flavor chat leverage your business idea
TRANSCRIPT
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FlavorChat
Presented byMaxime-Samuel Nie-Rouquette @FlavorChat Team
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About me
FlavorChat
Maxime-Samuel Nie-Rouquette
• Recent Finance graduate from McGill University
• Curious, hard-working and passionate about food
• 2006 Time Magazine’s “Person of the Year”
• I’d like to take this moment to introduce you guys to my friend, Nemo.
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Problem
FlavorChat
Nemo wants to go out grab some food with someone and enjoy life but none of his friends are available. So in the end he’ll just sit at home, eat alone and watch Netlfix to pass time.
What if Nemo had a platform to help him find food buddies?
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Our idea: FlavorChat
FlavorChat
FlavorChat is a social discovery
app that gamifies socializing to
help you find food buddies.
Use the App to:
• Eat with someone, meet new people
• Discover new restaurants, try new food
• Eat with colleagues of your industry for networking purposes
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How it works: shake & chat game
FlavorChat
Shake
When using the app, simply shake your phone to start chatting with another user. Grabbing food with someone has never been this easy!
Don’t stress about the first move, we know that it’s hard for people to say “hi” to strangers, so we offer a creative mini interactive game in the chat window to help users break the ice.
Chat Game
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My treat
FlavorChat
If you’re feeling extra awesome you can also treat other users , via “My Treat”, to come grab food with you.
Your food adventure awaits!
Here is how “My Treat” works: 1.Select the time and budget 2.Choose the place where you’re getting food3.Voila! The activity is now posted
By using FlavorChat you can find other users near you who will be willing to treat you, what a time to be alive!
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Customer Profile
FlavorChat
0.78 Billion smartphone users (18-34s) worldwide
TAM (Total Addressable Market)
6.7 million target smartphone users in Canada
SAM (Serviceable Available Market)
300,000 Canadian Post-secondary students
SOM Serviceable Obtainable Market
34,000 target users
SOM - Montreal
As of now, FlavorChat mainly focuses on university students that are “new in town” in the city of Montreal. However, we plan on rapidly expanding to other campuses throughout the World. Consequently, FlavorChat will predominantly operate on campus, where we will offer various marketing events.
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Business model
FlavorChat
Short Term:
• Posting events and advertising for local commerce
Long Term:
• Virtual currency, virtual items
• Membership for users (added features/VIP benefits)
• Integrated Payments system
• Application Program Interface (API)
• Charging transaction fees from
restaurants when users make
restaurant reservation
So for our business model, we are planning on cooperating with local business to organize events and benefit our users. In the long term, we intend on diversifying our revenue stream such as virtual currency system and memberships.
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Why FlavorChat
FlavorChat
EasyEasy to create an activity■ Fast pace, doesn’t
discourage the users■ Shake mechanism is
easy to understand■ Any type of food, any
time of the day, anyone
Machine Learning■ Optimize users experience based on their history with the app■ May apply for patents in the future■ Adapt to users needs and keep evolving
Tech
Interact with other users & Chance to get treated
■ Meaningful interactions■ Focus on small groups & 1
on 1■ Create bond with other
users via the game functions
■ My treat
Interaction
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THANKYOU
FlavorChat