Last Bite 2013 Pitch for Syd Start

1. too good to waste
Monday, 12 August 13

2. WE HATE WASTE
We never want to see a sandwich
be thrown out again
Monday, 12 August 13

3. “I know that places have
discount meals, but i don’t know
where to find them”
Monday, 12 August 13

4. industrialized countries
222 million tonnes
food production
lost or wasted annually
Monday, 12 August 13

5. 148,000 Double-Decker busses
Monday, 12 August 13

6. The problem
we’re trying to solve
wastage profit connect
Monday, 12 August 13

7. a mobile app to sell perishable
food to last minute consumers.
The solution
Monday, 12 August 13

8. if you’re closing soon, pop in an end-
time and you’ll get some bites soon
4pm? 2 Bagels left... take a photo and
upload them to lastbite, they’ll soon
be turned into profit
push the special deal out in a new
way to existing customers, and even
new ones
The APP
set the time limit
set the price
snap your produce
Monday, 12 August 13

9. 9
Market opportunity in
Australia
cafes and restaurants in
Australia
$35x =per cafe/restaurant
monthly
50,000 $21M
Realistically we’d expect to hit 8% of the market in the 1st year
$1,680,000
Monday, 12 August 13

10. 10
Market opportunity in
USA
cafes and restaurants in
USA
$35x =600,000 $2.52B
Realistically we’d expect to hit 4% of the market in the 1st year
$10,080,000
per cafe/restaurant
monthly
Monday, 12 August 13

11. 11
Revenue model
3 sources of revenue
premium subscription
subscription
one-off pricing
paid specials
transaction fee pricing
in-app purchases
Monday, 12 August 13

12. ADAM MILLER BEN LEVI BARRY TEOHJOEL HAUER
Strategy DeveloperEntrepreneurChief
too good to waste
@AiMillstar @nolim1t@JoelAmigoHauer @bennylevi
Monday, 12 August 13

13. Competitor analysis
deal & discovery app try for free deals charity food recovery
perishable food app
first in category
ONE OF A KIND
Monday, 12 August 13

14. NOW
1/08/13
01/10/13
01/11/13
launch BETA to cafe’s
basic free version to validate
consumer demand and convert cafes
acquire & convert acquire & convert
01/02/14
14
Timeline phases
Our plan
restaurants supermarkets
release version 2
implement venue paid ‘specials’
release version 3
implement online transaction
processing model & fee structure
22 participating cafes
as of TODAY
Monday, 12 August 13

15. 15
QUESTIONS?
and possibly some answers too
www.signup.lastbite.com
too good to waste
Monday, 12 August 13