Webcred Slidedeck

Transcript

1. Global credit report for P2P Marketplaces Webcred
2. Renting, buying, selling and sharing through the Internet requires you to trust strangers. Our mission is to connect people safely and efficiently through accountability and transparency.
3. Collaborative Consumption Saves resources and money Rent out your stuff when you are not using it to people you find online. Rent out your spare room or apartment to travelers Example:
4. MARKET Collaborative Consumption growth is exploding No winner-takes-all, but diverse, targeted marketplaces Source: http://www.shareable.net/blog/collaborative-funding-skyrocketed-in-2011-will-2012-top-it 117 billion $ Ride Sharing Market Ron Conway calls it a “mega trend” of 2012 85 billion $ Product Rental Market 80 billion $ Vacation Rental ? $ Identity dependent industries (Banking, Insurance etc.)
5. PROBLEM Reputation is isolated within marketplaces Trust online is limited Researching a stranger is difficult Millions of transactions don’t happen + + = Few bad sheeps deter many future users +
6. HOLISTIC OPEN GLOBAL WEB OF TRUST Understand who a person really is before trusting them. Don’t depend on badges or scores, but satisfy your gut feeling. Participate in new marketplaces with your existing reputation and hold users accountable across services. Replicate the offline friend-of-a- friend concept online for immediate trust. The platform itself needs to be transparent to build trust in the ecosystem. WE NEED SOMETHING
7. Building trust online. Webcred MORE TRUST MORE TRANSACTIONS
8. Webcred Your Webcred account displays real trust independent of individual marketplaces. We display common connections beyond just Facebook friends for familiarity. Our unique concept of trust validations allows 3rd parties to provide information like CPR training or your driving record. HOLISTIC OPEN GLOBAL WEB OF TRUST Aggregate Verify Transaction History Online Presence Phone Number Address ... ...
9. BUSINESS MODEL We will offer API access to a central payments system and take ~10% of transactions fees services are collecting. Users will love the central payments system for its convenience and security and services don’t have to deal with all the payments overhead and can focus on their product. iTunes model
10. COMPETITORS Calculate single-dimension Score Closed Systems Lack of web of trust Little value for users to assess strangers + + =
11. MARKET ADOPTION Building the framework to let marketplaces effectively outsource the trust problem • instant identity verifications • usable payments system • existing user base Ideal for Hackers, Bootstrappers and small marketplaces looking to grow (like Stripe, Parse, Heroku etc.)
12. PROTOTYPE Take the tour: http://webcred-core.herokuapp.com/pages/tour Social Connections for immediate trust 2. Social Connections for immediate Trust 1. Accountability through Global Activity 3. Trust Validations for external data
13. SO WHAT NOW? Feb 2012 Finished Prototype Now Feedback April 2012 Seed Round August 2012 Launch Product
14. Nam Chu Hoai Connor McEwen CTO and Hacker COO and Persuader • Finalist for the Thiel Fellowship • NYC Turing Fellowship declined • iOS hacker before it was hip • National qualifier for Speech and Debate • Case competition winner Team We are roommates, best friends and have the same full-tuition academic scholarship. (BU BA/MA CS ’14) (BU BS/MS EE ’14)
15. LAST WORDS DO IT RIGHT HELP US OPPORTUNITY COMMITTED TEAM We are trying to solve the trust problem the right and hard way by building a product we would want to use. We are in a position to capture the public side of online identity, opening up to countless other markets and opportunities. We’re roommates and best friends with the right skill set. We both turned down excellent opportunities (GE, NYC Turing Fellowship) to work on Webcred. Someone is going to solve this problem, so please help us in doing it the right way.
16. THANK YOU! Questions? Please get in touch with us: nam@nambrot.com or learn more at http://webcred-core.herokuapp.com Webcred