Company NameHow much are you raisingCity, CountryEmailNameWebsiteWhat are you valuing your company atIn 50 words describe what you doWhy will customers use you? Why not someone else?Current cash positionMonthly cash spendMonthly Sales or MRRExplain your use of fundsHow much runway time does that give you to any further raise?What is your USP (Unique Selling Point)What funds have you raised ?ProductBusinessWe have a Hardware componentHow many FTE are youIs anyone drawing a SalaryWill anyone with more than 5% of the company be paid a salary from the funds being raised - how muchWhen IncorporatedLast Year RevenueWho are your competitiorsDefine what your 'poster child' customer looks likeIs sales direct, VAR, OEM or Online advertisingAverage net $value of a sale to youIs that Transaction of Lifetime ValueWhat is the Customer Acquisition CostTell us more about how you have modelled that cost of acquisitionHow are you generating salesGDPR AgreementParagraph Text
HummingbirdEV$15 millionLIVERMORErakesh.koneru@hummingbirdevusa.comRakesh Koneruhttps://www.hummingev.com/$100 millionA zero emission commercial vehicle technology startup building electric trucks for end and mid mile deliveries.A vertically integrated platform, light on CAPEX model enabling full stack control over vehicles produced enabling different market entries at different economies of scale thus reducing cost of vehicles and building right trucks for all use cases. Unique revenue models enabling sale of trucks to final customers, sale of our skateboard architecture to OEM's (white labeling) and selling individuals aspects of our systems (chassis, batteries, EVSE & powertrains)Closing a convertible note of $2.5 million$300,000Pre-Revenue. However over the past 5 years we achieved over $16.6 million in revenue and company is shifting it's business towards a rapid growth phase.. Scaling the team & branding
. Scaling the production
. Certifications
. Achieving sales9 monthsVertically integrated technology from Hardware to software.over $5mWe have Minimum Viable Product and are ready to sell to early customersWe have revenue from businesses where we have personal connections, but not from virgin field customer acquisitionHave a Hardware component15Yes - everyone is being paid somethingYes about $800k2015$1 millionREE auto, Motiv, Workhorse & XOSE-commerce, Service, Food & BeverageDirect sales, dealershipsPurpose built vehicles will cost between $150,000-$300,000/vehicle soldTransaction$2 millionFrom initial customer engagement, brand positioning, demonstration, certifications to achieving a sale to account of a minimum $10 million/customer (CLV).Currently via direct sales to customers & Truck As A Service model (TAAS).I consent to having this website store my submitted information so they can respond to my inquiry.
Ckai srl60 000 to 150 000Bruxelles, Belgiumabdourahmanboumaya@gmail.comAbdourahman Boumayahttps://lora-learning.com/We are developing two virtual reality (VR) video games. One of our projects, Lora VR, is already available as a prototype in the Sidequest store. It is an innovative game designed to make language learning fun. Several schools have already validated the concept of Lora VR, highlighting its educational potential. And the other one is an VR MMORPG for whom we already created a PC VR Build and had a community to test it (we are running a discord community for testing and marketing purpose)Lora VR : Customers will choose us because our VR application offer a unique gamified and immersive way to learn languages not found in traditional apps.
Azraq: Customers will choose Azraq because current VR MMORPGs have failed to meet their expectations, leaving players bored and dissatisfied. Azraq fills this gap by offering an exciting, sandbox-style, social, and competitive MMORPG where there is always something to do, encouraging players to return regularly.40008000We will add payment system in Lora VR, and prepare and run Kickstarter for Azraq.if we raise 60 000 it leaves us 2 months and half, if we raise 150 000 it leaves us 6 monthsLora = immersive and gamified learning way / Azraq : capturing the very essence of an MMORPG, with its social aspect, its dynamic aspect, its competitive and challenging aspect, and its retention aspect.Under $100,000We have Minimum Viable Product and are ready to sell to early customersWe are pre revenueDo not have a Hardware component2Only others take a salaryI will be taking a salary of 2O00€, because I actually don't take any salary and invest everything I get from my digital marketing services into this project.60 000I will send you my pitch deck by email with it18-35 yo who loves immersive gaming experiencesSales are direct and through online advertising104€Transaction19€1. Organic Acquisitions (social media, word-of-mouth, SEO):
- Percentage: Approximately 20% of acquisitions
- Average Cost: €0 (organic)
2. Paid Advertising (social media, Google Ads, etc.):
- Percentage: Approximately 50% of acquisitions
- Average Cost: €20 per acquisition on average
3. Influencer Marketing:
- Percentage: Approximately 15% of acquisitions
- Average Cost: €50 per acquisition on average
4. Referral Contests and Giveaways (Discord, etc.):
- Percentage: Approximately 15% of acquisitions
- Average Cost: €10 per acquisition on average
Calculations:
1. Organic Acquisitions: 0€×0.20=0€
2. Paid Advertising: 20€×0.50=10€
3. Influencer Marketing: 50€×0.15=7.5€
4. Referral Contests and Giveaways: 10€×0.15=1.5€
ps : The costs have been made bigger, but in reality, we have already tested the effective Digital Marketing strategy to implement, and 70% of it will be through giveaways and contests with an acquisition cost of €3 per new player.Answered have been made in the question on top of this oneI consent to having this website store my submitted information so they can respond to my inquiry.
