the first visual search mobile apparel marketplace tweet insta pin 3 ... mobile 1st millennial by...
TRANSCRIPT
eCommerce– StateoftheUnion
2
4outof5U.S.ShoppersFrustratedby
MobileShopping
MediaPostMay3,2016,10:05AM
U.S.OnlineRetailSalesWillSoarto$500Bin2020vs.$373Bin2016
MediaPostMay3,2016,10:05AM
TheProblemSmallScreens
ShorterAttentionSpans
TopFashionSites
BigBoxEtailers
Discovery=Forever2
Limited,Low-TechMobilePresence
Millennials
$2.45TBuyingPowerLimitedApparelSelections
Snap
Tweet
Insta
Pin
3
HoppingfromSitetoSiteEndlessTextEntry
VisualShoppingw/DeepLearning
4
ShopbyColor(VideoDemo)
ShopbyVoiceSearch
ShopbyPhoto(VideoDemo)
ShopbyWebImage
ofRetailers1,000sofFashion
Items1,000,000s
Mobile 1st
Millennial byDesign
TheSolution-
FindItbyColor
6
Usecase: findendless selection ofclothing items inexact favoritecolors
Product/ColorMatches
SelectedProductDetails
TargetColorSelector
FavoriteColor
FindItbyWebURL
7
Usecase:findclothingmatchesfromanywebpage
WebPageImages TargetwithMatches SelectedProductDetails
FindItbyVoiceSearch
8
Oncetheinitialvoicesearchisstarted,theSeeIt,BuyItvisual
funnelingprocesskicksin
ProductMatches SelectedProductDetailsSayWhatYouSeek
TheTeamJoeMonastiero
Founder/CEO,6startups,Intervideo-WinDVD (IPO,500Mcopies sold)appMobi(IntelAcquisition)LinkedIn Profile
PetarBojinov WebArchitect
UCSantaCruzLinkedInProfileAshwinPatti
CloudArchitectSUNYStonyBrookLinkedIn Profile
VenuTangiralaPh.D.DataScientist
Northwestern PolytechnicLinkedInProfile
+6 AdditionalTeamMembers10
JoeAbramsInvestorFounder– MySpace,Founder- SoftwareToolworksOver$1BinM&AexitsLinkedIn Profile
NotableInvestors
11
KathyThomsonInvestor
CMO- Sirius/XMLinkedIn Profile
TheBenchmark
2015RevenueFromAffiliate Marketplace
$5.6B
ApparelNow#1Category
7
@15%CommissionperOrder
TheBusinessModel
14
15%
MerchantsManage
SalesChannel
ChannelPartnership IndustryStandard
nFlateManages
Awareness
Interest
Consideration
Intent
Eval
Buy
Shipping andReturns
AffiliateCommissionMerchant Onboarding
Marketing
350kMerchantsPaidbyShopify
Timeline• Shopifymerchantonboardingapp• Launched10/16• 1,000installsthru12/31,125kproducts
• AndroidSeeItBuyIt• Launched12/16• 10kdownloads• 4.5/5rating
• UpcomingMilestones
15
• iOSSeeItBuyItalpha2/16
• WebStorelaunch4/17
• Newwebsitelaunch1/17• FacebookChatbotlaunch4/17
Fundraising
BootstrappedbyCEORaised$500k2H16fromoutsideinvestorsUseofNewFunding($500k):• Useracquisition,marketing,humanresources&operations
ExitComparables:
• WalmartLabsacquiresLuvocracy• eBayacquiresHunch($80M)• SnapdealacquiredWishpicker
• RakutenacquiresDeepForest• FacebookacquiresTheFind• PinterestacquiresTheHunt
16
TheTechnology
18
DeepLearningInfo
VentureBeat:Deep Learning will be huge — and here’s who will dominate itby Amit Karp, Bessemer Venture Partners April 2, 2016
MarTech Advisor:What Deep Learning has to Offer to the Future of Online Personalizationby Huba Gaspar Mar 23, 2016
Forbes:What Is Deep Learning And How Is It Useful?by Kevin Murnane Apr 1, 2016
Business Insider:Google’s Eric Schmidt: Machine learning will cause 'every successful huge IPO win in 5 years’By Julie Bort, March 23, 2016