40091
socialmix
Mobile experience to get personalized drink recommendations
USA, California
Market: Food industry, Mobile applications
Stage of the project: Prototype or product is ready
Date of last change: 14.01.2020
USA, California
Market: Food industry, Mobile applications
Stage of the project: Prototype or product is ready
Date of last change: 14.01.2020
Idea
At socialmix, we’re creating a mobile experience for patrons to get personalized drink recommendations and services through a community of global curators and a marketplace of freelance mixologists
If you are familiar with Vivino for wine – we have a similar model for the Mixed Drink space (cocktails).
If you are familiar with Vivino for wine – we have a similar model for the Mixed Drink space (cocktails).
Current Status
Highlights of our socialmix journey:
- Team [3 Co-founders, + App Developers, + Advisors].
- Friends & Family Investment Round.
- Strategy Confirmation [Financial Forecast Audit / NCB Show Validation].
- Team [3 Co-founders, + App Developers, + Advisors].
- Friends & Family Investment Round.
- Strategy Confirmation [Financial Forecast Audit / NCB Show Validation].
Market
Stakeholders:
1) Patrons = 240M+ Adults consume alcohol in U.S.
2) Mixologists = 600K+ Mixologists & Bartenders in U.S.
3) Establishments = 1M+ Bars & Restaurants in U.S.
1) Patrons = 240M+ Adults consume alcohol in U.S.
2) Mixologists = 600K+ Mixologists & Bartenders in U.S.
3) Establishments = 1M+ Bars & Restaurants in U.S.
Problem or Opportunity
1) Patrons > What do you want to drink?
2) Mixologists > Where can I build a following?
3) Establishments & Brands > How do we improve revenue?
2) Mixologists > Where can I build a following?
3) Establishments & Brands > How do we improve revenue?
Solution (product or service)
A Free Mobile Experience:
- A mobile app for personalized drink recommendations and 'how to' recipes based on your interests, history & location
1) Community
2) Marketplace
3) Engagement
- A mobile app for personalized drink recommendations and 'how to' recipes based on your interests, history & location
1) Community
2) Marketplace
3) Engagement
Competitors
- Website & Blog vs. Mobile App
Advantages or differentiators
1) Passionate and experienced team.
2) Application features & value
2) Application features & value
Finance
Financial Projections:
27x Investor Return (w/ 93% IRR)
27x Investor Return (w/ 93% IRR)
Business model
Three Revenue Stream Model:
1) Monetize Community
2) Monetize Marketplace
3) Monetize Engagement
1) Monetize Community
2) Monetize Marketplace
3) Monetize Engagement
Money will be spent on
1. Development
2. Product
3. Operations
2. Product
3. Operations
Offer for investor
- S.A.F.E. [Simple Agreement for Future Equity]
Team or Management
Incubation/Acceleration programs accomplishment
Participation in Gust Launch.
Photos
Product Video
Presentation
Sign in/Sign up