popforms pitch deck - series seed

16
Kate Matsudaira [email protected] 206.992.8580 April 2013

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This was the original pitch deck used in March-April 2013 for fundraising for Popforms.

TRANSCRIPT

Page 2: Popforms Pitch Deck - Series Seed

$156bcompanies spend

EACH YEAR ON TRAININGmanagers & employees

but still struggle

to make their

leaders e≠ective

proprietary & confidential - copyright 2013 PopForms

Page 3: Popforms Pitch Deck - Series Seed

... and billions on software for managers and employees

proprietary & confidential - copyright 2013 PopForms

Page 4: Popforms Pitch Deck - Series Seed

There’s still no solution to help managers be more e≠ective

Goal Setting

Status e-mails

Project communication

Performance reviews

More meetings

Development plans

Mentoring

360 feedback

All-hands meetings

Attend conferences

Courses & Training

Industry memberships

Off-sites

The nuts and bolts of leadership

Leadership Software

proprietary & confidential - copyright 2013 PopForms

Page 5: Popforms Pitch Deck - Series Seed

HR solutions exist to achieve HR goals not employee & team lead goals

proprietary & confidential - copyright 2013 PopForms

Page 6: Popforms Pitch Deck - Series Seed

What can managers do today?

In the US, companies spend $13.6b on leadership training.

proprietary & confidential - copyright 2013 PopForms

# <$50 $$1000+

8ExecutiveCoaches

Courses Conferences

Books Articles

Page 7: Popforms Pitch Deck - Series Seed

New Category: Leadership Software

proprietary & confidential - copyright 2013 PopForms

Page 8: Popforms Pitch Deck - Series Seed

Ine≠ective leadership wastes millions of dollars through poor team performance and employee churn

=

70%

10%

20%

Entrylevel

Midmgmt

Seniormgmt

Ave annual salaries $30k $70k $150k

$17.3M $11.6M $12.4M

Company with 10,000 employees

$41.3M770

people220

people110

peopleAnnual loss of talent

@11% turnover

$22.5k $52.5k $112.5kCost to replace@75% salary

In bottom line turnover costs

proprietary & confidential - copyright 2013 PopForms

Page 9: Popforms Pitch Deck - Series Seed

Unmotivated employees costs US companies $300b each year in lost productivity

Companies with high levels of employee engagement saw a 19.2% increase in operating income

Companies with low levels of engagement saw a 32.7% decline in operating income

86% of engaged employees said they felt happy very often at work

actively disengaged employees cost the organization $3,400 for every $10,000 in salary

proprietary & confidential - copyright 2013 PopForms

Page 10: Popforms Pitch Deck - Series Seed

Most companies focus on the shiny stu≠ instead of what’s important

What companies do today What employees say would spark better performance

Employees crave strong leadership and professional growth opportunities

Pizza Party!!!!$25

Best NinjaPaper plane

Pro Epic Mo

proprietary & confidential - copyright 2013 PopForms

25%

23%

14%

Greater clarity about what the organization needs me to do and why

Development opportunities

Regular, specific feedback about job performance

Page 11: Popforms Pitch Deck - Series Seed

Popforms makes managers better leadersLeadership looks like art when you don’t know the science behind it.

Most managers don’t know best practices.

Software can fix this by blending content into workflow.

38% high engagement when companies focus on talent management and retention

40% decreased turnover from investing in employees

every $1 invested in employees translates to $10 in profits

35%employee development can boost morale

proprietary & confidential - copyright 2013 PopForms

Page 12: Popforms Pitch Deck - Series Seed

We’ve hit a nerve60+ customer conversations

900+ people waiting for early access

Product launch on 8/30

Already turned down 7-digit acquisition offer

email

Basecamp

Jira

Asana

TrelloProductivity

Training

Coaching &Feedback

PeopleManagement

proprietary & confidential - copyright 2013 PopForms

Page 13: Popforms Pitch Deck - Series Seed

DemoHi!

Page 14: Popforms Pitch Deck - Series Seed

The PlanCustomer Acquisition

Leverage existing organic audience (newsletter & blog)

Goal based courses - potential partnerships with content producers

Paid online marketing (targeted via LinkedIn & Facebook)

Focused on selling to teams and managers.

Start with a lower price point ~$50 per month/per team.

Within 6 months of launch, expand the offering into multi-team and higher price points.

Viral through employees - not another tool forced upon them. We want to create tools that will save time and they will want to use, and advocate for their managers to use.

We have traction and an

existing audience

proprietary & confidential - copyright 2013 PopForms

Page 15: Popforms Pitch Deck - Series Seed

FinancingAdvisor

Kate MatsudairaCEO & Founder CEO, Google Comparison Founder, KISSmetrics DLA Piper

Dan Shapiro Hiten Shah Megan Muir

LegalCEO Advisor

Raising: $1MHi!

Pop

proprietary & confidential - copyright 2013 PopForms