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Parabolic Career 2022.pdf

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Parabolic Career 2022.pdf

  1. 1. INVEST IN YOUR SUCCESS 2022 Investor Presentation http://www.paraboliccareer.com
  2. 2. WHAT WE DO Our mission is to improve the job recruitment process for candidates while creating equitable access for job seekers of all backgrounds Parabolic Career Coaching is an education technology company that provides career development services. Parabolic leverages its data, software, expertise in recruiting, and extensive network to accelerate the recruitment process for candidates seeking high-paying careers. We work with professionals ranging from entry-level to C-suite and provide services that enable continual career growth.
  3. 3. HOW WE DO IT Candidates and employers on our platform get access to content data on, software to hire recruit/hire, and a community of professionals to engage We have developed software that currently scrapes and identifies over 60,000 unique resumes per month for candidates actively search for jobs. This in-house software helps funnel sales into our B2B and B2C business and helps us aggregate employment information for both job seekers and hiring managers. Parabolic leverages its data, software, expertise in recruiting, and extensive network to accelerate the recruitment process for candidates seeking high-paying careers. We work with professionals ranging from entry-level to C-suite and provide services that enable continual career growth.
  4. 4. MARKET SIZE: Our TAM is well over $100B. Our services are accessible to all people in the world seeking to develop their career, education, or find community. We have found ways to find educational institutions, non-profits, and private lenders to fund our services on behalf of our clients. Furthermore, we are developing an accessible ($50/month) subscription model to keep professionals, employers, and job seekers engaged throughout their educational and professional careers. Our SOM is $2B for [20,000 unique users with $10,000 lifetime spend, and 10% rate of return] GROWTH: The job market is growing in the US and globally. In times of recession, the public sector actively intervene to create opportunities. WHY NOW?: Layoffs due to the recession and return-to-office policy is leading to a spike is job seekers changing employment. The investment thesis is that the current professional is no longer working towards retirement with 1 employer. The shorter employee tenures make the demand for B2B and B2C business stronger in this marker.
  5. 5. BUSINESS MODEL B2C SAAS: Selling our service direct to consumer online with a monthly subscription model. The average collected per month per user is $1,150 but the service costs $12,000 over the first year and $50-$100 per month after that in order to continue to participate in the community. Gross Profit Margin: 83% B2B SAAS: Selling our software to hiring managers in the PE and VC space for an annual subscription of $100,000. Then using this platform to hire for the portfolio companies. The success fees in the space are 33% of total comp and includes the equity component of compensation. We have strategically won business at PE shops, Fund of funds, and VCs to scale for 2023. Gross Profit Margin: 87% [Not including equity compensation]
  6. 6. WHAT MAKES US DIFFERENT Most affordable service in the market: Our competitors [WallstreetMastermind, MyConsultingOffer, and ModernGuild] do not offer services to everyone at a monthly rate. Average price is $7,000 and we get users onboarded for $500/month Largest addressable market: We work with anyone looking to advance education or career and operate in every sector. There is a significant demand overseas for our product with VISA employment laws Market expertise: Parabolic has direct relationships with hiring managers through its Staffing and Consulting business [www.Parabolicusa.com] Superior team and hiring capabilities: We can identify top talent our native software and partnerships. Due to the nature of our business, our team can bring products and services to market quicker than most. This speed to market has helped us improve our services, capabilities, and offering while generating cash and staying profitable.
  7. 7. TRACTION & HISTORY January 2020: Femi Palmer founded Parabolic LLC while in Nigeria working at Y- Combinator-backed Venture June 2020: Parabolic’s first client received an offer to Mckinsey & Comapny December 2020: The first 6 coaches were onboarded onto the platform January 2021 - June 2021: Parabolic placed 22 of 23 candidates October 2021 – December 2021: Parabolic hires 130 coaches onto platform and 5Xs revenue 3 months in a row January 2022: Femi leaves Bain to focus on Parabolic after growing the B2B client book to 20 clients in the PE, VC, and startup space February 2022: Desmond Howard joins Parabolic to help scale the business and build out the MVP of the platform software October 2022: Parabolic alters business model from services to software and opens up Parabolic Career Coaching LLC in Delaware. The new business is www.paraboliccareer.com and all data is housed on Microsoft and is banking with Silicon Valley Bank navigate our growth November 2022: Parabolic purchases a LinkedIn Enterprise account and onboards 45 customers in 1 month
  8. 8. TEAM Education: BA Economics & Mathematics, University of Pennsylvania Experience: Bain & Company in New York City: Associate Consultant | Releaf Group: Chief Financial Officer Education: BS Computer Science, University of Pennsylvania Experience: Microsoft Software Engineer II (Azure IoT Central) Femi Palmer Chief Executive Officer Desmond Howard Chief Technical Officer
  9. 9. CONTACT US Femi Palmer Emails: femi@paraboliccareer.com, femi.palmer@parabolicusa.com Femi Direct Line: 646-752-7753 SCHEDULE A MEETING

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