PocketSights Pitch to Everyone 11-1-2015 v6
-
Upload
allen-ward -
Category
Documents
-
view
81 -
download
0
Transcript of PocketSights Pitch to Everyone 11-1-2015 v6
![Page 1: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/1.jpg)
P o c k e t S i g h t s , I n c .
Confidential Investor Presentation1
![Page 2: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/2.jpg)
Executive Summary
What We Do:• PocketSights, Inc. creates technology to boost tourism, revitalize communities, and connect prospect
students to colleges. Universities and the cities they are in. Organizations like historical societies, downtown
alliances, Art partnership, colleges and universities can partner together on PocketSights Enterprise open
app platform to create mobile guided tours that engage visitors in there area. Cities and Universities can
create their own brand application as well.
• We are focused on the $1.5 billion entertainment and educational mobile app market.
Current Status:
We are launched, with revenue, but looking to scale
Traction to date includes:
• (Quarter 1): Prototype tested and works, Beta Test Won $7,500 CNY Civic App Challenge
• (Quarter 2): Won Ford Mobility Integration Challenge $3,000,
• (Quarter 2): First Customers– Downtown Ithaca Alliance and Cornell Plantation
• (Quarter 3): PocketSights iOS App is Launched in the App Store
• (Quarter 4): Winner of Pact Wayfinding App Challenge
Currently Raising:• seed round.
• Previously won [$10,500] from AT&T, Syracuse Tech Garden, Syracuse University, SUNY Oswego,
RVD IDEA, CenterState CEO, Hack Upstate, Ford Mobility Integration, ChallengePost, University of
Pennsylvania. PACT
Team Experience
Pilot Customers/Partners
![Page 3: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/3.jpg)
Target Market: Clear gap and urgent pain in university markets with small to medium size cities are an opportunity
• Competition negligible, indirect, not well established
• Potentially large and open field
• Clear gap especially for large and medium universities and colleges in small and medium size towns
• Low market awareness
Clear Market
Gap
• Universities can’t meet tour demand due to:• Timing
• Volume
• Guide Availability
Urgent Pain
Market Opportunity
![Page 4: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/4.jpg)
Click on image or link to see vide: https://www.youtube.com/watch?v=WQ5H5dWyKpc
![Page 5: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/5.jpg)
Market segmentation for self guided tour apps
Market
University/Colleges
Business association
Historical organization/ Museums,
Arts
Tour operators/Travel agencies
5
Most Competitive
![Page 6: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/6.jpg)
Problem
The current problem is colleges and universities don’t have enough student tour guides and admissions staff to
give prospective students a tour of their campus. Colleges and universities are unable to meet the demand
turning many students away leading to loss in tuition dollars and the ability to control their marketing and
branding on what is being said during these campus tours.
[Prospective student calls to
Try to set up a time for a campus tour]
[Student is unable
To attend a campus tour
Attends a different school]
[Existing Solutions
Are Broken/Nonexistent]
3
![Page 7: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/7.jpg)
A Few Steps Before Moving Forward
Tour Operator Market Should be Studied
• $7 b industry with %41 domestic packaged toursMarket Size
• Mature, fragmented & highly competitive
• Differentiating is vitalCompetition
• $1.2 b spending on wages
• Cutting cost is top priorityCosts
PS offers both revenue generating & cost cutting strategy
Apps can be a differentiating factor
Market Opportunity
![Page 8: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/8.jpg)
SolutionOur mission is to provide mobile users an authentic experience that gives them
the confidence and direction to explore and discover the places around them,
while learning about history and culture of your College, University and city.
4
![Page 9: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/9.jpg)
Looking Forward
• We’re seeking funding for growth
• Looking to help additional customers
• Hiring sales reps and support staff
Team
Bu
ild
ing
Co
mp
an
y
Pro
gre
ss
May June July Aug Sept Oct
Launch Goal Goal Goal
Nov DecApril
June 2014 Incorporated Jan 16
June 2014
March 2015
![Page 10: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/10.jpg)
Go-to-Market Strategy
Target Market
Positioning
Price
Product
Promotion
10
![Page 11: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/11.jpg)
Target Market: Small and medium sized universities/cities represent significant market
• Total Universities: 332• Total Students: ~1,900,000
• Large fraction are small or in small towns
![Page 12: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/12.jpg)
Target Market: Interviews with university admins show addressable pain points
![Page 13: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/13.jpg)
Clear Market
Gap
Target Market: Admins see value of self-guided tours in addressing tour challenges
67%
33%Recommend
Undecided
How likely are you to recommend using such apps in addition to tour guides?
