FasterPants Slide Deck. Please note this deck is specifically for the Crowdfunder site which does not allow the amount we are raising in our Seed Round to appear in the deck. For the amount of the raise and valuation please contact directly Ben Wolff - CEO at ben@fasterpants.com or 917-627-0745
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FasterPants Crowdfunder Edition
1. FasterPants
Building engines that style clothing.
Creating uplift for secondary sales.
Giving retailer’s customers a great shopping experience.
Ben Wolff Dan Marques
CEO /Founder CTO
5. Products
• FP Core Engine
• Core Technology
Based on actual human styling expertise
Universal: brand & retailer agnostic
SaaS: API for easy integration
• FP Hosted Service
• White Label Consumer Facing Engine
Sales driving software for online clothing retailers
• Seamless visual customization: match client’s ecommerce
site
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7. …After the inlay add-on
Sourcing their products 3D Virtual
Mannequins
Thanks! Now check out these outfit solutions
Styling filters
Sizing
on the page
One-Click Select
adds entire outfit
to cart
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8. Market
Near Term: (YE1+) Men’s Clothing Retailers
• Brooks Brothers, Macy’s, Casual Male, Banana Republic,
Bloomingdales, JC Penney, Kohl’s, Jos. A. Bank, Bluefly, etc.
Long Term: (YE2+) Women’s Clothing Retailers
(Some duplicate retailers with women’s lines)
• Brooks Brothers, Macy’s, Banana Republic, Bloomingdales,
JC Penney, Kohl’s, Bluefly, etc.
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9. Go to Market Strategy (B2B)
In active talks with $467m clothing retailer
• Planned 2nd presentation in Oct, 2012 with president & ceo
and key stakeholders
In talks with 3 companies:
• Buyou
• ACustom
• Cravatta Pelliano
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10. Revenue Streams
YE1 YE2 YE3 YE4 YE5
Number of Clients 1 5 10 20 40
Earnings per client $30,000 $200,000 $400,000 $500,000 $500,000
Cost of sales 5,000 5,000 5,000 5,000 5,000
Total revenue 30,000 1,000,000 4,000,000 10,000,000 20,000,000
Cost of sales 5,000 25,000 50,000 100,000 200,000
Gross Margin 25,000 975,000 3,950,000 9,900,000 19,800,000
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11. Competition
• The old ways of “Like” recommendations
• Bespeak
Barriers to Entry
• Patent Pending
• Inventory cycling algorithm
• Styling filters (Now, Classic, Forward) & clothing type filters
• Automated learning filters
• “Real-Time Trending” data reporting for retailers
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12. Team
CEO Ben Wolff
• 5 years: Top Salesman for Hugo Boss, plus Bloomingdales & Armani
• Two time Entrepreneur with 10 years as a Wardrobe Stylist (Re-Dress.com)
• Reality Show “Shop! NYC!”
• Creator of the algorithm fueling FasterPants ™
CTO Daniel Marques
• Twenty-six Years of IT experience with startups, large enterprises, as
an entrepreneur & team building
Alex Dowad
• Senior Software Developer
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13. Milestones
Core SaaS, built
Core Engine Built
White Label Hosting Service build to suit Built
White Label Hosting Service,
Inventory tagging system, built
Inventory Tagging System Built
3D Virtual Mannequin, build to suit
3D Virtual Mannequin Built
Real-Trending Data Reporting, in progress In-Progress
“Real – Time Trending” Data Reporting
Business Development, ongoing
Business Development On-Going
What’s Next?
• The Women’s Engine
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14. Review
Financial Overview $19M in Y5. $17.8M Net Income
Product FP Core Engine, FP Hosted Service
Markets Men’s, women’s online clothing retailers
Customer Strategy Small to large companies
Competition Retailers old ways. Bespeak
Barriers to Entry Patent pending technology
Use of Proceeds Team, patents, biz dev, software dev
Management Team Wardrobe Stylist, seasoned IT
Milestones Prototype ready for market
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15. FasterPants
Building engines that style clothing.
Creating uplift for secondary sales.
Giving your customers a great shopping experience.
Ben Wolff CEO
917.627.0745
ben@fasterpants.com
www.FasterPants.com