monbaby- artura vaitaitas
TRANSCRIPT
WHAT IS MONBABY?
MonBabyisanaward-winningbabymonitorthatsnapsontoanyar4cleofababy’sclothing,justlikeabu>on.MonBabyhelpseasenewparents'anxietyconnectedwithunexpectedinfantdeath.
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MonBaby® Breathing and Rollover Monitor
THE PROBLEM
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Existing baby monitors provide audio and video feeds and alert parents if the baby is crying. However if there is no sound, there is no video to report and parents are sleeping - it’s a silent threat.
*SUID and SIDS data in the US is based on CDS data http://www.cdc.gov/sids/data.htm ** http://www.nichd.nih.gov/sts/Pages/default.aspx Safe to Sleep®
About 3,500 infants die suddenly and unexpectedly each year in the United States. The most common reasons: SIDS, accidental suffocation and strangulation in bed*. Experts agree the most important thing parents can do to reduce the risk of unexpected death is to place babies on their back to sleep.
With traditional baby monitors parents may not be alerted in time if their newborn has a stoppage in breathing or has turned over on his stomach during sleep. MONBABY WAS DESIGNED TO SOLVE THIS PROBLEM.
Safe to Sleep® Public Education Campaign**
$169 LIVE ALARM
Body position Breathing movements Proximity removal Fall detection
SOLUTION
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MonBaby tracks the baby's sleep position and sends an alert to the parent's smartphone if the baby rolls onto his or her stomach.
MonBaby detects the delicate movements of a baby’s breathing and sends parents an alert if breathing movement stops for 15 seconds or more.
TRACTION
MonBaby is available in about 450 brick-and-mortar Target stores across the United States.
Kickstarter campaign was fully funded by 135 backers in November 2014.
We have deals signed with international distributors covering South Africa, Turkey, Israel, Colombia, Ecuador, Panama, Ireland, Sweden, Norway, Finland, Denmark, UAE, and Russia, with many more markets in the near term pipeline.
WT Innovation World Cup Winner in 2014.
We sell on all of the following websites:
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MonBaby has received critical acclaim in the press, has gotten national TV coverage and has been featured by outlets like the New York Times, CNET, Yahoo! Tech, Gizmag, and more https://monbaby.com/press-2/
MARKET OPPORTUNITY
The total home-use baby movement monitor marketplace was $412.8 million in 2015 and is estimated to be $690.0 million by 2020.*
About 4 million new babies are born in the United States each year.**
9.6% (approximately 0.38 million babies) in the US are born prematurely.**
130 million new babies are born in the world each year (UNICEF estimations).
*Market Size data is based on Technavio http://www.technavio.com/report/global-miscellaneous-home-use-baby-movement-monitor-market **Birth data in the US is based on the data of the Centers for Disease Control and Prevention http://www.cdc.gov/nchs/fastats/births.htm
$412.8 MILLION
4 MILLION
130 MILLION
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9.6%
New grandma, interested in new technology Age: 55 – 65
Lives in or around urban areas
CUSTOMERS
First time mom Age: 25 – 35
Income: above average Lives in or around urban areas
New dad, married Age: 27 – 42
Income: above average Lives in or around urban areas
Second + time mom Age: 27 – 42
Income: above average Lives in or around urban areas
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* Based on the company’s own marketing research and current customer’s data
Parents of premature babies Age: 25 – 42
Income: all Lives in or around urban areas
COMPETITION
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High Data Accuracy
Ease of Wear
Accessories Required
Low Data Accuracy
High Data Accuracy
Affordable
Low Data Accuracy
High Price
Requires a special pajama to work Rechargeable battery lasts 120 hours $179 price for “Starter Package” Sold in Babies ‘R’ Us and Amazon which helps validate market for new baby monitor devices
Mimo Baby
Inconvenient ankle band design. Three sizes for different ages Separate smart charger Price released $249 Claim to be the first learning and predicting baby monitor. But very limited technical data is currently available
Sproutling
A bulky wearable sock. Three sizes for different ages Separate base station Retail price $250 Relies on pulse oximetry to provide heart rate and oxygen levels
Owlet Care
LIVE ALARM
Body position Breathing moverments Proximility removal Fall detection
MONBABY. COMPETITIVE EDGE
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UNIVERSAL FORM FACTOR AND UNIQUE ATTACHMENT MECHANISM MonBaby doesn’t require special clothing and can be easily detached from dirty clothing or clothing that is too small. Baby can not outgrow MonBaby.
MOST AFFORDABLE PRICE
Since MonBaby is small and has universal design there are no extra manufacturing costs to fit different sizes and ages of babies. This allows us to market MonBaby with the most affordable price for customers and gives better flexibility of price for distributors and retailers of any smart baby monitor.
KEY POINTS OF MARKETING STRATEGY
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safesleep.monbaby.com MonDevices provides new parents with access to easy-to-understand educational resources about safe sleep for babies. Not all parents are familiar with important safe sleeping recommendations; educating new parents will affect sales.
