Download - FasterPants Crowdfunder Edition
Ben Wolff Dan Marques
CEO /Founder CTO
FasterPants Building engines that style clothing.
Creating uplift for secondary sales.
Giving retailer’s customers a great shopping experience.
Financial Overview
2
1. Reduce current & leftover inventory
2. Get more stuff in the cart
3. Slow and clunky user experience
Clothing Retailers 3 Big Problems
3
SaaS + “White Label”
(Consumer Facing Engine)
The FasterPants Solution
4
• FP Core Engine
• Core Technology
Based on actual human styling expertise
Universal: brand & retailer agnostic
SaaS: API for easy integration
• FP Hosted Service
• White Label Consumer Facing Engine
Sales driving software for online clothing retailers
• Seamless visual customization: match client’s ecommerce site
Products
5
Before the FasterPants inlay add-on
6
…After the inlay add-on
7
Thanks! Now check out these outfit solutions
Sourcing their products 3D Virtual
Mannequins
One-Click Select
adds entire outfit
to cart
Styling filters
Sizing
on the page
Near Term: (YE1+) Men’s Clothing Retailers
• Brooks Brothers, Macy’s, Casual Male, Banana Republic,
Bloomingdales, JC Penney, Kohl’s, Jos. A. Bank, Bluefly, etc.
Long Term: (YE2+) Women’s Clothing Retailers
(Some duplicate retailers with women’s lines)
• Brooks Brothers, Macy’s, Banana Republic, Bloomingdales,
JC Penney, Kohl’s, Bluefly, etc.
Market
8
Go to Market Strategy (B2B)
In active talks with $467m clothing retailer
• Planned 2nd presentation in Oct, 2012 with president & ceo
and key stakeholders
In talks with 3 companies:
• Buyou
• ACustom
• Cravatta Pelliano
9
YE1 YE2 YE3 YE4 YE5
Number of Clients 1 5 10 20 40
Earnings per client $30,000 $200,000 $400,000 $500,000 $500,000
Cost of sales 5,000 5,000
5,000
5,000
5,000
Total revenue 30,000 1,000,000 4,000,000 10,000,000 20,000,000
Cost of sales 5,000 25,000 50,000 100,000 200,000
Gross Margin 25,000 975,000 3,950,000 9,900,000 19,800,000
Revenue Streams
10
• Patent Pending
• Inventory cycling algorithm
• Styling filters (Now, Classic, Forward) & clothing type filters
• Automated learning filters
• “Real-Time Trending” data reporting for retailers
Competition
• The old ways of “Like” recommendations
• Bespeak
Barriers to Entry
11
CEO Ben Wolff
• 5 years: Top Salesman for Hugo Boss, plus Bloomingdales & Armani
• Two time Entrepreneur with 10 years as a Wardrobe Stylist (Re-Dress.com)
• Reality Show “Shop! NYC!”
• Creator of the algorithm fueling FasterPants™
CTO Daniel Marques
• Twenty-six Years of IT experience with startups, large enterprises, as
an entrepreneur & team building
Alex Dowad
• Senior Software Developer
Team
12
Core SaaS, built
White Label Hosting Service, build to suit
Inventory tagging system, built
3D Virtual Mannequin, build to suit
Real-Trending Data Reporting, in progress
Business Development, ongoing
Milestones
What’s Next?
• The Women’s Engine
Core Engine Built
White Label Hosting Service Built
Inventory Tagging System Built
3D Virtual Mannequin Built
“Real – Time Trending” Data Reporting In-Progress
Business Development On-Going
13
Financial Overview $19M in Y5. $17.8M Net Income
Product FP Core Engine, FP Hosted Service
Markets Men’s, women’s online clothing retailers
Customer Strategy Small to large companies
Competition Retailers old ways. Bespeak
Barriers to Entry Patent pending technology
Use of Proceeds Team, patents, biz dev, software dev
Management Team Wardrobe Stylist, seasoned IT
Milestones Prototype ready for market
Review
14
Ben Wolff CEO
917.627.0745
www.FasterPants.com
Building engines that style clothing.
Creating uplift for secondary sales.
Giving your customers a great shopping experience.
FasterPants