FounderSchoolPitchDeck
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Transcript of FounderSchoolPitchDeck
- 1. ShoppinPal Pitch Deck
2. Vision Be the worlds favorite way to shop on-the-go!
Simply put, our vision is to be consumersfavorite way to shop at
stores all over the world.
We aspire to become the buyers best friend by providing an
intuitive end-to-end mobile shopping solution.
We also aim to be the preferred in-store mobile commerce solution
for retailers, helping them achieve higher operational efficiency,
topline, and margins.
3. The Unmet Need
Shoppers pain points
Time wasted for buyers with in-store staff for product inquiries
and waiting in line.
Buyers want more convenience, speed, & control in their
shopping experience: Get the right product at the right price and
place.
Dissatisfaction with loyalty programs -- cumbersome signup process,
lack of good incentives, and one-size-fits-all pricing.
Unwanted paper(receipts) and plastic(cards).
Retailers pain points
Retailers are facing tremendous top & bottom line pressures due
to increasing uptake of ecommerce, and consumershigher propensity
to save after the recent economic downturn.
Inventory management ensuring customers get what they want, while
ensuring that stores dont lose money due to excess inventory.
Limited analytics around customer behavior, acquisition, churn
rates, and shopping patterns.
Low adoption rates for loyalty programs and private label store
cards.
4. > $10Btotal addressable market
Our target segments
- Retailers: Department Stores (e.g. Macys, Kohls, Nordstrom, Williams Sonoma), Apparel, Groceries, Sporting Goods, Electronics
5. Buyers: The initial target buyer segment is the young (18 34
age group) smartphone carrying population in the in major US
cities. Addressable market and revenue estimates
- Total current revenue for the retailer stores/categories mentioned above is over $100 billion.
6. If we assume that 10% of the total shopping revenue eventually flows through our product, the addressable market in the US alone is $10 billion. 7. If we take a conservative estimate of charging merchants 0.5% per transaction, our potential revenue by 2015 is $100 million. Please see the financials slide for detailed estimates and assumptions.