BookWatch2000000Nicosia, Cyprusmiran@bookwatch.comMiran Antamianhttps://bookwatch.com/13000000We use AI to create animated book summaries for visual learners.We are the only one's that have books in video format for visual learners.700001000We want to scale our paid advertising efforts and optimize all the funnels and the product24 monthsWe are building the first visual library.Under $100,000We have a functioning, and saleable productWe have sales to clients who have been found thu the expected customer acquisition processDo not have a Hardware component3Yes - everyone is being paid somethingYes 1000-2500 EUR.2023100000Headway and Blinkist in text and audio format onlyEntrepreneur & visual learner who want to learnPaid ads (facebook, Tiktok, Google)89$/yearValue in the first year70$We are doing facebook/tiktok ads and breaking even in the first annual subscription purchase. We pay 70$ and get 89$ but have to pay 15% in apple app store fees so we are breaking even in the first year and then the renewals will be profit.With facebook and tiktok ads but we have organic channels too like youtube (33.000 subscribers) and tiktok (48.000 followers).I consent to having this website store my submitted information so they can respond to my inquiry.
Permutable AI£5 millionLondontalya@permutable.aiTalya Stonehttps://www.permutable.ai£15m (pre-money)Permutable AI is an award-winning AI fintech start-up that specializes in data intelligence and systematic trading services. We track global physical events, economic data, and geopolitical risks, providing real-time innovative insights and solutions for automated investment analysis and trading systems, with active partnerships and ongoing development of advanced AI technologies.Customers will choose us for our cutting-edge AI solutions and team of talented specialists. Our advanced trading systems, recognised among the top 100 global AI fintech startups, and strategic partnerships with industry leaders ensure superior data intelligence and automation. In addition, we offer bespoke AI transformation services that empower organisations to leverage AI for informed decision-making and competitive advantage, positioning us as the preferred choice for businesses aiming to stay ahead in a dynamic market landscape.£250,000"40000* Build out team
* Local server infrastructure, GPUs, databases
* 2 years runway2 years* Live and complete LLM based trading system built, * Complete News Data Moat (last 5 years), * Strong talent pool$100,000 to $1mWe have Minimum Viable Product and are ready to sell to early customersWe have sales to clients who have been found thu the expected customer acquisition processDo not have a Hardware component7Yes - everyone is being paid somethingThrough funding, everyone with significant share holding will be paid 75% of market rate.2020£500,000Causalens, Reprisk, Signal.ai, Interos.aiAsset manager with weak technology presenceOEM and sales direct70%Transaction£10,000We conducted a detailed cost breakdown and Customer Lifetime Value analysis. The cost breakdown involved aggregating all marketing and sales expenses, including advertising, salaries, software tools, and overheads, to get a clear picture of total expenditures per customer. Additionally, we calculated the CLV to ensure the CAC is sustainable, analysing long-term revenue generated from each customer. This thorough approach ensures that the £10,000 spent on acquiring a customer is justified by the substantial revenue they generate over time.Direct network and oureach.I consent to having this website store my submitted information so they can respond to my inquiry.
Sagittal2m USD / 1.6m GBPLondon, UKmichael@sagittal.aiMichael Smithsagittal.ai8m USD preSagittal brings AI to humans. Our product, Neo, automates the entire software development lifecycle - not just code - using existing tools and ways of working: no migration, copy/paste, or new UI.Our product, Neo, brings AI into the teams’ tools and processes. Neo is assigned work from the tools, reads context from across the tools, completes the work then puts the results directly back into the tools, and learns and follows the team’s processes - just like an existing team member.
