flyby - connecting business travelers at the airport
TRANSCRIPT
Names
There is a problem…
No on-demand way for business travelers to connect with each other
while at the airport
And we have the Solution…
Mobile app that connects business travelers with each other
On demand On location Based on personalized criteria
For an addressable market…
44 million business travelers havean average of 45 minutes of disposable time at the airport
Of those 44 million 75%, or 33 million, sit at the gate idle for about
1 hour
84% use mobile apps for social communications, itineraries, on-the-go alerts.
And we surveyed 70 business travelers – online and at the airport…
If you have a networking tool,Where do I sign up?!
- American Airlines Supervisor - Mark Goodger
We and our colleagues would get the app today
- Two business travelers in the music retail business
“
“
”
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1 hour At Gate with Phone
Interested
61% 78% 67%
And identified a strong use case…
Download and
activate FlyBy
Online to offline
connection
Social connection
With multi revenue streams…
FlyByr’s
Sell Wings (Credits)
Enterprise and SMB
Airports
Retailers
Airlines Partnership fees Revenue share
Deals Sponsor locations
White-label Revenue share
That have broader upsides…
Fees: Premium membership
$14.99 Enterprise/SMB Rates
$2.99-$4..99/user Retail Sponsors: $30K-
$100K Strategic Partnerships
G&A - 15% sales Marketing - 5% sales Reinvest - 10% sales IT - 25% sales Salaries - 25% sales
Income Expense
Financials* 2012 2013 2014
Customers 200 55000 300000
Revenues (0) $576,000 1,500,000
Expenditure $30,000 $120,000 $200,000
Net $10.6 $456,000 $1,300,000
Including a potential ‘tuck-in’ acquisition…
Because there is still white-space…
FlyBy
Business Based
Airport
On Demand
App
Free Start
Marketing
MVP – Initial Validation Partnership with single Airport (MIA) Events - Meetups
Media Relations & Social Media (51%) Technology, business, and travel writers/bloggers Full social media & online presence
Enterprise Build/buy list of Sales Directors, Corporate Travel
Managers Conference Participation/Sponsorship
And now our demo…
Names