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Wisefriend Group 5 - SQUARED - December 2013

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connect.advise.share Dolly Reshamiya Mila Tkachenko Sair Buckle Tommaso Lombardi Heather Bessette Summer Bon Sabrina Strickler Annmaria Reaney Ashley Boss Squared Online, group 5, December 2013.
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Page 1: Wisefriend Group 5 - SQUARED - December 2013

connect.advise.share

Dol ly ReshamiyaMila Tkachenko

Sair Buckle

Tommaso LombardiHeather Bessette

Summer Bon

Sabrina Str ickler

Annmaria ReaneyAshley Boss

Squared Onl ine, group 5, December 2013.

Page 2: Wisefriend Group 5 - SQUARED - December 2013

Professionals, business people, and graduate students need easy and instant access to…

• Advice from trusted experts• Help with specialist topics• Solutions to business issues• Outsourcing tasks or projects• Learning from the best

I need an expert to solve this…

The Problem

Page 3: Wisefriend Group 5 - SQUARED - December 2013

A social network connecting professionals in a community where members can…

• Seek and Share expert advice

• Buy and Sell professional services / training

• Contribute to collective professional growth

Our Solution

Page 4: Wisefriend Group 5 - SQUARED - December 2013

.connect .advise .share

Can you please help me with…..

Categories Industry Log in

.connect

.advise

.share

Log in

Key Resources

Page 5: Wisefriend Group 5 - SQUARED - December 2013

Corporate professionals136m US jobs @ Nov 2013

Subject Matter Experts23m SME in USA

Students/Scholars461K students enrolled in higher education

Graduates

Customer Segments

Page 6: Wisefriend Group 5 - SQUARED - December 2013

• 23 million SME in America account for 54% of all US sales. (SBA)

• 42 % of SME have online presence (Ipsos Media CT)

• 92% of U.S. companies have used social media networks to find talent & potential employees or to hire / get professional help (Jobvite 2012 )

• 97 % of customers will search for businesses online in the nearest future (Ipsos Media CT)

Target SME: USA

Page 7: Wisefriend Group 5 - SQUARED - December 2013

• Google +HelpOuts• Data centre facilities• ‘Sages’ – Thought Leaders:

5 corporate experts; 5 SMEs; 5 students/scholars.• Start-ups and Small Business Owners• Technology Partners • Professional Institutions

Wisefiends Key Partners

Page 8: Wisefriend Group 5 - SQUARED - December 2013

Main Competitors

Page 9: Wisefriend Group 5 - SQUARED - December 2013

Our Strengths

Page 10: Wisefriend Group 5 - SQUARED - December 2013

• Public or private group capabilities to source and outsource services ie consultancy services

• Collective environment to solve problems and work collaboratively

• Google +Hangout integration, frictionless login with SSO • Individual business profiles that act as microsites with

advice and group facilities• Adoption of gamification to keep the users involved and

motivated (future)

Why We’re Different

Page 11: Wisefriend Group 5 - SQUARED - December 2013

• Website• Browser Add-on for easy search• Mobile Web App for on the go search• Expert Talent• Video & training documentation• Professional databases like LinkedIn

Key Resources

Page 12: Wisefriend Group 5 - SQUARED - December 2013

• WiseFriend will be there as both a Moderator and a facilitator to connect you with the right person

• WiseFriend will qualify the experts through a screening process

• WiseFriend will facilitate the classroom and one-on-one time either through a user – friendly interface or if the market allows connecting in-person with sponsored meet-ups hosted by WiseFriend coordinators.

Customer Relationships

Page 13: Wisefriend Group 5 - SQUARED - December 2013

Revenue Generation

USERFreemium Membership – access to 50 contents or questions asked to experts, access to additional content or classes with ad-hoc payments – Paid Seminars and courses

Full Subscription at $30/month or $300/year user subscribes to annual payment plan allowing full access to all content, livestreaming for corporate training be hosted on Wisefriend's platform)

BUSINESSEnterprise Fees – service fees applied on each business transaction made i.e when outsourcing/contacting/hiring a talent/expert/consultant for a project (which must be hosted on Wisefriend's platform)

Advertising – service fees for eDM, banner ads, sponsored listings, advertising platform to reach users via profiling

Break even point in year 2.1.

Page 14: Wisefriend Group 5 - SQUARED - December 2013

• Online display advertising• Partnerships with businesses• Partnerships with institutions / colleges• Organic Search Engine Optimization• Paid Search (Adwords)• Affiliate Networks • Word of Mouth• Some Traditional Advertising i.e. Classifieds• PR Activities (Eg. Articles in online/offline

Business/Career magazines/blogs)

Marketing Channels

Page 15: Wisefriend Group 5 - SQUARED - December 2013

• Platform development • Mobile app development • Finding valuable mentors and institutions/agencies to

work with and developing those relationships• Developing technology for platform • Creating user-friendly tools • Managing the channels and technology • Managing subscriptions and marketing

Key Start up Activities

Page 16: Wisefriend Group 5 - SQUARED - December 2013

Cost Structure (Year 1)We are planning to raise $550 000 to cover:

Pre-operating ExpensesStart-up Development Cost + Mobile App – $ 50,000Initial procurement of thought leaders – $ 20,000Advertising & PR Costs (Digital only) – $ 100,000

Overhead ExpensesFixed Assets – $ 340,000

Operating ExpensesGeneral Administration Human resources (IT, dev, CS, HR, admin)Marketing and promotionConnectivity and serversCustomer service and community management

Page 17: Wisefriend Group 5 - SQUARED - December 2013

Startup Costs• Backend systems – $20,000• Frontend development and design – $15,000• Payment process/gateway and SSL cert – $5,000• Mobile application development – $10,000

Fixed Costs (year 1 estimate)• Server rental – $10,000• Data traffic and CDN – $20,000 • System administration – $10,000

Tech & Dev Costs (year 1)

Page 18: Wisefriend Group 5 - SQUARED - December 2013

Geographical Expansion• 1st year – Focus on US market• 2nd year – Expanding to UK, Canada, Australia,

Netherlands, Germany, India, China, Japan, Korea• 3rd year and onwards – World

Expertise expansion • 1st year - 5 specialist domains/topics• 2nd year - 5 more domains/topics• 3rd year and on - cover all topics by user interest

Ambitious Plan…

Page 19: Wisefriend Group 5 - SQUARED - December 2013

.connect .advise .share

Can you please help me with…..

Categories Industry Log in

.connect

.advise

.share

Log in

Key Resources

Page 20: Wisefriend Group 5 - SQUARED - December 2013

Sair Buckle, Product Development

Heather Bessette Business Development

Mila Tkachenko Idea, Marketing & Strategy

Sabrina Strickler Investor Relations

Annmaria ReaneySocial Media

Tommaso Lombardi, Product Management

Summer BonE-commerce

Dolly ReshamiyaPublic Relations

Ashley Boss Advertising

Founders


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