Neo has a unique approach - there’s
- no change to the teams’ processes & tools,
- no migration,
- no copy/paste with chatbots,
- no prompting,
- and no new UI.
There are a ton of companies already out there that do ‘pointwise’ solutions like generating code, UI to code, product requirements, diagrams, etc.… with Neo’s approach, these are simple use cases, some of which we’ve implemented in a DAY.
So we are building non-gimmicky, very practical AI for software development teams, not only for when teams fire up an IDE.3 months runway. But after this raise, have enough committed for 15 months.currently about 35k GBP. Will full hiring, 50k GBPEngineering and marketing to build the product and get us to about 500k ARRtotal of 17 months (given we're already burning)Ease of trialability, reliable enterprise-focused solutions, and we serve the entire team especially the leadership (delivery functions like Product/Project managers and Tech Leads). Also we can perform function done by other "single purpose" AI solutions, all in the existing tools.$1m to $5mWe have a prototypeWe are pre revenueDo not have a Hardware component6Yes - everyone is being paid somethingYes, the 2 founders are paid 120k GBP. They are very senior and have dependents and mortgages.2023n/aMagic.dev, Devin, Ellipsis, Sweep.dev, Factory.ai>200 engineers, big processes, large enterprisedirect, although we're going to try PLG firsttbd, but likely USD 10000+/year/teamValue in the first yearUnknown. If PLG works as planned, should be low. This is why our design so emphasizes trialability!We are modeling this off of early discussions with perfect potential customers and our existing design partners. The offer is extremely compelling for people to try given the existing mechanism of usage - our waitlist is very strong and almost every target customer we talk to wants to give it a try!FoundersI consent to having this website store my submitted information so they can respond to my inquiry.
Costmatic Inc300000Newark, USAdim@costmatic.coDimitar Hadzhiradevhttps://www.costmatic.co2000000 USDCostmatic is developing a cutting-edge SaaS platform that empowers businesses to optimize their cloud spending and maximize profitability. Our innovative solution leverages AI-driven analytics to identify cost-saving opportunities and streamline cloud infrastructure management. With our platform, businesses can efficiently manage their cloud resources, reduce wasted spend, and drive sustainable growth via reducing energy consumption and lowering carbon footprint.Customers will choose Costmatic because we offer an unmatched combination of advanced cost optimization algorithms, real-time insights, and automated recommendations. Our user-friendly platform makes it easy to identify and act on cost-saving opportunities, delivering significant savings and enhanced operational efficiency. Additionally, our comprehensive reporting and seamless integration with existing cloud infrastructure set us apart from competitors, ensuring customers gain the most value from their cloud investments.
FOR B2B
Direct Cost Savings: By identifying and eliminating unused resources, optimizing resource allocation, and leveraging cost-effective pricing models, Costmatic can reduce cloud expenses by a significant percentage, often covering the subscription cost many times over.
Enhanced Budget Control: Real-time insights and detailed cost analysis help businesses manage and forecast their cloud spending more accurately, reducing unexpected costs and improving financial planning.
