Company description
Business Model:
Transactional:
- Products / coupon / virtual goods sales
Advertising:
- Branding / product placement
Team
Raised $60K seed round from Ideiasnet @ $150K valuation.
Currently, seeks $500K-$1,5M Series A round @ $6M valuation.
Use of Proceeds:
- Team: hire 2 dev engineers, 2 social media analysts & 2 commercial
- Promotion: online marketing campaigns & customer acquisition
Objectives: get 10M users, 100K customers, $10M revenue by Q4/2012.
Business model
Transactional:
- Products sales (%)
- Coupon sales
- Virtual goods sales
Advertising:
- Brand / product placement
- Sponsorships
Competitive advantage
With 85% of internet users accessing social media sites, like Facebook, Twitter, and Orkut, Brazil is a large addressable market and lab for innovative user experiences and business models.