Grapevine Deck
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Travel’s First Content Platform Powered by Machine Learning<br />
www.grapevine.travel
?<br />
Music Movies Retail<br />
Travel<br />
Mature industries are being disrupted by simplicity and convenience.<br />
Travel is next.<br />
2 | <strong>Grapevine</strong>
THE PROBLEM<br />
The average person spends over 10 hours visiting 38 sites when planning a trip 1 . Why?<br />
www<br />
ADS<br />
A highly fragmented<br />
user journey<br />
Multiple sites and channels, plus no simple way<br />
to organise inspiration make the planning<br />
process disjointed & painful<br />
Trust in traditional review<br />
sites has diminished<br />
Who are these people and can you trust them?<br />
Friends give the most trusted advice, but getting<br />
their recommendations takes time and work<br />
High-quality, relevant<br />
content is difficult to find<br />
Competition from paid search and SEOengineered<br />
content means even the best<br />
travel content struggles to get to the surface<br />
3 | <strong>Grapevine</strong><br />
1Source: Expedia
OUR SOLUTION<br />
One platform that aggregates ALL the content<br />
you will ever need to plan the perfect trip<br />
Discover<br />
Inspiring location-specific<br />
content from travel media,<br />
brands and bloggers from<br />
around the world<br />
Organise<br />
Curate lists of your favourite<br />
places and build dynamic<br />
itineraries on the fly<br />
Validate<br />
Friends' and experts’ lists and<br />
recommendations all in one<br />
spot and at your fingertips<br />
Book<br />
Unparalleled convenience &<br />
confidence to book travel in-app<br />
4 | <strong>Grapevine</strong>
OUR COMPETITIVE EDGE<br />
Most platform are built to focus on<br />
ONE STAGE of the user journey.<br />
<strong>Grapevine</strong> is specifically designed<br />
to cater for ALL FOUR.<br />
✓<br />
World's first product dedicated to<br />
organising multimedia travel content<br />
VALIDATION<br />
✓<br />
Unique combination of curated content<br />
and travel media = high engagement,<br />
retention & strong conversion funnel<br />
✓<br />
ML-powered search & filtering ensuring<br />
personalised & relevant content<br />
INSPIRATION<br />
ORGANISATION<br />
✓<br />
Value exchange between content creators<br />
and those looking to be inspired — with<br />
multiple touch points for good content to<br />
be discovered<br />
BOOKING<br />
✓<br />
Ability to target customers across all<br />
stages of the purchase cycle<br />
5 | <strong>Grapevine</strong>
THE PRODUCT<br />
Finally, the best content from around the web, combined<br />
with recommendations from friends and experts<br />
Validation<br />
Inspiration<br />
Discover personalised,<br />
multimedia content from experts,<br />
locals & friends<br />
Democratised platform:<br />
high-quality content rewarded by<br />
the community<br />
Get to know the people behind<br />
the content: view their profiles<br />
and see where they've been<br />
See where your friends and<br />
influencers go and what’s<br />
trending<br />
6 | <strong>Grapevine</strong>
THE PRODUCT<br />
And a state of the art organisation tool to bridge the<br />
gap between discovering places and booking them<br />
Book<br />
Create itineraries and book at the tap of a button<br />
Organise<br />
Build confidence that you have everything needed<br />
to book the perfect trip<br />
Curate lists of places and content for<br />
easy access on-the-go<br />
Save places, media, lists and photos<br />
to your profile for future reference<br />
No more screenshots or unstructured<br />
notes — places are extracted from<br />
content using machine learning for<br />
easy saving<br />
Coming<br />
Soon…<br />
7 | <strong>Grapevine</strong>
TECHNOLOGY<br />
Tech-Fueled Convenience<br />
Next Up…<br />
Launching with…<br />
Leveraging existing APIs to deliver great customer<br />
experience and Product Market Fit<br />
Proprietary ML models<br />
Development of proprietary Machine Learning technology (RNN) to<br />
enhance place ingestion and extraction capabilities<br />
Powerful Places Database<br />
IBM Watson - Identification and atomisation<br />
of Places from multiple channels (articles,<br />
videos and photos) using Watson's Natural<br />
Language API<br />
Advanced algorithmic tagging of ingested<br />
content and transformation into presentable<br />
and useful information for the end-user.<br />
Intelligent approach to Place and Map APIs<br />
(Google, MAP BOX & Open Street Map) to<br />
mitigate cost risks<br />
Unique processing of places data furnishing proprietary database<br />
and creating intrinsic enterprise value<br />
A.I. powered curation<br />
Leveraging Artificial intelligence to learn user preferences and<br />
deliver personalised and relevant recommendations<br />
Intuitive itinerary & Booking Engine<br />
Leveraging the unique inspiration and validation funnel to<br />
provide a one-stop-shop to booking, thereby completing the<br />
purchase funnel<br />
8 | <strong>Grapevine</strong>
KEY PRODUCT MILESTONES<br />
Progress to date<br />
Next steps<br />
Raised £200k at a £1.35 pre-money valuation in 2018<br />
Performed over 100 hours of user testing and research<br />
Built a proven team including Global CRO for Time Out,<br />
veteran Silicon Valley CTO and former CIO of IAG & Hilton<br />
Database of 5k+ potential target users & content creators<br />
and 1k+ users waitlisted<br />
Selected for the Mayor of London's Business Growth<br />
