CheckMate by Parametric Dining Company Presentation by Nick Gerard EECS 441 Fall 2013

1. CheckMate
Company Presentation by Nick Gerard
EECS 441 – Fall 2013

2. PARAMETRIC DINING
•
Founded in 2011 by Geoff
Johnson
•
Executive team has three
members: CEO, CTO and
COO
•
Advisors include a VP at JC
Penny, venture capitalists,
professors at UPenn, VP at
US Cellular Field (stadium)

3. THE
PRODUCT
“Parametric’s mission is to
revolutionize the stadium and
premium venue market with
CheckMate, a mobile solution that
combines a mobile ordering and
payment with big data analytics to
enhance experience, improve
efficiency, and open new revenue.”

4. HOW IT WORKS

6. HARDWARE
•
Modified Android tablets designed by Geoff
•
Tablets outfitted with credit card reader
•
On-site server integrates directly with POS system
•
Nightly backups to cloud infrastructure

7. SOFTWARE
•
Custom Android ROM built by CTO Jonathan
Fiene
•
Restaurant host Android app
•
Local server software interfaces with POS system
•
Challenge: counting pennies

8. KEY FEATURES
•
Secure and simple
•
Feedback
•
Loyalty & rewards programs
•
Interactive advertising

9. SECRET SAUCE
•
Zero-hassle
integration with
existing systems
•
Reduces friction for
both servers and
customers

10. LOCATIONS
•
Founded in Philadelphia, PA
•
First pilot program in 2012 at Philadelphia-area
bars and restaurants
•
Added two restaurants in New York in 2013
•
In talks with restaurant groups in Chicago and SF

11. LOOKING FORWARD
•
Raised $500,000 in first-round funding from
OpenMatters last year
•
Currently in talks with several VC groups for a
second round of funding
•
Shooting for the stars…

12. WHAT’S NEXT
•
Shift focus to larger venues: stadiums, clubs, etc.
•
Expanding software services
•
Web management for businesses and customers
•
iPhone and Android apps for customers

13. WHAT’S NEXT
•
Announcing in November their first large
enterprise customer

14. WILL IT WORK?
•
Very efficient with their capital
•
Well-designed product
•
Well received so far
•
Feels like the future

15. QUESTIONS?