presentation viditure vc
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vc presentation viditureTRANSCRIPT
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Introducing Viditure
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What is Vidituring?“Vidituring” is a legally acceptable way of agreeing to the terms and
conditions of a document over video.
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Why Viditure? Expedites business transactions
• Converts paper agreements into E-agreements• Accelerates global transactions
Reduces fraud• 3 methods of identification
Easy to use and portable• mobile device or computer. IOS, Android, all browser using WEBRTC/flash .
Legally acceptable due to E-signature act passed in 2000• Similar laws passed in Europe, Japan, and other countries
Patent pending= 14168371 video signature system and methods!
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Why Now? Electronic transactions are commonplace The world is increasingly mobile. • 2014: 87 % of enterprise software is on mobile applications
Cameras are common on every computing and mobile devise
Signature fraud is on the rise. • The need to significantly improve identity verification is now!• Vidituring is much easier and secure on-the-go than digitally
or conventionally signing documents.
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1. Traceability of unique code attached to every document:• Video > signee > client
2. Identifying video of signer for every document.
3. Putting face behind signature
4. Traditional screening password
5. Additional Levels of Security• Image processing
• Photo id if required
4+ Levels of Security
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Differentiation Traceability of unique code to
Video to signee to client with every document
Identifying video of signer for every document.
Unique code for each document
Password Protect Same for all documents
BasicPassword
Unique Code
Video Identity
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Competitive Advantage Patents Pending: 14168371 video signature system and
methods Trademarks: Secured on July 12 /2014 “Viditure,”
“Vidituring” Experienced team with over 70 years collective experience at
Apple, Google, Ethical ball, National Semiconductor, Sipex, Analogictech, Union Bank, Sonny, Ariba , Cisco, model N
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Large Market Opportunity
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Fraud Stats
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Credit Card Fraud Stats
Viditure helps merchants reduce fraud on large scale online transactions.
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GOV benefit fraud TAX
Viditure can help reduce governmental fraud.
TAX online preparation= 940,000 tax returns with $6.5 billion in associated fraudulent tax refunds
Medicare fraud= 17 to 54 billion a year
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Pricing
Subscription Pricing/
Individual $12.99
Business $24.99/ Per user
Enterprise/ verticals Contact sales
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Market Opportunity (som) Credit Card Loss Medicare Fraud Prevention Social Security Fraud Education Contracts & Agreements
Credit Card Loss $100M
Medicare Fraud $250M
Bank $200M
Real Estate $100M
Legal $50M
Corporate $100M
Total: $800M
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Market Penetration Initial Focus is legal Market
• Segmentation: Business, Estate, IP, Divorce and family, Employee rights, Healthcare, Immigration, Money Matters, Real Estate
• Use marketing consultants, legal partners, and advisors to establish contacts with larger firms
Initial entry is individual and small company accounts.• Use model is standard tool using Viditure server support and semi-customization of
User Interface• Initial target contacts are CEO and partners
Medium and large company penetration starts when application interface is completed for customization• Will require support in customer infrastructure and customization of tool.• Target contacts are business development group, partners, and IT
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Sales Plan
Alpha/Beta launch: Individual/single company targets• Initial sales thru internal sales force• Validate and refine launch material • Validate pricing model
Product Launch: Sales force deployment• Part time sales focused on expanding Individual/single company accounts. • Full Time experienced sales focused on corporate accounts.• Start development of web enabled e-sales for individual/single company
accounts.
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Team and Investment to Date Kebron Dejene: CEO/ founder, Ethical Ball, Hotmeda, and Viditure Inc. Edward Lam: VP of BD and Marketing, 30 years experience public and private
companies as a executive, engineer, marketing, and business development Manoj Kumar: Software Development Manager, over 20 years software development
experience Ewa Ding: Product Manager, 10 years experience in product design and UX
ConsultantingAdvisors Lisa Oshima: Founder Socialize Mobilize. 15 years experience in mobile and social
media industry. Brad Rotter: Venture Investor in Companies That Impact The Security of the
Homeland. Mark Reinstra: Partner at Wilson Sonsini Goodrich and Rosati Investor Niki Gastinel: Global Business Intelligence at Apple,Inc.
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Fundraising Targeting $2M in funding Enables:• Completion of the product/ full time employees • Enables Sales/Marketing • Drive sales to profitability• Engagement with individual to large vertical potential • Finalized our patent globally
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Critical Path
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Projected P&L2015 2016 2017 2018 Total
Revenue $ 171.5
$ 2,100.7
$ 4,115.4
$ 5,757.2
$ 12,144.8
Operations $ 12.0
$ 48.0
$ 102.0
$ 177.0
$ 339.0
Margin $ $ 159.5
$ 2,052.7
$ 4,013.4
$ 5,580.2
$ 11,805.8
Margin % 93.0% 97.7% 97.5% 96.9% 97.2%
Development
$ 207.0
$ 380.0
$ 720.0
$ 720.0
$ 2,010.0
Sales $ 188.1
$ 417.1
$ 515.6
$ 841.8
$ 1,962.6
Admin $ 173.4
$ 499.6
$ 1,244.8
$ 1,250.8
$ 3,168.6
Expense $ 568.5
$ 1,296.7
$ 2,812.6
$ 2,812.6
$ 7,158.2
PBT $ ($408.9) $ 756.0
$ 1,533.0
$ 2,767.6
$ 4,647.6
PBT % (238.4%)
36.0% 37.3% 48.1% 38.3%
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Thank you Team Viditure
Contact Founder and CEO
Kebron Dejene 816 824 0631
Lets start vidituring