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You’re   different from everyone else
So why buy
the     same
thing in the
same      way
that everyone
else does?
It is
time to
say

NO
one-size-fits-all
products off-the-shelves
products that harm
our trees
our animals
and our households
don’t be like this
you deserve a better shopping
         experience
one that is fun and interactive
with great design and stunning
            imagery
an experience that gives you
  enough curated choices
to exercise control and power
but with expert guidance and
     recommendations
to feel confident and not
      overwhelmed
because creativity loves
      constraint
express yourself from deep
          within
BY personalizing items that
    you use everyday
because your outside is a canvas
  for who you are on the inside
create thoughtful gifts that will
delight your family and friends
no more false gimmicks and
    deceptive labeling
support locally-based
    businesses
help us give jobs to people
be part of a bigger cause
reconnect with nature
be the cool one among your
          friends
be unique
Who are our customers?
Meet Felicia
Felicia is a 24-year-old
working professional
living by herself in the
city with a disposable
income who spends
most of her free time
online.
Her Habits
Creativity and Personal Expression
• She loves being creative and feels the need to express herself from something
   deep within her. She does so by blogging, filming YouTube videos, capturing
   pictures with Instagram, writing beauty reviews, creating fashion collages on
   Polyvore, contributing articles to female magazines, commenting on beauty
   websites, participating in forums and bookmarking beautiful pictures on Pinterest.
• With so much time spent online and on her mobile, it is no wonder that she has
   weaker interpersonal skills

Openness, Social Sharing and Validation
• She likes the social validation that comes from her tribe in the form of Facebook
   likes, Twitter retweets and Pinterest repins. She spends time sharing interesting
   links with her friends on Skype and Gchat.

Shopping
• She uses at least 10 different personal care products a day. She sells and buys
   handmade jewelry on Etsy. She subscribes to Birchbox. She downloads shopping
   apps on her phone.

Engagement
• She wants good advice and guidance but retain the power and given enough
Her interests
Health and Beauty Wellness
• She takes good care of her skin and
  appearance because she believes that the
  outside is a canvas of who she is on the inside.
• She has no brand loyalty and would try out
  new brands that appeal to her.
• She puts life before jobs
Her Social Identity
• She is an early adopter, an influencer and a
  tastemaker. She reads beauty blogs and
  magazines because she likes to be the first to
  know about the latest trends. If anything catches
  her eye, she’ll share it with thousands of friends
  and followers on social media networks.
• She is hipster. She is unique and likes to
  differentiate herself by rejecting mass-produced
  products.
Her Values
• She is altruistic. She is mindful of of how her
  purchases affects the environment and likes
  to be a part of a cause bigger than herself.
• She values authenticity and buys things that
  represents who she is. She is well-informed
  and can see through deceptive labeling and
  false gimmicks. She is distrustful of faceless
  corporations that will do anything at the
  expense of profitability.
Business model
Open Innovation
• Link our customization platform and internal
  resources to the outside world (let the
  customers tell us what they want through a
  guided process)

• Instead of an internal R&D process, structure
  an open R&D process that invites partners
  and customers to participate in the creation of
  end products
Long Tail
• Offering a large number of niche
  products, each of which sells relatively
  infrequently

• Low inventory cost and strong platforms
Marketing Strategy
Strategy

Form deeper relationships with a group of early-
adopters and tastemakers who will be the
evangelists of our products.

Lower acquisition costs since early-adopters like to
be the first to access a product.

They are more willing to try it out and more forgiving
of a less-than-perfect product.
Distribution
– Kickstarter Campaign

– Affiliate Traffic

– Referrals

– Search Engine Marketing (Google Adwords, SEO)

– Media Exposure (female magazines and websites)

– Public Relations (sending out personalized products to
  bloggers and other big brands)
Market Size
Market Size
• Global Market Size: $350 Billion Per Year (According to
  Euromonitor)

• U.S. Market Size:
    – 2010: $33.3 billion
    – Growth of $2.6 Billion

• U.S Organic:
    – 2010: $5 billion
    – Growth of $1.7 Billion

• Skincare: Largest portion of the beauty industry

• E-commerce & mass customization are new markets that have high-
  growth
Other Industry Trends
• Recession-proof (Consumers may not buy cars of
  diamonds, but they still indulge in small guilty
  pleasures)

• Products have high profit margins (Lower cost of
  goods sold) and customers are willing to pay
  premium

• Lower customer acquisition costs since it is easier
  to go viral as women are communicators and top
  users of social media networks and shopping
Funding
• Crowdsourcing

• Venture Capitalists

• Incubators
Risks
• Raw Materials

• Time
Meet The Team
Melissa Lim (Team Leader)
             •   Managed a cross-functional team
                 of 11 at Singapore’s No.1
                 Women’s Website

             •   Managed beauty events with over
                 2000 attendees

             •   Part of a team that launched a
                 women’s magazine that sold out
                 upon launch

             •   Launched OpenRice.com, Asia’s
                 No.1 Online Dining Guide in
                 Singapore
Filippo Zanella
        • PhD Candidate at University of
          Padua, Italy

        • UCSB Visiting Researcher

        • Team Leader of A-Pole, mobile
          application development
          Studio, team just got accepted
          to H-Farm one of the top
          incubators in Europe

        • Fencing Champion in Santa
          Barbara
Russell Palmiter
        • Technical and product
          management roles across
          various domains such as small
          business accounting
          (Intuit), creative professionals
          (Adobe), CRM (Salesforce), e-
          Commerce (Swimoutlet) and
          medical devices (Alcon)

        • Masters in Computer Science

        • Founder of IzKit, an e-
          commerce software provider
Valentina Pachova
         • Physicist by education

