20111119 start up-weekend_face_recognition_v5
TRANSCRIPT
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Use Your Camera. Add New Friends.
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Getting to
know people
is hard
Finding interesting people
through life is rare
And you often end up
loosing contacts, paper,
cards, phone numbers
You loose opportunities!
Tom Hall
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FACED.me
• Use the camera
• Recognize a person
• Add or Tag them to
your networks
• INSTANTLY!
• Keep them in the cloud
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Huge Market in Social
Networks and Smartphones
• Only in 2Q11, 107 million
smartphones were sold
worldwide
• Facebook alone has 800
million registered users (>20
million in Brazil and growing)
• Sale of apps and in-app
purchases across
smartphones & tablets will be
$7.3 billion in 2011 rising to
$36.7 billion by 2015
Source: TAT -http://www.visionmobile.com/blog/2011/01/rim-a-leap-ahead-in-user-experience-but-can-it-execute/
Canalys http://www.canalys.com/newsroom/app-stores-direct-revenue-exceed-14-billion-next-year-and-reach-close-37-billion-2015
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Show me the money!
Users download the
application with 50
free FacedPoints
Each time the that
the application is
used, 1
FacedPoint is
consumed
Every week, the user
gets 5 more
FacedPoints to use
(max of 50 allowed)
Wh
at u
se
rs g
et?
Pre-paid
FacedPoints
Professional
Package
100
2,000 / month
$10
$25 / month
Wh
at u
se
rs c
an
ge
t? # FacedPoints Price
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Proprietary IP creates barriers to
new entrants
Real time - Less than 1 second to recognize
Registration integrated with Facebook,
Linkedin and Twitter
Both local and international patents
filled through the PCT
Fast
Precise
Patented
Identify different facial points
Works with different light
levels & background
condition
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Direct Competitors? Not really.
Potential new entrants Potential(?) Competitors
Announced in Feb/2010 a similar
product in development
Product was not launched yet (dead?) Research In Motion
Source: TAT -http://www.visionmobile.com/blog/2011/01/rim-a-leap-ahead-in-user-experience-but-can-it-execute/, Crunchbase
Faced.me
Advantages
Connected to multiple social networks
Do not depend on business card
Easy and simple to use
Linkedin exclusive and Business card centric
Cost before acquisition ($2.99 download +
$0.25/card)
Business card - OCR – less accurate
High price (300 cards = $79.95)
Focused on one
single social network
Time to develop face
recognition technology
Small
players
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Marketing
Plan
How do we get users:
Viral/Referral (recommend and earn points)
Integration with social networks
Incubator contacts
Tech Blogs/Bloggers
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Looking for a partner, not an investor!
Investment needed: USD 100k (for R&D)
3,321
2,5622,070
919
200
1,6601,281
932
20
2012 2013 2014 2015 2016
276
EBIT
Revenue Revenue vs. EBIT (US$‘000)
Post-money valuation: USD 1,000k
# Faced.me users('000) 1,000 2,000 3,200 3,500 4,100
# Premium users('000) 20 65 130 140 170 US$ / premium user 10 14 16 18 20
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Potential Exits
Acquired by Research in Motion for nearly
$130M, with an impressive 5.5x multiplier over
2009 revenues of $23.6M
Acquired in January/2011 after 1.8M business
card scanned
$130M
$2.4M
Acquired
Context
Deal Value
Acquirer
Pittsburgh-based face recognition technology
N/A
Algorithms that improve people's online social
interaction
Founded a little over a year before the acquisition
N/A
Social networking service - organizes social media
data, filters and analyzes information, and presents
it in a way that is consumable and relevant.
$10.0M
NON-EXHAUSTIVE
Social networking aggregator - Aimed to be a one
stop shop for all your social networking updates
and news items
$47.5M
Source: Crunchbase, Blogs
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Experienced Team: Engineering, Design,
Strategy and Business development
Thiago Teodoro Manager in the Corporate Strategy at HP in
Palo Alto, CA
Over 6 years of Strategy Consulting
experience at Accenture
MBA from Tuck at Dartmouth and BsC in
Computer Science from Unicamp
Thalis Antunes Over 9 years of experience in IT
Workingin Embedded systems
Undergrad in Computer Engineering
Marco Vanossi Founder of ClickPick, app for image
recognition based check-in’s
Founded one of the first search engines in
Brazil, called RadarWeb at the age of 14
Based in Mountain View, CA
Pedro Saad Owner and Publishing Manager at Editora
Brasileira and Produtora Brasileira
Contract to license Pelé image until 2016 (after
World Cup and Olympic Games in Brazil)
Masters in Management, BsC in Law, PUC-
SP and MBA, FGV
Fernando Pauer Owner Pauer Solutions, consulting of Web and
SAP (clients Suzano, Volkswagen, FEMSA)
12 years of experience in IT
Graduate studies in Game Development
Alexandre Rezende 8 years of experience in IT, 2 in Tech Sales in
the Mobility Market
1 year working in Europe
BsC in Computer Engineering from Unicamp
Investors: Your face here