opus.me overview spring 2016

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Page 1: Opus.me Overview Spring 2016
Page 2: Opus.me Overview Spring 2016

Page 2

OPUS.ME ENSURES PEOPLE ARE TELLING THE

TRUTH

We do this by providing

access to verified

profiles that can

include:

• personal ID’s

• credentials

• qualifications

• criminal conviction

checks

Page 3: Opus.me Overview Spring 2016

OUR RESULTS

Provide immediately available informationReal-time decisions – who to hire, allow on your platform, grant credit,

or rent an apartment – Requires more accurate and accessible information

than what’s available in the market today

Create efficiency in sourcing and usageAlthough the same personal and professional data is needed to make

each of those decisions, today it is being sourced independently each

and every time it’s required

Introduce a higher quality, lower cost solutionOur model leverages existing data in a way that ensures we can

deliver the highest quality, up-to-date profiles for our partners, at the same

or cheaper rate, than what is available in the market

Page 3

Page 4: Opus.me Overview Spring 2016

ONE DATA PROFILE…MULTIPLE USES

Verified Data Elements

Global Verified IDs

Trade & Business Licenses

Certifications

Degrees & Enrollment

Work History

Liability Insurance

Commercial Surety Bond

Bankruptcy

Driving Records

Criminal Background Checks

Mobile Phone Fingerprints

Drug Tests

High School Graduation (coming soon)

• Opus.me is creating a new type of data

company; Our model contains

elements that background check

companies, credit bureaus and

LinkedIn provide

• Who buys this data today:

Employers

Lenders

Landlords

P2P Marketplaces

Background check and big data

companies

The Opus.me Profile

Page 4

Page 5: Opus.me Overview Spring 2016

THE OPPORTUNITY FOR OPUS.ME

Every American who buys, sells,

services, rents, lends, interacts,

hires, applies…

185M Profiles

… has profile data that, when accessed

2-4 times per year, will generate

approximately $40/yr. in revenue … $40… which makes the databank

opportunity annually worth

approximately $7.4B

$7.4Bannually

x

Page 5

Page 6: Opus.me Overview Spring 2016

• We have the distinct advantage of being low cost:

1. Unique methodology to drive to and keep costs low

2. Efficiently access data, and in some cases, built our own databases

3. Capability to resell our data to multiple parties, spreading costs to

deliver shared savings to all buyers

HIGH QUALITY, LOW COST SOLUTION

$28.50(Oct 2015)

$15.99(Mar 2016)

Average Retail Price for an Opus.me Profile

Opus.me is 50% lower priced then the competition, and will continue to drive price downwards, while protecting margin

Page 6

Page 7: Opus.me Overview Spring 2016

PRODUCT DYNAMICS

On a per profile basis, year over year revenue and margin increase as a

result of having more partners accessing the same data profiles

Full Profile (single-access)

Year 1 Year 2 Year 3 Year 1 Year 2 Year 3

Active Profile Year Active Profile Year

Year 1 Year 2 Year 3

Partners (Lifetime) 1 3 5

Accesses (in year) 3 5 6

Revenue per Profile $39.00 $68.49 $84.48

Gross Margin 23% 56% 64%

Full Profile (multi-access)

Year 1 Year 2 Year 3

Partners (Lifetime) 1 1 1

Accesses (in year) 1 1 1

Revenue per Profile $15.00 $13.50 $13.50

Gross Margin 30% 29% 29%

Page 7

Page 8: Opus.me Overview Spring 2016

VERIFIED DATA ELEMENTS UP 73% IN 2016

• We have sold a diverse set of data

• For example, License / Certification verifications make up more

than 41% of the first 2,500+ verified data elements verified

Page 8

Page 9: Opus.me Overview Spring 2016

REVENUE FORECASTTota

l P

rofile

Revenue T

ota

l Activ

e P

rofile

sBy the end of 2018, we are forecasting 3M+ profiles will be

in the databank and an annual run rate of $91M

Page 9

Page 10: Opus.me Overview Spring 2016

EFFICIENT USE OF FUNDING TO DATE

TECHNOLOGY

Launched full product solution and portals for end users and partners

Integration with all key data vendors

Fully automated ID, Criminal, Education, Work History, and Driving

Record products

Built and deployed APIs for partners and data providers

SALES

Launched with 17 paying customers

Proved business case within pre-employment, P2P marketplace

verticals

Successfully tested with multiple top tier marketplaces

Developing multiple partnerships with new revenue streams: access

fees, data licensing, white-label distribution

PRODUCT

Secured key data contracts for access to data from hundreds of

providers

On-boarded and managed screenings for active customers

Added Bankruptcy, Commercial Surety Bonds, College Enrollment,

and non-US ID verification to screening offering

Added 18M attributable data elements in the licensing space

Page 10

Page 11: Opus.me Overview Spring 2016

FUNDING NEEDS THROUGH 2017

Databank Expansion + Revenue Generation

• Headcount – Sales / Biz Dev

• Build additional unique datasets

• Marketing incentives for new profile creation:

Association & Industry partnerships

Consumer-driven profile creation

Partner-screening incentives

Infrastructure Investment

• Headcount – Ramp Service + Support functions to scale with

expected profile volume

• Tech integrations with additional data sources

• Investment in additional distribution options

Page 11

Page 12: Opus.me Overview Spring 2016

IMPACT TO OUR PARTNERS…AN EXAMPLE

“Opus.me has provided Paintzen's Operations Dept with a tremendous boost by allowing our

staff to focus on other components for our business' growth. Opus.me assists with our internal

vetting process, the on-boarding and on-going verfications of contractors who work on our

platform, which is an essential aspect for Operations.”

Joseph FalcicchioDirector of East Coast Operations

“I can say that Opus appealed to us because homeowners have consistently stated that trusting

their general contractors is one of the most important factors in choosing a GC. We feel that

opus gives Sweeten GC's an advantage by providing an extra layer of trust during a stressful

time for homeowners.”

Michael Lee SweetenDirector of Finance and Development

Page 12

Page 13: Opus.me Overview Spring 2016

APPENDIX

Page 14: Opus.me Overview Spring 2016

PHILIP CHARLES-PIERRE, CO-FOUNDER

Philip has successfully built enterprise and

subscription based businesses in Travel, Real

Estate, and Publishing for some of the top names in

the markets. Philip turned his attention to co-founding

Opus.me after recognizing the incredible value that

the databank concept could deliver across so many

different enterprises in today’s evolving economy.

MARC FADER, CO-FOUNDER

Marc is an investigator and attorney with expertise in

gathering and verifying information. He managed

thousands of background checks as a partner at a

premier investigations firm, seeding his desire for a

new way to provide affordable, high-quality access to

previously out-of-reach verified personal and

professional information.

RONEN MAGID, CTO

Ronen successfully launched his first commercial

software product while still in high school, and hasn’t

slowed down since. His creative approach to building,

managing, securing and optimizing the databank has

allowed Opus.me to capitalize on automation and

integration efficiencies while still providing a best-in-

class experience for our partners and profileholders.

STACEY BERNHARD, CRO

Through her experience in M&A, strategy, sales,

and user monetization for Match.com and

Travelocity, Stacey has become well-versed in the

value of verified information, and recognized the

game-changer that the Opus.me databank could

be. She joined in November 2015 to focus on

revenue and scaling the business.

OPUS.ME LEADERSHIP

Page 15: Opus.me Overview Spring 2016

EXISTING PARTNERSHIPS

Beta partner

Beta partner