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- 1. Fulfill your travel bucket lists with your study abroad friends.
- 2. Andrés HurtadoXuan SongBibiana Bauer Who we are CEO, Co-Founder CMO, Co-Founder CTO/CFO, Co-Founder
- 3. BAX connects short-term study abroad students who have similar travel interests by providing a platform for collaborating on travel bucket lists. Our Mission
- 4. Finding other people in group who have similar interests is difficult Communication between groups can be difficult when traveling abroad Group bonding is challenging due to lack of communication, different personalities and preferences. Problem
- 5. Current Study Abroad Students (long-term) 2 Previous Study Abroad Students (short-term) 3 Previous Study Abroad Students (long-term) 3 Business Professionals 3 Young Travelers (18-30 yrs old) 8 Program Organizer 5 Who we talked to
- 6. “The people I hung out with were not necessarily the people I would hang out with.” “[if I could change anything about the experience] I would have something to unite people of common interest to travel with me.” Findings Vivian, 21 Studied abroad in Florence and Italy for 10 weeks Junior @ Stanford
- 7. “There were definitely times when I really wanted to go see something or go somewhere, and a lot of others weren’t interested…so I had to find someone who was willing to go with me.” Catherine, 22 Findings One gap year - 3 month in Japan- 3 month in Nepal - 3 months in Greece during different program Senior @ California College of the Arts
- 8. Group Travel Non-study abroad Study Abroad Individual Travel BAX Competitors
- 9. • Offline mode ✔ • Personalized itinerary/ must see spots ✔ • Individual-focused ✗ • Group formation ✔ • Multiple user- information exchange ✔ • Chat reliant ✗ • Events creation ✔ • Single event at a time ✗ • Event group collaboration ✔ Competitors
- 10. Competitive Advantages Gives people one place to keep all their wishlist/ bucket list destinations. Allows them to organize multiple bucket list plans. Make these lists discoverable to share with other people within their own group. EASY TO ORGANIZEDISCOVERABILITY ALL IN ONE PLACE
- 11. Study abroad students in U.S. Market size Increased by over 150% over the past decade. 313,415 Study abroad students worldwide 3.7 million Increasing by about 12% each year. http://www.bbc.com/travel/story/20120926-the-statistics-of-studying-abroad https://www.forbes.com/sites/lealane/2016/01/15/are-millennial-travel-trends-shifting-in-2016-youll-be-surprised/#2e82326836a8 All group travelers worldwide 70% of 18-30 year olds did group travel in 2016 224 million
- 12. DemoDemo
- 13. Business Model We take money from advertisements. Local businesses Advertisement payment $48,000p/ month Free $3.00 p/day • Relevance to bucket list • Location based What kinds of exposure? Business Advertisement Business Exposure Cost
- 14. Business Model We take money from advertisements. Business Advertisement Business Exposure Cost Advertisement payment Free $46,500 p/month - 500 local business • Business relevance to bucket list • Location based What kinds of exposure? Local businesses $48,000p/ month
- 15. $48,000p/ month x x 8 months 8 months $384,000/per year $372,000/per year = = Fall semester Spring semester Summer semester $756,000/total per year Revenue Local businesses $46,500 p/month - 500 local business
- 16. Gross Burn Rate -$306,564 Net Burn Rate Salaries Cloud Services Event Hosting Fees p/year = Net Burn Rate + $449,436 p/year Revenue - $756,000 p/year $0 p/year(for the 1st year) -$306,564 p/year
- 17. Board of advisors Mara Holt Skov David Asari Lisa FindleyAndrew Heald Nina Sadek CCA Study Abroad Organizers
- 18. Potential Board advisors see potential for BAX if it can provide them with a way to to communicate with students. (Notification, reminders, things to do and place to meet) Mara Holt Skov David Asari Lisa FindleyAndrew Heald Nina Sadek CCA Study Abroad Organizers
- 19. Personal bucket lists of things to do and places to go for each planned location SOON Ability to express interest in item(s) on other users list(s) Direct message (private or group chat) for people interested in same list item Plan Partner with study abroad school programs and travel agency. LATER Location and interest-based advertisements/suggestions from local businesses Social media integration to see places where friends have gone previously when in the same location EVENTUALLY Master list of pre-scheduled places/activities already organized by group leader
- 20. Seed round $600,000 ($100,000/year for 2 years) What we’re asking for Connections from Industry & universities Mobile App Developer/ Engeener
- 21. @baxtravel baxtravel.com Find us: Fulfill your travel bucket lists with your study abroad friends baxtravel@gmail.com
- 22. Appendix 1. Team 2. Interviews 3. People (SOM/SAM/TAM) 4. Problem 5. Molecule 6. Value Proposition 7. Competitors 8. Solution 9. Business Model Canvas 10. Why Now 11. Product Roadmap
- 23. Activities Partners Young group travelers Advertisements Build relationships with other people within your group Explore your group’s interests Web Servers Engineering Help students on-boarding our service Tripadvisor Advertisements Offer 24/7 customer services Allow people to post ideas Server hosting Employee salaries College Study Abroad Programs Social Media 1 2 3 4 76 8 9 5 Allow people to build up teams and build their travel plan Online discussion channels Local businesses Tripadvisor Short-Term study abroad students exchange students College study abroad program Local train & bus services Mobile App Stores Maps Services Facebook partnership? Send emails to program leaders Event hosting Customer service Meet-up Events Meet-up Events Share & collaborate list of plans with all students in your study abroad group BAX Local business Advertisements