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IWish Experience www.iwishexperience.com August 17 th, 2007 Brian Parsons Neill Feather Ramon Richards.

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Presentation on theme: "IWish Experience www.iwishexperience.com August 17 th, 2007 Brian Parsons Neill Feather Ramon Richards."— Presentation transcript:

1 iWish Experience www.iwishexperience.com August 17 th, 2007 Brian Parsons Neill Feather Ramon Richards

2 1. Mintel International Group Ltd – “Gift Registries – US” Dec 1, 2006 Submitted by Neil Feathers, Ramon Richards, Brian Parsons iWish Concept Review  iWishexperience.com - ultimate gift tracking tool for gift givers and receivers: iWish user profile Access through Cell Phone, PC Purchase gifts from retail stores Gift “Givers” query site for Wish Lists  iGenie scanner Gift “Receiver” has ability to scan products to add to wish list Small enough to use as key chain

3 iWish: Marketing Overview iWish Gift Registry Consumers - Target Teen Market Segment Company -Innovation (iGenie scanner) -Partnerships (Social Network) Collaborators - Social Network sites -Retail Stores -Online Shopping Competitors - Wedding Registry - wishpot.comwishpot.com - Retail Stores Context - Wedding Registries - Baby Registries - Evolution of the web

4 iWish: Marketing Overview Product Offering  iWish registry site  iGenie scanner Pricing Phase I  Free registry access  Free iGenie scanner Phase II  Premium service – monthly fee  iGenie scanner v2 – price based on market Promotion Mix  Web Advertisements ex Facebook, MySpace  Teenage Magazines  Sponsor promotional events at local High Schools  Radio Station Ads after school on popular stations  Offer giveaways on iwishexperience.com  Spokesperson Place  Channels: Websites Retail Stores  Storage location for Inventory Market Research: Diagnostic Assessments – Quarterly post launch customer feedback focusing on product usefulness, areas of improvements, enhancement requests.

5 Users (in Thousands) Revenue (in Thousands) 1000 2000 3000 4000 5000 6000 7000 Website Users iWish Revenue Model

6 1. Mintel International Group Ltd – “Gift Registries – US” Dec 1, 2006 iWish Valuation 5-Year P&L Outlook: Based on 10-year valuation of after-tax profit, using a 15% discount rate, iWish is valued at $3.06M. Thus a $100K investment would yield a 3.3% equity share. However based on this initial offering, we are willing to offer a 1.5x premium on initial funding. Therefore $100K investment = 4.9% stake. iGenie Cost Model:

7 Submitted by Neil Feathers, Ramon Richards, Brian Parsons iWish Exit Strategy  Goal – sell within first 3 – 5 years to large buyer  Maximize users/clicks/traffic to increase desirability  Target Acquirers Cell Phone/PDA manufacturers/Wireless carriers Google/Yahoo/other shopping sites  Benchmarking a Grand slam MySpace – bought for $580M by News corp (100M users)\  Closely related “Social Shopping Sites”… Kaboodle.com sold on Aug 8 in beta phase for $30M Wishpot.com received $10M in VC funds in July in beta phase AND THEY DON’T HAVE AN iGENIE!!!

8 Submitted by Neil Feathers, Ramon Richards, Brian Parsons iWish Next Steps Develop formal business plan Approach potential partners Finalize iGenie design and supplier Enlist Web Programmers


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