leapin digital keys presentation march 2014
TRANSCRIPT
Less expensive – Up to 1/10th of the Price
More secure – OTP Banking encryption
More convenient – No Physical Key
The Solution
Smartlock space $3.6 bil
Traction; 100,000 shipped in 3 monthsCapital raise - $4 milPatent Priority date – 3 weeks after LEAPINMonths behind promised delivery date 4Business model Licencingpartnership with leading LM. RRP $219 plus $3 per digital keys
Traction 14,000 pre-orders CC 4 weeksCapital raise - $2.4 milPatent Priority date – 2 months after LEAPINMonths behind promised delivery date 15 monthsBusiness model RRP $179 Y-Combinator graduate start-up
crowdfunded
Traction 26,000 pre-orders in 4 weeksCapital raise - $10 milPatent Priority date – no published patentsMonths behind promised delivery date 10 monthsBusiness model RRP $199 Leading tech founders in Silicon Valley pooling funds and crowdfunding
Smartlock space
Traction - 400 pre-ordersCapital raise - $313KPatent Priority date – no published patentsMonths behind promised delivery date 6Business model RRP $235 crowdfunded start-up
Traction 3 hotel trials with brand hotelsCapital raise - $?Patent Priority date – 7 months after LEAPIN patentBusiness model Quote on install of software and apps in hotels for control of lights, TV etc
Traction Around 15 hotel trials with brand hotelsCapital raise - $?Patent Priority date – 2 years before LEAPIN (different tech)Business model Established reputation with brand installs and trials (e.g in NovetelSydney) and now selling into residential market for $249
1. White Label Small Hotel Sales
Go to Market Strategy
4.8 Million Hotels/motels in US Market
Up to $100 month recurring revenue per customer
Small Hotel/Motel savings $100K p.a. as no need to Staff reception desk
Go to Market Strategy2. Bulk Sales
Charge any hardware with LEAPIN techManufacturer cost $20-$90 – Retail $400-$8000 per door124,000 Schools and Universities in US – 73 million students170,000 New Commercial Buildings every year in US
3. Licensing Deals
IP+ to
Go to Market Strategy
Our competitor Unikey shipped 100,000 units in 3 months with Lock manufacturer partnerWe go with same model ie. Around $20 per lock royalty + $1-3 per new digital key generated.
Traction
500 rooms a monthSigned agreement with a leading European lock
manufacturer paying LEAPIN to charge existing locksJan 2014
500 – 50,000 roomsSigned paid agreement with a Japanese Electronics company and a Japanese Chain Hotel for trials
Jan 2014
Traction
•Meetings held with the CIO of one of US’s largest Universities•Meetings held with CEO of one of the US’s largest construction companies•Graduated from US accelerator with offers for funding•Met with CEO’s of 4 Lock Manufacturers interested in licencing
Traction
50,000 rooms 1 deal
•Signed partnering agreements with Australian PMS company•First customers in Victoria Bed and Breakfast•Ongoing monthly revenue
Traction
First paying customers
Steve DunnChief Executive
Former Asset Manager
Local Govt.
MBA. BA (Town
Planning)
Sam FaulknerChief Technology
Officer
IT professional
Ba Comp Sc.
Greg SiegelePrincipal / Lead
Investor
Frmr CEO/Co-founder of Ratbag Games
Tech start up – 100 employees to $7
million sale to Midway Games
CEO CTO P
Our Team- Co-Founders
John HossliIndustry
Frmr CEO/President of Hafele America (13
years)
$1Bill Building product supply company incl.
lock manufacturer
Al PappasTravel / Software
Frmr CIO Adobe, Frmr
CIO Hotwire (acquired
by Expedia)
Experienced IT leader
Dr. Jana MatthewsManagement / LEAPIN
Investor
Thought leader, Author, Snr Fellow Kauffman Foundation
PhD (Harvard) Management and Planning
Our Team - Advisors