SoundFit’s 3D Desktop Scanner: 1 Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro,...

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SoundFit’s 3D Desktop Scanner: 1 www.SoundFit.me Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: [email protected] (408) 385-1014 http://angel.co/soundfit

Transcript of SoundFit’s 3D Desktop Scanner: 1 Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro,...

Page 1: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

SoundFit’s 3D Desktop Scanner:

1www.SoundFit.me

Scott McGregor

CEO & Founder

1031 San Leandro Blvd, San Leandro, CA 94577

Contact: [email protected] (408) 385-1014

http://angel.co/soundfit

Page 2: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Overview

• Changes the world of Desktop 3D Scanning, & Custom Mfg, with a 3D fax.

• For Clinic, Office, Home, and Point of Sales Custom Manufacturing markets.

• Disrupts manufacturing, shipping, retail.

• Saves your hearing and makes custom fit items inexpensive enough for the entire world to own.

www.SoundFit.me 29/28/13

Page 3: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

SoundFit Market Segments

www.SoundFit.co 3www.SoundFit.me 3

Page 4: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Problem / Opportunity

• With a 3D printer you can replicate the

shape of any product that you can

mathematically design…

• A 3D scanner can capture physical

objects we can’t mathematically design.

• Now you can do both - in a home,

office, clinical, or retail setting.

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Page 5: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Our Advantages

• Small: Fits on a desktop.

• Fast: Scan in a minute.

• Easy: One-click scanning, no calibration.

• Inexpensive: $100 / month service.

• High Resolution: Under 100 microns.

• Full Color: Appearance, not just the shape.

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Why now?

• Cloud computing makes photogrammetry affordable.

• Low cost 3D Desktop printers drive demand for 3D models.

• Custom Fit & Mass Customization growing.

• Changes in shipping costs and delivery times drive

manufacturing closer to Point of Sales.

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Development Roadmap

• 3D Desktop Scanner: for Audiology market.

• 3D Desktop Scanner: for other markets.

• 3D Desktop Scanner + 3D Printer = 3D Fax.

• 3D Point of Sales Kiosk:

Integrated Scanner + 3D Printer Kiosk

Page 8: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Demo - Our First Alpha User:

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Page 9: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

First Impressions of an Alpha User

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Page 10: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

First Impressions - Saves Time

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Page 11: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Sales and Marketing

• Beach head market: Audiology & Communications

– Custom Fit earpieces:

• Hearing Aids,

• Communications & Music,

• Hearing Protection

• Alpha test: Pacific Coast Laboratories (PCL)

• Beta: 4 North American and 1 EU manufacturers

• Expertise: Channel partnership with PCL

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SoundFit Competitors

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Page 13: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

SoundFit vs. Competition

3Shape H600

Siemens I-Scan

SoundFit SugarCube

Cost $ 6,500 -$12,000

$10,000 -$20,000

$100/month

Speed 2 minutes per scan

3 - 5 min per scan

1 min/scan

Ease Complex UI Frequent calibration

1-click, no calibration

www.SoundFit.me 139/28/13

Page 14: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Initial Business Model

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• Revenue Model:– Monthly scanning service (Recurring revenue)

• Pricing:– $100 & up / month tiered pricing based on usage

• Initial Target Customers & Channel partners: – Hearing Aid Manufacturers & Audiology Labs

• Users: – Audiologists & Communications Dealers

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Revenue, Costs & Gross Profit Per Unit

$ Per Unit Year 1 Year 2 Year 3 Total

Revenue (Services) $1200 $1200 $1200 $1200

Manufacturing cost $600 $600

Marketing cost $200 $200 $200 $600

Operating cost $100 $100 $100 $100

Total COGS $900 $300 $300 $1500

Gross Profit $300 $900 $900 $2100

Gross Margin % 25% 75% 75% 58%

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Expected Scanner Operating Lifetime >= 3 years

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Market Forecast

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Year 1 Year 2 Year 3 Year 4 Year 5

Audiologists (US & EU Mkt)

48k 50k 52k 54k 56k

Other NewServable Mkts

- - 50k 100k 200k

Total Mkt size (SAM)

48k 50k 102k 154k 256k

Units in service (SOM)

1.2k 4.8k 9.6k 19.2k 38.4k

% of total mkt 2.5% 9.6% 9.4% 12.5% 15.0%

Page 17: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Financial Forecast

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Year 1 Year 2 Year 3 Year 4 Year 5

# of customers 1.2k 4.8k 9.6k 19.2k 38.4k

# of employees 10 15 30 45 90

Sales $1.44M $5.76M $11.52M $23.04M 46.08M

Expenses $1.08M $2.16M $4.43M $11.52M $23.04M

Gross Profit $0.36M $3.60M $7.09M $11.52M $23.04M

Operating Expense

$1.20M $1.80M $3.60M $5.40M $11.80M

Profits (Loss) (0.84M) $1.80M $3.49M $6.12M $11.24M

Page 18: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Team

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• Scott McGregor, CEO, Product Visionary

20+ yrs. serial entrepreneur, product executive.

Co-invented Web Conferencing, Prescient Agents.• Ben Simon-Thomas, Marketing

Marketing and Social Media Strategist.• Ray Alley, Chief Scientist

Physicist, Engineer w/ 20+ yrs in optics & imaging.• Akien MacIain, Manufacturing

20+ yrs in Software, QA and Manufacturing.• David Robb, Project Manager

20+ yrs in Software, Hardware & Project Management.

Page 19: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Key Advisors

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• Monte Martinez, CEO, Pacific Coast Laboratories

Audiology & Communications manufacturer

• Thomas Loker, Health care Author

Previously CEO of headset & audiology company.

• Adrian Amelse, Retired executive

previously head of Cisco Emerging Businesses.

Page 20: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

SoundFit Partnerships

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Page 21: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Status and Milestones

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Milestones

Oct 2013 Nov Dec Jan 2014 Feb Mar

Alpha ends Beta Starts Beta Beta Production Production

Founded Jan 2012

First Photogrammetry Prototypes Oct 2012

PCL Partnership Jan 2013

Audiology Now (Alpha) Prototype; Seed Round I Apr 2013

Alpha I test starts Jul 2013

Autodesk ReCap partnership Aug 2013

Alpha test 2; 1st fully automated models in cloud Sep 2013

Beta HW Design complete; Mfg starts Oct 2013

Planned Milestones

Page 22: SoundFit’s 3D Desktop Scanner: 1  Scott McGregor CEO & Founder 1031 San Leandro Blvd, San Leandro, CA 94577 Contact: Scott@SoundFit.Me (408)

Follow Us:

www.SoundFit.me 22

Scott McGregor, CEO & Founder

1031 San Leandro Blvd, San Leandro, CA 94577

Contact Us: [email protected] (408) 385-1014