters in Management, BsC in Law, PUC-
SP and MBA, FGV
Fernando Pauer Owner Pauer Solutions, consulting of Web and
SAP (clients Suzano, Volkswagen, FEMSA) 12 years of experience in IT Graduate studies in Game Development
Alexandre Rezende 8 years of experience in IT, 2 in Tech Sales in
the Mobility Market 1 year working in Europe BsC in Computer Engineering from Unicamp
Investors: Your face here