Confidantly
Location: 440 North Wolfe Road, Sunnyvale, California 94085, United States United States
Founded in: 2010
Stage: Beta (public testing)
Number of employees: 1-5
Profitable year: 2012
Short URL: vator.co/confidantly
Awards and mentions
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Confidantly

The Best Networking Opportunities and People To Meet
Startup/business
California, United States United States
http://www.confidantly.com/
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About
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Company description

Confidantly is a business-networking company that finds the best networking opportunities and people to meet, to greatly increase the effectiveness of your networking.

Users can search for the best networking opportunities at more than 50k upcoming events every month with people they want to meet. They can subscribe for weekly email alerts of the best opportunities that week, and also receive a Twitter feed of the latest opportunities that have been discovered for the next day. When they get to the event, they already know the top ten people to meet and can use the Mobile Web App to find the best way to start the engagement and also discover the best opportunities nearby. The solution gives the user a clear advantage in knowing where to go, who to meet, and what to say in advance, in order to greatly increase the effectiveness of their networking.

Most people miss the best networking opportunities with people they want to meet because of the proliferation of events and lack of information on the other people there. They mingle around the event looking for the chance encounter and manage to only talk to a small number of people, most of whom turn out to be the wrong match, and resulting in no follow-up and missed opportunities.

We solve this problem by finding people who are attending events and meetups worldwide, discover their public social-profiles, and match them up with our users so that they can network more effectively in person. This is done through interest-graphs that are dynamically created from the event, profile, search data and a proprietary matching algorithm to find the most relevant networking opportunities and people to meet, based on the user’s social-profile. The service is delivered on the Web and on all major Smartphone platforms.

Since starting the Private Beta trial in Nov’2010, the service has grown to hundreds of thousands of networking events in twelve thousand cities with millions of attendees.

Our Subscribers come from a broad set of industries and we have seen a user conversion-rate to subscription and weekly engagement-rate that is 2-3x the industry-average.

We have acquired users through Email, Social and Affiliate Marketing, which can be scaled quickly at low-cost.


Team
Business model

The Business-Model is Freemium with revenues based on:

  1. Premium-Subscription for Users
  2. Lead-Generation for Marketers
  3. Affiliate-Marketing for Partners
Competitive advantage

Our competitive-advantage stems from access to large amounts of event, profile, search data and a proprietary matching algorithm to find the most relevant networking opportunities and people to meet, based on the user’s social-profile.