         • Working at Origins, a company
           that prides itself as being
           powered by nature and proven
           by science

         • Brings her love and research
           for natural ingredients to our
           project

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Stanford Venture Lab - Final Presentation for EcoBeautyLab

  • 1. You’re different from everyone else
  • 2. So why buy the same thing in the same way that everyone else does?
  • 4.
  • 5.
  • 13. you deserve a better shopping experience
  • 14. one that is fun and interactive
  • 15. with great design and stunning imagery
  • 16. an experience that gives you enough curated choices
  • 17. to exercise control and power
  • 18. but with expert guidance and recommendations
  • 19. to feel confident and not overwhelmed
  • 21. express yourself from deep within
  • 22. BY personalizing items that you use everyday
  • 23. because your outside is a canvas for who you are on the inside
  • 24. create thoughtful gifts that will delight your family and friends
  • 25. no more false gimmicks and deceptive labeling
  • 26. support locally-based businesses
  • 27. help us give jobs to people
  • 28. be part of a bigger cause
  • 30. be the cool one among your friends
  • 32. Who are our customers?
  • 33. Meet Felicia Felicia is a 24-year-old working professional living by herself in the city with a disposable income who spends most of her free time online.
  • 34. Her Habits Creativity and Personal Expression • She loves being creative and feels the need to express herself from something deep within her. She does so by blogging, filming YouTube videos, capturing pictures with Instagram, writing beauty reviews, creating fashion collages on Polyvore, contributing articles to female magazines, commenting on beauty websites, participating in forums and bookmarking beautiful pictures on Pinterest. • With so much time spent online and on her mobile, it is no wonder that she has weaker interpersonal skills Openness, Social Sharing and Validation • She likes the social validation that comes from her tribe in the form of Facebook likes, Twitter retweets and Pinterest repins. She spends time sharing interesting links with her friends on Skype and Gchat. Shopping • She uses at least 10 different personal care products a day. She sells and buys handmade jewelry on Etsy. She subscribes to Birchbox. She downloads shopping apps on her phone. Engagement • She wants good advice and guidance but retain the power and given enough
  • 35. Her interests Health and Beauty Wellness • She takes good care of her skin and appearance because she believes that the outside is a canvas of who she is on the inside. • She has no brand loyalty and would try out new brands that appeal to her. • She puts life before jobs
  • 36. Her Social Identity • She is an early adopter, an influencer and a tastemaker. She reads beauty blogs and magazines because she likes to be the first to know about the latest trends. If anything catches her eye, she’ll share it with thousands of friends and followers on social media networks. • She is hipster. She is unique and likes to differentiate herself by rejecting mass-produced products.
  • 37. Her Values • She is altruistic. She is mindful of of how her purchases affects the environment and likes to be a part of a cause bigger than herself. • She values authenticity and buys things that represents who she is. She is well-informed and can see through deceptive labeling and false gimmicks. She is distrustful of faceless corporations that will do anything at the expense of profitability.
  • 39. Open Innovation • Link our customization platform and internal resources to the outside world (let the customers tell us what they want through a guided process) • Instead of an internal R&D process, structure an open R&D process that invites partners and customers to participate in the creation of end products
  • 40. Long Tail • Offering a large number of niche products, each of which sells relatively infrequently • Low inventory cost and strong platforms
  • 42. Strategy Form deeper relationships with a group of early- adopters and tastemakers who will be the evangelists of our products. Lower acquisition costs since early-adopters like to be the first to access a product. They are more willing to try it out and more forgiving of a less-than-perfect product.
  • 43. Distribution – Kickstarter Campaign – Affiliate Traffic – Referrals – Search Engine Marketing (Google Adwords, SEO) – Media Exposure (female magazines and websites) – Public Relations (sending out personalized products to bloggers and other big brands)
  • 45. Market Size • Global Market Size: $350 Billion Per Year (According to Euromonitor) • U.S. Market Size: – 2010: $33.3 billion – Growth of $2.6 Billion • U.S Organic: – 2010: $5 billion – Growth of $1.7 Billion • Skincare: Largest portion of the beauty industry • E-commerce & mass customization are new markets that have high- growth
  • 46. Other Industry Trends • Recession-proof (Consumers may not buy cars of diamonds, but they still indulge in small guilty pleasures) • Products have high profit margins (Lower cost of goods sold) and customers are willing to pay premium • Lower customer acquisition costs since it is easier to go viral as women are communicators and top users of social media networks and shopping
  • 47. Funding • Crowdsourcing • Venture Capitalists • Incubators
  • 50. Melissa Lim (Team Leader) • Managed a cross-functional team of 11 at Singapore’s No.1 Women’s Website • Managed beauty events with over 2000 attendees • Part of a team that launched a women’s magazine that sold out upon launch • Launched OpenRice.com, Asia’s No.1 Online Dining Guide in Singapore
  • 51. Filippo Zanella • PhD Candidate at University of Padua, Italy • UCSB Visiting Researcher • Team Leader of A-Pole, mobile application development Studio, team just got accepted to H-Farm one of the top incubators in Europe • Fencing Champion in Santa Barbara
  • 52. Russell Palmiter • Technical and product management roles across various domains such as small business accounting (Intuit), creative professionals (Adobe), CRM (Salesforce), e- Commerce (Swimoutlet) and medical devices (Alcon) • Masters in Computer Science • Founder of IzKit, an e- commerce software provider
  • 53. Valentina Pachova • Physicist by education • Working at Origins, a company that prides itself as being powered by nature and proven by science • Brings her love and research for natural ingredients to our project