Company Info

Company Name

CelebConnect Inc.

Member Type

Startup

Website

http://townpals.com

Description

CelebConnect is going to launch social media app TownChat and web platform TownPals with unique features not provided by Twitter, Facebook or WhatsApp. It will address privacy issues by providing secure sign up and sign in through facial recognition. TownChat will provide augmented connectivity to more than 4 billion people worldwide who are not connected to internet and e-Wallet service to 2 billion unbanked people globally.

TownChat is first ever app that will allow off internet messaging without any limitations. It will not only connect the unconnected ones but will also allow users to process payments without internet. Our e-Wallet TownCash will allow unbanked people to deposit and make payments for online and offline transactions in a more secure and hassle free way. TownPals will allow users to share their stories, experiences, photographs and videos in a secure and privacy oriented environment. Politicians and celebrities will connect with fans and voters for better convening.

Sector(s)
Subsector(s)

Social Media

Founded Date

December 15, 2018

City

Dover

State

Delaware

ZIP/Postal Code

19901

Country

US

Contact Person

Contact First Name

Adeel

Contact Last Name

Javaid

Job Title

Founder & CEO

Headshot

Gender

Male

VIRAL

VIRAL Level(s)

4

Team VIRAL

6

Problem & Vision VIRAL

3

Value Proposition VIRAL

1

Product VIRAL

3

Market VIRAL

5

Business Model VIRAL

6

Scale VIRAL

3

Exit VIRAL

3

VIRAL Level 4: Attacking the Market

You’ve validated that your product or service is worth investing in.

You’ve defined your market, and now you’re planning on how you’re going to attack it.

What investors at this stage are likely to like about your business:

  • Your initial traction.

    You’re going to want to highlight both a story of an initial customer–who did you sell to? Why did they buy it? How is their life different?–as well as numbers behind why that customer isn’t alone.

  • Your market size.If you’re raising venture capitalventure investors will want to know that you’re attacking a market of at least $1B. You’re going to want to talk through how big the market is for products like yours, and how you can logically capture meaningful market share. NOTE: A best practice for this is to walk an investor through growth. “The market for human resources technology is $300B. The market for job-matching software is $30B. The market for job-matching software that attracts young people coming out of school is $10B.” is much better than “The market for human resources technology is $300B, and if we can achieve just 1% of market share, we will be a $3B company!” (It’s very, very hard to achieve just 1% of market share.)
  • Your team’s experience in your market.You’re starting to get to the point where, in order to grow, you’re going to need major strategic partnerships for sales and distribution. You’re outgrowing the time where it’s charming and exciting to be inexperienced; now you need to prove your bona fide experience in the market.

What investors at this stage are likely to ask questions about:

  • Your team’s capability beyond the founders.

    You’ve likely gotten this far because you have awesome founders. But teams build companies. Who is running your sales-and how are they “as good or better” as your founder? Who is running product? The founder or founders are probably getting to a point where they are stretched thin. Who is on your team–or who would you bring on your team if you could afford them? That’s why you’re raising money!

  • Your unit economicsIt’s possible, even likely, at this point that you are making revenue, but still unprofitable as a company. Investors will care, though, that you are profitable–at a unit level (each product or service you sell makes more than it costs). If you don’t know what your “customer acquisition cost” is, as well as your “lifetime value of a customer,” you should start to figure out–and make a case to investors that, as you grow, your customer acquisition cost is decreasing and the lifetime value of each customer is increasing.
  • Customer validation beyond early adopters. An investor will want to know that you are able to sell to a large enough market to justify investment. How can you demonstrate that you are making progress beyond early adopters? Do you have data on customer satisfaction (a net promoter score?) Are you tracking customer referrals, and for new sales, do you track outbound versus inbound leads? An investor who wants to help you reach the next stage will want to know these numbers.

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CelebConnect Inc.

Profile picture of CelebConnect Inc.

@celebconnectinc

active 3 weeks, 1 day ago