Operational Efficiency: Automated recommendations and optimizations free up IT and DevOps teams from manual cost management tasks, allowing them to focus on strategic initiatives that drive business growth.7500almost 0, we got credits from all top cloud providersWe need to expand our product for enterprise-grade-50%, 30% - marketing, 20%- operation12Costmatic uniquely combines advanced cost optimization algorithms with intuitive user interfaces, enabling businesses to seamlessly reduce cloud expenses while maximizing efficiency. Our platform offers real-time insights, automated recommendations, and comprehensive reporting, ensuring significant savings and streamlined cloud management. Experience unmatched cost control and operational agility with Costmatic.We have raised less than $10,000We have Minimum Viable Product and are ready to sell to early customersWe are pre revenueDo not have a Hardware component2No one gets a salaryCEO - 3000 USD per month20240CloudCheckr, CloudHealth, ParkMyCloudMid to large-sized enterprises technology, financeDirect Sales Target Customers: Mid to large-sized enterprises with significant cloud expenditures. Sales Approach: Dedicated Sales Team: Employ a team of sales professionals with expertise in cloud cost optimization who can directly reach out to potential customers. Account-Based Marketing (ABM): Focus on personalized marketing and sales efforts targeting specific high-value accounts. Consultative Selling: Engage in in-depth consultations to understand each prospect’s unique cloud environment and cost challenges, offering tailored solutions. Customer Success Managers: Post-sales support to ensure customers are effectively using the platform and realizing savings, leading to renewals and upsell opportunities. VAR (Value-Added Reseller) Partnerships Target Partners: Established cloud service providers, IT consultancies, and managed service providers (MSPs) that already have relationships with potential customers. Sales Approach: Partnership Programs: Develop and manage VAR programs that offer training, resources, and incentives for partners to sell Costmatic solutions. Co-Marketing Activities: Collaborate with partners on joint marketing efforts such as webinars, white papers, and case studies. Integration with Partner Services: Ensure that Costmatic’s offerings can be seamlessly integrated into the partner’s existing service portfolio, providing additional value to their customers. Online Advertising Target Audience: IT decision-makers, cloud architects, and finance managers responsible for cloud budgets. Sales Approach: Content Marketing: Create valuable content such as blogs, eBooks, and videos that address common cloud cost challenges and showcase Costmatic’s expertise. Search Engine Marketing (SEM): Invest in paid search advertising to capture leads from individuals actively searching for cloud cost optimization solutions. Social Media Advertising: Use targeted ads on platforms like LinkedIn, Twitter, and Facebook to reach decision-makers in relevant industries. Retargeting Campaigns: Implement retargeting ads to engage visitors who have previously interacted with Costmatic’s website or content but did not convert. Email Marketing: Utilize email campaigns to nurture leads generated from online activities, guiding them through the sales funnel.Percentage of guaranteed savings - 25%Value in the first year500$1. Direct Sales
Budget Allocation: $4,000
Salaries and Benefits: $3,000
Hire part-time sales representatives and offer performance-based compensation.
Sales Tools and CRM: $500
Use cost-effective and open-source CRM solutions.
Travel and Accommodation: $200
Limit travel by utilizing virtual meetings and online demos.
ABM Campaigns: $300
Focus on highly targeted and cost-effective ABM strategies.
2. VAR (Value-Added Reseller) Partnerships
Budget Allocation: $2,000
Program Development and Management: $500
Simplify partnership programs and manage them internally.
Training and Certification: $300
Provide online training and certification to reduce costs.
Co-Marketing Activities: $700
Leverage co-branded digital content and webinars.
Partner Commissions: $500
Offer modest commissions or incentives for partners.
3. Online Advertising
Budget Allocation: $4,000
Content Creation: $1,000
Focus on high-impact content such as blog posts, infographics, and videos.
Paid Search Advertising: $1,500
Optimize Google Ads and Bing Ads for high-conversion keywords.
Social Media Advertising: $700
Target ads on platforms with the highest ROI, such as LinkedIn for B2B.
Retargeting Campaigns: $300
Use retargeting to reach website visitors and increase conversion rates.
Email Marketing: $300
Use cost-effective email marketing tools and personalized campaigns.
Marketing Automation Tools: $200
20 clients per month
CAC= 10,000/20 =500
This is based on simulations and similar industry sales costs.To effectively generate sales for Costmatic, we implement a multi-faceted approach leveraging various channels and strategies tailored to reach and engage our target market:
Direct Sales:
Sales Team: A dedicated team of sales representatives actively reaches out to potential B2B customers through cold calls, emails, and networking events.
Account Managers: Focus on nurturing relationships with key accounts, providing personalized solutions and ensuring customer satisfaction.
VAR (Value-Added Resellers):
Partnerships: Collaborate with resellers who can offer Costmatic’s solutions as part of their service offerings, providing additional value to their customers.
Training and Support: Equip VAR partners with the necessary tools, training, and support to effectively sell and implement Costmatic’s solutions.
OEM (Original Equipment Manufacturer):
Integration: Partner with OEMs to integrate Costmatic’s technology into their hardware or software products, offering a bundled solution to end customers.
Co-Marketing: Joint marketing initiatives with OEM partners to promote the integrated solution to their existing customer base.
Online Advertising:
Search Engine Marketing (SEM): Utilize paid search ads to target potential customers actively searching for cloud cost optimization solutions.
Social Media Advertising: Leverage platforms like LinkedIn, Twitter, and Facebook to reach decision-makers and IT professionals in relevant industries.
Content Marketing: Create and distribute valuable content, such as whitepapers, case studies, and blog posts, to attract and engage potential customers.
