caixa empreender award | mygon (beta-i)
TRANSCRIPT
Lisbon – January 2015 - CONFIDENTIAL -
OUR VISION
| 2
The most complete local services
directory
THE OPPORTUNITY
| 3
“Local it’s huge, is the Holly Grail of the Internet” Sheryl Sandberg, COO Facebook
Mobile advertising Spend (billion $)
2014 E 2017 E
18.0 b$
41.9 b$
PROBLEMEven the best businesses have slow business periods
| 4
| 5
LACK OF ALTERNATIVESTraditional advertising is costly
ONLINE ALTERNATIVES ARE NOT SUITED TO SMB AND LOCAL
Simple to use
Hyper local
When the merchant needs û
üü
û
ûûû
ûûû
ûü
Only 3% of the advertsing budget of SMBs goes online
MYGON – THE SOLUTION…CONVERTING MERCHANTS INTO ADVERTISERS
| 7
• Only pays per customer that goes on
low peak periods – Success Based
• Instantaneous and in Real Time
• Simple to use - receives money directly from the customer
More merchants advertise with MYGON when compared with other advertising platforms
AND THE END USER? THE GO-TO APP BEFORE PURCHASING AT A LOCAL STORE
The most complete local services website/app directory | 8
• Pricing Menus and other relevant information from thousands of merchants
• Reviews from friends and other users
• Real time Promotions and Daily Menus
• Integrated Booking System
• Every time uses MYGON Wins Points that can change later for additional discounts in any MYGON merchant
•More than 2.000 merchants – Largest network of paid campaigns in Portugal
•Over 150 thousand registered users and over 100 K App downloads
•High satisfaction of users - 4.5 out of 5.0
METRICS
| 90
10
20
30
40
50
60
70
I Sem 2013 II Sem 2013 I Sem 2014 II Sem 2014
Thou
sand
s
Revenues (€)
Higher LTV
Lower CAC
Snowball effect
3€ +12€
User Lifetime Value (LTV)
(2 years)
Customer Acquisition Cost (CAC)
(user that makes a transaction)
METRICS
| 10
More merchants advertising with MYGON
2.0
2.5
3.0
3.5
4.0
fev/13 mai/13 ago/13 nov/13 fev/14 mai/14 ago/14 nov/14Eu
ros
Generated value first month
NEXT STEPSFull launch at a bigger market
Launch in UKRound to close on second semester 2015
| 11
2M€
| 12
ContactsRicardo VilaresMobile:+351 96 484 07 67E-mail: [email protected]
Francisco ChavesMobile: +351 91 761 20 80E-mail: [email protected]
THANK YOU FOR YOUR TIME
EXIT STRATEGY
1000 restaurants
USA Set-2012
30M€ 1000 merchants
USA: Oct-2013
40M€
12.000 restaurants
France May-2014?
| 13
•M&A with similar businesses:
High relevancy of local content
Connection with thousand of merchants
Local advertising companies
Mobile payments companies
Perfect
target
Buyer Why?
Increase user retention and MYGON top of mindAdditional revenues streams (advertising, additional services to merchants)
PORTUGUESE MARKET POTENCIAL
| 14
How to increase revenues?Increase number of users
10k€
25kUsers with bookings
Monthly revenues
Currently Possible scenario
Market potential
100k€
250k
2M€
5M
COMPETITION ON THE USER SIDE
| 15
Merchants density
User reviews
ûûû
üü
üReal time info
Booking system
Loyalty system
ü
üü
ü
û
ü
û û ûü ü û
üû üû
ûû
üPricing menus
ûûü ûüReal time promosü û üû û
GO TO MARKET SPAIN
Launch in UK – city by city
| 16
Content Team
Full Commercial team
API integration
User soft launch
1 2 3 4 8 9
User Full Launch
10 11 1265 7
Small commercial team
Month
MOBILE PAYMENT INDUSTRYMedium term oportunity
Problems that mobile payment business model faces:×No incentive for the user to use a mobile wallet×Users needs to pre-pay×Require an eco-system with both users and merchants
Launch in Spain
| 17
The loyalty system and the marketplace created can make MYGON an important players in this
sector
KEY METRICS
(2)User Lifetime value
Lifetime value of an user is more than three times higher than the cost of acquiring him| 18
jan fev mar abr mai jun jul ago set out nov dez
dez/14 - - - - - - - - - - - 4 047 4.2nov/14 - - - - - - - - - - 4 650 624 4.3out/14 - - - - - - - - - 3 958 802 552 4.2set/14 - - - - - - - - 3 343 594 443 403 4.9
ago/14 - - - - - - - 3 682 640 449 496 401 5.0jul/14 - - - - - - 3 670 663 414 396 389 335 5.3jun/14 - - - - - 2 446 413 365 334 260 273 185 5.7
mai/14 - - - - 3 093 524 444 376 334 390 430 377 6.3abr/14 - - - 2 898 647 426 509 423 369 461 418 445 6.8mar/14 - - 4 184 732 590 509 565 542 550 479 455 445 7.1fev/14 - 4 341 1 238 795 817 616 689 688 703 708 669 655 7.5jan/14 6 357 3 771 2 508 2 116 1 734 1 503 1 710 1 634 1 516 1 585 1 468 1 493 12.2other 2 382 2 093 2 304 1 883 1 850 1 461 1 835 1 833 1 732 1 863 1 770 1 933
Não reg. 209 108 52 26 35 29 26 26 29 33 21 14TOTAL 8 948 10 312 10 286 8 450 8 765 7 513 9 861 10 230 9 966 11 175 12 283 11 910
Generated value until 30-
Dez
Month
Reg
istrat
ion
mon
th
2013 2014
| 19
TEAM READY FOR INTERNATIONALIZATION
Names Position Background
Ricardo Vilares Co-founder & CEO Tech & Mobile Entrepreneur sucessfully co-founded 3 startups. Prior experience in Mergers & Acquisitions with international experience.
Francisco Chaves e Ricardo Portela CTO Software Engineer with strong experience in mobile software and mobile payments solutions
Euclides Major Co-founder & Board Member Prior experience as an Investment Professional with international experience in financial services within EMEA region. International MBA at Instituto de Empresa
Gonçalo Nicolau, Marta Gomes, Rodolfo Viola, Jonny Rodrigues
Inside Sales Several years of sales experience, GN and JR have sales experience in Spain
Joana Ferreira, Cristina Palma, Filipa Inácio Content Editors Communication degrees, SEO, experienced team
Carlos Bispo Digital Marketing Several years experience in digital and social marketing
| 20
ORGANIGRAM
Sales Content IT
Head of Sales 3 people CTO+Outsourc.Currently
6 people
RV
Co-Founder & CEOEM
Co-Founder & Board Member (non-exec)
Board of directors
RV + EM + GB + MF + SN + PC
Marketing
To hire Portugal
4 people
1 people
Head of Content
To hire Structure
To hire Spain
6 people
2 people1 people
1 people 2 people