UberAdvisors Your ambitions. Our advisors. The online marketplace connecting high school students...
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Transcript of UberAdvisors Your ambitions. Our advisors. The online marketplace connecting high school students...
UberAdvisorsYour ambitions. Our advisors.
The online marketplace connecting high school students and admissions consultants
UberAdvisors Marketplace
Message Exchange
Phone Conversations
Video Conference
Solution
High School Students
Admissions Consultants &
College Students
Business Model
Monetization
Free sign-upsPublic High School
StudentsCurrent
Undergraduates
UberAdvisors
Professional Admission
Consultants
Advertisement – Test Prep, For-profit education, student
loans, etc
> $1Bn market for selected
verticals
Domestic $700M market
International> $10Bn market
Professional Admission
Consultants
Pawan Nrisimha, CEO• Intel, Program Manager - Strategy and Operations• Co-founded UberEssays.com and travel freak
Team
Kartik Shah, CTO• Cisco, Software Engineer• Co-founded UberEssays.com and computer geek
Thomas Chuang, CFO• GGV Capital, Senior Analyst• CPA and dog lover
Sameera Gutta, CMO• Box and Twitter, Product Design and Marketing• Social Media Rockstar
Harvey Duan, COO• Co-founded SlickSeats.com and UberEssays.com• Business school drop out wannabe
Barriers to Entry
High School Partnerships
AdvisorRatings
Content & Data
Parent Teacher Association/Organization
Traction: Professional Advisors
Dr. Don Martin, Ph.D.gradschoolroadmap.com
“I like the rating system for consultants, haven’t heard of that before. I am willing to do free webinars for the high-school students”
Jason Ma blogs.forbes.com/jasonma
“I am happy to pioneer as an elite advisor, and also mentor your entrepreneurial team”
Dr. Rachel WinstonIECA member
“what you are doing sounds interesting. I enjoy writing and have numerous publications that I can share on your website”
Independent Educational Consultant Association (IECA) member
20+ years of advising21 on board
Traction: High school students/parents
200+ high-school student sign-ups
Personal conversations
Landing Pages Facebook
Mills High PTO, Burlingame
Pablo Luther, Pres Los Altos school board trustee
Partner: TestPrep NY
12
2013 2014
Brand
2015
Critical mass
Strategy
Tactics
Scale
GTM Strategy
• International markets – China, Korea and India
• Hire international consultants
• Increase student advisors
• International sales-force• Product localization• Mobile App
• Consultants country wide• Public schools on west coast
• A highly intuitive product • Marketing campaigns on
campuses• Event sponsorships• Partnerships with test prep
companies, PTA forums
• Students ambassador program
• Online marketing
• Strategic partnerships• Country wide public high
schools• Student advisors from top
50 universities
Revenue Projections
Ads
Commission from professional consultants (5%)UberAdvisors
Revenue
2013 2014 2015 2016 2017 4m
11m
26m 5m
12m
32m Ads Commissions
284k (Ads only)
1.9m: Commissions1.4m: Ads
Growth Forecast
2013 2014 2015 2016 2017
190k
16k
1m
Customer Lifetime Value
Acquisition cost
$17 $44 $48 $50 $51
$9 $9 $9 $8 $7
Commissions from Consultants
Product Launch I n t e r n a t i o n a l
350
3k
19k
1.2k75k460k
8k
Number of students
Number of consultants
Financing
DEC 2012
Seed Round: $500KPre-money valuation of $1.5M
Milestones:1. Alpha Launch2. Sign up 16K users3. 350 professional consultants onboard
Financing - Subsequent
Q4 2013Series A Preferred: $2.0 – $2.5MPre-money valuation of $8 – 10 MMilestones:
1. Beta release2. Sign up 75K users3. 12K professional consultants onboard
Exit Opportunities
Primarily M&A, with IPO upsidePotential Acquirers: GOOG, FB, YHOO, YELP, EDU, etcExit Comps: EBAY (15x), YELP (10x), AMAZ, OSTKPreliminary Exit Valuation Indicator: 5 – 8x of LTM Rev in Year 5 IRR for Seed Investors: ~ 60% in 3 years through secondary sale to other VCs, or~ > 130% in 5-7 years through M&A
Pro Forma Capitalization Table
Raise on 12/31/2012 1/1/2014 6/30/2015(# of shares) Founders Seed Round % - Post
SeedPreferred Series A
% - Post Srs A
Preferred Series B
Total - as converted
FD % Ownership
Preferred Series B 1,769,118 1,769,118 15%Preferred Series A 1,925,000 20% 1,925,000 16% Common Stock - Seed 1,500,000 20% 16% 1,500,000 13%Common Stock - Founders 6,000,000 80% 62% 6,000,000 51%Options Outstanding 200,000 2% 400,000 600,000 5%Total 6,000,000 1,500,000 2,125,000 2,169,118 11,794,118 100% Valuation - Pre 1,500,000$ $ 8,000,000 $ 17,000,000 Raise $ 500,000 $ 2,000,000 $ 3,000,000 Post $ $ 2,000,000 $ 10,000,000 $ 20,000,000
Use of Proceeds - Seed
Expenses Annual TotalProduct Development: Alpha Launch(Engineer, UI Designer)
$300K
Marketing & Other Overheads(Online marketing expenses, Partnership costs, etc)
$150K
Legal Expenses(Corporate setup, combination of cash and equity)
$15K
“Buffer” (Just-in-case)
$35K
Total Seed to Raise (3 founders, 1 engineer, 1 US designer) $500K
$500K will provide - 12 months cash run rate
Use of Proceeds – Series A Preferred
Expenses Annual TotalProduct Development(Engineers, UI Designer)
$600K
Sales and Marketing(Online marketing expenses, Dedicated sales force, Partnership costs, etc)
$1,400K
General and Administrative(Legal, accounting, etc)
$500K
Total Series A Preferred to Raise $2.5M
$2.5M should provide roughly 12 - 15 months cash run rate