Siren Social Discovery
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Transcript of Siren Social Discovery
The Problem How do you connect online to meet in real life? Social media and dating sites aren’t solutions.
• 33% never met anyone in real life. • 42% of women report online harassment. • 96% of men never get a response. • 81% lie with static profiles. • 95% of profiles are inactive.
SIREN
Loneliness has doubled in the last 10 years
2 Source in Appendix
Siren delivers the right online introductions
• Engage women. • Create daily content for conversation • Drive quality with reputation.
How Are We Doing It Right?
SIREN 3
Siren engages women. Everyone wins.
SIREN 5
When women feel comfortable, they connect: Week 1: 42% of women connect with others Week 2: 49% of women connect with others Week 3: 55% of women connect with others
Photo visibility control is socially safer and sends clear signals of interest. Clear signals = less frustration.
SIREN users send CLEAR signals to express interest
SIREN 6
Celebrities ask daily ice-breaker questions. Personality comes through in the right context Offers community feel and one-to-one connections.
SIREN presents FRESH content in group conversations
SIREN 7
QUALITY COMMUNITY
Real User Value
SIREN 4
53%
Female Users
47%
Male Users
FEMALE:MALE 25-50 yrs
ENGAGEMENT
38% Weekly Actives
65% Monthly Retention
REAL CONNECTIONS
10/user Connections
15/user Messages
3/day Sessions
27% Daily Actives
0 Reports of Harassing Messages from Men or Women since Launch
A FEW OF OUR TESTIMONIALS PRESS (100+ and counting)
The Buzz
SIREN 4
65 63
5 6
21 24
15
30
% Response Rate for Men % Monthly Reten1on
Men receive a 65% response rate and stay twice as long as other sites.
SIREN 11
$125K Prizes, grants $175K Contract $500K Needed Profitable
0
2000
4000
6000
8000
0 1 2 3 4 5 6 7 8 9 10 11 12
Reg
iste
red
Use
rs
Month (2015)
✓ 20K requests to join
✓ 7K users, by word-of-mouth
User Growth (Seattle) 2015
SIREN 10
Total Market: (US) 112M Adult Singles
$7.1B
Available Market: 71M Single and Looking
$4.7B
Serviceable Market:
12M Singles $1.2B
Siren’s Market: 20% of College-Educated,
Progressive 25-50+ years old
The Opportunity With busy lives, people need online platforms to connect.
SIREN 12
Social Discovery Landscape $2.4B spent on poor options. The market is still untapped. The issues: • Few conversations and real meetings • Unwanted responses or no responses • No online to offline connection
TEDIOUS
SIREN Online introductions
with real-life connections
ENGAGING
REAL CONNECTIONS
NO CONNECTIONS SIREN 13
Source in Appendix
Competitive Value
ü Unlocks Women’s Engagement – 53:47 female to male ratio. One of the best in this vertical.
ü Solves Fake / Inactive Profiles: Only site with daily updated profiles. 0 reports of harassment.
ü Drives Connections: An average of 10 connections per user.
ü Starts Real Conversations: Average of 15 messages
per user exchanged.
ü Connects Online to Offline: Partner with local, timely events for people to meet in real life.
SIREN 13
Online communities, consumer behavior data collection
Successful growth paths of companies acquired
.
$575M, $6.40/user
Exit: Comparable Acquisitions
SIREN 16
$25M, $12.50/user $50M, $14.50/ user $6M, $17.60/user
Engagement to Revenue
2013 2014 2015 2016 2017
Alpha 200 Users 4 months
Beta 3000 Users 7 months Prototype
Scaling Platform 6000 Users 3 months
50,000 Users
6 Cities
280,000 Users
Grow user base to 10k Users in Seattle
Subscriptions: $2.4M In-App Advertisement: $145K Market Research: $1.1M
$70K bootstrap $410K, Seattle Only Revenue to Profit Profitable
SIREN 15
J Galen Buckwalter Lead Scientist, eHarmony Data Research, USC Lisa Stone CEO & Co-Founder BlogHer Danielle Strachman Founding member, Thiel Fellowship, Founder 1517 Sarah Novotny, Technical Evangelist NginX Gayle Karen Young CTCO, Wikimedia Isabella Huffington Artist / Creative Advisor
Team: Diverse Expertise Key Advisors
Susie Lee | CEO, Co-founder Vision, community-builder, public relations and business partnerships
Katrina Hess | COO, Co-founder Design, product development, strategic team management and organization
David Golightly | CTO Full-stack coding, architected Zillow’s first iOS app
SIREN 15
The Offer
Raise: • Convertible, 25% discount, preferred
• $500K ($150K closed)
• $3.5M Cap
SIREN 17
SIREN
Thank you! Let’s change lives together SIREN
Susie Lee CEO & Co-founder [email protected]
Thank you! Let’s change lives together.