Inbound Marketing:
SEO (Search Engine Optimization): Optimize the Costmatic website and content to rank higher in search engine results, attracting organic traffic.
Lead Magnets: Offer free tools, trials, and resources to capture leads and nurture them through automated email campaigns.
Events and Webinars:
Industry Conferences: Participate in relevant industry conferences and trade shows to showcase Costmatic’s solutions and network with potential customers.
Webinars: Host educational webinars to demonstrate the value of Costmatic’s offerings and address common pain points in cloud cost management.
Customer Referrals:
Referral Program: Encourage existing satisfied customers to refer new clients by offering incentives such as discounts, credits, or monetary rewards.I consent to having this website store my submitted information so they can respond to my inquiry.
Swipeable.ai1 million euro depend. on feat.Amsterdamhello@swipeable.aiTorben Raunswipeable.ai10million postmoneyWe are looking for a SAFE note investment hence no need for a valuation at this stage. Swipeable is a hightech audio visual white label publication format. A website working like an app. Mar-com with E-com options. Letting brands design with Ai and consumers enjoy interactive personalised (advertising) content.Swipeable (not available elsewhere) is for Marketing commerce tools what the I-phone was for phones - an experience. Multiple usages securing more turnover: also in its simplest form it will be able to serve brands and designers worldwide as a high tech mobile content presentation/sales tool/catalogue/content advertising magazine or swipeable video magazine or can even function as a company website.
No option for smaller SMEs to build a similar tool. Costwise & Securitywise SaaS is the most viable and the future. Past are static non changeable pdf files. Sold out/deleted-items changes are made globally by the press of a button. Apps are costly, need different code base on different platforms and is dependent on App and Play store and people going there to download them. While our web app tool can also/even be added to app stores we can be accessed from anywhere on any device globally. Most importantly Swipeable.Ai is a new step in the customer journey. Enabling brands to become independent of big tech and Meta advertising while harvesting crucial first party data and integrating their webshops for direct sales.00pre-seed for bootstrapped coded prototype to global SaaS platform, w int. brands pipelined18monthsnew unique format and step in the customer journey, filling in a proved market gap/need within Mar-com/E-com/Media tech giving brands a real usage for generative AiUnder $100,000We have a prototypeWe are pre revenueDo not have a Hardware component3No one gets a salaryBoth founders and the tech lead (stock option) basic salarystill to incorporate, privately owned IP0inferior scrollable formats like foleon.comAny company globally dependent on sales visualsDirect sales, Online Marketing0TransactionNo figures yet, we know brands are actively looking for new digital sales tools. We also know Cost of customer acquisition (CAC) matters now more than ever, research shows: brands are losing around $29 for each new client. Cost of acquiring customers has increased by 60%. With our tool brands can get their own (web)app for 99 euros a month instead of paying 50-100kWe would like to explain our financial goal: Swipeable.Ai is a Low Risc Investment earned back by serving just 842 clients @99€ monthly 1 year.
6months goal launch of most basic product for the largest client group. 1 year goal 1000 clients globally. 3 year goal 50K clients generating approx. 60Million turnoverDirect sales, Online Marketing, Word of Mouth, Branded fremium Publications, NGO sponsorships creating global PRI consent to having this website store my submitted information so they can respond to my inquiry.
Swipeable.ai1 million euro depend. on feat.Amsterdamhello@swipeable.aiTorben Raunswipeable.ai10million postmoneyWe are looking for a SAFE note investment hence no need for a valuation at this stage. Swipeable is a hightech audio visual white label publication format. A website working like an app. Mar-com with E-com options. Letting brands design with Ai and consumers enjoy interactive personalised (advertising) content.Swipeable (not available elsewhere) is for Marketing commerce tools what the I-phone was for phones - an experience. Multiple usages securing more turnover: also in its simplest form it will be able to serve brands and designers worldwide as a high tech mobile content presentation/sales tool/catalogue/content advertising magazine or swipeable video magazine or can even function as a company website.
