Start-up Nationcrossculturevc.com/wp-content/uploads/2018/07/nrftech2018startup… · DROPSHIP...
Transcript of Start-up Nationcrossculturevc.com/wp-content/uploads/2018/07/nrftech2018startup… · DROPSHIP...
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Start-up Nation:The future of audio-based data communications and commerce-as-a-service
Marlon NicholsCo-Founder & Managing Partner, Cross Culture Ventures
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Cross Culture Ventures
Early stage venture capital firm based in Los Angles, CA
Thesis of cultural investing, which is the convergence
of global popular culture and emerging trends
Example: Emerging consumer trends have ignited
innovation in online commerce, leading to the disruption
of traditional retail
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Retail has Evolved
Logistics as a Service is here
Customer relationships now
digital
Digital storefront more
accessible
Manufacturing is being
democratized
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Mobile Payments Still Not Ubiquitous
NFC limits mobile scale and QR codes are not secure
NFC requires significant hardware and infrastructure
investment
Consumers want an experience similar to credit cards, w/o
the credit card
Device upgrade should not be necessary to use mobile pay
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Anyone with an idea can become a retailer High-quality, affordable manufacturing is accessible
to everyone Retailers no longer have to bear the traditional costs
associated with setting up and maintaining a fulfillment center
Access to consumer behavior data allows retailers to increase revenues and better serve their customers
Audio technology allows retailers to ensure that consumers making payments on any type of device are protected
Software solutions do not require costly infrastructure investments
Audio technology goes beyond payments – it also allows retailers to use proximity marketing to create personalized experiences
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THANK YOU
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Retail is Being DemocratizedWhat’s Happening & How This is the Perfect Time to 3X Your Ecommerce
By Leandrew Robinson, CEO, Hingeto
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GENERATED $500M+FOR 1000+ BRANDS
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INFLUENCERS
CELEBRITIESMILLIONS OF BRANDS
DIGITAL
MARKETERS
EVERYONE IS A RETAILER
THEN NOW
TRADITIONAL
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THE PIE ISN’T DOUBLING
MILLIONS OF SMALL ONLINE RETAILERS
JEFF BEZOS, LAUGHING
US APPAREL
E-COMMERCE
$80B
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THIS MARKET HAS CREATED A SUPERPOWER
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YOUR SUPERPOWER
Sell Any Product in
The Worldwith zero risk
RETAILERS
Sell to 100,000
New Retailers no new infrastructure
SUPPLIERS
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“TO HELL WITH CIRCUMSTANCES, I
CREATE OPPORTUNITIES.”
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RETAIL DEMOCRATIZATION EXPLAINED
EVERYONE HAS A
STORE
EVERYONE IS A MAKER
EVERYONE CAN
DROPSHIP
EVERYONE CAN BE IN
BUSINESS WITH EVERYONE
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1) EVERYONE HAS A STORE
FOR RETAILERS:
Your Suppliers Can Ship
For You (Save 10% On
P&L)
---------------- Or ----------------
FOR SUPPLIERS
Turn Those Stores Into
Your Salesforce
• 600,000 Stores
• $40B in Total GMV
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2) EVERYONE IS A MAKER
Pull The Best Product Onto Your Site
(More Selection = More Revenue)
LOCAL SCREEN PRINTER
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SELECTION = GOOD
$4.7B 2017 GROSS SALES
▶10,000
SUPPLIERS
▶10M STYLES
RETAILERSUPPLIERS
DROPSHIP
TECHNOLOGY
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3) EVERYONE CAN SHIP
Customers do not care
who ships them the shirt!
SOLD OUT IN YOUR
WAREHOUSEMETALLICA’S WAREHOUSE
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4) DIGITAL RELATIONSHIPS
The merchant and supplier relationship should be too.
10x the number of brands & products. No new hires.
All your other relationships are digitized.
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HINGETO GIVES YOU SUPERPOWERVIA B2B MARKETPLACE
INVENTORY CONCIERGE
SUPPLIERS RETAILERS
+ 12,000 others
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1) Tools to recruit &
onboard any brand in
the world
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2) Real time access
to $100M+ in new
inventory, risk free
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3) Manage orders &
compliance
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The Data-Over-Audio Leader
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HIGHLY CONFIDENTIAL
World’s Most Advanced
Ultrasonic Data Platform
LISNR® is the new standard for micro-
communications between devices using sound.
As the leading Ultrasonic Data Platform,
LISNR®’s proprietary data-over-audio technology
is being used to connect the customer journey
and power transactions around the globe.
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HIGHLY CONFIDENTIAL
The Problem
Retailers need to give customers seamless transitions from online to offline to purchase via mobile
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HIGHLY CONFIDENTIALHIGHLY CONFIDENTIAL
The Problem
Local proximity data
transmission remain difficult as
their lacks a clear solution
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HIGHLY CONFIDENTIALHIGHLY CONFIDENTIAL
Existing Technologies Are Falling Short
The connected industry has made significant advancements connecting
devices from afar, but in that same time it ’s become increasingly difficult to
facilitate a connection to devices in close proximity.
Zigbee Bluetooth NFC Beacons RFID
Bad Connectivity • Limited Range • Battery Drainage • Content ID • Additional Hardware • Expensive Implementation. • Management Costs
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HIGHLY CONFIDENTIAL
We believe sound is the glue
Cross Platform Multi-Range Seamless Cost Effective
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HIGHLY CONFIDENTIAL
The LISNR Solution
LISNR tones can be
generated, broadcasted,
and demodulated locally
on any device with a
speaker and microphone.
Applications using the
LISNR SDK use the
existing audio
infrastructure / hardware
Data contained within a
LISNR® tone can be used
for enabling proximity
marketing through to
payments
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HIGHLY CONFIDENTIAL
Why LISNR Platform
Secure ReliableReliable Low Power Payload
Intellectual PropertyLocal Tone GenerationData Payload TypesTone Profiles
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Online
Authentication
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HIGHLY CONFIDENTIAL
Instore Identification
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HIGHLY CONFIDENTIAL
Payments & Authentication
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HIGHLY CONFIDENTIAL
NFCQR CODE BAR CODE
IMPLEMENTATION HAVE ISSUES WITH:
RELIABILITY • HUMAN ERROR • PHONE COMPATIBILITY
HARDWARE COST • EXPENSIVE IMPLEMENTATION • CONSUMER EXPERIENCE
Today’s solutions fall short
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HIGHLY CONFIDENTIAL
About LISNR®
Leadership team with over 100 years of industry experience across emerging technology
and mobile. Former companies include Yahoo, Gracenote, Sony, Lockheed Martin, P&G,
Intel, Unity Technologies, App Annie, and Itochu.
Investors
$20MAmount Raised
40TEAM
+60Industry Awards
2012Year Founded