Embed Size (px)
Citation preview
2015 Business Plan
Business Overview
CoinCorner is a revenue generating bitcoin & blockchain
services company. We are looking to disrupt the financial
services sector from a variety of angles.
We began life in July 2014 with the launch of our bitcoin
exchange, followed shortly by a range of additional services.
Our focus is on servicing the general consumer market which
is growing at a substantial rate. We aim to create easy access
to bitcoin and the blockchain for everybody.
We are not a trader focused exchange: we believe profitable
arbitrage opportunities will diminish as the market becomes
more liquid. We believe owning the relationship with the
end consumer will ultimately be the key to generating
significant revenue.
www.coincorner.com
What is CoinCorner Facts and figuresRange of Current Services
• Isle of Man designated business
• 21,000+ registered users
• 500+ weekly signups – majority from organic traffic
• Marketing spend less than £6,000 total to date
• £1,000,000+ completed transactions
• Current monthly cost base of £15,000
• Investment to date:
• Seed £50,000
• Angel £150,000
• In the press:
Platform Overview
www.coincorner.com
www.coincorner.com
Team
www.coincorner.com
+44 (0) 1624 827858
St James Chambers, Athol Street Douglas , Isle of Man, IM1 1JE
Initial Contact
Danny Scott – Co-Founder / CTOEntrepreneurial developer, with 1 tech start-up (1 of 3 key people) acquisition under his belt, also ran his own software company for 2 years before starting [email protected]://www.linkedin.com/pub/daniel-scott/21/351/590
Charlie Woolnough – Co-Founder / CEOOver a decade of experience in the investment banking and hedge fund industry,having previously worked at a senior level for ABN Amro, HSBC and Credit Suisse.
[email protected]://www.linkedin.com/pub/charlie-woolnough/13/977/333
Phil Collins – Co-Founder / COOPhil has over 15 years’ experience in running corporate structures across a variety of industries. He was most recently Head of Operations for a large development company. [email protected]://www.linkedin.com/pub/phil-collins/4/82/965
Duncan Hughes – Development LeadSeasoned developer with 15+ years experience in IT from start-ups to blue chip companies, Covering e-gaming and finance and including Hitachi, Motorola and Yum [email protected]://www.linkedin.com/pub/duncan-hughes/1b/a36/797
Alex Holt - Advisor / InvestorWe welcomed Alex as part of the team with his £150,000 investment in March 2015. Alex is the co-founder of CostaBingo.com which he successfully exited in 2014. His focus is now on CoinCorner and BGO.com which he is also co-founder [email protected]://www.linkedin.com/pub/alex-holt/1/a24/98a
Team Investors
www.coincorner.com
Business Growth Strategy
• Bitcoin adoption has continued to grow year on year, with significant
growth from 2012 onwards. We believe bitcoin is in its infancy and will
continue to grow substantially over the coming years.
• Investment in the bitcoin space is almost $400mn for 20151
• Companies invested and/or researching the space
• Goldman Sachs
• New York Stock Exchange
• Banks including BBVA, Barclays, BNP, Citibank, UBS, Santander
• IBM
“by 2017 alternative schemes will overtake cards for products and services
purchased online, with alternative payments accounting for 59% of all
transactions”… World Pay Report 2015
Current State of BTC
Industry Overview
www.coincorner.com
1. https://www.cbinsights.com/blog/2015-bitcoin-funding-trend/
Competitor Analysis
Comparing ourselves using internet traffic tool Alexa we have a very positive comparison of traffic against some
substantially backed competitors. Our plan is to continue to grow intelligently and replicate our model across
Europe.
Our conversion rates are very strong
• 13.2% traffic to registration
• 45% UK registration to credit card deposit
Even though some of our competitors have
gained much larger funding we have
continued to compete with them even
while bootstrapping our business. We have
ran and will continue to run a lean
business intelligently, allowing us to
compete and grow in this new fast paced
industry.
We continue to analyse our competitors to
see what they do well and what they do
wrong. Allowing us to target the areas our
competitors struggle to do well.
View on the Competition
www.coincorner.com