No option for smaller SMEs to build a similar tool. Costwise & Securitywise SaaS is the most viable and the future. Past are static non changeable pdf files. Sold out/deleted-items changes are made globally by the press of a button. Apps are costly, need different code base on different platforms and is dependent on App and Play store and people going there to download them. While our web app tool can also/even be added to app stores we can be accessed from anywhere on any device globally. Most importantly Swipeable.Ai is a new step in the customer journey. Enabling brands to become independent of big tech and Meta advertising while harvesting crucial first party data and integrating their webshops for direct sales.00pre-seed for bootstrapped coded prototype to global SaaS platform, w int. brands pipelined18monthsnew unique format and step in the customer journey, filling in a proved market gap/need within Mar-com/E-com/Media tech giving brands a real usage for generative AiUnder $100,000We have a prototypeWe are pre revenueDo not have a Hardware component3No one gets a salaryBoth founders and the tech lead (stock option) basic salarystill to incorporate, privately owned IP0inferior scrollable formats like foleon.comAny company globally dependent on sales visualsDirect sales, Online Marketing0TransactionNo figures yet, we know brands are actively looking for new digital sales tools. We also know Cost of customer acquisition (CAC) matters now more than ever, research shows: brands are losing around $29 for each new client. Cost of acquiring customers has increased by 60%. With our tool brands can get their own (web)app for 99 euros a month instead of paying 50-100kWe would like to explain our financial goal: Swipeable.Ai is a Low Risc Investment earned back by serving just 842 clients @99€ monthly 1 year.
6months goal launch of most basic product for the largest client group. 1 year goal 1000 clients globally. 3 year goal 50K clients generating approx. 60Million turnoverDirect sales, Online Marketing, Word of Mouth, Branded fremium Publications, NGO sponsorships creating global PRI consent to having this website store my submitted information so they can respond to my inquiry.
Core Aviation&Aerospace Solutions750,000London, UKk.aydemir@coreaviationaerospace.comKerem Aydemirhttps://costpilot.ai7.5 millionAligning engine flight data with the maintenance contract terms to increase the risk premium revenueWe have been managing these contracts manually for a decade, as how everyone does in aviation. Using our expertise in the field and building AI models, we will improve the process by implementing AI to enhance the process rather than doing it manuallyDevelopment costs, marketing, raising company brand profile, patenting fees18 monthsImplementing custom-tailored AI models for the contract rather than doing it manuallyWe have raised less than $10,000We have Minimum Viable Product and are ready to sell to early customersWe are pre revenueDo not have a Hardware component2Only I take oneNo (except myself as the founder and CEO)30.10.201980,000Other aviation asset management companiesGE, Rolls Royce, P&W, CFM, IAEDirect sales6,000,000Value in the first year50,000Aviation asset management have unique ecosystem where trust is paramount in getting customers. We need to raise the company's profile through targeted marketing and attend key aviation finance events to connect and acquire key stakeholders within these companies. The figure above represents the marketing and brand building budget that needs to be spend per customer. We expect this figure to drop drastically after the initial customer.The product is for a contract type called 'PBH'. As with any contract there are two sides, the buyer and the seller. We have built CostPilot AI for airlines (buyer) and now with the proper funding we want to build it for OEMs (seller) as this is where the true value waits.I consent to having this website store my submitted information so they can respond to my inquiry.
Datapher AI Limited£1,000,000London, Englandsinghal@datapher.aiRoma Singhalwww.datapher.ai£5,000,000Datapher AI’s AI Investment Analyst - Odin - is a 24X7 analyst for investment professionals at one-tenth of the cost. It helps them make better decisions by enabling them to focus on value generating cognitive tasks. By automating manual tasks such as gleaning insights from different data sources, data gathering/cleaning/analysis/visualisation and risk/performance reporting, Odin saves thirty percent of a professional’s time and allows them to delve into intellectually stimulating tasks that linger on their to-do list due to time and resource constraints.The current set of tools just regurgitate and summarise information which is not very useful to the customer. Our proprietary technologies such as self-learning knowledge graph, response reliability score generator and continuous user preference learning enables us to provide contextual insights rather just summarisationOver 60% of the funds for product development and 20% for Sales & Marketing6 monthsProprietary self-learning knowledge graph,$100,000 to $1mWe are still building our MVPWe are pre revenueDo not have a Hardware component3No one gets a salaryCEO, Mitesh Tank
CBO , Roma Singhal
CTO, ENzo Vicidomni
the founders will be taking a minimum token salary (for the foreseeable future) once the MVP is out in the market29.02.2024£0Fintool
Finchat
Arkifi
FinpilotEquities Portfolio Manager at a Tier 2 Hedge FundDirect£5,000 from each sale (ARR target of £120m)Transaction£2,015Our CAC starts from £2.015 and drastically comes down to £518 in H2 2025. We have factored in the cost of:
Sales & Marketing tools
Salaries & commissions of sales professionals
Sponsorship of industry events
Attendance at industry conference
Cost of marketing and distrubution such as LinkedIn
FTE Management Salary for the first year only
Travel and client outreach expenses
Incidentals for sales & marketing professionals (IT, phones etc.)
