see who is around. team igor grinkin co-founder, technical background ex-googler nikolay grishkun...
TRANSCRIPT
See who is around
Team
Igor Grinkin Co-Founder, Technical background Ex-Googler
Nikolay Grishkun Co-Founder, Business background
Don Campbell Business and Marketing Advisor
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Problem
No real-time communication with people around us.
It’s not easy to meet new people based on interests.
Can’t find players for volleyball game in real-time
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Problem - Facebook4
Problem - Tweeter5
Problem - Meetup6
Solution
Powerful GPS searchengine driven by users
Proximity app
Real-time
Built-in mobile GPS search
Chat
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Product
Put ALL active users on the
map
Search by tags
Meet new people
Intuitive interface
Full Privacy control
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Product
Ultra-simple registration
(just like people in the streets)
Reputation index
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Differentiators
tagMap Gems
Delicate approach to a delicate problem
Visibility button
Favorite users
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Validation
tagMap is International
4.5 rating in Google Play (485 reviews)
1600 recommend on Google+
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Validation
In 6 month65K downloads40K users signed up16K active last 30 days2K active users per day1200 engaged
EngagementMultiple messages per session70% less than one day between sessionsOver 3 min average sessionvs. 62 sec Facebook average
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Validation13
Messages
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5000
10000
15000
20000
25000
$200/day ads300 engaged users
Validation14
Messages
Jan
1Ja
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3Ja
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5Ja
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5000
10000
15000
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$50/day ads1200 engaged users
Critical mass
Market
Worldwide app revenues2012 - $12 billion2013 – $20 billion2017 – $63 billion
Number of mobile phones will exceed Worldpopulation by 2014
49% use phones for Social NetworkingBy 2017 - $30 billion industry
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Comparisons
Facebook/Google Plus◦Facebook – 727M daily, 80% non US, Q3 2013◦Google+ – 300M monthly, Q3 2013
Messaging Apps◦Line – $194M (Q3 2013), 48% growth over Q2
300M users, ◦Twitter - $169M (Q3 2013)
Dating apps◦Zoosk – over 25M active, $40M Q1 2013◦Badoo – 200M (~45M active), $200M 2013
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Business Model
In-app purchases: stickers, pins, etc.
Icons to businesses. Loyalty points
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Forecast18
2014 2015 2016 2017 $(2,000,000)
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
RevenuesExpensesProfit
4M
15M
0.5M
Asking
Looking for0.5 – 1.5 mil
in seed.
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See who is around