Foodavinci - Business Class Accelerator Pitch
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FOODAVINCIthe dynamic recipe engineconvenient, customized, knowledge.
make every recipe work
Yorkson JeenTadaaki SunTink NewmanBUS 495S.Smith6/13/12
can’t find substitutions.
can’t use regular recipe websites or cookbooks without extra work
can’t find specialty foods.
don’t what brands are safe and that are at their local grocery stores.
want to order foods online
recipe websites are too cluttered
PROBLEM HYPOTHESES
new opportunity
Big recipe websitesThemed recipe websitesMedical health sites with recipesYummly.com (to some degree)
COMPETITORS
CORE MVP SOLUTION
SERVICE EXPERIENCE GOALSdata entry
recipe guide
results previews
Team
TEAM ingredients for success
yorkson jeen tadaaki sun crtl moubarak jill chantink newman
InterfaceDesign
Interactive Arts & Technology (SFU) & Business
Public Relations
AmericanCanadian
Programming
Computing Science & Biology (SFU)
Sketch artist
Taiwanese
Business & Finance
Business: Entrepreneurship (SFU)
ChineseJapanese
Dietitian
Dietetics (UBC)
Lebanese
Project Manager
Interactive Arts & Technology (SFU)
FilipinoChinese
MENTORS
Entrepreneurship:Shawn Smith Mark Masongsong
Herman ChandiMaura Rodgers
Other:Andres Wanner: Interaction DesignBryan Ottho: Software DevelopmentShawn Taylor: Food Photography/ Chef / Startups
Business Model Pivots
+ lessons learned
BUSINESS MODEL PIVOTSthat burned. lessons learned.
CONTENT
REVENUESOURCES
MVP FEATURE
MARKET SEGMENTS
CHANNELS
2006-2012 Spring Early May 2012 Late May 2012 Early June 2012
2 searchable databases:users’ & company
elimination search
multiple allergies
selling/shipping speciality producedesigner aprons
doctor’s office phamplets
list substitutions near avoided ingredient
replace & provide 3 substitutions per ingredient
handpicked key people and recipe sources
users submit recipes to chef/photographer to test.
recipe cards, food photos, handpicked recipes, approved & formatted by us.
list of 19 niche customized diet groups
*multiple allergies*diabetesceliac / gluten-free
advertisingpackaged foods
advertisingpackaged foodsyearly subscription for customized cookbook
advertisingpackaged foods
broadcastingblogssocial media / ads
broadcastingblogssocial media / adshealth authorities
Startup Costs Revenue Sources Explored
FINANCIALS
New business registration: $40Name registration: $30Server costs/year: $60
Marketing costs for Facebook: opt.1: $30/day -27,000 followers / 6 mo.opt.2: $5/day - 4,500 followers / 6 mo.
Web/app/design development: $0
Min.Total: $1030.00 / 6 mo.
Initial AdvertisingLogo-only on main page: $90/mo.In-recipe recommendation links: $90/mo.
Initial ProductsCommissions on brand sales: $n/a
Min.Total: $1080.00 / 6 mo.
start with traffic
MARKET SEGMENT & CHANNELS
MultipleAllergies39 mil. people
Diabetes26 mil. people
Gluten-free& Celiac
3+ mil. people
Versions 1
Social mediaHosted links
2Google
Broadcasting
3-4Health authorities
BlogsTotal: 68+ million people (USA/CAN)
ASSESSMENT OF PROGRESS
Other:Andres Wanner: Interaction DesignBryan Ottho: Software DevelopmentShawn Taylor: Food Photography/ Chef / Startups
title searchallergy data inputsubstitutions
Version 2 Version 3 Version 4user loginsaccount profilesfavouritesrestriction searchethnicity preferences
upload recipesmeal planner
social mediaordering cart
JUNE 22
Version 1
JULY 20 AUGUST 10 SEPTEMBER 1
our timeline. in the oven.
Packaged goodsSpecialty producepublished cookbooks at Chaptersdesigner apronshard-to-find kitchen products
NEW HYPOTHESES
ASSESSMENT OF PROGRESS
exploring monetization
featured brand recipeshost food photography profilesonline dietetics consultinginexpensive mobile app
products other
social mediaordering cart
“I’m eagerly awaiting the website btw, my self training program starts in 2 weeks, going vegan too!” - Dom Inic
CREDIBLE VISION OF SUCCESS
“I enjoyed our spontaneous, delightful conversation...Thanks for considering me as a potential member of your developer community for the recipe website.
I would definitely consider it.- Kelly Douglas
It’s a great idea. I wish I had thought of it. -Fannie Smith (family with allergies, Vancouver)