Flavor chat leverage your business idea

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FlavorChat Presented by Maxime-Samuel Nie-Rouquette @FlavorChat Team

Transcript of Flavor chat leverage your business idea

Page 1: Flavor chat leverage your business idea

FlavorChat

Presented byMaxime-Samuel Nie-Rouquette @FlavorChat Team

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About me

FlavorChat

Maxime-Samuel Nie-Rouquette

• Recent Finance graduate from McGill University

• Curious, hard-working and passionate about food

• 2006 Time Magazine’s “Person of the Year”

• I’d like to take this moment to introduce you guys to my friend, Nemo.

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Problem

FlavorChat

Nemo wants to go out grab some food with someone and enjoy life but none of his friends are available. So in the end he’ll just sit at home, eat alone and watch Netlfix to pass time.

What if Nemo had a platform to help him find food buddies?

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Our idea: FlavorChat

FlavorChat

FlavorChat is a social discovery

app that gamifies socializing to

help you find food buddies.

Use the App to:

• Eat with someone, meet new people

• Discover new restaurants, try new food

• Eat with colleagues of your industry for networking purposes

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How it works: shake & chat game

FlavorChat

Shake

When using the app, simply shake your phone to start chatting with another user. Grabbing food with someone has never been this easy!

Don’t stress about the first move, we know that it’s hard for people to say “hi” to strangers, so we offer a creative mini interactive game in the chat window to help users break the ice.

Chat Game

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My treat

FlavorChat

If you’re feeling extra awesome you can also treat other users , via “My Treat”, to come grab food with you.

Your food adventure awaits!

Here is how “My Treat” works: 1.Select the time and budget 2.Choose the place where you’re getting food3.Voila! The activity is now posted

By using FlavorChat you can find other users near you who will be willing to treat you, what a time to be alive!

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Customer Profile

FlavorChat

0.78 Billion smartphone users (18-34s) worldwide

TAM (Total Addressable Market)

6.7 million target smartphone users in Canada

SAM (Serviceable Available Market)

300,000 Canadian Post-secondary students

SOM Serviceable Obtainable Market

34,000 target users

SOM - Montreal

As of now, FlavorChat mainly focuses on university students that are “new in town” in the city of Montreal. However, we plan on rapidly expanding to other campuses throughout the World. Consequently, FlavorChat will predominantly operate on campus, where we will offer various marketing events.

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Business model

FlavorChat

Short Term:

• Posting events and advertising for local commerce

Long Term:

• Virtual currency, virtual items

• Membership for users (added features/VIP benefits)

• Integrated Payments system

• Application Program Interface (API)

• Charging transaction fees from

restaurants when users make

restaurant reservation

So for our business model, we are planning on cooperating with local business to organize events and benefit our users. In the long term, we intend on diversifying our revenue stream such as virtual currency system and memberships.

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Why FlavorChat

FlavorChat

EasyEasy to create an activity■ Fast pace, doesn’t

discourage the users■ Shake mechanism is

easy to understand■ Any type of food, any

time of the day, anyone

Machine Learning■ Optimize users experience based on their history with the app■ May apply for patents in the future■ Adapt to users needs and keep evolving

Tech

Interact with other users & Chance to get treated

■ Meaningful interactions■ Focus on small groups & 1

on 1■ Create bond with other

users via the game functions

■ My treat

Interaction

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THANKYOU

FlavorChat