Rideorama Investor Presentation v9.pdf
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Transcript of Rideorama Investor Presentation v9.pdf
The Problem
2
It’s a pain getting to the airport
Consumers choose between the least painful of terrible options
The Solution
4
Rideorama matches drivers going to and from the
airport with passengers using three features
– The Matching Marketplace
– The Ridesharer Profiles
– The Payment Platform
Drivers get paid
Passengers get cheap, direct travel
Rideorama is a ridesharing community focused on airport ground access
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1200
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2000 2002 2004 2006 2008 2010
1. Research and Innovative Technology Administration (RITA) Air Carrier Statistics, Rideorama Analysis 2. Report 62, TCRP Report 83, Rideorama Analysis
There were over 1.4B trips to
and from US airports in 2010
73% of US airport transit
done by car
Most Drive Alone
in m
illio
ns
of tr
ips
Market
Airport ground access is a $20B unexploited opportunity for ridesharing
73.0%
9.8% 3.7% 2.7% 3.1%
7.7%
0.0%
20.0%
40.0%
60.0%
80.0%
Private &Rental Cars
Taxicabs/Town cars
CharterBuses/
PrearrangedLimos
Shared RideVans
Express Bus Other
1. TCRP Report 62, Rideorama Analysis
High
Passenger Level of Service
Low
Low
High
Pri
ce
Competition
Rideorama faces real world incumbent and potential online competition
Online competition focused on general ridesharing not airports
Casey George - CEO
Columbia University – MBA Finance
UBS, 3M
Ovo Dibie - CTO
CU Boulder – PhD Candidate Comp Sci
Apple, CU Research Assistant
Kamal Sabi - Community Manager
CU Boulder – MS Electrical Engineering
CH2M Hill, CU Research Assistant
Abdoul Gobitaka - Community Manager
Baruch College – BBA Finance
Morgan Stanley, Cab Driver
Team
2013 2012
iOS App
Route Based
Matching
Android App
Fort
Collins Boulder
Seattle
Phoenix
Interface Optimization
Geo-fenced Push
Notifications
Route Based
Matching
Greater
Colorado
Rideorama Beta Rideorama v1
Further
Cities
Gamification
Gamification
Market and Product Roadmap
Mobile product will assist geographic expansion
Market
Mobile Platform
Web Platform
Financial Summary
10
Rideorama will breakeven in 18 months with its transaction based revenue model
20% Transaction Fee
For Drivers
Ridesharers Set
Prices
2012 2013 2014 2015
Revenue $32 $525 $3,511 $11,959
Expenses $204 $793 $1,473 $3,368
Headcount 4 8 14 20
Markets 1 8 24 50
$0
$2,000
$4,000
$6,000
$8,000
$10,000
$12,000
In t
ho
usa
nd
s o
f d
olla
rs
The Ask
11
Seeking $600,000 for the next year of operations
– Develop of mobile platform
– Improve web application
– Hire additional engineers
– Expand marketing within Colorado
– Enter a new market
Investment will fund 12 months of Rideorama operations