Author
dpleib76
View
331
Download
2
Embed Size (px)
DESCRIPTION
David LeibSeptember, 2011
Team & Advisors
David Leib
CEO & Founder
Ellen Ensher
Advisory Board
Jon Oleinick
Advisory Board
David Levy
Advisory Board
AR Solutions
Web Developer →
→
→
→
→
AVP, Corporate Lending, BankUnited (5 yrs) MBA in Entrepreneurship
Specializing in interactive design & development Experience in developing social presence
Ph.D. & Professor at Loyola Marymount University Researcher & established expert in mentoring
Seasoned entrepreneur w/ successful exit experienceMIT & Wharton School graduate
Seasoned business executive (currently SVP, Willis)Lead in building brokerage startup to $35MM in <5yrs
Problem & Solution
Traditional mentoring increasingly inefficientCommunication methods have changed
Speed & efficiency is neededConnecting through an online presence
Macro
Colleges/Universities•Re-engagement of alumni via traditional alumni-to student mentoring
Trade Associations•New members lacking necessary skills & unable to align w/seasoned members
Businesses•Engaging & improving junior talent for succession and retention
Micro
Mentorfly: Creating Accessibility & Reshaping Mentoring
Community •Central location for advocates of mentorship to connect•Detailed user search tools•Ideal mentor/mentee profile creation•Requesting a connection•Shadow users
Platform•Microblog as primary communication method •Abbreviated dialogue via short & pointed messages•“Always Open” line of communication between users•Accumulation of valuable nuggets of information over time creates robust user value
Secret Sauce
Platform•Mentorship for the masses
•Accessibility to mentorship
•Virtual communication driven
•Efficient communication structure
•Patentable platform
Rewards/Recognition•Virtual currency/M-notes
•Product discounts
•Corporate partners
•Leaderboard
Niche•University/college market focus
•Systemized approach
•Established leader in alumni-to-student mentoring platform
•Metrics-driven value adds to schools
Value to UserMENTORS
Personal valueConvenience
Clear expectationSelf-exploration
Giving backSeeing the results
Professional valueLeaderboard
Additional marketing outlet
Personal valueAccess to Mentorship
No costExpanded skills/knowledge
Quality relationshipsGenuine advocates
Professional valueNetworking
Career opportunities
MENTEES
How We Make MoneyREVENUE STREAMS
Primary
Subscription Fees•Colleges/universities
•Trade associations
•Businesses
Secondary
Display Advertising
•Generated from general platform
•Initial revenue from Ad Networks
Market Size – U.S.General Platform Enterprise Platform
Currently*147 Million Social Network Users
By 2013*164 Million
Colleges/Universities6,632
Trade Associations90,908
Businesses (500+ employees)
24,425Growing trend in “knowledge market” via
new sites/features: Quora, Facebook answers, Linkedin answers
**Heaviest use of social networking sites primarily concentrated in markets heavily
influenced by major colleges and universities *eMarketer – US Social Network Users & Penetration 2009-2013
**Experian & Simons Marketing – Social Network report 2010
CompetitorsGeneral Platform Enterprise Platform
Horsesmouth (UK)•Focus on virtual connection only (not speed & efficiency)•Based/focused in UK•No revenue model
Existing
Facebook Linkedin QuoraiMentor
Potential Entrants
ExistingChronus
Triple Creek •Main focus/strategy on business platform customer acquisition•Software built for business customers
Potential EntrantsYammer
Socialcast
Competitive Advantages Defensibility•Platform focused on speed & efficiency•Unique rewards system (m-notes)•Niche focus on universities/colleges
•Patentability of unique platform & feature set•Switching costs of universities/colleges
Key Milestones•Splash page launched 3/2011 •Beta testing projected to begin 7/2011•Verbal interest from Nova Southeast University to be pilot school
FinancialsAssumptionsInvestment $400MStake 20%Hurdle rate 30%
2012 2013 2014
Downside ($353,515) ($324,447) ($278,921)
Expected ($228,545) $244,447 $710,329
Upside ($94,780) $712,995 $1,637,205
2012 2013 2014
Total Subscribers $180.0 $805.0 $1,388.0Total Ad Sales 0.94 0.36 0.79
Total revenue $180.1 $805.4 $1,388.8
Sales and Marketing Expense 295.9 430.0 463.0
General and Administrative Expense 72.5 101.0 200.5
Research and Development Expense 40.2 30.0 15.0EBIT ($228.5) $244.4 $710.3
Projected Year Ending Dec. 31
Expected Earnings
(500000)
0
500000
1000000
1500000
2000000
2012 2013 2014
Downside Expected Upside
Dol
lars
Exit Strategy
Allows google entry into social networking space
Possible strategy to differentiate through niche focused social
networks
May add a niche compliment to a social network site they build
to compete with facebook
Adds highly synergistic & value added service
to their users
User base is most consistent with Mentorfly users
Allows for possible future entry into niche markets
Defensive acquisition preventing future competition from
Google,Linkedin,Twitter,etc.
Possible acquisition / merger with leading mentoring enterprise
software companies
Chronus has alumni-student software suite – may have most interest in acquiring Mentorfly
customer base
Q & A
ProductTeamMarket SizeValue to UsersBusiness ModelUser AcquisitionRisks & Precautions
Product ComparisonsAlternative Revenue StreamsManagement ExpertisePotential AcquirersFinancials3-Year Revenue Projections
AccreditedBackgroundVintage yearHow much capital in totalHow much currently deployed Number of investmentsWho are your LP’sInvestment thesis