Overheads (T&E)
The potential increase of these costs in susbequent years has also been taken into considerationLeveraging founder's networks in the US & UK alongwith our advisors' networks. thsi would eventually expand to our sales and marketing campaigns targetting our ideal customer profile.I consent to having this website store my submitted information so they can respond to my inquiry.
Presso Media UK Limited£700,000London, United Kingdomritchie@presshop.co.ukRitchie Nhttps://www.presshop.co.uk£5 MnPRESSHOP is an advanced content-tech platform, that directly connects millions of people with the press.
Through PRESSHOP, smart-phone users can now capture content (pics, videos, scans, recordings and stories) they witness in their everyday lives , and anonymously sell their content directly to the press for an agreed price
Additionally, similar to other gig-economy tech platforms like Uber, Deliveroo, etc, publications can now broadcast tasks directly to our registered users, and source local content instantly.
We believe, that PRESSHOP will change the way content is sourced by local, national & global publications, and monetised by millions of peoplePrimarily, while there are 3 competitors in the USA and the UK, there is a large scope to take this marketplace and app global. Only Stringr USA has developed an app and marketplace platform, similar to PRESSHOP but is aimed mainly for journalists and professionals. The other two businesses only have a website and have not yet properly leveraged on technology.
Our model is to connect everyday people directly with the British and world-wide press, thereby allowing millions of smart-phone users to upload, and discreetly sell content (pics, videos, recordings, and scans) they witness in their neighbourhood, workplace, communities, etc in a complete safe and secured manner. We have met with and interacted with hundreds of potential users and everyone bar none have said that they would feel comfortable and happy to use a discreet app to connect with the press.Product - 41k
Legal costs - 17.5k
Payroll - 319k
Marketing - 139k
Other costs- 279kThese costs are factored till our next Seed Round of £3mn in March 2024Only app to connect 6.92 Bn people directly and discreetly with 21,000 publications globally. We have already secured two of the largest British publications who have really appreciated our tech platform and what we aim to do with it$100,000 to $1mWe are still building our MVPWe are pre revenueDo not have a Hardware component2No one gets a salary20210Stringr (USA)
StringersHub (USA)
Newsflare (UK)17-60 years, lives in urban cities, and ambitiousPrimary marketing: Word-of-Mouth marketing, social media and digital marketing. Secondary marketing: Using influencers, education and leveraging with registered publications20%TransactionWe haven't quite arrived at this cost as yet. We plan to invest £57K towards marketing till we launch in London in Oct 2023, and then another £273,500 till we launch in Los Angeles in Oct 2024From our launch in London (Oct 2023) till end 2024, we will conservatively generate revenues of £5.64 Mn with a GOM (20%) of £1.12 Mn. We envisage that we will break even within 14 months ie by Dec 2024. In 2025, we will generate revenues of £82.67Mn and earn a GOM (20%) of £16.53Mn. From launch in Oct 2023 till end Dec 2023, we have factored £2.10Mn towards costs out of which £330,500 is towards marketing costs. These costs will be met from our Pre-Seed raise of £700k (August 2023) and Seed Raise of £3Mn (Mar 2024). We have a detailed P&L spreadsheet, Revenue & Cost sheets and Cash Flow working which we can share with you once we have signed the NDA.We have two business models that co-exist together. (1) Users can sell content (pics, videos, etc) on our App (on both iOS and Android) to the press either exclusively or on a syndicated (shared) basis and (2) Publications can broadcast tasks (similar to Uber and other gig-economy apps) to our users and ask them to take pics, videos and interviews of incidents, celebrities, events, shows, political rallies, etc on their smart-phones and sell it to the publications. Through PRESSHOP, we aim to democratise and disrupt how content is currently being sourced by the $1.7 Trillion news and media industry globally. Through PRESSHOP we also aim to change how everyday people start monetising content. Currently, people do not know how to monetise content and hence they upload close to ~4.2 Bn pics, videos, etc for FREE on social media platforms like Facebook, Tik-Tok, Instagram, You Tube, etc. With PRESSHOP, we aim to change the way content is sourced and effectively monetised!