Date post: | 15-Apr-2017 |
Category: |
Economy & Finance |
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Experienced Team
Bootstrap > Profitable > Funding > Growth > Sale > Public
• Multi-Million Dollar Exit to Trimble (NASDAQ: TRMB)• Complimentary Founders Worked Together• $18M in Venture and Strategic Funding• Negotiated Enterprise and Mid-market Contracts Nationally and Internationally
Startup to Public Co. Meridian Systems - Construction Project Management
David IngCTOSoftware, Hosting
Elizabeth DodsonCCOBiz Dev, Marketing, Sales
John BodrozicCEOProduct, Operations, Mgmt
Homeowner Challenges
LOSINGMONEY
LOSINGVALUE
LOSINGTIME
Under-insured, Not Prepared
Inefficient, High Repair Costs
Remodels Over Budget
No Financial Visibility
No Sales Differentiation
Market / Problem Validation
83%Need Remodel Tracking
53% 30% 10% 3%
Very Important Somewhat Important Slightly Important Not Important
58%Need Maintenance Schedule
21% 37% 24% 18%
64%Need Home Inventory
28% 38% 21% 13%
78%Need Documents for Re-Sale
44% 34% 16% 7%
Solution
Digital Home Management
SAVEMONEYIMPROVEVALUEMANAGETIME
Personal Finance and Asset Mgmt for the Home
Product
DashboardNews FeedCharts / Reports
InventoryRooms & ItemsPhotos & Docs
MaintenanceSchedule AlertsTask Management
ProjectsBudgets / CostsPhotos, Docs, Tasks
+ A Larger Global Opportunity
TAM in the United States
120MHomeowners
$6BPersonal Finance
5MBuyers/Sellers
$9BRE Marketing
1MAdvertisers
$10BOnline Ads
Market Size
$25B
B2B2C Partners & Positioning
Digital Home Management Personal Finance & Asset Management
Buy or Sell a House
Get Mortgage
Get Insurance
Preventative / Repair Tasks
Remodel & Renovation
Utilities / Security, etc.
Ideas / Content
Empower the Homeowner
Client Engagement:Single TransactionNo Ongoing Value
Industries:Need to Develop Client Engagement
Rea
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Mor
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Insu
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Mai
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Impr
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Serv
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Connect Extend Value Add Engagement Renewals Referrals
Platform Business ModelConsumers: Freemium SubscriptionHomeowner: Free or $59.00 / yr.
B2B2C Partners: Transaction FeesClient Loyalty Program: $50.00 per client
Future Products & Revenues 1. Advertisers: National and Local2. Smart Home Integration & Data Aggregation3. Data Services: Anonymous Consumer Trend Data
Adjacent Markets
Personal FinanceMint.comBettermentNerdWalletLearnVest
Real Estate PortalsZillow (Trulia)Realtor.com (NewsCorp)MovotoRedfin
Service ProvidersHomeAdvisorAngie’s ListHome Depot, Lowes
Design SitesHouzzPinterestPorch.com
Home IoTNestSamsungVivintAT&T
Home InventoryInsurance Co. AppsVarious Small AppsCloud Storage
ContentVarious Media Co’sHome Improvement
Digital Home ManagementCompetitors
Adjacent Markets(Partnership Opportunities)
Traction
23,000 Users10% Conversion to PremiumAll 50 States; 8 CountriesAll 4 Generations54% Men; 46% WomenLarge LTV / CAC : 5.0Engaged Users – 10 min/sessionAT&T Digital Life Partnership
B2B2C PipelineInsurance Companies (Multiple)Home Improvement Retailer (Lowe’s)Home Mortgage Companies (Multiple)Scripps Interactive - HGTV
Previous Funding$2M Seed RoundFounder and Angel Capital
Milestones AchievedAssembled TeamBuilt PlatformMarket ValidationProven TractionScalable Business ModelRaised Funding
$3M Series AMarketing, Biz Dev, R&D
üTeamüProductüMarketüTractionüBusiness Model
Time to Manage your Largest Asset
Contact: [email protected]
Summary
Homeowner Lifecycle
Seller
Marketing
TransactionBuyer
Visibility
Maintenance
Assets Remodels
Finances
Homeowner
IoT
7 Year Average per Home
5 to 7 Homes in Lifetime
Transitions• Renter to 1st Time Homeowner• Homeowner to Seller• Seller to Buyer• 2nd Time Homeowner• Repeat 4 to 6 More Times
Unique Big Data
2 - Home Assets
1 - Location
4 - Timing
3 - Intent
Curated PlatformsAdvertisers• Unique Targeting Data• National & Local Companies• Home Products & Services
• Connect to Other Platforms• Find a Service Provider, Contractors• Find Insurance, Refinance, etc.
