popforms pitch deck - series seed
DESCRIPTION
This was the original pitch deck used in March-April 2013 for fundraising for Popforms.TRANSCRIPT
$156bcompanies spend
EACH YEAR ON TRAININGmanagers & employees
but still struggle
to make their
leaders e≠ective
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... and billions on software for managers and employees
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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
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HR solutions exist to achieve HR goals not employee & team lead goals
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What can managers do today?
In the US, companies spend $13.6b on leadership training.
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# <$50 $$1000+
8ExecutiveCoaches
Courses Conferences
Books Articles
Ló
New Category: Leadership Software
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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
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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
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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
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25%
23%
14%
Greater clarity about what the organization needs me to do and why
Development opportunities
Regular, specific feedback about job performance
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
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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
Basecamp
Jira
Asana
TrelloProductivity
Training
Coaching &Feedback
PeopleManagement
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DemoHi!
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
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FinancingAdvisor
Kate MatsudairaCEO & Founder CEO, Google Comparison Founder, KISSmetrics DLA Piper
Dan Shapiro Hiten Shah Megan Muir
LegalCEO Advisor
Raising: $1MHi!
Pop
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