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Carolyn Carpeneti, Founder & CEO
for Academics
I’m applying for college, but I can’t find my backpack!
25% don’t make it past their Freshman year of College.
We’re on a mission to change that.It starts in High School.
CONFIDENTIAL
Carolyn CarpenetiFounder & CEOAdvisor & Recruiter to PE-backed start-ups, Founder CA’s largest women’s conf.
Jack O’ConnellFormer CA State Superintendent of Public Instruction, UC Board of Regents
Team Investors and Advisors
Kate Purmal Co-Founder & COOFormer SVP SanDisk, CEO U3, founding team Palm Inc.
Chandra AmbadipudiActing VPE Former VPE, Apollo Education (F100)
Diane Provo, M.S. EdProvo & AssociatesExpert on education and learning
Rob WrubelFormer Chief Innovation Officer, Apollo Education, Former CEO Ask Jeeves`
Dr. Satish MenonCTO Shutterfly, Former CTO Apollo Education, VP Consumer Yahoo
TEAM
Stewart AlsopPartner, Alsop Louie PartnersVenture Capitalist
In High School • Shows up as procrastination, overwhelm• Trouble juggling academics, sports, social
life and work• Added pressure of college test prep,
college applications, essays, etc.
In College• External support of family and home
disappears• Large blocks of unstructured time• Less academic structure – large, long-term
assignments, fewer tests and exams
THE PROBLEM
Executive Function does not fully develop until between 18-26
CONFIDENTIAL
Constraint-driven backward scheduling system
• Personalized based on learning style, extracurricular, study and social preferences
• Notifications to students and parents or coaches
• Mobile swipe ensures nothing falls through the cracks
PHASE 1: COACHING PLATFORM (Currently in Beta)
CONFIDENTIAL
COPILOT BETA RESULTS
Would you use CoPilot again?
52%39%
9%
91% Reported Being More Prepared
Significantly BetterBetterNeutral
55%32%
14%
88% Reported Better On-time Completion
Significantly BetterBetterNeutralYes
91%
No4%
Not Sure4%
91% would use CoPilot again
Active59%
Moderate12%
Low or No Use29%
CoPilot Beta Test Usage
CONFIDENTIAL
COPILOT BETA RESULTS
Would you use CoPilot again?
35%
52%
13%
87% Reported Improved Grades
Significantly BetterBetterNeutral
30%
61%
9%
91% Reported Improved Qulaity of Work
Significantly BetterBetterNeutral
22%
35%
35%
9%
57% Reported Less School-related Stress
Significantly Less StressLess StressNeutralWorse
17%
61%
22%
78% Reported More Time Studying
Significantly moreMoreNeutral
PHASE 2: STANDALONE PRODUCT(Fall 2016)
• Goals, points, competition• Virtual study groups, social • Incentives (offers) from parents,
partners and coaches
CONFIDENTIAL
Killer Mobile UX with Social, Gamification and Marketplace
CONFIDENTIAL
PHASE 3: DATA & INSIGHTS
• Predictive analytics flag at-risk students before mid-term exams
• Clustering and segmentation for personalized recommendations
• Collaborative filtering matches matching peers, coaches, tutors
Early warning and recommendations through student behavior data signals
CONFIDENTIAL
20
14
MAY • Inception of CoPilot Systems Inc.
SEP • $500k+ family/friends raise
JAN • Installed College Coaching Platform at 5 beta sites
AUG • Beta test High School
JAN • Continue beta testing High School
APR • Book launch & national media tour
AUG • Launch Standalone Product: High School & College
FALL • Community College Product
TIMELINE
20
15
20
16
20
17
CONFIDENTIAL
PRICING MODEL
• $99.95 / year incl. dashboard for parent, coach• $29.95 / year standalone (no coach dashboard)• $1,500 - $2,500 private coaching / semester, $175/hour
High Schools and Colleges• $25-80 /student / year • Administrative dashboard,
reporting, early alerts
Private Coaches and Tutors• $150 / semester per student • Multi-student dashboard, reporting
and alerts
Consumer Product for High School and College Students
CONFIDENTIAL
THE NUMBERS
Revenue 2015 2016 2017 2018StudentsCoPilot w/Parent or Coach (80%) $99 0 17,000 42,500 170,000 CoPilot Standalone (20%) $29 0 3,000 7,500 30,000 Premium Coaching $3,000 50 200 200 200 Individual Coaches $300 100 250 1,000 1,500 Institutions $39 3,000 9,000 15,000
Revenue 0 90,000 2,443,000 5,024,500 18,760,000Expenses
1.4 2.0Staffing 0 166,254 1,150,029 1,610,041 3,220,081Research & Development 233,741 230,130 657,680 920,752 1,841,504General & Administrative 23,963 54,350 173,100 242,340 484,680Sales & Marketing 24,586 141,500 760,000 1,000,000 2,000,000Total Expenses 282,290 592,234 2,740,809 3,773,133 7,546,265
Net Income -282,290 -502,234 -297,809 1,251,367 11,213,735
Ave Monthly Burn $40,327 $49,353 $228,401 $314,428 $628,855Number of Employees 3 10 R&D Employees 1 5 # Outsourced Engineers (Est) 6 7# Contract Coaches 6 0
Cashflow Break-Even 2017
CONFIDENTIAL
OPPORTUNITY SUMMARY
Experienced Team of Seasoned Executives
Huge Revenue Opportunity$19 mm recurring revenue by 2018
• 14.7 mm high school + 17.7 mm college students
• 11,000 college test prep centers in US
• $4.5B college readiness market
• We expect 80% YOY customer retention over 4+ years
Proven Technology Platform• Successful Beta completed
• 90% feature complete back-end
• Future investment in mobile, UX, social, gamification, marketplace
Addendum
TECHNOLOGY: Decision Support System for academic success
CONFIDENTIAL
ACADEMIC COACHING BOOSTS GRADUATION RATE
But academic coaching is costly, labor intensive, and doesn’t scale effectively.
2011 Stanford study results
Coached vs Non-coached