Advertising Solution
Smart Home IntegrationMultiple Product Categories
LightingHVAC
Water Security
EnergyAppliances
Multiple Brands in Each CategoryNest, Samsung, GE, Phillips, AT&T, etc.
Mes
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Asse
ts
Mai
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ance
Proj
ects
Fina
nces
Unique Big Data System, User, 3rd Party
DashboardNotifications, Analysis, Recommendations
HomeZada: Single Software Platform• Manage All Data About Home• IoT Data – Aggregate, Analyze, Alert
For S
ale
Market Dynamics – Why Now
0
10
20
30
40
50
60
70
80
90
100
1(15 – 35) (36 – 50) (51 – 70)
Age in 2016
“One of the largest generations in history is about to move into its prime spending years. Millennials are poised to reshape the economy; their unique experiences will change the ways we buy and sell, forcing companies to examine how they do business for decades to come”
Behaviors
• Digital Natives• Social & Connected• Research & Seek Info
HousingPeak Home Buying Years
25 à 45 y/o
Renters who plan to buy a home
(Age: 18 – 35)
Goldman Sachs Investment Research
93%
Millennials
Gen X
Boomers
Home Projects• Budgets, Brand Research, Costs• Templates, Photos, Docs, Warranties
Home Maintenance• Annual Calendar of Checklists• To Dos, Alerts, Notifications
Home Inventory• Photos, Data of Assets and Contents• Property Docs, Manuals, Receipts
Home Finances• Dashboards of Projects, Inventory• Home Values and Expenses
Market Home For Sale• Photos/Docs/Data of Rooms and Features• Share Digital History of Home Online
Home Buyer Data• Provide Copy of Digital History to Buyer• Manage the Home Moving Forward
Save Money. Improve Value. Get Organized.
Applications
Financial Plan2017 2018 2019 2020 2021
<5M>
-
5M
10M
15M
20M
25M
RevenueProfit
525k 1.7M 4.5M 11.3M 27.0M<1.7M> <1.3M> <3.5M> <2.1M> 800k
Consumer Professionals Advertising Profit
Many Potential Exits
28M Turbo Tax UsersQuicken Software
Allows Intuit to extend home management software to consumers
Integrate with Quicken and Mint.com for consumers
Extend into realtors and small brokers
Real estate portals with 50M visitors per month
Allows these portals to provide home management software
Currently they monetize realtors /brokers.
Add revenue streams from consumers and advertisers in the whole home lifecycle
Real estate market is one of the largest producers of search traffic
Understanding detailed consumer home data leads to greater consumer insights
Nest in Home IoT can extend into more of the home management space
Amazon has a Home Services marketplace and curated platform
Apple has a HomeKit IoT platform for controlling and connected various home devices.
Allows these companies to integrate with digital home management with their products and extend further with consumers
Home service networks connect homeowners to curated service providers
They can extend their consumer relationship to manage the data about the home
New revenue streams directly from homeowners and additional targets in the real estate process
Personal Finance Real Estate Portal Technology Marketplace Curated Services