[Startup Nations Summit 2014] Competition - Australia

Post on 25-Jun-2015

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Danny Adams Co-Founder, GoFar

Transcript of [Startup Nations Summit 2014] Competition - Australia

NOW you’re in the driver’s seat

TRIP COSTS

INSURANCE SERVICING

$100 billion

INFORMED DRIVING Costs clear

Waste obvious

Seamless savings

SAVES $1,000

SENSOR FILLED SMART DEVICE APP

TRIP COST

$6.45

ALWAYS ON ECO-DISPLAY

$282 billion market

1 billion cars 65m new cars

12x growth in 5 yrs

* Machina Research ** ABI Research

*

**

Strong interest to buy at $99

0% 5% 10% 15% 20% 25% 30%

24%

15% Very interested

Interested in buying

“Shut up GoFar and take my money”

Source: 700 driver interviews by FlyResearch, 2014

Media driving corporate interest

Great traction with

large fleets

Approached by fleets with 160,000+ cars.

First paying customer

“This is an easy decision for a CFO to sign off”

“we see it as a natural sell into our clients”

WHY BUY?

SAVE $1000 / YEAR

SAVE LIVES

DRIVER CENTRIC

+

HELPED LAUNCH START UPS

Oxford University. INSEAD MBA. Led

marketing on 3 $100m start ups

IAN

Data scientist. Firmware. IBM. 2nd in India’s Maths Olympiad

IMAM

Founder. Aerospace Engineer. 8 yrs

technical development at 3M

DANNY

1st in Mechatronic Engineering. UX & hardware designer.

CAMERON

WORTH $1BN

GoFar so far

No 1 Founders Institute 2

patents

1st customer

NOW

22% fuel savings

22%

Kickstarter

K Strong team

No 1 start up

Winner

ian@gofar.co

danny@gofar.co

GoFar.co

GoFarCar

Now you’re in the driver’s seat

2 successful Kickstarter

projects grossing $1.3m

212 designs so far