“The shortest distance between good food & your tummy ” ™

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Presentation transcript:

“The shortest distance between good food & your tummy ” ™

Company & Mission ZapMeals is an online meal order & delivery service matching hungry consumers with great local food preparers. We’re “eBay for takeout orders”. Our mission: –help people make, deliver, & eat great fast food. Our promise: –we don’t make “fast food” great -- we make great food fast.

Problem: Fast Food… Isn’t Either. Preparers Is there a market for my cooking? Restaurants have high startup costs Delivery is tough to do fast, warm, & well Consumers Tough to find good fast food What’s the best / cheapest / fastest place to order from? It’s been 30 minutes – where’s my order?

The ZapMeals Solution Help part-time / small-time cooks get started in the food business; quickly & inexpensively. Help consumers find great fast food; search by cuisine, price, rating, & delivery time. Orders are picked up and delivered by network of independent agents; tracked online real-time via Google or Yahoo Maps.

Size of Market Top Down $511 Billion spent dining out annually –Restaurant Association of America. Bottom up: 100M people eat out every day Today ~4% of meals ordered online (=4M orders/day) In 5 years 25% of all meals ordered online (=25M orders/day) Average takeout order cost is $14 Available Total Market Size: –$350M daily –>$125B annually

Business Model Transactional: –charge a 15% food prep fee (min $1) –charge a 15% food delivery fee (min $1) Advertising: –charge small preparers by click-thru (SEM for food) –charge larger preparers for premium / sponsored listings Supplies, Equipment, Insurance: –provide supplies, education for ZapMeals preparers –free licensing to ZapMeals preparers who buy $250 eqpmt –insure against food inspection issues via large group

Technology ZapMeals has developed a proprietary least-cost routing & matching algorithm for ordering & delivery Our Secret Sauce:”Search by Takeout Time” –estimated food preparation time (historical) –delivery distance (how far away –delivery provider (on-time record) –show delivery stats real-time via Y! or G Maps (+ GPS)

Competitors Online –Waiter.com –CampusFood.com –Delivery.com –Ehungry.com.. –all of above source from restaurants *only* Offline –McDonald’s –KFC / TacoBell –Subway.. –Your Mom

Marketing Plan Partner with notable foodie bloggers Adwords Campaigns to regional metros Generate SEO traffic via food listing pages Distribution Partnership with Tastyr.com –700 food preparers in SF –Q3 Rollout to 3-4 West Coast urban areas Order Discounts for Reviews & Referrals: –“Get $3 off your order if you write a review” –“Delivery is free if you refer 3 friends!”

Team Wayne Lambright, CEO & Cofounder –10 years community site development / online sales –5 yrs SW dev Macromedia Dreamweaver / UltraDev Ivan Krasnov, CTO & Cofounder –BSEE, Taganrog State Univ. of Radio engineering (TSURE) –7 yrs SW dev in SEI Level 5 organization –5 yrs exp managing overseas development teams

Financing Raised $250K Seed round in Jan 07 –Gil Penchina, CEO Wikia (ex-eBay) –Jeff Clavier, SoftTech VC (Userplane, Truveo, MyBlogLog) –Dave McClure (ex-PayPal, SimplyHired)’ Seeking $1.5M Series A round –$4.5M pre-money valuation –targeted closing Sept 15

Contact Wayne Lambright –