Poker rave business bootstrap v1

POKERRAVE.NET

www.pokerrave.netwww.twitter.com/pokerrave

www.angellist.co/poker-rave

“Rave about your poker games”

The teamLee Englestone

(Founder / Geek)

@leeenglestone

• BSc Computation, Manchester University

• Senior Software Developer• MCP, MCAD, MCSD

• C#, VB.NET, ASP.NET MVC, Silverlight, WP7, WPF, jQuery, SQL Server, Oracle

James Dixon (Advisor/ Poker Pro)@beats4fun

• Full time UK professional poker player

• Big advocate of Poker Rave

• Has poker contacts / reach

Where did the idea came from?• Poker players trying to tweet hands & chip levels!?

• Poker players love to describe hands and share progress• Poker fans like to follow professionals and other players

Wouldn’t it be great if.. a player could visually share

their hands and game progress?

Poker popularity

WSOP 2012 $10,000 main event

• 1st - $8,531,853 (Greg Merson)

• 2nd - $5,295,149• (Jesse Sylvia)• 3rd – $3,799,073• 4th - $2,851,537• 5th - $2,155,313• 6th - $1,640,902• 7th - $1,258,040• 8th – $971,360• 9th - $754,798

All Time Earners

Online Poker sites

PokerStars.com recently celebrated its 90,000,000,000 online hand

Poker Market is HUGE (& wealthy)

Different players / different games

Home games

Live tournaments

Online tournaments

Pub leaguegames

Enter Poker Rave• Track game session (when, where etc) with Poker Rave mobile app

• Easily create notable hands during that game

• Show graph of chip level during game

• Follow other Poker players (and see their activity)

• Share links to hands and games on Twitter and Facebook

• Users ‘score’ increases through• Creating games and hands• Having their games & hands up voted• Having their games and hands being favourited

Poker rave platform

API

Poker Rave website

Poker Rave current status• Current state

• In beta

• All functionality is web interface based• Mobile app comes next

• Participates in nReduce online incubator• Sets, meets and reports on weekly tasks

• Gathering interest• Positive feedback from poker players

• Currently bootstrapping • but contemplating raising funding to allow full time development

Revenue possibilities

Direct advertising

Affiliate programmes

Customvenue

promotion

Paid for advertising (banners)

Probably pokers sites& services

Commission fromreferring site visitors

to poker sites andsigning up

Venues (casinos etc) can pay to describe

promotionsOn their ‘venue’ page

Competition• Main competitor is PokerStars ‘Boom’

• Allows export of hand from PokerStars client• Limitation : Requires Flash player! So no iPad and iPhone can view!• Limitation : Limited to PokerStars games

• Whereas Poker Rave• Can be viewed on all platforms• Not limited to PokerStars

Demonstration

Next steps• Grow the site / gain traction

• Get poker players registering/using the site• Ideally professional players

• Develop the mobile app• Perhaps have Kickstarter campaign for £2K for MacBook / dev

resources to make iPhone app (would promote Poker Rave as well)

• Create videos (for demo, promotion & investors)• May be the best way to describe concept to others

• Apply for funding / Accelerators / Incubators• Why not?