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Published byRosamond Julia Moore Modified over 9 years ago
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INVESTOR PRESENTATION
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uConnect, Inc. uConnect has set out to stimulate the currently fragmented campus recruiting market by creating white-label private social recruiting networks for colleges and universities.
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The Problem - Schools After 5 years of studying the campus recruiting market as students, employers and alumni, we came to three major conclusions: 1)Schools are not keeping students & employers engaged 2)Recruiting activity is highly fragmented 3) Brand & university development is suffering as a result.
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Implementation
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Reverse Recruiting
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The Target 3,000+ certified colleges and universities in the U.S. 400+ in the Northeast (New England + NY + NJ) 50+ colleges and universities in Boston and immediately surrounding areas
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Business Model Schools: 1) $5k Recruiting Edge (annual license) 2) $12k Recruiting Edge Premium (annual license) 3) $8k Virtual Student Body (annual license) 4) Maintenance contract (annual fee) Employers: 1) $1k profile and unlimited access (annual fee) 2) $3k profile, unlimited access and recruiting applications Advertising (on uConnect_Labs)
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The Problem - Employers After 5 years of studying the campus recruiting market as students, employers and alumni, we came to three major conclusions: 1)Companies, especially SMEs, aren’t traveling campus to campus 2)It’s tedious to post on multiple school’s job boards 3)The process induces email overload of unqualified candidates
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What campus do you want to recruit at? Boston University uConnect_Labs Bentley University New York University Harvard University UMass Amherst EMPLOYERS Recruit defined networks of campus job seekers
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Implementation
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uConnect Labs Proprietary network of employers looking to recruiting students Focus on underserved segment of employers Build brand equity of your school and your staff Manage and recruit new employer relationships
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The Target Startups SME’s Local businesses Non-profits Community Leaders School Faculty Internships Entry-level Jobs Local Jobs Volunteer Opportunities Community Service Research Projects
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Reverse Recruiting
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Initially, only for staff Eventually, create a front-end widget, and allow employers and alumni to remotely recruit under school’s umbrella Process is more efficient (time) and effective (matching)
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Gamification Revolutionize the online campus recruiting process with the social web
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Business Model Schools: 1) $5k Recruiting Edge (annual license) 2) $12k Recruiting Edge Premium (annual license) 3) $8k Virtual Student Body (annual license) 4) Maintenance contract (annual fee) Employers: 1) $1k profile and unlimited access (annual fee) 2) $3k profile, unlimited access and recruiting applications Advertising (on uConnect_Labs)
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Competitive Landscape Direct VendorsSpecialized Startups Large Players
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Talented Team. Customized Approach. David Kozhuk, Founder 2008 ISOM Graduate; 3 yrs. in Venture Capital; Investment Finance Entrepreneur Highly incentivized and invested in project Patrick Carroll, Chief Technology Officer 15 years of web design & development; Harvard Business Review, HFM, Harvard College Kyle Sherin, Chief Implementation Officer Commercial iT product implementation; Walt Disney Co., SCVNGR Zachary Smith, Lead Developer WordPress development & customization expert, Significant start-up & commercial Experience Ryan Jackson, Web Developer MIT Computer Science; 10+ yrs of Code; Strong Product Dev & IT Mgmt background Tony Devincenzi, Designer & Branding Strategist MIT Media Lab; Seattle Art Institute; 6 yrs of commercial design & development
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Team Building Hire product manager/CTO Build product development team Sales VP with higher-ed track record Recruit intern teams at each member school Hiring follows company’s mission to recruiting college students
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Financing $250k - $500k ($50k units) Capital efficient model Time to market is low Early recurring revenue streams Attractive Acquisition Targets: ~$20k monthly cash burn Team building Marketing, lead generation, sales Scaling business and technology Continued product innovation Use of Proceeds
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Investment highlights Passionate, highly incentivized CEO, who knows the market cold Compelling market – large, clearly defined, underserved, loyal First mover advantage with disruptive solution Strong incentive structure to create network Reputable reference client mitigates technology and execution risk Attractive business model, driving early and recurring revenues Highly scalable technology generating strong margins Well suited acquisition targets Downside scenario is high margin web products business
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uConnect, Inc. Emerging Enterprise Center 1000 Winter St. Suite 4000 Waltham, MA 02451 781-588-5907 david@uconnectlabs.com @uconnect_labs www.uconnectlabs.com
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