Product:
Spycob is a big data research solution helping sellers understand what and where to buy fashion products for resell with more profitability.
We collect the best deals -> analyse them -> recommend sellers what and where to buy their stock for resale.

Story:
Before tapping into B2B segment, Spycob already had an Android app and a website where users could discover fashion brands at 50%+ off. We reached 25K downloads organically before we discovered that some of our users are actually small resellers (B2B). The idea of transforming our product into professional solution emerged from their feedback.

Market:
50M sellers (SMBs) globally in category Fashion.

Bus.model:
SMBs (sellers) - Subscription. Enterprise - Big Data.

Opportunity/Go to Market:
We had a conversation with eBay and agreed on the terms of cooperation. We are launching a pilot project with a view for Spycob to develop a solution for eBay sellers. In exchange for our SaaS solution, eBay will promote Spycob among their 25mln seller base, which essentially means the cost of user acquisition is virtually zero for us.

Why invest:

+ The Idea was further validated by eBay and PayPal
+ MVP is enough to start generate revenue (basic plans for sellers start from $5/mo)
+ Even $50K would be enough to build MVP and to begin testing revenue model
+ Conversions in clicks on chargeable functional: 5% (tested in the app)
+ Win-Win partnership strategy allows to acquire customers at lowest cost/free
+ Founders - serial entrepreneurs (yep, from Ukraine, but we’ve built couple of businesses Enterprise/SaaS, 50+ employees, were developing and selling hard/software to CIS, China)
+ Based in San Francisco