The document discusses alternatives to raising funding for startups, including bootstrapping a business using customers. It recommends focusing on building a minimum viable product, validating the product with customers, and using customer payments to fund further development rather than seeking investors. Specifically, it suggests (1) focusing on a step-by-step process of building features, determining customer value, and setting pricing based on data; (2) outsourcing non-essential tasks; and (3) only raising funding once there is high customer demand, clear milestones are in place, and the business is already seeing traction.
2. Price Intelligently | HOBSONS
AGENDA
• Quick overview of Price Intelligently and myself
• Why you need to rethink funding?
• When funding is necessary?
• Alternatives to Funding
• Building a business without funding
• Things to look for when raising cash
6. Price Intelligently | HOBSONS
Deep customer pricing intelligence for
software companies.
7. Price Intelligently | HOBSONS
PRICING AND
KEY MILESTONES:
• May 2012: Founded in Boston
• Nov. 2012: 50+ Customers
International Expansion to UK, Canada, & Australia
• Jan. 2013: Expanded Team to 10
• April 2013: Completed Over 100,000 Pricing Studies
LEADERSHIP:
• CEO/Co-Founder: Patrick Campbell
• Technologist/Co-Founder: Christopher O’Donnell
• Technologist/Co-Founder: Aaron White
Over 30+ Years of Economics & Technology Experience
8. Price Intelligently | HOBSONS
EXPERIENCE IN SOFTWARE
"The Price Intelligently team removed the
guesswork from our pricing strategy, providing
us with hard data from real people that fit our
personas. Pricing is something we have to
get right; our business depends on it.
"We were incredibly pleased with Price
Intelligently. I would recommend them to
anyone who wants real data on the value
customers and prospective customers
place on your products and features.”
“Price Intelligently was able to collect and
compile more information than we ever could.
PriceIntel helped us quickly understand the
customer value of our product, which was data
that we couldn’t get anywhere else.”
"To me, pricing is the one area that marketers
need to consider first and foremost. PriceIntel
makes the pricing process painless and
remarkably powerful with its extraordinary
findings and in-depth analysis.”
CEO – Nick Francis Director of Product – Chris Bulger
CEO – Chris Savage CMO – Jeanne Hopkins
25. Price Intelligently | HOBSONS
YOUR BUSINESS
Product and Company
Persona 1
Features E,F,G,H
Value Proposition 1,2,3,4 Value Proposition 5,6,7,8
Pricing
Features A,B,C,D
Value Proposition 1,2,3,4
Price Sensitivity & Value Metrics
Features C,D,E,F
Value Proposition 5,6,7,8
Price Sensitivity & Value Metrics
Persona 2