MonDevices has communities on Facebook, Instagram, Pinterest and will build a branded web and mobile community for new parents, MonParents. Company wants to own the relationship with its potential customers, maximizing our ability to engage the target audience.
Mondevices launched an affiliate program https://monbaby.com/affiliate-program/which is starting to attract referrers and affiliates.
Mondevices launched a website in Spanish http://www.monbaby.com/es/ with the aim of targeting the Hispanic audience, which is considered to be more tech savvy.
We work with bloggers, experts and trusted parenting and tech resources (digital, TV, print) to secure TV segments, guest posts, reviews, placements in baby shower gift guides, etc.
Content Marketing
Word-of-Mouth Marketing
Hispanic audience
Social Media and Brand Community
Influence influencers
Collaboration with professionals
MonDevices will distribute promotional materials to classes for new and expectant parents, support groups, sonogram clinics, NICU hospitals, midwife services, etc.
R&D/ADDITIONAL DEVICE FEATURES
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MonBridge (BLE-to-WiFi Bridge)
Breathing Rate & Twin Mode
Server-side Backend
MonScope, MonPatient & MonParent (future wearables)
MonBaby Premium
We’vedevelopedanappthatrunsonanAndroiddeviceandextendstherangeoftheMonBaby.TheideaistohavetheapprunonanAndroid5"or7"tabletthatwearegoingtoloadwithvideoinstruc4onsandhelpfulmaterialsonhowtoraiseyourbabymakingitnotonlyafunc4onalbridgebutalsoagreatsourceofinforma4onfornewparents.
We’regoingtoaddbreathingratemeasurementsanddisplaybreathingrateasanewfeature.Currently theMonBabyonlysendsanalarm if there isnobreathingmovement.This featurewouldincreasesensi4vityoftheMonBabyandalertparentsevenwhenthereismovementbutnobreathingratehasbeendetected.We’realsogoingtoaddanabilityoftheMonBabyapptoconnect tomore than 1 BLE device. Customerswho are having twins and triplets asked usaboutthisfunc4onalityandwewouldliketosa4sfythisimportantrequest.The framework already runs on AWS, capturing data from selected customers.Wewant toexpanditandscaleituptocapturedatafromallofourcustomers.Collecteddatawillbeusedtoimproveandfinetunebreathingandmovementclassifica4onalgorithms.MonScope will be a wearable with the sensi4ve microphone that a customer would wearroundtheclocknexttothecustomer’sbody.TheMonScopewillcaptureandrecordsoundsofpersonslungsandhearttobetransmi>edandanalyzedinreal4me.Weareinini4alstagesofR&D,namelyataconceptstage,thoughwealreadyhaveaworkingproofofconcept.We’vealsoengagedourteamofmedicaladvisorsinordertocomeupwithaneasytousewearabledevice for seizure detec4on and alerts and are working on a wearable for the elderly bycollec4ngmarketdataandcustomerfeedback(infact,someofourMonBabycustomershaveusedthedeviceforseizuredetec4onalreadyaswellasbought it fortheiragingparentsandalthoughitisnotintendedforthosepurposesitwasaclearindica4ontousthatthemarketforthesetypesofdevicescertainlyexists).
Ourvisionforanidealbabymonitorproductisasmartbabymonitorintegratedwiththevideobabymonitor.AfinalintegratedproductwillbeawificamerawillserveasaBLE-to-WIFIbridgeandalsobeawirelessbasewiththetemperaturesensorandaudiomicrophone.TheMonBabyalarmswillshowonasmartphoneapprunningoniOS/AndroidnexttoavideostreamfromaWIFI camera. The temperature and audiowill also be used to create addi4onal alarms.Ourvision thatsmartbabymonitorandvideomonitorproductswilleventuallyconvergeandwewanttobeatthefrontofthisdevelopment.
TEAM
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LEV GRZHONKO, CEO
An economics graduate of UC Berkeley and the Harvard University Executive Program. Successful serial entrepreneur, former founder of AdoTube. EUGENE DOTSENKO, COO With a BA in Economics and a JD/MBA, Eugene joined the MonDevices team in 2015 bringing with him solid experience with an emphasis on legal, financial, HR, administrative and managerial functions. JANE VORONOVICH, MARKETING ADVISOR (CEO of Elementary Marketing, LLC, the exclusive marketing service provider to MonDevices, Inc)
ARTURAS VAITAITIS, CTO
Inventor of MonBaby. Holds a Ph.D. in Particle Physics from Columbia University, a patent in the IT industry and over 50 scientific publications.
SIMON DAWES, LEAD ENGINEER
Bachelor in Electronics (Cambridge, UK). Production Engineering and Customer Service Management in State of the Art Semiconductor High Tech equipment industry. Hardware and Software design.
JASON SUSSMAN, OPERATIONS MANAGER
Graduate of the University of Michigan with a B.A. in English Literature. Experienced in operations and production management for over 15 years.
Contact Info: MonDevices, Inc. 225 West 34 Street, Suite 9-31, New York, NY 10122 Lev Grzhonko (CEO) 415-786-4598 [email protected]