Transcript beevm.net
Company name: Bee VM Ltd. What we do: Full service care of Cloud software. We are asking for: £225,000 SEIS/EIS eligible. Result: £1.5m profit on £2.85m gross sales year 5. Presenting: CEO – William Ricardi 76 York Park - Belfast – BT15 3QW 07508 478789 http://www.beevm.net [email protected] 1 The Problem ● Government and private corporations buy Cloud services without knowing how to care for them. ● Most Cloud management companies are expensive, slow, and only offer limited services ● Typical government client spends as much as £120k per year for 10 servers. ● Cloud performance issues, security breaches, and IT overspending. 2 Our Solution ● Bee VM cares for Cloud servers at reasonable prices, including performance and security. ● Built on Big 4 Consultancy experience. ● The client spending £120k could save £71k a year. ● Automated service suite is suited to Government entities, and small to medium businesses. ● Clients won’t need to change how they work to see benefits: Faster websites, better security, reliability. 3 The Market ● Cloud market will double in 3 years. ● 42% of companies will increase IT spending in 2015. ● 0.25% of £351m G-Cloud spend, 0.2% of the £486m yearly private sector spend. 4 Competitive Position Cloud Care HP X Accenture X Fujitsu X Bee VM X Advanced Security Performance X X Cost High Moderate High X X Low ● Automation techniques trade secret, requiring unique combination of skills. ● By 2019, branching out into the lucrative “Unmined Virtual Currency” market (Ripple, et al). 5 Route to Market Four part sales model that has already started: 1) Partner with all major Cloud providers as a preferred service solution. Already in place at Skyscape. 2) Full affiliate model for professional resellers. 3) Already established personal networks. 4) Traditional web advertising and trade shows. 6 Financial Projections FINANCIAL PROJECTIONS Yr to now YR 1 YR 2 YR 3 YR 4 YR 5 CUSTOMERS 0 12 20 28 40 110 UNITS SHIPPED 0 3000 5600 8000 15000 38000 REVENUES 0 £240k £420k £600k £1.13m £2.85m NET PROFIT 0 £15k £160k £315k £65k £1.5m 1 6 6 24 30 HEADCOUNT 6 ● No debt. ● No 2nd round funding. ● Massive Year 5 yields from increased capacity. 7 Funding and Shares Source Funds State Angels £225,000 Pitching Total £225,000 Current Share Ownership Total % Cash Invested Time Invested Founders 100% 10,000 3 months Private 0% 0 0 Salaries Office Expenses Travel and Ads 78% - £175,000 6% - 15,000 16% - 35,000 •Meets SEIS/EIS standards, in application process. •IP relevant to the Bee VM owned by the company. 8 Management Team CEO - Bill Ricardi: Test Manager at Deloitte, world’s Performance Tester of the Year 2010 (uTest). Owner, draws no salary. Team of 5 identified, available by contract until funding is secured for full time employment. Roles include: ● ● ● ● ● Environments lead Performance lead. Security lead User Interface lead Sales lead 9 Exit Strategy ● Estimated valuation 5 times revenue. ● Fleetmatics valued at 5.7x revenue in 2015. ● Trade sale on approx. valuation of £7.5 million could be conducted. ● Year 5 cash war chest intact. ● A less aggressive Year 4 strategy is available upon shareholder consultation. 10 To Sum Up •Bee VM is the future of Cloud System Administration •We are seeking a £225k investment •We expect a £7.5 million evaluation in 5 years •[INSERT HEARTWARMING JOKE HERE]. Oops. Presenting: CEO – William Ricardi 76 York Park - Belfast – BT15 3QW 07508 478789 http://www.beevm.net [email protected] 11