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by. Video. Our Team. Paul Behrman (CEO/Co-founder) Successful private equity investor for over a decade Stanford MBA (1994) Designed the AI, the Holy Grail of Poker, and SkillBet Christophe Prevost (Director AI/Co-founder) World class computer programmer
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Our Team Paul Behrman (CEO/Co-founder) • Successful private equity investor for over a decade • Stanford MBA (1994) • Designed the AI, the Holy Grail of Poker, and SkillBet Christophe Prevost (Director AI/Co-founder) • World class computer programmer • Key software developer at Murex, a leader in software development for financial trading • Master's in informatics and applied mathematics from ENSIMAG • Wrote all code for AI and leads all development activities
Our Team Marketing • Greg Powell (Affiiate Marketing) • Michal Lagan (Graphic Design) Technology • Melanie May (Web Development) • John Torjo (Server Development)
Legality of SkillBet • Most states define gambling as wagering on a game of chance • Many companies have offered skill gaming in over 30 states with no legal issues for a decade, e.g., • King.com, • Fun Technologies, and • Virgin Gaming • Five expert gaming lawyers have analyzed SkillBet • All willing to provide a legal opinion; one became an investor • Marc Zwillinger (former head of internet gaming policy and enforcement for the US Department of Justice) provided our opinion
Stellar Marketing Opportunities • Social Media Marketing • Play Pros For Free (on iPad, iPhone, Facebook, etc.) will revolutionize poker training globally • You Play Your Friends. We Pay the Winner! • Conventional Marketing (largely competing with non-poker advertisers) • Purchased poker media • Affiliate Marketing • Television
Key Assumptions in Projections • Customer Acquisition Costs • We assume that we pay $129 and raising to $144 to acquire customers • We assume we pay revenue share starting at 40% and falling to 33% • Lifetime Value/Customer • Poker Stars reportedly has a $1200 lifetime revenue/customer • Full Tilt Poker reportedly had a lifetime revenue/customer in excess of $1000 • We project $333 in revenue/customer
Projections Detailed financial projections are available upon request. These projections implicitly assume a 1.5% market share in 2015.
Investment Opportunity • Raised $1 Million in Convertible Preferred • Terms based on widely accepted “series seed” open source docs • Oversubscribed and turned away $400,000 of investment demand • World Class Investor Group, includes… • Tom Mendell (former Co-Head of Goldman Sach’s Private Equity Group) • Leo Vogel (CEO of e2 Commuincations in Austria) • Mark Marney(former CEO of TGW.com, world's largest golf e-commerce company) • Michael Targoff(current CEO of Loral Space & Communications) • Craig Jones (co-founder and Managing Partner of Ticonderoga Capital)