Megaventory (Seedcamp Paris)

Speaker: Kostis Mamassis

kmamas@megaventory.com

twitter.com/megaventory

what is it?

It is aninventory

managementapp for dummies

what are we solving?

our opportunity | the problem

small businesses need to:– manage product

inventory– consolidate business

resources– easily share data and

reports

using simple, efficient & affordable tools

how will we solve the problem?

we solve the problem

by offering a simple user interface that anyone can use *instantly* without any training

we solve the problem

by providing an *easy* way to transparently

share inventory-centric data (just as facebook does for user-centric data)

we solve the problem

by implementing an *intelligent* way to customize any text so that users may apply their specific business terminology

we solve the problem

by offering a one-click mechanism to upload libraries of products for any business sector

we solve the problem

by providing simple business intelligence

reports that make sense even to

inexperienced users

we solve the problem

by being able to communicate to external sources

using APIs

how big is the market?

the market is HUGE

8M businesses in the US & EU alone*

we estimate that there are 20M businesses worldwide

*1-9 people, inventory keeping

related businesses with

broadband access to the internet

(data as of 2008)

will it make money?

show me the money

our pricing plan:“basic version” is free

up to 300 products, 1 user, 1 inventory location “premium version” costs $29/month

up to 5000 products, 5 users and 5 inventory locations “premium+ version” costs $39/month

up to 20000 products, 10 users and 10 inventory locations

Straightforward Monetization Plan &

Clearly defined large target group

any megaventory stats?

• 18 months old, in public beta• 1800+ subscriptions

– 90 basic accounts (free)– 15 premium accounts– 1 key account ($500M yearly revenue)

• strong and effective team– 2 Engineers/Visionaries (MSc + BE + Research

experience + 1 successful startup)– 1 Domain Expert (30 years of professional

experience in Business Operations)

megaventory stats

what are we up to?

we aim high

1. reach 1000 premium clients (end 2011)

2. reach 5000 premium clients $1,5M in revenues (end 2012)

what do we need to achieve all these?

an investment fund would help

rent offices increase the number of engineers to 5 invest heavily on Marketing & Sales

(hire external partners) set up more infrastructure or try the

cloud

are we up to it?

it seems you are setting a new standard, very innovative and creative. I thought of the birth of the EasyJet when I found your service online. The Easy forced the industry to change (Nobu - Japan)

thanks to your solution, we are much more efficient and were able to build a huge edge over our competition (Karim – S.Arabia)

your software may have helped us land a new contract, and your customer service saves the day (Brian – USA)

your reports beat the reports of our current 400K ERP system. I am so f***ing angry with them (Kaala – Ghana)

Well done! You are one of the 20 Mini Seedcamp Paris Finalists. (Alasdair Bell - Seedcamp)

the verdict

my time is finished but

• technical:1. web based & platform independent (looks cool on mobile devices)2. customizable (both in terms of text and user interface)3. We aim to be the social network for inventory & invoices4. business intelligence ready

5.SIMPLE• business:

1. straightforward monetization plan2. affordable3. Clearly defined target group4. Booming global market

5.OPPORTUNITY

key Points

thank you!

merci!

grazie!

σας Ευχαριστώ!

धन्यवा�द !