Massdrop
- 2. The goal when we started was to build a fundamentally better community for enthusiasts - Steve El-Hage, Massdrop Cofounder and CEO
- 5. Communities
- 6. Drops
- 8. History 2012 2013 2014 2015 2016 2017 Massdrop Site Launched (6/2012) $1.4M Seed (9/2013) $6.5M Series A (9/2014) $40M Series B (8/2015)
- 9. Financials Revenue: ??? Likely not profitable Business development Fulfillment costs $60M in Funding 400% Sales Growth YOY (2015) 1M+ Users
- 11. Competition Enthusiast efforts Online Retailers Massdrop Enthusiasts Niche Custom Products Yes Yes Business Reputation Yes No Post-purchase Support Yes Shifty
- 12. Prediction Success! Focus on exclusives Threats: E-commerce sites are easy Enthusiast communities Not a community
- 13. References https://en.wikipedia.org/wiki/Massdrop https://pando.com/2014/09/24/from-quilters-to-gearheads-massdrop-raises-6- 5m-to-turn-online-enthusiasts-into-big-spenders/ https://www.forbes.com/sites/ryanmac/2015/08/13/massdrop-40-million-group- buy-bongs-amazon-executive/ https://www.forbes.com/sites/alexkonrad/2014/06/11/massdrop-zany-plan-to- crowdsource-discounts/# https://techcrunch.com/2015/08/13/massdrop-series-b/ https://www.crunchbase.com/organization/massdrop/