Global Technology Symposium Pitch Competition
March 25, 2009
What is Phonevite?
Phonevite is the Award-Winning, Most Popular, Easiest to Use, CommunityBased Voice Broadcasting Service
featured in:
Thousands of organizations and individuals use Phonevite to instantly record a message and send it to tens or thousands of people over the phone & at once
Used today by: Schools Boy Scouts / Girl Scouts Churches / Youth Groups Sports Leagues Non-Profit Organizations The Red Cross Small Businesses (voice CRM) , , Medical Offices Utility Companies Government Agencies Individuals
Quick Demo - Phonevite To Go
http://www.youtube.com/watch?v=C_IZoF7W2Wc
Phonevite Team
John Nahm, Co-Founder/CEO
Kalvin Kim, Co-Founder/CTO
Former Sr. Product Mgr / Bizdev Mgr, Dialpad (VoIP start-up acquired by ahoo! in I in 2005) Launched Award-winning Dialpad Premium Svcs. Founder/Director, Oceans International VP Corporate/Int’l Banking, US Bancorp. Deloitte Co Consulting UN - Latin America Development Master’s & B.A. Economics
Former Director of Engineering, Dialpad (acquired by ) Founding Member of Dialpad Developed core VoIP platforms and clients, now used by Yahoo! Messenger & Yahoo! Voice Sr. Software Engineer, Serome Technology, S. Korean parent company of Dialpad BSc.
Board of Advisors
Michael Jones, Founder/SVP of Userplane/AOL ( Taek Kwon, Partner TPG, XG-Ventures – Ex-
acquired Userplane)
Peter Pham, CEO of Billshrink, former VP Bizdev of Photobucket (acquired by Fox Int.) , former CEO Friendster, COO Citysearch, CTO Hotwire rs Pietro Dova, Andrea Zurek, David Lee, Greg Lee Jay Eum, Founder/Director Trans-Link Capital, former US Head of
Phonevite Growth
Actual Growth Graph - Users
J-08 F-08 M-08 A-08 M-08 J-08 J-08 A-08 S-08 O-08 N-08 D-08 J-09 F-09
Users/Calls/Revenues growing exponentially Planning to maintain current growth rate of approx. 20%/month On target to reach profitability by end of year Virtually no marketing – growing virally through Free-mium Service Margins consistently over 60% (even after factoring cost of Free calls)
Market Opportunity
Alerts & Notifications - a $1.2 billion market (e.g. NTI Group, focused on
alerts/notifications for schools & governments, was acquired by BlackBoard Group, for approx. $200MM on $30MM revenues in January 2008)
Voice/Text CRM Communications
(e.g. airlines flight info, order status, medical appointment reminders) increasingly
becoming important part of $10.9 billion CRM market Voice/Text Marketing – Telephone Marketing – a $46.1 billion market
(more than twice the size of Internet Marketing) – but consumers tired of
intrusive, non-compliant calls
Phonevite Advantages
Cost/Price Structure – less than half our major competitors’ (we are the only company of its kind providing an unconditional FREE service) Flexible/Scalable Technology – leveraging our pioneering background in VoIP/Web; Infrastructure built from the ground up without reliance on third party solutions/integration Brand - Fast becoming the most well-known brand/service for voice broadcasting/automated calling Deep Regard for Privacy/Compliance – Tight safeguards and careful roll-out of new services
Phonevite High-Level Plan
Alerts & Notifications (Current Stage – path to profitability) – Tap/Capture Alerts & Notification Market Share by offering a significantly lower-cost/free, simplest-to-use voice broadcasting service Voice/Text CRM (Second Stage - diversification) – Leverage Phonevite platform for API integration with CRM applications (e.g. Salesforce, etc.) Voice/Text Marketing (Third Stage – expansion) – Launch self-service, permission-based, direct voice/text marketing platform that ensures regulation compliance (especially targeting SMB’s)
International (Fourth Stage – go global) – Export the successful phonevite platform and business model globally