friendsvow pitch deck
Post on 26-Jun-2015
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The new innovative way of connecting people with credit online…
"All Business proceeds on beliefs, or Judgments of probabilities, and not on certainties" Charles
W. Eliot
ABOUT FRIENDSVOW
• Imagine facebook as a network that generate credit for friends
• Your online social friends are now your revenue streams…
• A Social Collective Contribution Network, that offers freedom to create cash within a
group without any fear of default…
• A massive network that will create viral domains…
• Our IP will make us a giant in the field of social collective contribution network
• Its the free easy way to make money online
• Our Weekly, Monthly or quarterly payout are going to be in the range of thousands,
to millions of cash at no time are we going to miss a week from non compliance or
default.
• Its going to be a Network within a network which will provide a native defense
against disruption…
• We are going to lead the social lending sphere because we will provide the scarce
alternative that will enable entrepreneurs having funds before they create, not create
and look for Funds, the world as you know it for fund raising has changed…
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
VISION / ELEVATOR PITCH
• (A new way to connect your friends with a line of credit)
•“making money online is now by the click of a button”
• (“ We have democratize online credit”)
• (“We are connecting social network with peer to peer lending.”)
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
TRACTION
Presently we generate 30 signups a day in open beta and a 100 unique a day
The point is if our competitor can have the impact they are having using our
surface concept taking from our BETA launched, what will happen when we the
ORIGINALS launched properly, we have been native users of this concept
offline for years, we are about to disrupt the future of social payments and
online lending.
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
GOOGLE ANALYTICS TRACTION
WE ARE PRESENTLY IN OPEN BETA
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
We are in the business of leveraging the Billions of social media
users & turning them into friends with benefit…
Total number of users on social media today: 2 Billion People plus…
Connecting those 2 Billion people into online groups that makes money off
each other is our ultimate goal, making the ultimate Social Collective
contributory Network.
This will verify our goal of creating a Social Network of Money
by Merging Social & Payment…
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
THE PROBLEM 1.) Two billion users on social network and no one is making money with their account.
2.) No Social Network platform is making profit right now nor is anyone provide cash to its users
3.) The default rate on online social lending is high.
4.) How do we connect your social network account with your payment platform of choice, so you make
money, like facebook and paypal? 5) How do we stop someone that knows he will default, from defaulting
6.) How do we make sure when people contribute within a group everybody receives his share in due time?
Creating a system that will make default on payment the least option to take, even if a user can
default, they wont.
Connecting social network and your payment platform so you and your friends can make money.
It’s the best use of having a social network account especially if its community based, knowing
that soon you will start making money with your account .
Turning your facebook, twitter, Ning , googleplus, accounts into a bank account, they are now a
community where you can interact with your contacts to generate revenue streams without default.
We are experienced native users of this concept offline, we understand the nuances involved, we
pioneered this particular concept online with the date and time stamp to prove.
There are various ways of checkmating each user that wants to default, without taking away his
privacy or freedom, those are what we have mastered aside that our IP is based on…
# Hint: Probability theory #TWEAK YOUR MINDSET
If You want to know more, you must be a Verified Investor with Friendsvow
Solutions
PRODUCT / SERVICE/
CUSTOMER INFORMATION
"All Business proceeds on beliefs, or Judgments of probabilities, and not on certainties" Charles
W. Eliot
PRODUCT / SERVICE/
CUSTOMER INFORMATION
"All Business proceeds on beliefs, or Judgments of probabilities, and not on certainties" Charles
W. Eliot
PRODUCT / SERVICE/
CUSTOMER INFORMATION
"All Business proceeds on beliefs, or Judgments of probabilities, and not on certainties" Charles
W. Eliot
PRODUCT/SERVICE "All Business proceeds on beliefs, or
Judgments of probabilities, and not on certainties" Charles W. Eliot
REVENUE MODEL
Differentiation between personal, groups and business accounts–Personal accounts are free, they can only do what other users do in a regular social network platform like facebook, Google+, NING, LinkedIN or chartrooms etc
–Group accounts will be charged 1.5% + 15cents per transactions
–Business/premier accounts are charged 2.00% of incoming funds + 30 cents per transaction
Advertisement from companies, NGOs, Organisations who wants to draw attention to their causes to be shown only on personal accounts
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
REVENUE MODEL WHY IT WILL WORK… Easy transition & use of existing infrastructure Word of mouth marketing and mixed money pull. Popularity of the social networking genre mixed with payments with online friends
group contribution without fear of default will appeal to a wide audience , we will incorporate what has been popular already and makes it more appealing
Dichotomy between business, groups and personal accounts will creates demand New recipients must register and get a trusted verified payment platform to receive
funds, this is to build confidence, in FriendsVow, and when users see they are going to get the funds to the already known payment platform, they will have no option but to extend that trust to FriendsVow
Bazaar: This is where new users without a group or friends to invite goes to look for vacant groups to join by amount and category, the new member will be able to choose from the groups by amount and time frame.
