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MivestaAngellist
- 1. Copyright © Mivesta 2011
- 6. Competition Copyright © Mivesta 2011 Bakespace.com and Justin.tv are 2 other startups in related space. Food Network AllRecipes & FoodBuzz SocialEyes & Stickam Ustream & YouTube Mivesta Written recipes and photos User video library Educational Chef or Pro videos Social sharing or commentary Live video streaming events TV shows Interactive Video streams
- 8. Use of Proceeds Copyright © Mivesta 2011 Angel investment will be to hire key team members, and to build the iOS apps Pre- Beta Founder Capital (excluding sweat equity) $75K -Start up cost -Building MVP Stage 1 Pre-Launch Beta Friends & Family (through July 11) $15K + -IT infrastructure -Load testing -Promotion -Complete MVP -Beta test hosting costs Stage 2 Early Roll out July-Oct 2011 Miami Innovation Fund $20K - Ramp up infrastructure -Optimize for Android -Add features to MVP -Support growth & traction to attract angel investment
- 10. Questions & Answers Copyright © Mivesta 2011
Editor's Notes
- Flip right through this one
- Cooking is just the start; we intend to expand to sharing other activities
- Everyone has a small equity share.
- Creative, real life, conversational, community. Video chat app where people who love to cook, pros and amateurs alike, can cook together in real time.
- Start up in similar space: Justin.tv, Bakespace.com… recipe sharing & static updates, not video conversation. Some sites, Like All Recipes, do have a paid or supporting member version with less ads and some premium benefits.
- Founders not drawing salary .. Would not draw any pay during the 90-120 day period. Money go to web hosting, features build, and optimzing the application for /round 2. Stage 3: angel investment, build iOS application, add different activities