City hour executive_summary_oct14
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This document contains information about CityHour, a business networking app that allows users to arrange face-to-face meetings with other professionals based on mutual calendar availability and common interests. It provides contact information for the CEO and team members and notes that the company has raised $335,000 from angels. The next steps listed are to raise $1.5 million, launch iOS and Android versions, conduct marketing campaigns, and achieve 500k active users by December 2015.
City hour executive_summary_oct14
- 1. www.cityhour.com Main Contact Alex Lubinsky M: +1-足415-足603-足0707 E: a.lubinsky@cityhour.com Headquarters 620 Folsom St., Office#100 San Francisco, CA 94107 +1-足800-足962-足9003 Team Alex Lubinsky: CEO Lilia Ostapchuk: CPO Roman Osypenko: CMO Alex Kotovskov: UI Designer Serg Krivoblotsky: iOS Dev. Denis Holubovsky: B.E. Dev. Advisors Michael Lubinsky: IT Advisor (Software Engineer at Apple) Rashmi Menon: Prod. Advisor (Lecturer at Stanford Univ.) Kevin Rooney: Legal Advisor (Partner at Cooley LLP) Funds Secured Date Secured: 1/3/2014 Amount: USD 335,000 Type: Notes Convertible Funds Raising Amount: USD 1,5 mln Secured: 20% MEET REAL PEOPLE. MAKE BUSINESS HAPPEN. Executive Summary Powerful business networking tool designed exclusively for arranging face-足to-足 face meetings with other professionals around mutual calendar availability, commonalities or shared objectives. Problem All of the surveyed professionals found themselves longing for a more streamlined and faster process of meeting new people to network than adding digital profiles (ex. LinkedIn) and sending repeated texts. Solution With CityHour, weve successfully blended the speed and efficiency of modern technology, with the proven effectiveness of meeting people face-足to-足face to establish quality business networking. CityHour matches users through calendar availability and search criteria around commonalities, such as, industry, location or shared business objectives. The app quickly produces a list of professionals willing to meet with you in person to do business. CityHour extremely useful when traveling or at home. Customers Business Developers Recruiters General Networkers Job Seekers Business Travelers Sales Professionals Monetization 2014 -足 15: concentrate on user growth and increase number of active users 2016 +: charge for premium search. Exit Strategy CityHour is uniquely positioned and can be potentially acquired by companies like LinkedIn or Facebook. Achievements Raised $335,000 from Angels Built full time dedicated team Successfully developed and launched product Established traction and large base of organic users (>10k) Next Steps Raise $1.5 mln (20% already secured) Finalize iOS version Built Android version Launch extensive marketing and PR campaigns Achieve more than 500k active users by Dec 15 Start international expansion