walksafe tech startup

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My story

Post on 21-Oct-2014

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This is a company I helped get started with another business student and a Ph.D student at UNC. The general idea was to use cameras to optimize traffic flow and safety.

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Page 1: WalkSafe Tech Startup

My story

Page 2: WalkSafe Tech Startup

The annual stats

70,000 injured

4,200 dead

2010 USDOT Data

Page 3: WalkSafe Tech Startup

The team

Daniel Zinna, BSBA ’14 Entrepreneurship, Marketing

Daniel Newton, BSBA ’15 Entrepreneurship, Consulting

Kairos Fellow

Jeremy Greeter, Biology Ph.D. Candidate

B.S. Biomedical Engineering

& Applied Physics

NDSEG Research Fellow

Page 4: WalkSafe Tech Startup

WalkSafe

Page 5: WalkSafe Tech Startup

WalkSafe is system that uses traffic

cameras to help pedestrians cross

the street safely.

Page 6: WalkSafe Tech Startup

Data

Product

A system that protects the pedestrian in multiple scenarios.

Page 7: WalkSafe Tech Startup

Visual Animation

Page 8: WalkSafe Tech Startup
Page 9: WalkSafe Tech Startup

Green Arrow= Cars moving towards pedestrians

Possible pedestrian injury

Page 10: WalkSafe Tech Startup

Beta Product

Page 11: WalkSafe Tech Startup

Customer Validation

Mike Kennon Chief of Raleigh Transit

Page 12: WalkSafe Tech Startup

The market

Raleigh (Beachhead)

50 out of 600

$250,000

Page 13: WalkSafe Tech Startup

The market

High density cities

New York

San Francisco

Chicago

Boston

Philadelphia

Page 14: WalkSafe Tech Startup

The market

$1,555,000,000 TAM 311,000 U.S. lights x $5000

Page 15: WalkSafe Tech Startup

Competition

Radar based pedestrian system

Traditional Pedestrian

Timers

Page 16: WalkSafe Tech Startup

Competitive Advantage

Far more expensive and complex

No real protection

from injury

Page 17: WalkSafe Tech Startup

Revenue Streams

One time:

Camera system

$5000 per light

Re-occuring:

Pedestrian Data

$100 monthly (contract)

Page 18: WalkSafe Tech Startup

Financials

Year1 Year 2 Year 3

Revenue

Gross Profit

Expenses

Net Income

$0 $207,760 $1,027,230

$60,250 $107,312 $222,730

($60,250) $100,447 $804,499

$0 $408,000 $2,013,000

Page 19: WalkSafe Tech Startup

Financials

Year1 Year 2 Year 3

Revenue

Gross Profit

Expenses

Net Income

$0 $408,000 $2,013,000

$60,250 $107,312 $222,730

($60,250) $100,447 $804,449

Burn Rate in year 1 $3,012 (monthly)

Initial startup costs $116,000

$0 $207,760 $1,027,230

Page 20: WalkSafe Tech Startup

Funding

Startup Costs:

Asset %:

Year 1 Burn

Total

$17,800

65%

Founders Cash $15,000

$36,151

Net Cost $2800

$38,951

Ask

Pre-money

Investment

Post-money

$35,000

$35,000

$70,000

45%

45%

• 1 out 3 Board Seats

• 10% post-money option pool

• First right of refusal

100%

10%

Page 21: WalkSafe Tech Startup

Milestones

Now 3 Months 6 Months 9 Months 21 Months 13 Months

Page 22: WalkSafe Tech Startup

The board

Chris Jefferson

Traffic analyst at Raleigh transit

Page 23: WalkSafe Tech Startup

Thank you

Page 24: WalkSafe Tech Startup

Appendix

Page 25: WalkSafe Tech Startup

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Page 26: WalkSafe Tech Startup

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Government Officials

• Big Budgets

• Large Reach

• Large Amount of Pedestrians

Schools

• Small Budgets

• Localized Reach

• Medium Amount of Pedestrians

• Highly Valued Pedestrians

Neighborhoods

• Small Budgets

• Localized Reach

• Small Number of Pedestrians

Page 27: WalkSafe Tech Startup

Positioning

Capital Investment

Ability to Keep Pedestrians safe

High

High

Crosswalk Button

WalkThru

Siemens System