[startup nations summit 2014] competition - australia
DESCRIPTION
Danny Adams Co-Founder, GoFarTRANSCRIPT
NOW you’re in the driver’s seat
TRIP COSTS
INSURANCE SERVICING
$100 billion
INFORMED DRIVING Costs clear
Waste obvious
Seamless savings
SAVES $1,000
SENSOR FILLED SMART DEVICE APP
TRIP COST
$6.45
ALWAYS ON ECO-DISPLAY
$282 billion market
1 billion cars 65m new cars
12x growth in 5 yrs
* Machina Research ** ABI Research
*
**
Strong interest to buy at $99
0% 5% 10% 15% 20% 25% 30%
24%
15% Very interested
Interested in buying
“Shut up GoFar and take my money”
Source: 700 driver interviews by FlyResearch, 2014
Media driving corporate interest
Great traction with
large fleets
Approached by fleets with 160,000+ cars.
First paying customer
“This is an easy decision for a CFO to sign off”
“we see it as a natural sell into our clients”
WHY BUY?
SAVE $1000 / YEAR
SAVE LIVES
DRIVER CENTRIC
+
HELPED LAUNCH START UPS
Oxford University. INSEAD MBA. Led
marketing on 3 $100m start ups
IAN
Data scientist. Firmware. IBM. 2nd in India’s Maths Olympiad
IMAM
Founder. Aerospace Engineer. 8 yrs
technical development at 3M
DANNY
1st in Mechatronic Engineering. UX & hardware designer.
CAMERON
WORTH $1BN
GoFar so far
No 1 Founders Institute 2
patents
1st customer
NOW
22% fuel savings
22%
Kickstarter
K Strong team
No 1 start up
Winner
2 successful Kickstarter
projects grossing $1.3m
212 designs so far