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HulaSync : Startup Weekend Project
1. “The device that automatically syncs
your external drives to the cloud”
2. The Problem
You need to remember to back up your external drives, it
takes time, and mistakes can be made.
3. The Solution
Desktop
Laptop
Our Hula Sync device enables consumers to automatically sync and back
up their external hard drives to the cloud provider of their choice!
4. Value Proposition
No more worries or hassle…Hula Sync provides
convenience and peace of mind.
“Backing up your drive has never been easier!
5. Customer Feedback
Interviewed 6 people about our product:
People agreed backing up their external drives are
cumbersome and they often forget to do it
People liked our idea and expressed interest in
purchasing one for the convenience factor
Potential customer – EntireCloud
Interested in partnering to offer our HulaSync device
to their current customers
6. Business Model: Market Strategy
2 – Tier Marketing Sales Strategy:
1st Approach – Direct Sales through our website
Our clients – anyone who owns external hard drives, USB
Sticks, flash drives, or even mobile smart phones
# of external hard drives sold in 2012 – 620 Million
# of smart phones in 2012 – 500 Million
Current Potential market size of 1.2 Billion!
And Growing…Global USB Flash Drives Market to Reach 568.98 M by
2015 – Report by Global Industry Analysts, Inc
If we capture just 1% of the Total Market –
1.2 M units @ $100 per Unit = $120M in Gross sales!!
Plan to drive consumers to our website through web search
optimization and social media marketing
7. Market Strategy (Con’t)
2 – Tier Marketing Strategy:
2nd Approach – Licensing!
License our product to: (1) manufacturers of external
drives, and (2) to cloud storage providers
# of Total Manufacturers for external drives = 57
# of Smart Phone Manufacturers = 7
# of Cloud Storage Providers = 150
Potential Market Size for Licensing = 210 Manufacturers
Offer 5% royalties on all units sold with a minimum
royalty per year basis. Assuming MSRP $100
License on: Software and Patents
Already have established relationship with patent
brokerage agencies – i.e. Oceantomo ICAP
14. Initial Testing Completed
iPhone/iPod/iPAD
Western Digital Drives
Several USB Dongles
Compact Flash Readers
15. Intellectual Property
We are identifying everything that is novel about this
product.
We will file for provisional patents in the U.S. and
abroad.
16. Our Team
Edwin Hernandez Ph.D – Chief Technical Officer
Doctorate from UF in Computer Engineering
20 years of engineering background experience
8 patents issued
Experience working at Microsoft and Motorola
Henry Incer – Business Management
MBA from Nova Southeastern University
Management experience working at Walmart and Disney
Lucie Allaire – Marketing and Sales Development
B.S.B.A from UF with concentration in marketing and minor in
entrepreneurship
Sales and marketing experience from small businesses and own
entrepreneurial endeavors