Programme<br />
Research, Team &<br />
Product Validation<br />
Formal launch<br />
of Product<br />
New features,<br />
partnerships & scale<br />
Shortlisted by Travel Technology Europe for the 2019<br />
Disrupt Launchpad, London<br />
Imminent US expansion early 2020<br />
2018<br />
Feb, 2019<br />
2019 2020<br />
9 | <strong>Grapevine</strong>
A HUGE MARKET OPPORTUNITY<br />
GLOBAL E-TRAVEL SPEND<br />
TARGET MARKET: MILLENNIAL TRAVELLERS<br />
$ 632.1bn<br />
$ 208.6bn<br />
15% Growth<br />
(2021)<br />
15% Growth<br />
(2021)<br />
✓<br />
✓<br />
✓<br />
Accountable for 50% of total market spend<br />
Frequent travellers: 3+ trips per year & spend £1k+ per trip<br />
Tech savvy and used to information & service at their fingertips<br />
(Uber / Deliveroo)<br />
✓<br />
Active community of independent content creators, looking for<br />
ways to increase traffic and monetize their content**<br />
$ 127.1bn<br />
Total spend, all categories<br />
Non-mobility spend<br />
✓<br />
High value: 1% of Millennial Total Available Market >$3bn in<br />
revenues (as of today)<br />
Young tourist spend<br />
10 | <strong>Grapevine</strong><br />
Source: Statista, Hotels, restaurants, bars&gyms.Excludes retail
MULTIPLE REVENUE<br />
OPPORTUNITIES<br />
Enterprise<br />
Subscription<br />
Booking<br />
Listings &<br />
Partnerships<br />
‣ Places and Maps API to be<br />
monetized per 'call'<br />
‣ Ability for venues on the platform to<br />
claim and moderate their business<br />
page (freemium model)<br />
‣ Partnerships with tourism boards,<br />
brands and influencers to implement<br />
creative campaigns<br />
‣ In-app reservation bookings<br />
(e.g. restaurants)<br />
‣ Ability to create itineraries &<br />
book in platform<br />
‣ Integration with travel (flights<br />
& accommodation), event and<br />
experience affiliates<br />
‣ B2B - Abilities for venues to<br />
display "as-seen-in" page when<br />
mentioned in online publications<br />
for a nominal monthly fee<br />
‣ B2C - Access to premium<br />
content, exclusive travel offers<br />
and booking incentives<br />
‣ License the atomization API to<br />
publishers and media companies<br />
‣ License Content Aggregation<br />
Services API<br />
‣ Entertainment Services - Transport<br />
integrations (airlines, rail, etc.)<br />
11 | <strong>Grapevine</strong>
AND THE TEAM TO DELIVER<br />
Jack Dow<br />
Founder & CEO<br />
Justin Etheridge<br />
CRO<br />
Patrick Burke<br />
CMO<br />
13 years in commercial real estate investment<br />
and involved in over $10bn in global real estate<br />
transactions. An avid traveller, Jack drives<br />
<strong>Grapevine</strong>'s mission to disrupt the travel<br />
industry through simplicity.<br />
Former Global CRO for Time Out and key member of<br />
the global executive team that delivered its<br />
successful IPO in 2016. 20yrs experience in<br />
publishing, strategy and revenue; advisory Board<br />
Member at BCMA and board advisor to Australia's<br />
largest B2B media business The Intermedia Group.<br />
Growth-focused marketer with 10+ yrs<br />
experience developing multi-channel digital<br />
strategies and leading content teams for global<br />
agencies including Mediacom and Universal<br />
McCann. Patrick has a deep passion for travel,<br />
having visited 31+ countries and counting.<br />
Carlo Burci<br />
COO<br />
Alex Hortopan<br />
CTO<br />
Nigel Underwood<br />
NED<br />
Multi-disciplinary operator and entrepreneur with 10+ years<br />
experience founding and working with startup internet<br />
companies. Carlo has built product teams for companies<br />
valued at $200m+, including four-time Deloitte Fast 50 CEE<br />
winner Trencadis Corp, and CAA/ NEA backed Genies Inc.<br />
Technology-agnostic solutions architect and<br />
engineer with 13+ years experience in software<br />
development. Alex was formerly the CTO of<br />
California-based Genies Inc., currently valued at over<br />
$120m.<br />
Former Global CIO of IAG, Exel (DHL) and Hilton<br />
Hotels, Nigel has over 25 years international<br />
experience in the travel, transport and hospitality<br />
industries. He brings a strong focus on governance,<br />
strategy, innovation and value creation.<br />
12 | <strong>Grapevine</strong>
PROJECTIONS<br />
Monthly Revenues, Costs and Active Users (3-year)<br />
MAU (million) MRR Operations Payroll (non eng.) Mkting / Sales Payroll (eng.)<br />
300K<br />
4.0<br />
✓<br />
Year 1 burn rate
INVESTMENT PROPOSITION<br />
Raising a Seed round to build team, achieve product market fit and successfully<br />
launch to market<br />
MVP: Tranche 1<br />
£200k<br />
Consolidate:<br />
Tranche 2<br />
up to £200k<br />
Next up:<br />
Series A<br />
(c. 12mths)<br />
UK / USA<br />
OPERATIONS<br />
15%<br />
PAYROLL (ENG.)<br />
26%<br />
1<br />
Raising £400k in 2 tranches:<br />
- Tranche 1: £200k (May '18 - completed)*<br />
- Tranche 2: £200k (Feb '19)<br />
MARKETING / SALES<br />
12%<br />
USE OF<br />
FUNDS<br />
2<br />
3<br />
4<br />
Investment in Your <strong>Grapevine</strong> Limited (UK)<br />
Existing investor approval for Tranche 2 investment<br />
at current £1.35M valuation (pre-money)<br />
EIS eligible for UK investors<br />
PAYROLL (NON ENG.)<br />
46%<br />
14 | <strong>Grapevine</strong>
Travel’s first content platform powered by machine learning<br />
UK Mobile: +44 7955 802 623<br />
Email: jack@grapevine.travel<br />
www.grapevine.travel<br />
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