November 2013
EXECUTIVE SUMMARY
Appraisly is a business-to-business platform for conducting employee appraisals ! We have taken the business from idea to paying customer in 4 months Our beta was launched on the 15th of October this year We have 9 businesses currently sig ned up,with 1-2 legitimate new business sig n-ups per week We are busy rolling out our service to employees of these companies We are seeking seed investment of 100,000 from angels or early stage seed funds
THE PROBLEM
Employee performance management processes are outdated and old-fashioned
Overcomplicated
Poor data
THE SOLUTION
Run a web-based service Provide a platform which requires no integration and links to other online services
Empower people Associate performance with professional background through LinkedIn and make the whole process easier for employees
Offer f lexibility Provide a customizable platform for each client to configure as per their business needs
THE TEAM
James Strickland
Nikoloas Lygkonis
Technical side - Ruby on Rails, Ang ular JS and others 7 years consulting experience with Accenture and EY Selling and implementing SaaS to big banks Passionate entrepreneur with +3 previous ventures Bachelor of Science - Finance & Statistics
Business development & customer service Product desig n and content marketing Business process desig n architect by trade Background at major corporates GE Capital & EY Masters in Finance & Accounting, CIMA
THE PRODUCT
For employees SMART goal setting, 360 feedback, extremely intuitive interface and profiles imported from LinkedIn
For managers Full reporting suite on every team member, org charts, team management and ad-hoc reviews
For businesses Integrated training and learning, digital signatures for compliance and full customization for brand identity
CURRENT SIGN-UPS
Interbrand (UK) 200+ employees Innitech (US) 25+ employees Potbelly (US) 500+ Employees Moneris Solutions (CA) 500+ employees ChaiOne (US) 65+ Employees Y ellow (NZ) 350+ Employees Arvixe (US) 85+ Employees Perkspot (US) 10+ Employees Think Brownstone (US) 40+ Employees
THE MARKET
24bn
Performance management market in 2017
100m
Employees in working in the US and UK
250k
SMEs = total addressable market
There have been 59 acquisitions in the talent management industry in the past 5 years
THE COMPETITION
Comparative Feature
Appraisly
Product Features
Integration with LinkedIn Analytical Dashboard Audit Trail User Interface/ intuitiveness Customizability Integration/set-up cost
No Y es No Average
Less customizable
High cost, long time
No No Y es Unfriendly
Customizable
High cost, long time
No Y es No Friendly
Less customizable
High cost, medium time
No No Y es Average
Very customizable
No cost, short time
Y es Y es Y es
Super Friendly
Very customizable
No cost, very short time
$20
United States
$15
Canada
$50
United States
$6
Germany
$5
United Kingdom
500
~$15m
1,500
~$38m
12
~$0-$1m
50
~$0.5 - $1.5m
9
$0m
150
300
10
12
GO TO MARKET STRATEGY
Off-site
5%
On-site
Extensive internal & external product tour Free one month trial for all sig n-ups Discounts for 1 year up-front Incredibly easy sig n-up for employees
30% 50%
15%
Referral HR experts
SALES PROCESS
Product demo Roll-out & minimal support
BUSINESS MODEL
B2B model targeting SMEs with initial focus on tech & advertising industry
A tiered pricing plan based on a per-employee per month charge 20% discount for 1 year up-front No contracts
1-10 users 11+ users
whats next
Jul 14 Target 25+ customers 10,000+ users March 14 API development & expansion to rewards
Jul 13 Idea
CONTACT US
James Strickland
Co-Founder ! !
Nik Lygkonis
Co-Founder ! !