June 2017 - CONFIDENTIAL Update
Hello to the StayBillety Stable. #ComeOnIn to our June 2017 Update.
Plans for the Syracuse University (SU) launch are underway. They'll be live on the site mid-July to align with a number of their annual sports & alumni announcements.
We've started speaking with several other US Universities in the ACC conference with an eye to adding at least one as an affiliate in the next 6-8 months.
I was invited to present StayBillety to a major U.S. sports organization based in Florida, in mid-May. A contract has been drafted; I anticipate StayBillety supporting at least one of their major tournaments this summer. Watch for an announcement next month.
There are 16 affiliate contracts 'out there' awaiting signature. I'll be working to close a few of them this month. Here, meanwhile, is our current list of active Affiliates:
LLC - to support the Syracuse U deal and future growth in the U.S., StayBillety LLC has been registered as a Delaware company. This will ensure payment systems can best serve our U.S. hosts. New lawyers, new accountants!
User Registrations - Month over month % increase in registered Users (last 3 months only):
Mar - April >>4%
Apr - May >> 8%
May - June >> 5%
Average Month over Month increase this fiscal (from Mar. 1): 5.4%
Active Listings - (Hosts may deactivate if they aren't currently offering their space)
Mar - April >>2%
Apr - May >> 15%
May - June >> 0%
Average Month over Month increase this fiscal (from Mar. 1): 5.8%
The 'Growth Hacking' team (aka - student interns) is working to rebound from the flat May.
I'm currently finalizing a Seed round with a Syracuse, NY-based investor. The primary 'use of funds' will be on marketing and development to support the U.S. ramp up.
An additional short list of target investors is being approached. I will be in NYC mid-month for several meetings.
On the 'accelerator' front, we're still waiting for a decision from the LA Dodgers Accelerator. I'll be submitting applications to the Fierce Founders Bootcamp (Waterloo, ON) and TechStars (multiple locations) soon.
Critical Need - it's scale and grow time! Some additional 'skin in the game' team members (CTO/CAO-types) are needed for the company to ramp up this summer, and to take advantage of these accelerator opportunities. Please send leads/suggestions my way as soon as possible.
WHERE YOU CAN, AS ALWAYS, HELP...
1. Register! Become a Guest if traveling; list your space as a Host
3. Leads/introductions for seed &/or angel investors/financing/funding sources are always welcome - and KEY TEAM MEMBER LEADS.
4. Spread the word to your friends, family, colleagues… encourage them to be HOSTS (check out our current 'requests'). We'll here to help set them up on the site, should they have any concerns.
Please let me know if you have any questions or if any of this message requires additional clarification.
Thanks for your continued support.
Shared Interests. Shared Roof.
Launched in March 2016 and based in Cambridge, Ontario (Waterloo Region), StayBillety is an international affordable, online accommodation service connecting like-minded guests and hosts. Celebrating community with its unique affinity-based affiliate model, StayBillety is also a social enterprise whose business supports charitable organizations. With StayBillety, guests traveling for concerts, commencements or competitions connect with enterprising hosts who share their common interests. Click here for press kit and media page. Visit StayBillety’s Facebook and follow @StayBillety #ComeOnIn