angel forum slides april 23 pdf
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Social learning and career platform
Cyri Jones & Reza GhaeliFounders
[email protected] | Confidential – Do not distribute
[email protected] | Confidential – Do not distribute
Key Employees Advisors Technology
WordPress, BuddyPressSaaS delivery modelCanadian Hosted
UsersZen Portfolios: 8000District Sites: 4000
Founders Investors Financials
Pre-seed:$155K BCIT Commercialization Assistance Programand funds invested by founders
Seed:Raising $670K
Cyri JonesCEO
Canadian Web Hosting (in-kind)$180K Committed
Matthew McKinney, CWHNkosi Kumalo, KSM Technologies Novak Rogic, Web Strategy, UBC
Brent Calvert – Sales & MarketingBoone Gorges – Development LeadRaymond Hoh – Sr. DeveloperJoseph Fall – LMS IntegrationsBrad Howe – Infrastructure
Reza Ghaeli CIO
Located in North VancouverLaunched 2013
288 East 1st Street, North Vancouver
Products and Services
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
• social learning networks to K-12 school districts
• Portfolio, learning and recruiting platform to post-secondary students.
• Careers and jobs recommendation engine
K-12• Moving to a system of personalized learning but
few tools to implement
Big problems
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Post Secondary
• Losing relevancy – difficulty preparing students for the modern world
• Lack of data required for evidence based decisions• Facing intense pressure to help students be more career
ready
Big problems
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Students / Workers• Online presence and social connections critical• One third of all students unemployable based on
what shows up on Google• Technology literacy gaps
Big problems
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Employers• Skills gap, cost of bad hire -- $10,000+
Government• Labour market inefficiency
• Reduction in economic output due to skills gap -- 5-10%
Big problems
Sources: CMEC, Teulings and Gautier (2011)
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
K-12900 - School Districts
15,500 Schools5.5 - million students
Post Secondary 346 – Universities and colleges
10,000+ - Undergrad and grad programs806,000 - Full time students
Recruiting NumbersCost of bad hire - $10,000+
Reduction in economic output due to skills gap – 5-10%
Target market – Focus on Canada initially
Sources: CMEC, Teulings and Gautier (2011)
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Competitors
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Open Source• Mahara, Sakai
Proprietary• Pebble Pad, Pathways, Digication
LMS• Desire2Learn, Canvas
Social Learning• Edmodo, Google Apps
Web Tools• WordPress.com, Weebly
Recruiting Tools• LinkedIn
Management Team
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Team Member Role
Cyri Jones Founder & CEO
Brent Calvert Sales & Marketing
Reza Ghaeli, Ph.D. Data Scientist
Boone Gorges Lead Developer
Joseph Fall LMS Integration
Brad Howe HostingInfrastructure
Competitive Advantage
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Open source approach• WordPress, BuddyPress
Data model• Continuously improving, machine
learning
Sales and marketing team• Deep domain experience, quick
moving
Regulatory advantages• Temporary privacy barriers for US
competitors
Business Model
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
K-12• Set up fee, recurring monthly revenue,
managed but custom install per district
Post Secondary• Set up fee, recurring monthly, industry
subscriptions• SaaS
Employers• Recruiting services
Exclusive deals• Locks up data stream
Employers can search directory and filter
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Before viewing full portfolio, summary available
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
To dig deeper, can view full portfolio
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Social learning capability, complements or replaces LMS
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Financials
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Asking for• $850K at $2M pre-money valuation
Getting• Opportunity in large, growing market• World class management and devs• Existing market traction and $300K
sales pipeline• Exit within 5 years at target of $50M+,
15x P/E• 20x ROI target• Opportunity to positively impact
education
[email protected] | Confidential – Do not distribute288 East 1st Street, North Vancouver
Follow up investor meetings at Zen Portfolios office,288 East 1st Street, North Vancouver
Wednesday, April 30, 2014, 9 a.m. to 11 a.m. Wednesday, May 7, 2014, 1 pm to 3 pm
Thank you for your time and consideration