Roomgroove pitch arial

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1 Presented By: Elliott Counts, CEO eHarmony™ for roommates & apartments.

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Transcript of Roomgroove pitch arial

Page 1: Roomgroove pitch arial

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Presented By:

Elliott Counts, CEO

eHarmony™ for roommates & apartments.

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What is RoomGroove?

RoomGroove is the first website to integrate both roommate compatibility with apartment searching.

Think of us as a way for users to connect before leasing their next apartment.

Searching for apartmentsOur platform allows users to search for apartmentsfirst, find the one they love, and save it. Allowingother users that they match with to view them aswell.

Searching for roommatesRoommates will be able to quantify their compatibility before hand and concurrently search for apartments together online.

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What is RoomGroove? (cont.)

Community BenefitsBy converting single person searches into multiple bedroom leases, apartment communities will now be able to lease larger/more expensive floor plans with ease.

Communities will no longer be dependant upon subscription based marketing services for receiving large volumes of leads in hopes that one of the leads actually applies to current pricing and availability.

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Elliott Counts, Founder/CEOElliott has been involved in the multifamily housing industry since 2009. He has experience, both as a top-producing, on-site leasing consultant for BH Management Services, Inc., and apartment locator for Smart Austin Locating in Austin, Texas. In the past few years, Elliott has created a network of working relationships with a multitude of property management companies, advertising consultants, and business advisors in the Austin area.

Graham Sparrow, COOGraham studied at Austin College with an interest in Microeconomics and Finance. He has been involved in commercial real estate in DFW area since 2009, specializing in industrial warehousing and multi-family development. At 21, Graham successfully co-founded and operated a popular nightlife establishment near the University of North Texas.

Bain Mullins, CTOA graduate of Texas A&M with a Bachelor of Science in Computer Engineering, Bain is well versed in PHP, C# programming, HTML5, and CSS3, as well as many other programming languages. Bain has completed all aesthetic and database development of RoomGroove.com and is interested in expanding his knowledge of emerging web based technologies.

Our Team

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Product

Search by City Find a RoommateView Listings

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Problem

Availability in many major cities has decreased to a marginal average of 2-4% (i.e. San Francisco, New York, Austin, Boston, Baltimore, etc.)

Price has steadily increased throughout those markets, as well. Our product allows users to find reasonably priced living accommodations, or increase their quality of living by maximizing their budget with another RoomGroove user.

No one way exists for renters to search for both roommates and new leases on a single platform.

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Solution

Apartment Communitie

s

Roommates

Renters

RoomGroove™ builds value for renters by allowing them to connect with, & quantify, their compatibilities with like-minded individuals that they could potentially live with long-term.

RoomGroove™ is valuable to apartment communities by providing them with higher quality leases that would have been, otherwise, unobtainable.

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Business model

RoomGroove.com is performance based & charges a flat fee of $399 upon a successful lease signing. Depending on the market and feature viability this number will likely increase.

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• Cedar Ranch• Chateau Duval• Littlefield House• Shanti• The Summit• Ancient Oaks• Archway• Delwood Station• Enfield Court• Escala• House 2500• House 2604• Mueller View• Shady Oaks

• Townhollow• Skyview• Bowman’s Walk• Twelve Oaks• Pecan Creek• Shoal Creek

North• The

Establishment• Saddle Creek• The Enclave• Tambaleo 2208• Tambaleo 2311

Traction

Clients Users

Within one week of post development, RoomGroove had reached over 1000+ non-registered visitors.

We have now reached close to 7000 apartment searchers and registered users are trending at 20-25% conversion rate through all marketing avenues.

We currently have over 350 active users utilizing the RoomGroove platform.

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Client Milestones

RoomGroove has been post development for one month and the following companies have requested to advertise on the RoomGroove™ platform.

(Houston, Texas)

(Baltimore, Maryland)

(Santa Barbara, California)

(Austin, Texas)

(Tulsa, Oklahoma)

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Market validation

Active Roommate Profiles (National)

Roommates.com™

47,490

Roomster™

450,297+

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Competition

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RoommateMatching

Apartment Advertising

Subscriptionbased

Perfo

rman

ce

base

d

More verification

Less ve

rifica

tion

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Competitive advantages

1st to Market

Scalability

Rewards

Design & Brand

As a performance based business, we will offer $120 in rewards to the users that use our service, making it extremely enticing to use our services over other services.

RoomGroove™ is the first website that incorporates new leases and a proprietary roommate matching algorithm.

Our performance-based business model allows RoomGroove to expand exponentially, not only for the users (who receive $120 in rewards upon signing a lease), but for the client base as well. No other company is offering this service to large management corporations.

RoomGroove has successfully branded themselves with beautiful design elements. Branding will continue to thrive upon a series of feature developments.

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Strategic Partnerships

Video conferencing

Geo-location

Background verification

Renter’s insurance

Partnerships with these types companies will assist, not only in the in virality of theRoomGroove™ brand, but also in maintaining the appeal of its users to otherroommates and apartment communities.

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Angel funding

$250,000*Will allow us…• Relocation of RoomGroove, Inc. to Silicon Valley

• Full-time feature development and user/client expansion of new markets

• Hiring of additional developers/sales team

• Expansion of company rapidly to other markets

• Placement of regional teams in various strategic locations to maintain close personal relationships with clients and continue to saturate RoomGroove’s presence in existing markets.

and a 1 year runway. *$3M company valuation.

Current Investors:Hal Sparrow - $30KJon Cardella - $25KAnthony Horton- $10K Total: $65, 000

Remainder: $185K