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ZoomCharts had an excellent time participating in the TechHub Rīga March Meetup on March 12, 2015, taking place at Kaļķu street 12/14, Rīga, LV-1050, Latvia. ZoomCharts CEO and Co-Founder Janis Volbergs gave an engaging presentation on the startup path from idea, to market, to investment, and what it takes to build a product from the ground up and take it to a new level. How did it all start? A problem was spotted. There were no visualization libraries delivering truly interactive charts for touch enabled devices that were capable of working with big data. And so the idea emerged. This was the right time to build such a library. Why? Because touch screen displays will become a $31.9 billion dollar market by 2018. Smart mobile sensor devices were used by 1.75 billion people in 2014. The Big Data market will grow exponentially (from $8.8 billion in 2013), to $48 billion in 2018. HTML5 adoption is wide enough and touch enabled devices are powerful enough to generate interactive visualizations. The ingredients for a successful startup include: 1. A grand vision. ZoomCharts’ vision is to become the number one SDK for interactive chart development in web and mobile apps. 2. A realistic plan for execution and getting your vision implemented. 3. (Most importantly) A team, able to see the grand vision and execute the plan. ZoomCharts started small, but focused. A vision was set, a core team of professionals was assembled, and a detailed business plan was derived, which led to a €200,000 seed investment. The product was created in less than a year, and launched public downloads and a shop in March 2014. In less than a year, the customer list grew to include companies such as TCI Business Capital, Hewlett Packard, D8 Corporation, Proteus Enterprise, Narus, SwissLife, Taykey, Derivitec, Sensors, Click & Pledge, Ryan Scientific, Inc., Booxs, Frostbyte Consulting, Image webdesign, Norbit, Helm, Zengo, Ense Group, RCS, Helbling, Loonloon, Fractalerts.
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Agenda ZoomCharts - demo From Idea to Market ZoomCharts today ZoomCharts future Questions and answers • Please, ask your questions after the presentation
Problem was spotted, that there was no visualization library delivering truly interactive charts for touch enabled devices capable of working with big data
Idea emerge that this is the right time to build such library.
Why? • 2. Big Data market will grow from $8,8B in 2013 to $48B in 2018 1. Touch screen displays will become a $31.9B market by 2018. Smart mobile sensor devices will be used by 1,75 billion people in 2014. • 3. HTML5 adoption is wide enough and touch enabled devices are powerful enough to be able to generate interactive visualizations
Ingredients for a successful startup: 1. Grand Vision - ZoomCharts vision is to become the number one SDK for interactive chart development in web and mobile apps. 2. Realistic plan of execution and getting your vision implemented 3. Most importantly - team, being able to execute
Vision set Core team of professionals assembled Detailed business plan derived Attracted 200’000EUR seed investment
Product created in less than a year, launched public downloads and shop in March 2014
Less than a year and already on our customer list: • and many more..
Follow-up investment of 500’000Eur raised in November, 2014 enabling us to scale our team from 3 to 11 and get fast forward
ZoomCharts today: Team grown from: 3 to 11 Total Investment raised to date: Eur 700 000,00 Paying customers: > 40 and growing Trials started: > 700 and growing
Current Challenges 1. Brand building 2. Marketing & Sales 3. Incorporation in US, Patents
ZoomCharts future plans: raise EUR5-7M to massively expand sales and marketing expand team to 40+ in two years launch multiple SAAS solutions that would let much wider audience take advantage of benefits that ZoomCharts is providing
We are proud to be part of ZoomCharts and we are glad to hear that our customers love ZoomCharts as much as we do!
Thank you for your attention! And Good Luck with your StartUP! Janis Volbergs