public verification inc crowdfunder-text
TRANSCRIPT
INTEGRATED SPACE FOR TRUST
SERVICE
Public Verification Inc.
Bellevue, WA September 2012
https://publicverification.com/
Headquarters: Founded:
Problem
Reputation manipulation
Online business losses due to fraud
Annual time and money lost to cybercrime $114B*
Annual total loss of time for victims in 24 countries $274B*
* Norton from symantec research
Solution
Generic identity management service, aka “Space for Trust” platform
User accreditation under 1 minute
Super-easy to integrate
Infrastructure-based
Already serving Russia
Market
Online stores
Social networks
Payment systems
Mobile
Kids websites
Jewelry e-business
Real estate
“22% out of 500K users say they want personal verification available in e-commerce and social web spaces .”
Independent Twitter-based Study
Competition spectrum
Advantages
Open market niche for identity provider.
Long-term product and technology vision.
Advanced innovative technology.
Uniform and easy to integrate solution.
Contracted with popular websites for integration.
Business model
3 months 6 months 1 year
Service Basic integration with 10+ small & medium size partners in Russia
Deep integration with larger size partners in Russia
External integration. Scaling to US & EU
Technology API <IFRAME>/<script>
TURNKEY solution ENTERPRISE user-facing product, aka SPACE FOR TRUST platform
Sites shax-dag.ru, youdo.ru, sharvili.com, pfinance.net, yamilima.com, Hantim.ru, besttrud.ru, superjob.ru, doctornet.ru, Anyinf.ru, LovePlanet.ru, WannaFun.ru, teamo.ru, eruditor-group.com
+molotok.ru, free-lance.ru, payonline.ru
negotiating with: odnoklassniki.ru, mail.ru, mamba.ru
Daily users (share) 5M (>5K) 30M (>30K) 100M (>50K->xM)
Monetization $x/per user $x/per action Subscription-based $xx/time period
B2B
focus on partnership
B2C
focus on user endorsement
Distribution & Marketing
Friendly partners in Russia. 30M audience combined.
Deep integration with mature platforms.
Going viral in the social world.
Traction
Built strong team and scalable product.
Streamlined per-customer solution prototyping.
Raised angel funding.
4 patents: 2 completed, 2 pending.
2 press interviews.
Released a web commercial.
First launch with 10+ popular Russian sites.
Partners
10+ popular web sites in Russian sites have requested integration.
Signed license contracts in RU.
Secured a contract with US data provider.
Negotiating with other data providers (EU & US).
Investment opportunity
Seeking for $1M investment.
Offer Convertible Notes terms (preferred) or stocks.
Accept multiple trenches.
Team
CEO – Dmitry Korolev. Specializes in Machine Learning and big data analysis. Previously worked at Google, Microsoft (Bing), Facebook. Holds a record of hitting top 50 World’s Best Programmers.
CFO & Business Development – Arsen Kazibekov. Grew several web-based businesses from scratch. Founded 4 Russian leasing companies from scratch, each of them hit Top 100 largest in Russia.
Head of Engineering – Ivan Sagalaev. Software Engineer, worked in Yandex, Django, Telephone.Ru. Accomplished technical blogger and open source evangelist.
