True Yardage is a mobile application designed for the avid golfer that utilizes GPS technology in your cell phone to give you real time, precise distance information to any point on the golf course. Startup/business
Illinois,
United States
http://www.trueyardage.com
Using a technology developed by Jonathan
Miller, one of the company’s founders, True Yardage allows golfers
the ability to download to their cell phones or PDAs a map of the golf course about
to be played.Combined with the GPS functionality
of the golfer’s device, True Yardage’s system presents the user with a
graphical interface of the course layout that will provide accurate distances
to the front, middle, and back of the green, as well as any obstacles in
between.True Yardage’s system is priced
significantly below existing golf GPS technologies, is extremely user friendly,
and presents a rich graphical display currently offered by only the highest-end
existing systems.
Golf is one America’s most popular sports and
has benefited from a surge of popularity over the past decade.In 2006, the National Golf Foundation
estimated the number of golfers in the U.S. at over 28 million.Collectively, these golfers play approximately
500 million rounds annually, with over 12.5 million “avid” golfers playing over
8 times per year.Golfers have
historically demonstrated a strong propensity to spend money to improve their
game.The U.S. golf equipment market totaled
$5.8 billion in 2006, having grown at a compound annual rate of 2.4% since
2000.Another key driver of True
Yardages’s business is the increasing penetration of handheld GPS devices in
the U.S.Handset providers have driven this process,
greatly improving GPS handheld devices and lowering their costs.According to ABI Research, increasing sales
of GPS enabled handsets is will push the worldwide market for these devices to
$50bn in 2008 and to $100bn by 2012.While U.S.
penetration levels are currently estimated between 5-15%, this number is
expected to increase by 30% per year.Importantly, golfers are significantly more prone to carry GPS enabled
devices.
True Yardage will target golfers who play frequently
and are committed to improving their score. Research indicates that True
Yardage’s technology will appeal most to 35+, working professionals with an
affinity for gadgets, and already have GPS enabled cell phones. The
company will reach these segments through golf courses, a golfer to golfer
viral strategy, and the company’s on-line website. At the golf courses,
our tactics will include free demonstration days as well as selling through
golf pro shops and the course’s web-sites. Our golfer to golfer viral strategy
relies on golfers sending free trials to their friends via text. The company
on-line website will be the face of the company where information gathering and
purchasing can easily occur. These marketing tactics serve to demonstrate our
two competitive differences: the ease /convenience of turning your cell phone
into a golf GPS handheld device and the low price with the same state of the
art GPS features.
True Yardage has the highest quality graphical golf
course maps available in the industry for one of the lowest prices.
Furthermore, our technology has been developed to be conveniently used on our
consumer's mobile phones.
True Yardage is led by a deep and talented management
team with varied backgrounds and strong professional experience.The team will initially consist of Kevin Van Culin, Jonathan
Miller, and Tim Schlueter.Together, they represent a total of 14 years
experience in entrepreneurship, strategy and marketing consulting, and
corporate leadership.True Yardage is
also working to build a strong advisory board.