FunkySwap pitchdeck
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Funkyswap is a platform, for swapping „funky stuffs” without money. Powered by gamification and surprise. „The Hyperloop of bartering”
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Transcript of FunkySwap pitchdeck
Funkyswap is a platform, for swapping „funky stuffs” without money. Powered by gamification and surprise.
„The Hyperloop of bartering”
Who we are?
Ferenc FADDI– The network evangelist Founder and former CEO of FM Group Hungary (parfume and households retail avg turnover: 4M$) He IS Fred Astaire, without a doubt. Passionate networker, thai box expert and a consecrated priest. Put this together!
Ildikó BÓNA– The babysitter Co-Founder and former CEO of FM Group Austria She dances like Ginger Rogers, and she is an award winner referee in dogfighting between Diesel and Dennis. She supplies the team with food, good words, and always proctects us, sometimes even from ourselves.
Ádám VAJDICS – The hustler Founder and former CEO of USP Media (media planning and buying avg turnover: 3M$) Father of a karate-kid, she needs that skill to protect her LEGO bricks from daddy. Adam lives according to EasternTime in Budapest, so it wouldn’t be a problem for him to work in the States. He’s able to sell sand in the desert.
People possess a plenty of useless goods, which can be valuable for others. They use auction or classified ad sites rarely because it is considered cumbersome and believe they are able to sell mostly at below cost.
They would swap it for goods they really need, BUT: Traditional barter sites are too local and hard to find a good deal. The goods’ valuation is often unrealistic in both ways. It’s difficult to meet the demand and supply. Win-win is rare as a white crow. Moreover browsing is sooo boring!!!
Problem
THE PLATFORM WHERE PEOPLE CAN SWAP THEIR GOODS FOR
SOMETHING THAT IS USEFUL OR INTERESTING AND VALUABLE FOR THEM.
A FUNNY WAY OF THIRD-PARTY BARTERING
WITHOUT INNER CURRENCY AND BROWSING FOR HOURS AMONG TONS OF IDLE TRIPE.
Solution
Validation
Source: own flash survey n: 400+ Basis TG Hungary 18-49 ESOMAR ABC1
74% 85% 95%
Possess needless and unsold stuffs,
50% of it is in 100$-500$ value range.
Would give it away to unknown fellows. If they can grab sg
useful in equal value range.
Would pay for extra features, if the swap and the stuff is funky.
The Painkiller ingredients
COMMUNITY Community pre-valuation means high quality items and item profiles Security Dealing worldwide
SPEED Third-party bartering without inner currency Clear-cut platform Advantage of the geographic and cultural differences
GAMIFICATION
Excitement Multi table game Development opportunity
The Painkiller – Gamify it!
Sit
• Take place at a table • Cool items are appearing
according to interest.
Mark • Mark the items, you are
interested in.
Grab • Grab the MUST HAVE one or
release it within 5 minutes.
We make money by
FScoin purchase Users can mine or purchase FScoins. They can use it for: Pay the fix transaction Fees Buying extra features NOT for buying stuffs from other fellows
Business Accounts Business partners can offer stuffs as well. Their benefit is the customer feedback.
ADS Partners can run several types of campaigns.
How we get customers?
1. Social network activity
2. Crowdfunding campaign
3. Viral video 4. SEO and affiliate
WOM
Competitors
Low QualityUX
Easy to Use
Cumbersome
High Quality UX
Target market
active eBay user
active non corporate eBay user
500,000 active user in 2 years
10,000 user (early
adopters)
TAM: 112,3M SAM: 61,7M SOM: 500K active user within 2 years Early Adopters: 10K
Estimated revenue
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5 000 000
10 000 000
15 000 000
20 000 000
25 000 000
30 000 000
35 000 000
40 000 000
45 000 000
Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
No. of Users Net income estimate in $
7,3% share from Served Available Market and 78,3M USD yearly revenue within 3 years. Breakeven point within 1,5 years.
Needs AAAA+
Accelerate Advice Acquire Achieve
Early stage fundraising. 100K USD
EG: How to launch a successful crowdfunding campaign.
A Hacker ASAP.
The round „A”and go further.
RECONSIDERING THIRD-PARTY BARTERING POWERED BY GAMIFICATION!
HIGH QUALITY USER EXPERIENCE COMBINED WITH EASE OF USE!
AT LEAST 3 POINTS OF SALES!
USEFUL, INTERESTING, VALUABLE, FUNKY!!!
