oribi deck
TRANSCRIPT
Company Overview
Founded September 2015
MVP As of February 2016 over 2,100 customers
Team Iris Shoor, Nevo Elmalem, Alon Shoshani
Co-founder
Product Line Manager
Co-founder
Blogging
VP Product and Marketing
Led the product to 10M users.
VP Product and Marketing. Managed the Israeli site.
Marketing blog – 10K – 50K unique visitors/ month. Startup culture (Hebrew) – 5K – 10K unique visitors/ month
Iris Shoor
Vision
Make data accessible to All businesses
Give every businesses the same advantage enterprise companies have today.
Oribi builds the largest data source of customer trends and costs.
Oribi enables companies to get custom and advanced analytics without relying on
developers.
What We Do
Bring Enterprise Capabilities to Middle Markets
Payments
Stripe
Messaging
Slack
Helpdesk
ZenDesk
HR and Benefits
ZenPayroll
BI and Analytics
Oribi
Initial target market: Companies with an annual online marketing budget of over $100K. Buyer: Marketing departments.
Create a ‘must-have’, easy to use tool with minimal time to ROI
The Opportunity
700,000 companies spend over $100K per year on online marketing. Current solutions serve less than 5% of them.
Over 665,000 of them don’t have data to answer the most basic questions. Companies don’t understand how to leverage their sales funnel, increase user engagement and profitably run their marketing efforts.
Budgets for BI, analytics and visualization software for the enterprise have grown by 10X over the last 5 years.
Over 28M Google Analytics users worldwide.
The Challenges
Collecting data. Mid-size companies don’t have an existing data set for BI.
The main questions keep changing. Continuous updates to sites and products, as well as changes to the top of the funnel (Facebook, Google, Social) requires tools to be dynamic.
Attribution and research for non-developers. Current solutions require developers for the setup and ongoing use.
What is BI /Acquisition Analytics for the Mid-Market?
Creating a personal data set from existing sources.
Auto-tracking of business objectives and correlating it with the collected data.
Providing data on global events and trends for benchmarks and strategies.
Main Data Types Tracked
Business and Product Events
On-Site Changes
Referral Traffic Organic Traffic Paid Acquisition
Content Ranking by Source/ Entry Page
User Engagement
Demo
MVPA simple tool for Facebook Audience and campaign settings’ analysis.
Released – Feb, 2016
Insights Gained Since Launch of MVP
We attracted our target audience. 2,100 companies total. Of them, -120 companies have an annual spend of - >$1M -350 companies have an annual spend of >$200K-65% are US based
Low acquisition cost, high virality = ability to scale fast. -Average acquisition cost is $2 per company-60% of companies started using Oribi based on a colleague’s recommendation.
The collected data is meaningful. -Over 2M results collected.-Total spend on Facebook ads of all accounts is $290M. -Trends and patterns are identifiable (still manually). -Less than 5% of users had concerns about sharing their data. Main feedback – companies have a huge need for more data. -Over 120 feedback-based emails received. -Over 90% were very positive. -The main value was the reduction of cost per lead (‘CPL’). -The majority of requests were for additional types of statistics. - More data is more important than insights or optimization.
Good engagement -50% signed up for weekly reports. -30% returning users.
Insights Gained Since Launch of MVP
Verticals
Retail
BrandsEvents Entertainment
Medical
Finance
Software/Online Services
Education
Current Users
Sample users, last 3 days
Online car insurance
Smart helmets for cycling
Console games
Printing for businesses
Software for real estate agents
Online master classes
Health products
Online tickets for events
Travel
Airline miles exchange
Retail
Competitive Matrix Hi
gh In
tegr
atio
n/E
nter
prise
Au
tom
atic
Partial Data
Comprehensive Data
Oribi
Domo
DatoramaOrigami
MixPanel
PendoHeap Analytics
Intercom
Google Analytics
Amplitude
Adobe
Ecosystem
Looker
Birst
Chartio Domo
Good data
Datorama
MixPanel
Intercom.io
Mob
ile
Amplitude
Tableau Pentaho
SiSense
Pendo
Adjust
AppAnnie
JaspersoftQlik
Zoho reports
BI/ Visualization – Enterprise
Thoughtspot
BI/ Visualization – Mid-Market/ Open Source
In-Product Analytics
KissMetrics
Heap Analytics
Localytics Origami Logic
Site Analytics
Google Analytics
MicrosoftFlurryAppsflyerTune
Adobe marketing cloud
Market Size
“the marketing budget for analytics is growing. It now comprises 34% of respondents' budgets, up sharply from 21% two years earlier… It is also being used to obtain marketing analytics software, which commands a rising 17% of analytics budgets.” Gartner, 2015
Initial MarketAnalytics for companies with an online marketing budget of over $100K/ year $7.8B
Industry Benchmarks
$6.2B
Customer Goal
Q2, 2017 - 1,000 paying customers. 100K companies
Q2, 2019 - 20,000 paying customers. 400K companies
2016 2017 2018 2019Active companies
Paying customers
58,000
600
161,000
5,300
335,000
15,300
522,000
26,800
Business Model Subscription Options:
-By number of events/ data -By analysis level
3 subscription packages based on the amount of data (per month)
$150/m $500/m
$1,500/m
*Free version: Data and archive will be time limited
Milestones 2016 – 2017
Thank You