Copyright © 2012 by Kyrano Corporation. 1 Click
Copyright © 2012 by Kyrano Corporation. 2
Copyright © 2012 by Kyrano Corporation. 3
Copyright © 2012 by Kyrano Corporation. 4 Kyrano.com profile Florida private start-up corporation. 3 years in product development. Fully tested and operational. Needs to fill executive-level positions to ensure successful product implementation and management. Entrepreneurial Crummer MBA students who are flexible, capable, hard working, take-charge team players are invited to apply. Join the team and make good things happen.
Copyright © 2012 by Kyrano Corporation. 5 Kyrano.com was founded by Serge Matulich, Ph.D., CPA Ph.D. University of California, Berkeley CPA licensed in Florida More than 35 years of university teaching experience. Rollins Professor Emeritus with 18 years teaching at the Crummer School. Author of college textbooks and academic papers.
Copyright © 2012 by Kyrano Corporation. 6 A Unique Opportunity Become a member of management Acquire ownership and managerial control Invest your skills, talent, and time Team up with other Crummer MBA students Develop and implement a realistic, workable business plan You are invited to
Copyright © 2012 by Kyrano Corporation. 7 A Unique Opportunity Determine the needs of the business Establish appropriate compensation levels Determine the portion of compensation to be paid in equity Develop realistic budgets for all aspects of operations Establish a schedule of achievable goals Make realistic projections Your business plan must
Copyright © 2012 by Kyrano Corporation. 8 A Unique Opportunity You believe that Kyrano.com has a high profit potential and a good chance of success You like the unique concept that appeals to a large population of consumers You believe the concept will appeal to merchants You are serious about your participation You are confident that the management team is capable of doing what is necessary to ensure success You should participate if
Copyright © 2012 by Kyrano Corporation. 9 A Unique Opportunity You dont believe in the concept You are unable to make a serious commitment You are not confident that the project can be successful You expect monetary compensation during the project period You should not participate if
Copyright © 2012 by Kyrano Corporation. 10 What is Kyrano.com? It is a unique auction web site where each bid lowers the price of the item being auctioned. The winning bidder always gets a bargain. It is not a penny auction. It is not a gambling site. It is not a game. It is a legitimate, ethical, and fair business that benefits buyers, sellers, and stockholders.
Copyright © 2012 by Kyrano Corporation. 11 How does Kyrano.com work? We do not sell products. We carry no inventory. We auction discounts on high-value products. Winning bidders buy the products from legitimate merchants of their choice. Kyrano pays the portion of the price won by the winning bidder. We also hold auctions for discounts on college tuition, credit card debts, and installment loans.
Copyright © 2012 by Kyrano Corporation. 12 How does Kyrano.com work? A detailed description with examples of an auction is available in a short presentation entitled A Kyrano Auction. You are not required to view it but may do so if you wish.
Copyright © 2012 by Kyrano Corporation. 13 How does Kyrano.com earn? Members can bid on college tuition, credit card debt, a house, mortgage payments, or any product they want. Whether members bid on a $400 TV, a $35,000 car, or a $200,000 mortgage, the winning bidder wins a reduction of the cost. Kyrano earns a gross margin on every auction on which bidding starts without investing in any inventory.
Copyright © 2012 by Kyrano Corporation. 14 Other possible income sources Commissions on real estate auctions. Payments by merchants who want to list their products. Sponsorships by companies whose products are featured in our listings. Advertising. Expanding into other countries. Your ideas.
Copyright © 2012 by Kyrano Corporation. 15 Profit potential The profit potential is high. Simulations based on conservative, realistic assumptions show that Kyrano can earn a reasonable amount of revenue on every auction. Margins on product auctions can range from 3-5 percent to 300+ percent. Kyrano does this without investing in any inventory. No other company offers auctions for discounts on college tuition, credit card debt, mortgage debt, and other obligations.
Copyright © 2012 by Kyrano Corporation. 16 Where Are We Now? Kyrano Corporation has reached a critical point where it is ready to operate but needs a capable management team to lead it. The foundation has been laid. The initial development grunt work is complete. You have a rare opportunity to gain control, acquire ownership, and take over operations with no monetary investment. Are you ready to become an executive by the time you graduate?
Copyright © 2012 by Kyrano Corporation. 17 What Do We Have Now? Fully tested and operational software. ISP paid through Domain names paid. Incorporated in Florida, annual corporate fee paid for Federal ID number obtained. Bank account with Chase Bank. No debt. Merchant account accepts all credit cards. Corporate seal and records complete. Tax returns for 2011 filed.
Copyright © 2012 by Kyrano Corporation. 18Kyrano.com Does the concept excite you? Can you believe in the concept? Can you contribute to its success? Are you innovative, energetic, and eager to participate? If you can answer YES, Kyrano Corporation may be for you.
Copyright © 2012 by Kyrano Corporation. 19 Kyrano Corporation Value Estimate Kyrano Corporation initial cash investment $35,000 Six man-years of intensive professional design, programming, development, and testing at $100,000 per year estimated value paid in equity Estimated value of fringe benefits, taxes, insurance, and other normal corporate obligations at 40% of compensation Three years of operating costs contributed by principals free of charge: Utilities, equipment, insurance, facilities, etc. Intellectual property value. Zero if nothing is done with it. Huge if you bring it to fruition. Fill in your own number here One million shares outstanding Estimated value per share $ 35, , ,000 25,000 ? $ 900,000 $0.90
Copyright © 2012 by Kyrano Corporation. 20 Whats in it for you? Kyrano is a ready-made startup with all the initial work already done. You are offered ownership, management, and future potential at no cost to you. Your investment is your skill and the time it takes you to take the company to the next step. You will receive a minimum of 5,000 or up to 10,000 shares of stock for your participation. Your eventual compensation is determined by you in your business plan.
Copyright © 2012 by Kyrano Corporation. 21 Whats in it for you? Your business plan and how you implement it will determine your level of success. The founder does not insist on a controlling equity interest. This opportunity is not to be taken lightly. There is a lot of work to be done. The founder will act as chairman of the board until you can establish a board of directors with independent outside members. Time is a critical resource. Dont waste it.
Copyright © 2012 by Kyrano Corporation. 22Disclaimer There are no guarantees. There is no free ride. Whether a management team can be formed depends on the responses to the announcement that brought you here. You may not be selected as a team member. This offer may be withdrawn if there is not sufficient response and participation.
Copyright © 2012 by Kyrano Corporation. 23 Whats the next step? When this presentation ends, return to the Kyrano site and read: How it works About us Advice to Bidders FAQ View the sample auction presentation if you wish. If you have any questions, use the Contact link to ask them. If you decide to apply:
Copyright © 2012 by Kyrano Corporation. 24 Whats the next step? In your cover letter state clearly that you have viewed the entire presentation and read the text at the four links. Tell us how you think you can benefit this project. Send your resume and cover letter as a PDF, Word, or WordPerfect file to
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