![Page 14: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/14.jpg)
Clear Market Gap
• Introduce campus w/o visit
• More data on prospective students
• Makes university appear tech-savvy
• Risk Reduction
• Targeted tours for specific interests
Value of Self-Guided Tours
• Guided tours require talented student
• Self-guided tours can be impersonal
• Limited staff resources
• Contact info of people taking self-guided tours
• Consistency of student tour guides
• Availability of rooms and labs w/o guide
General Tour Challenges
Market Opportunity
Target Market: Admins see value of self-guided tours in addressing tour challenges
![Page 15: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/15.jpg)
University administrators, you can finally rest easy knowing that self-guided tours customized to reflect the quality of your university are available 24/7. That means no prospective student will miss out on a tour of your campus ever again.
Why you will love using PocketSights
Point-to-point navigation so students (and parents) explore campus, frustration-free, and even the surrounding city.
Virtual tours ensure that all prospective students– wherever they are in the world - get the chance to fall in love with your university
Positioning statement for admins: Campus
tours made convenient – for everyone.
15
![Page 16: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/16.jpg)
Positioning: PocketSights has features highly rated by university administrations
0%
20%
40%
60%
80%
100%
Importance of Features Rated by University Administrators
![Page 17: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/17.jpg)
Positioning: PocketSights can differentiate in features highly rated by university admins
Feature PocketSights YouVisit StrayBootsTourSphere
(OnCell)TourBuddy Discover Anwhere
Point to point navigation
Offline operation
Skip points on tour
User curated content
Audio guide
Push notification
Virtual Tour mode
Social integration
17
![Page 18: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/18.jpg)
Students and parents, you can get stuck in traffic on the way to your dream university and not stress about missing the last tour of the week. And you don’t have to visit 10 libraries before you get to the good stuff.
Why you will love using PocketSights
Positioning statement: Campus tours made convenient – for everyone.
Point-to-point navigation so you can explore campus, frustration-free
Customizable tours allow you to skip right to the parts of campus that you are most interested in
Virtual tours allow you to experience and compare campuses, no matter where you are in the world
Still learn the same fun facts about campus – but this time, you can actually hear the tour guide
![Page 19: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/19.jpg)
Positioning: PocketSights offers the top benefit students look for in campus tours and connects them to the community
44%
22%
34.00%
Intersting content Personalized interactionwith tour guide
Other
Students LIKE campus tours because:
Interesting content
19
![Page 20: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/20.jpg)
Positioning: PocketSights fixes top three points students dislike about campus tours
25%22%
20%
Not convenient Not customized tointersts
Poor logistics of tourgroup/guide
What students do NOT like about campus tours:
20
![Page 21: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/21.jpg)
Target Market: Providing self-guided tours addresses end-user preferences
38% Unlikely 62%
Likely
62% of students are likely to use self-guided tours in addition to guided tours
21
![Page 22: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/22.jpg)
Price: A price point in range of $4000-$6000 is both competitive & value-based
• Tour builder platforms-branded apps ~ $3000/yr
• Self branded platforms ~ $7000+
Competition based
• Spending on tours per school: 1000 tours @ $10= $10,000
Value based
To compete and gain market
share: $4000-$6000
22
![Page 23: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/23.jpg)
Pricing models of competitorsPocketSightsEnterprise
PocketSightsEnterprise+
YouVisit StrayBoots TourBuddy TourSphere (OnCell) MyTours Discover Anywhere
Only $199 a month or $2,388 a year
No set up fee
Set up monthly recurring payments
*Save 10% by paying off the full year in one payment = $2,149
*First Year New Member Discount - $150 = $1,999 a year or $166.58 a month
Only $299 a month or $3,588 a year
No set up fee
Set up free recurring payments
*Save 10% by paying off the full year in one payment = $3,229
* First Year New Member Discount - $150 = $3,079 a year or $256.58 a month
• Starts at $4980
• Licensing fee of $2000-10000 for larger museums and historical orgs.
• Individual download fee $6-12
• 50% profitsharing with org
• App-builder at $40/mnt
• iOS+Androidpackage at $800/mnt with $3000 set up fee
• Enterprise model at $1000/yr (iOS) with $3000 set up fee
• Plans range from $1500-$4788
• $900 set-up fee
• $1495/yr or $145/mnt
• $1995 set up fee
• Base plan for Y1- $5000
• Multiplatform @ $1000 ea
• Premium features @ $1000 ea
• Y2- $2000 maintenance + $250 for each app and feature
![Page 24: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/24.jpg)
Thank you!
24
![Page 25: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/25.jpg)
Appendix
25
![Page 26: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/26.jpg)
Market Research Approach
Market Research
Customers
Organizations
Universities
17 Interviews
Alliances
3 interviews
End-users
Survey
185 participants
2 focus groups
Competition
2nd Research
Primary Research
Internet Cold-calling
26
![Page 27: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/27.jpg)
Scope: Identify target market and conduct customer discovery to enhance product
PocketSights Potential Markets
UniversitiesBusiness Alliances
Zoos & Parks
MuseumsTour
Operators
Focus of this study (10 weeks & 5-10 hr/week)
Product Enhancement
Target Mkt
How do end-users like each feature? Do they have intended functionality?
