pitch deck

[danhammer]

We will begin to wrap up our current work into a pitch deck that we deliver to foundations, VCs, and social impact investors. I will use this thread to assemble content that will eventually be structured into a professionally designed pitch deck.

We may not have enough material to actually fund this project yet, but it would be good to test the waters with "friendlies" before investing too much more time into the tech.

[danhammer]

I spoke to Selly, founder of Redfin. He had a lot of great advice. First, he said that the baseline web service -- incorporating inundation into the price estimate -- is not likely to be used by Redfin, Zillow, or any other real estate app. This is for a number of reasons, including liability and it is slightly counter to their mission. There is less room for negotiating a purchase if there is less value.

However, he did say that one of the next-level web services that we've been working on would be highly valuable. Specifically, incorporating the higher rate of insurance into the estimated monthly payments. Amy Luers of Skoll Global Threats Foundation and the White House also thought that this was very compelling. This, to me, is the easiest chance at funding.

Selly also suggested that we nail down our financing mechanism soon. Who is going to front cash for this? If the market size would limit revenue to under $2 billion annually, then there is no chance at VC funding, he says. This revenue would never actually need to materialize, but if the market can't support a big play, then venture capital isn't interested. There are plenty of other routes; but we need to structure our pitch accordingly. He said that DJ Patil, my colleague, is very good at identifying opportunities for funding, and that I should talk to him about this. I will draft an e-mail.

There is also a chance that we might want to be a part of Selly's "accelerator" for environmental tech companies. It doesn't come with much; but it may be helpful in finding the right engineers, possibly from abroad. He suggested breaking down the required tech into components that can be outsourced. This makes sense. This sort of thinking and connections to the right engineers would benefit from being a part of his team. It would likely come at an equity stake. But that's a conversation for later.

cc: @glenearthgenome @WheelerDR @kramachandran @stroupaloop

[stroupaloop]

Thanks for sharing this, awesome progress! The lack of need (or want) for
inundation into the price estimate makes sense for their business model,
although off the cuff I'd say there are probably alternative uses to this
data down the road. Something we should be able to easily stub for now for
later use.

Do you have any additional information on Selly's "accelerator"? Would love
to read up on this more. I think an accelerator could be worthwhile, but
definitely a broader convo on the pros/cons of being attached and
dedicating time to one!

On Sun, Oct 30, 2016 at 10:55 AM, Dan [email protected] wrote:

I spoke to Selly, founder of Redfin. He had a lot of great advice. First,
he said that the baseline web service -- incorporating inundation into the
price estimate -- is not likely to be used by Redfin, Zillow, or any other
real estate app. This is for a number of reasons, including liability and
it is slightly counter to their mission. There is less room for negotiating
a purchase if there is less value.

However, he did say that one of the next-level web services that we've
been working on would be highly valuable. Specifically, incorporating
the higher rate of insurance into the estimated monthly payments. Amy Luers
of Skoll Global Threats Foundation and the White House also thought that
this was very compelling. This, to me, is the easiest chance at funding.

Selly also suggested that we nail down our financing mechanism soon. Who
is going to front cash for this? If the market size would limit revenue to
under $2 billion annually, then there is no chance at VC funding, he says.
This revenue would never actually need to materialize, but if the market
can't support a big play, then venture capital isn't interested. There are
plenty of other routes; but we need to structure our pitch accordingly. He
said that DJ Patil, my colleague, is very good at identifying opportunities
for funding, and that I should talk to him about this. I will draft an
e-mail.

There is also a chance that we might want to be a part of Selly's
"accelerator" for environmental tech companies. It doesn't come with much;
but it may be helpful in finding the right engineers, possibly from abroad.
He suggested breaking down the required tech into components that can be
outsourced. This makes sense. This sort of thinking and connections to the
right engineers would benefit from being a part of his team. It would
likely come at an equity stake. But that's a conversation for later.

cc: @glenearthgenome https://github.com/glenearthgenome @WheelerDR
https://github.com/WheelerDR @kramachandran
https://github.com/kramachandran @stroupaloop
https://github.com/stroupaloop

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[danhammer]

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