poker rave business bootstrap v1
DESCRIPTION
Slides for the Business Bootstrap meetup. Pitch Deck.TRANSCRIPT
POKERRAVE.NET
www.pokerrave.netwww.twitter.com/pokerrave
www.angellist.co/poker-rave
“Rave about your poker games”
The teamLee Englestone
(Founder / Geek)
@leeenglestone
• BSc Computation, Manchester University
• Senior Software Developer• MCP, MCAD, MCSD
• C#, VB.NET, ASP.NET MVC, Silverlight, WP7, WPF, jQuery, SQL Server, Oracle
James Dixon (Advisor/ Poker Pro)@beats4fun
• Full time UK professional poker player
• Big advocate of Poker Rave
• Has poker contacts / reach
Where did the idea came from?• Poker players trying to tweet hands & chip levels!?
• Poker players love to describe hands and share progress• Poker fans like to follow professionals and other players
Wouldn’t it be great if.. a player could visually share
their hands and game progress?
Poker popularity
WSOP 2012 $10,000 main event
• 1st - $8,531,853 (Greg Merson)
• 2nd - $5,295,149• (Jesse Sylvia)• 3rd – $3,799,073• 4th - $2,851,537• 5th - $2,155,313• 6th - $1,640,902• 7th - $1,258,040• 8th – $971,360• 9th - $754,798
All Time Earners
Online Poker sites
PokerStars.com recently celebrated its 90,000,000,000 online hand
Poker Market is HUGE (& wealthy)
Different players / different games
Home games
Live tournaments
Online tournaments
Pub leaguegames
Enter Poker Rave• Track game session (when, where etc) with Poker Rave mobile app
• Easily create notable hands during that game
• Show graph of chip level during game
• Follow other Poker players (and see their activity)
• Share links to hands and games on Twitter and Facebook
• Users ‘score’ increases through• Creating games and hands• Having their games & hands up voted• Having their games and hands being favourited
Poker rave platform
API
Poker Rave website
Poker Rave current status• Current state
• In beta
• All functionality is web interface based• Mobile app comes next
• Participates in nReduce online incubator• Sets, meets and reports on weekly tasks
• Gathering interest• Positive feedback from poker players
• Currently bootstrapping • but contemplating raising funding to allow full time development
Revenue possibilities
Direct advertising
Affiliate programmes
Customvenue
promotion
Paid for advertising (banners)
Probably pokers sites& services
Commission fromreferring site visitors
to poker sites andsigning up
Venues (casinos etc) can pay to describe
promotionsOn their ‘venue’ page
Competition• Main competitor is PokerStars ‘Boom’
• Allows export of hand from PokerStars client• Limitation : Requires Flash player! So no iPad and iPhone can view!• Limitation : Limited to PokerStars games
• Whereas Poker Rave• Can be viewed on all platforms• Not limited to PokerStars
Demonstration
Next steps• Grow the site / gain traction
• Get poker players registering/using the site• Ideally professional players
• Develop the mobile app• Perhaps have Kickstarter campaign for £2K for MacBook / dev
resources to make iPhone app (would promote Poker Rave as well)
• Create videos (for demo, promotion & investors)• May be the best way to describe concept to others
• Apply for funding / Accelerators / Incubators• Why not?