lastbite pitch 2013
DESCRIPTION
We help cafe's and restaurants sell last minute food to deal hungry shoppers. This is our pitch.TRANSCRIPT
too good to waste
WE HATE WASTE
We never want to see a sandwich
be thrown out again
“I know that places have discount meals, but i don’t know where to
find them”
thats 148,000 Double-Decker busses
$30-40B
The problemwe’re trying to solve
wastage profit connect
a mobile app to sell perishable food to last minute consumers.
The solution
if you’re closing soon, pop in an end-time and you’ll get some bites soon
4pm? 2 Bagels left... take a photo and upload them to lastbite, they’ll soon be turned into profit
push the special deal out in a new way to existing customers, and even new ones
The APP
set the time limit
set the price
snap your produce
9
Revenue model
3 sources of revenue
premium subscription
subscription
one-off pricing
paid specials
transaction fee pricing
in-app purchases
$12.99 - up to 10 products uploaded per week
$19.99 - up to 100 products uploaded per week
$59.99 - unlimited number of products uploaded
$2.99 for a 1 hour special
$19.99 to 1 day special
$39.99 for a 1 week special
$59.99 to ‘bump up’ a special to top of stream
In-app purchase with 30% cut of revenue.
11
Market opportunity in Australia
cafes and restaurants in Australia
$35 x =50,000 $21mper cafe / restaurant
monthly
We expect to convert 8% of market opportunity in the first year$1,680,000
13
Market opportunity in USA
cafes and restaurants in USA
$35 x =per cafe / restaurant
monthly
600,000 $2.52B
We expect to convert 4% of market opportunity in the first year$10,800,000
too good to waste
ADAM MILLER MICHAEL CHEDANI BRECKON BARRY TEOHJOEL HAUER
DesignerDesignerCo-founderCo-founder DeveloperDeveloperUXUXCo-founderCo-founder
@AiMillstar @nolim1t@JoelAmigoHauer @daniib
BEN LEVI
Co-founderCo-founder
@BennyLevi
ADAM MILLER
co-founderco-founder
too good to waste
@AiMillstar
Founder of Tuteable
Experience: 4 previous start-ups, 2 within App space, passionate about online education & transforming industries with mobile technology.
Skills: UX, PPC, SEO, Mobile-optimization, and Marketing strategy.
Knowledge: RMIT bachelor of entrepreneurship, and scholarship to Sweden’s Jönköping University.
Random fact: Has OCD & ADHD.
BEN LEVI
co-founderco-founder
too good to waste
@BennyLevi
Founder of Renting Smart
Experience: Working on start-ups for 5 years. Founder of RentingSmart, and business dev of Krunchbox.com
Skills: Business dev, strategic partnerships, project management, forecasting, User experience design
Knowledge: Bachelor of commerce in Finance & Accounting
Random fact: Proposed to his girlfriend in an Angrybirds game
too good to waste
JOEL HAUER
co-founderco-founder
@JoelAmigoHauer
Founder of WeCo
Experience: Founder of WeCo, co-founder of UnOffice, Business Development manager in UnOil, Digital Producer.
Skills: Branding, design, customer development, project management, SEO, online marketing & creative advertising
Knowledge: Bachelor of commerce in marketing & commercial law
Random fact: Made WeCo profitable within 3 months
too good to waste
DANI BRECKON
UXUX
@daniib
Founder of Utopia Internet
Experience: Web consultant specializing in e-learning, and UX expert
Skills: UX design, project management
Knowledge: Joomla, UX, agile development
Random fact: Fascinated with the art form of learning
too good to waste
BARRY TEOH
DeveloperDeveloper
@nolim1t
Technologist / Developer
Experience: iOS developer, web developer, systems architect
Skills: Ruby, Rails, iOS Dev, Mobile UX, QA Automation (Functional/Performance), System Admin (Linux/Solaris/Windows), and Social Media App Integrations
Knowledge: Tech guru
Random fact: Also brilliant at digital & creative marketing
Programming languages
* Objective-C (iPhone SDK and OS X 10.6)* PHP (v2 to v5.3)* Ruby / JRuby* Rails (Heroku and Standalone deployments)* VBA Scripting / ASP (VB)* Bash/Perl* Python including Google App Engine* Windows Powershell* Some LUA Script* Some ASP.NET (C#). .NET via Windows Powershell mostly. * Some SQL Stored Procedure (MS-SQL)
too good to waste
MICHAEL CHE
DesignDesign
Designer at Soap Digital
Experience: Experienced graphic designer
Skills: Photoshop, Illustrator, Flash, 3D
Knowledge: Bachelor of Visual Arts & Graphic Design
Random fact: Finalist in a highly sort after creative design competition
Competitor analysis
deal & discovery app
try for free dealscharity food
recovery
perishable food app
first in category
ONE OF A KIND
NOW1/08/13
01/10/13
01/11/13launch BETA to
cafe’sbasic free version to validate
consumer demand and convert cafes
basic free version to validate consumer demand and convert
cafes
acquire & convert acquire & convert01/02/14
24
Timeline phasesOur plan
restaurants supermarkets
release version 2
implement venue paid ‘specials’implement venue paid ‘specials’
release version 3implement online transaction
processing model & fee structure
implement online transaction processing model & fee
structure
22 participating cafesas of TODAY
25
QUESTIONS?and possibly some
answers too
www.signup.lastbite.com
too good to waste