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Competitive Intelligence for Startups
April Kessler • Chief Research Analyst
Lindsey Schell • Chief of Business Development
Confidential
Why Competitive Intelligence?
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Due diligence
Business research
Pitch decks
Funding justification/validation
New Verticals/Customers
Confidential
Business Research Basics
Confidential
Proxy Company
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Public Company
Competitors
Same Industry
Same Customers
Same Monetization
Source: FreeImages.com
Confidential
Public Company
Investor Relations
● Annual reports
● SEC filings
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10K
10Q
8K
S1
Proxy
● Earnings/Conference calls
Confidential
SWOT
● OT = Industry Wide
● Weaknesses = Niche
Source: Whole Foods Market Inc., SWOT Analysis, Marketline, April 1, 2015
Confidential
Industry Overview
● Fitbit
o Diet
o Gyms
o Pedometers
Source: Fitbit Initiating, Dougherty & Company, June 17, 2015
Confidential
TAM/SAM/SOM
Source:LivePlan.com
Confidential
Total Addressable Market
Source: Salesforce, Dreamforce 2013 Conference
Confidential
Legal, Social and Political
● New Tax Laws
○ Medical Device Tax (Section 4191, IRS Code)
● Regulatory Concerns
○ Local short term rental regulations HomeAway & AirBNB
● SEC rulings
○ Accredited Investors
● Justice Department
○ Monopoly enforcement on Bazaarvoice acquisition
Confidential
Team
● Exec Bios
● Backgrounds
● History
Confidential
Customers
● Jet Owners
● Luxury Market
Confidential
o
art
o
travel
o
jewelry
Competitors
Direct
Indirect
Substitute
Confidential
Funding
M&A
IPO
Financial Advisors
Legal Advisors
Customers
Exec Bios
Competitors
● Gartner’s “Magic Quadrant”
● Search online
● Create your own based on
market research
Source: Gartner, 2014
Confidential
Market Maps
Source: Forbes.com
Confidential
Funding
● Intersection of
Tech & Sports
● Funding
● VCs interested
Source: Crunchbase
Confidential
Licensed Resources
Confidential
Free Resources
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Crunchbase
PwC MoneyTree
FormDs.com
Thomasnet.com
Indeed Job Postings
● Freemium
o BizJournals
o Statista
o eMarketer
$
Confidential
Social Media
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Facebook
Linkedin
Twitter
HootSuite
Twitonomy
Confidential
Confidential
Associations
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Confidential
For any industry
Market research
Surveys
Free and pay
Forums
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For any industry
Market research
Surveys
Free
Source: Stack Overflow
Confidential
Google
Search
Strategies
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Google News
Google Alerts
Site:gov
Filetype:ppt/pdf/xls
Confidential
Confidential
Confidential
Proxy Company
Source: Wayfair, Initiating Coverage, Goldman Sachs, October 2014
Confidential
Markets - Home Goods
● Furniture &
Home Goods
● eCommerce
● Shared Economy
Source: Wayfair, Initiating Coverage, Goldman Sachs, October 2014
Confidential
Markets - Home Goods
Source: Wayfair, Initiating Coverage, Goldman Sachs, October 2014
Confidential
Markets - Sharing Economy
Source: FastCompany
Confidential
Markets - eCommerce
Source: CB Insights
Confidential
Customers
● Online Furniture
● Growing Cities
● Home Construction
Source: Wayfair, Initiating Coverage, Wedbush Securities, October 2014
Confidential
Customers
Source: AMERICAN MILLENNIALS: Deciphering the Enigma Generation, Barkley Research
Confidential
Competitors
Source: Crunchbase
Confidential
Adjacent
● Pinterest
● Ad Placement
Source: Digital Information World
Confidential
Q&A
Lindsey Schell
Chief of Business Development
[email protected]
Confidential
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