20160705-KitShare Pitch Deck Linked In
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Transcript of 20160705-KitShare Pitch Deck Linked In
KitShareThe peer to peer sports equipment sharing platform
Executive SummaryWhat We Do:
• KitShare is a service used by adventure & extreme sports enthusiasts to make money out of their equipment & enjoy their sports for less
• We are focused on the $22Bn Sports Equipment rental Market
Current Status: • We are in the pre launch testing phase
Currently Raising: • $300,000 seed round
Where we’re from:
The Problem with Adventure Sports
Want kit but Have kit but
• kit is expensive • renting is expensive• rental companies are interested
in the transaction not the experience
• there is no easy way to borrow kit off like minded enthusiasts
• no chance to try before you buy
• costs money to move around the world
• is under utilised by all but the most active
• takes up space in a house/flat • depreciates in value as soon as
it’s bought
Lose money renting Lose money owning
Lose money travelling
There are those who……
Rent Rent BUYRent Depreciate Buy againRent
Solution
A web platform where people can borrow kit, fully insured, from people who enjoy the same sports as them
Save money on baggage fees
Save money not renting
Save hassle of transporting
Make money sharing
Have a human interaction
Tap into local knowledge
Book & Pay!
Search for Gear
Review listings
% to Renter
% to supported Charity(optional)
% KitShare $
Product
Add an Insurance Package
Frequency of Use
Yiel
d pe
r ite
m
Monthly DailyWeeklyAnnually
£10+
£50+
£100+
Problem for Investors
Frequency of Use
Yiel
d pe
r ite
m
Monthly DailyWeeklyAnnually
Bikes
Surfboards
Camping
Skis
Tools
Cars
Houses & Flats
£10+
£50+
£100+
But we have more potential revenue streams
Addressable Market Example: Skiing
77m
78%World wide
SkiersHow many will
peer rent*
How many will peer share*
Rent Gear
22%
PotentialSkiing KitSharers
*based on Surveys, Interviews & Face Book polls
84%
66%
54.5mOwn Gear
Build something that 100 people love rather than 1 million people kind of like
Execution
WHAT’S YOUR
BIGGEST FRICTION?
Skiers Campers
Surfers
“Carriage”
Californian Surfers
Bridgehead Market
California Surf
Collective
“No try before
you buy”“Carriage”
“Carriage”
“More boards”
“Community”
“Anti Corporate”
“Nature”
Hawaii Surf
Collective
Surfing Critical Mass
Costa Rica Surf
Collective
South Africa Surf Collective
Australia Surf
Collective
California Surf
Collective
Expand Supply
Execution
Create DemandHostel
Partnerships
Execution
HERO GEAR Borrow Famous Athlete’s Gear at iconic locations i.e. Tiger Woods Gold Clubs at Torrey Pines
Grow User Base
GENEVA SKI STORE
Store your Skis at Geneva Airport instead of
paying baggage fees
GEAR PASS Pass that gives you free gear hire in all the best spots for an annual fee
Execution
Revenue Model
Commission 10% of average
transaction of £50
£78m45
Predicted Market Share
by 2019
Annual Revenue by 2019
Insurance £2 fee per
Premium Service £10/Year
Potential Shares of Skiing, Surfing & Camping
Equipment*
*Based on 168m skiers, surfers & campers worldwide participating a minimum of once a year of which 66% would peer rent
110m 11m
Direct
Sharing Economy
Traditional Rental
26 Sites4 Raised Finance 1 10,000+ users
42 Peer to Peer Sharing Platforms8 Raised Finance 4 10,000+ users
Opportunity to Buy inventory - The QuiverOpportunity to Sell inventory - Spinlister/Listia/Peerby
Established networkLow MarginsPoor GearMainly Snow & Water Sports
Competition
Nic Woodhams CEO
European Account director of Square Mile
International, successfully invested in on BBC’s Dragons Den. Former Army officer,
Farsi Speaker and Kite surfer
Alex Hamlin COO
Former management consultant and Boris Bike Project manager. General Assembly trained coder.
Product manager at Cisco BIG award winner and
Observer 50 new radicals uMotif, Skier
Dom Jackman Director of Strategy Cofounder of Esc the City, crowdfunded for £600,000, network of 200,000 professionals
wanting to Esc the grind
The Team