What features to add and what feature to hone?
27
![Page 28: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/28.jpg)
Additional Market Growth
Tour Operator Market Should be Studied
• $7 b industry with %41 domestic packaged toursMarket Size
• Mature, fragmented & highly competitive
• Differentiating is vitalCompetition
• $1.2 b spending on wages
• Cutting cost is top priorityCosts
PocketSights offers both revenue generating & cost cutting strategy
Apps can be a differentiating factor
Market Opportunity
28
![Page 29: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/29.jpg)
Tour operators: Users are likely to use self-guided tour apps if tour operators offer them
82% Likely
82% are likely to use a self-guided tour on vacation or in a new place
62% are unlikely to create a tour for an event or trip of theirs
62% Unlikely
Our survey suggests a different hypothesis than that of Jodi Lapierre from
Visit Ithaca:
“We have stood united with research done by experts in the industry that consumers should not and likely will not
download a travel app.”
29
![Page 30: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/30.jpg)
Tour operators: PocketSights can enter this market when established in university market
• Stiff competition in tourist attraction cities from well established apps, but have won recognition in this market space
• Significant marketing & sales efforts & resources needed
Gain a foothold in university market and then penetrate tour
operators market
30
![Page 31: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/31.jpg)
Price: Benchmarking competitors shows a price range of $3000-$7000 YouVisit StrayBoots TourBuddy TourSphere
(OnCell)MyTours Discover
Anywhere
• >=$4980
• Licensing$2000-$10000
• 50% profit share
• $480-$4000 pa
• $2400-$5788 pa
• $3500-$3750pa
• Y1: $6000-10000
• Y2+ : $2250-$3250
Competition ranges between $3000-$7000 pa
31
![Page 32: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/32.jpg)
Evaluation of the functionality of PocketSightsto competitors
Features PocketSights YouVisit StrayBoots TourBuddyTourSphere(
OnCell)MyTours
Discover Anywhere
Point to Point Navigation
Yes No Yes Yes Yes Yes Yes
GPS/ Street maps Yes No No Yes Yes Yes Yes
GeoAlertsYes (while
passing by a POI)
No No Yes Yes No Yes
Multilingual No No No Yes Yes Yes No
Audio, Photo and Videos
Yes Yes Photos No videoYes (Video in Pro version)
No video Yes
Beacons and Geotags
Yes No No No Yes No Premium
Scavenger hunts game
No No Yes NoYes (in Pro
version)No No
![Page 33: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/33.jpg)
Evaluation of the functionality of PocketSightsto competitors
Features PocketSights YouVisit StrayBoots TourBuddyTourSphere(OnCell)
MyToursDiscover
Anywhere
Real time updates
No No NoOnly in
WebappOnly in
WebappOnly in Webapp Daily
Offline usage No YesYes (pre-
download)Native apps work offline
Native apps work offline
Yes Yes
Custom branding
Yes Yes No Yes Yes YesPremiumfeature
Analytics Yes Yes No No Yes No Yes
Social Integration
Yes Yes Yes Yes Yes No Yes
![Page 34: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/34.jpg)
Product: Projected use by universities
• Advertise PocketSights tour on
• Admissions website
• Recruiting materials
• Paper maps
• Collect data from end-users
• Most visited areas (e.g. interest)
34
![Page 35: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/35.jpg)
0%
20%
40%
60%
80%
100%
Product: PocketSights offers features highly rated by university students
35
Features rated by students for usefulness
![Page 36: PocketSights Pitch to Everyone 11-1-2015 v6](https://reader034.fdocuments.net/reader034/viewer/2022042723/58e9002b1a28abc7598b4b03/html5/thumbnails/36.jpg)
Product: PS will be more competitive after recommended changes in price & features
36
PocketSights YouVisit Projected Score (Pocket Sights)
Critical Success Factors Weight Rating Score Rating Score Rating Score
Multiplatform Compatibility 0.18 2 0.36 4 0.72 4 0.72
Monetization (price) 0.15 2 0.3 2 0.3 3 0.45
Point to Point navigation 0.22 2 0.44 2 0.2 4 0.88
User Interface 0.1 4 0.4 2 0.2 4 0.4
Funding 0.15 2 0.3 4 0.6 2 0.3
Updates 0.05 2 0.1 2 0.1 3 0.15
Memory usage (Response time) 0.07 3 0.21 3 0.21 3 0.21
Battery Usage 0.03 2 0.06 3 0.09 2 0.06
Brand Popularity 0.05 3 0.15 2 0.1 4 0.2
Total Points 2.32 2.76 3.37
Competitive Profile Matrix (CPM)