Date post: | 11-Jan-2017 |
Category: |
Software |
Upload: | sam-butler |
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Raise More Money | Fund Better Teams | Achieve Larger Exits
Outset.vc | 41 Peabody St. Nashville, TN | 615.879.7488 | [email protected]
Source Data: BLS, F6S, seedrankings.com, Center for Venture Research UNH 2013
Market Validation/The ProblemStartup Math
The Valuations
SolutionQuantify
Collaborate
Automate
Update
Market Size
56,000$17mm
Accelerated Companies/YearTotal Addressable Market
Number of Angel + Venture InvestorsTotal Addressable Market
Businesses that seek Investment/YearTotal Addressable Market
Source Data: BLS, F6S, Angellist, Center Venture Research 2013 UNH, PWC, NVCA
300,000$1B
87,500$210mm
Business Model – Phase I & Phase II Roll out
Serving the same client at different stages in the pre/early revenue lifecycle
11,200
Phase I – Accelerators20% of 56,000
Cost Per Company Per Cohort
$300 $3.4mmARR
8,950 $50/mBlended Monthly Revenue
$4.5mmARRPhase II – Follow on & New Co’s
65% Follow On Usage & 1,750 New Co’s
Business Model – Phase III Role Out
9,000
Phase III – Angel + Venture Investors – 3% of 300K Investors
$300/m $32.4mm
ARRMonthly Rate per User
Total ARR Opportunity… $40.3mm
Market Adoption• Direct Sales
– Current Strategy– 50% cold email
response rate– Beta test 10/15/15
• 5 accelerators• Wait list• Up Global, Iron
Yard, PIE notable beta testers
• Channel Partners– Global Accelerator
Network– Angel Investor
Groups– National Venture
Capital Association– Launch TN & other
state funded entrepreneur organizations
• Industry Events– Tech.co– SXSW– Startup Weekend– Techcrunch
Disrupt
CompetitionDirect Competition Current Alternatives
Competitive Advantages
•All functionality based on customer demands•Only what matters is built nothing elseCustomer
Built•Laser focus on solving problems logically•Beautiful UX/UIDesign
Focus
•Developed inside industry leading accelerator
•Deep industry knowledgeJumpstart Partnership
Team
Sam Butler• CEO/Founder• Serial Entrepreneur• Heavy data analysis
background, algo trading & investment management
• $7mm raised for alternative asset management co.
Chad Wright• Potential CTO/Co-
Founder• Technical Lead• 10+ Years Front End
Experience• Worked in venture
backed companies
Alex Vykaliuk• Developer• 4 Years Python/Django• 4 Years Javascript
Board
Charlie Penner• Technical Advisor• Director
Engineering Support Digital Reasoning
• Hack Tennessee• Machine
Learning/Python
Drew Hart• Finance &
Revenue Advisor• Finance &
Accounting CEO - Inflammo
• 10+ Years Investment Banking & CFO Experience
Zack Terry• Operations &
Strategic Advisor• Operations Lead
Jumpstart Foundry
• Deep Operational & Strategic Expertise
Marcus Whitney• Board Observer• Technical,
Strategic & Operations Experience
• Vast Industry Connections
Goals – Next 6 Months
REVENUE!
Build v.01
Find CTO/Co-Founder
Roll Out MVP
Ask
• Seeking $250,000 for SAFE $1.5mm cap Outset Data Corp. (a Delaware C-Corp.)
• Business & Administrative Expense - $1,250/m• Further Infrastructure Build Out - $10,000/m• Business Development - $2,500/m• Affords 18 months of runway– Goal to not raise any additional capital