The program Algorithm based on Conditional, Random and Risk Theory will checkmate default to zero% which will inspire users to keep using the program and doing word of mouth marketing
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
MARKETING & GROWTH STRATEGY
Users are looking up to SOCIAL LENDERS, PUDDLE,
CROWDFUNDING SITES and all these do not really fulfill the satisfaction
that is derived from the Give and take culture which we provide nor the
fundamental freedom that’s is engraved in our DNA as humans.
Our advantage is that we have democratize online credit to include normal everyday people, not just
businesses anymore, now your friends can provide the funds you need online, its not just investors who will
provide the funding for you, we provide an immediate human satisfaction of give and receive, we already
know whom are our target markets and where we fit in, its not going to be all segments of society
immediately, buts as far as you have a social network account preferably facebook , twitter, googleplus and
a payment platform that is verified, you are can be a part of a VOW TEAM…
Our Advert mode will be our users and Word of Mouth!
We have totally eliminated the fear of default and everybody anywhere in the world can start a group
receive payment that first day or week, depending on how fast the group members responds.
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
MARKETING AND GROWTH STRATEGY
Value of FriendsVow network increases as membership levels rise
User base will grow to over 2 million users in 16 months (increasing at 8,000 signups per day!)
500,000 fee-paying accounts
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
TEAM
BUILDING TRUST IN OUR TEAM TO DELIVER ON OUR PROJECTION: All the great companies
we made references to today, Microsoft, Apple, Google, Facebook, Paypal, they started with an
unknown founder who disrupted his niche not because they were experts before they started out, but
because they understand their brand, and they were giving the chance to prove themselves, they
understood the identity of what they wanted to create when nobody gave them a chance, right now
what we offer is an opportunity not being tackled, which we can provide solutions for and this is our
time to take it on, someone has already taken our concept and gone live with it, because we have not
been invited to the table yet, its time for us to come out now, challenge them and beat them by our
superior products, we will welcome new roles and new ideas, but right now, right here we deserve the
chance to kickstart this process, this is our here, this is our space, lets not let any preconceive notion
deny this team the great chance to make our dent in this universe.
Colyns Ehys… Founder. Successes: avatar.com.ng,
domain expertise DEVELOPER & UX DESIGN…
BADMUS JIMOH: Product Development Msc Bus Information
Technology, gidimarket.com…
Joshua Ejiofor: designer/coder- buildreamhomes.com, osusu,ng…
Gangandeep Singh: Engineering and Systems
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
FINANCIALS
RISK GETTING ENOUGH USERS TO CREATE AND MAINTAIN EACH
NETWORK THE FIRST YEAR.
INDIVIDUALS THAT WILL COLLECT ON THE LAST WEEK OR MONTH
ARE APPREHENSIVE BECAUSE THEY ARE COLLECTING WHAT THEY
HAVE SAVED, HOW TO ENCOURAGE THEM TO STAY THE CAUSE.
HAVING AN INVESTOR WHO WILL HAVE TRUST IN OUR TEAM TO
DELIVER ON OUR PROJECTION:
HIGHLIGHT OF 3 YEARS REVENUE STREAM
• Total Customers 2 Million a year *3 years.
• Total Revenue 500,000 FEE paying customers * 3years
• Total Expense: = $3,000,000MILLION
• EBITDA
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
COMPETITION
Puddle.com, peer-to-peer lending sites, etc, but not one of these has our niche, we have created a new innovative way of connecting social network users with credit, we are bringing an age old tradition of group contribution online, this will democratize the social lending space, while these users are still using the old model of peer-to-peer lending we have democratize peer-to-peer lending by eliminating default ZERO% default ensures no risk . Our Advantages? We have an IP that makes us the defactor leader in this space before we even launched,
we created this concept online and have practiced it ourselves offline for years before deciding to make it
universal, all the competitors I have identified so far none of the founders have used this concept themselves
before they launched, it might not be a criteria but it is easier to implement a program, when you understand
the fundamentals from the ground up, like the pressure that comes with taking other people’s cash and
contributing your own when's its your time, Imagine when after we launched how easy it will be to implement
such policies, we will check and Verify and create a plan B, that benefits the whole network in case of an
emergency …
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
INVESTMENT
We are Raising $150,000 Thousand dollars as seed for equity or debt.
Because that’s what Steve started with.
Our timing is 1 year from the date we get the funding, our wireframes,
prototypes and work schedule are all set to go. So it will take a 45 days
or less to test run the system before deployment.
Our Notable Investor is Eghosa Omogui, of EchoVC Pan African
Venture, he has Committed a $100,000USD Equity
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
INVESTMENT BREAKDOWN OF Use of Proceeds (as % of total raise)
8% for Founder Salaries,
Sales & Marketing… 15%
New hires 12%
Technology / Product or Service development 45%
Capital expenses / equipment 20%
"All Business proceeds on beliefs, or Judgments of probabilities, and not on
certainties" Charles W. Eliot
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