Investor Presentation
Transcript: 350 Million current users Business Model Web Application (HTML 5) www.TwitChatapp.com Mobile devices (Windows phone, Blackberry, etc) Generates revenue from Ads File Patent Obtain funding from investors Design application May Obtained 3 Million users in its first 6 months Twitter offered to buy TwitPic Blackberry Messanger Chat with Twitter friends (followers/following) Picture/Video Messaging Automatic friend list Status updates Friend circles Privacy Options Emoticons/smileys QR code (share/scan) Win Undergraduate Georgia Tech Business Plan Competition Problems with DM's 1. Buyout within two years -Twitter, Inc. 2. Hold for buyout -Twitter, Inc. -Twitter competitors 3. Go Public– in 5 years if: -buyout offer doesn’t take place -TwitChat successfully positions itself as a major method of global/mobile communication iMessage Incomplete Features: Won the undergraduate portion of the 2011 Georgia Tech Business Plan Competition (GTBPC) = possible through TwitChat "To try to mend its relationship with developers and encourage them to keep building apps that improve Twitter, the company is inviting them to town hall-like sessions, and last Monday it unveiled a developer Web site with a blog and discussion forums. Twitter’s chief executive, Dick Costolo, has personally called some app developers to reassure them that Twitter does not intend to tread on their ground." -Claire Cain Miller NY Times Timeline Argentina Australia Barbados Chile Ecuador India Indonesia Mexico Netherlands Thailand United Kingdom WhatsApp Oct Kik North Carolina Oregon South Carolina Tennessee Texas Virginia West Virginia Puerto Rico Nov The Solution Facebook chat was launched in 2008. Within 1 year, it was used by 67% of the Facebook population. Kik Feb Valued at $42 Million! Prototype Screenshots Obtain funding from friends & family Financial Summary TwitChat will be for Twitter, what Facebook chat was for Facebook. ...about 600,000 per day, for a grand total of.... AOL Instant Messenger Completed Features: "RT - If You Think Twitter Needs I.M Or Chat!" - Aug 2 Twitter is adding 20 million users per month... In the last six months, 3rd party apps have gotten: - $500 million in investments. - $1 billion from companies such as Wal-Mart and Salesforce.com Website version: Jun Sep WhatsApp Mar Jan Funding (cc) image by jantik on Flickr DM's -Instant messaging application for Twitter -No sign-up required -Automatically imports Twitter friends -Web App (HTML 5) -Any device with Internet access -iPhone App -Android App "Competition" "twitter needs a twitter chat" Jul 17 Google Talk Our target market consists of Twitter users... Aug We have signups in these states: Budget -Quality product -High growth industries -Cool factor/celebrity appeal -Colleges -'Free’ social networks and websites -SEO -Blog coverage (ratings/comments) -App store ratings/comments -Assumptions that TwitChat “is” Twitter -Apple iOS5/New iPhone -Free and paid versions -Use our age, school, prior awards, etc. to generate positive press "Twitter needs instant chat like fb!!!!" - Aug 2 Alabama California DC Florida Georgia Iowa Kansas Michigan New Jersey Launch website & Release mobile apps 67% Develop Prototype -Continue Phase I Add Twitter promoted tweets -Search Engine Optimization (SEO) -YouTube -Facebook ads -Contests -Pursue reviews from numerous major blog sites -Miscellaneous positive coverage/press Marketing Strategies What about Twitter itself? Yahoo Messenger Competitive Advantages: Public chat (hashtag) Push To Talk Games Honesty box Email Service Video Chat Premium Business Accounts Currently, the only method of private communication on Twitter is through the ‘Direct Message’ (DM) Twitter integration Automatic Friend List Favorites List Add Friends Send Audio/Video/Photos Chat Ability to Tweet and DM Exit Strategy -Website -Mobile Applications iPhone Android HTML5 Mobile App iPad Video Chat HTML5 Design PTT (Push To Talk) Group Chat Friend Circles Phase II Marketing: Twitter has no way for users to privatey chat Surpass 1 million downloads! Development “Twitter should too have a twitchat” Jul 6 Facebook has had chat for 3 years "@TwitChatApp wow great!.. When is it gonna be available?" - Jul 20 iMessage -Not actively adding features -Encouraging 3rd party apps -Twitter & 3rd party apps fuel each other Operating Expenses Yahoo Messenger -3rd party Twitter app no sign-up automatic sign in Automatic friend list -Web version Any internet enabled device. -Allows users to maintain “Twitter Identity” -More features Version 1 Features: Kik Messenger is a real-time cross-platform instant messenger application iPhone version: -Function like a mailbox -Not always instant -No notification system -Deleted without user permission -No file attachments Investor Presentation Develop web aplication Apr The Problem Jul "Competition" (Essentially Free) Google Talk "twitter needs like a group chatroom... me an my girls would kill that" - Aug 2 Marcus Thomas- Founder, President and CEO