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DressRush Pitch Deck

investors.dressrush.com

61–70 of 95 posts

Re: DressRush Pitch Deck

#61
post #45

To be totally honest, I really wonder how long it took to create this and whether it was really a good use of their time. It is beautiful, full stop. But it also appears as if it took a ton of time to create and put all the bells and whistles in, which would make me at the very least question their judgement of how they spend their time.

It really wasn't that time consuming - took me about 2 days for design and development :)

Re: DressRush Pitch Deck

#62
post #39

The "Market" slide makes a very effective point. On the "Problems / Solutions" slide: "save ... up to 100% off retail" says absolutely nothing, except perhaps that the author doesn't know how percents work. "save ... up to 100%" means "save somewhere between nothing and everything". On the graph in the "Customer Acquisition" slide, the "reduce customer acquisition cost through SEO" point implies a lower cost to acqui…

Their market slide: http://investors.dressrush.com/#slide4 Their math doesn't compute? 2.7M weddings * (14+152) people per wedding = 445.5 million people * 28k $/wedding = 75.6B $ They probably mean: 2.7M weddings * 28k $/wedding = 75.6B $ But surely they're not trying to pocket $28k per wedding just for clothes? It certainly looks beautiful, but the information is lacking. Also, 31% conversion rate?!!

I think the bigger problem is 2.7m * .55 CPA * 7x ltv = a market oppty for THEM of $10.3 million if every bride in America signed up for their service, assuming knot.com and competitors don't try to copy them first. What's worse, they have to re-acquire their user base constantly. Weddings are like apartments or cars... It's totally point of need, and only one or two brands will be on people's minds.

Re: DressRush Pitch Deck

#63
post #31

The average price of a wedding is $28,000? That doesn't sound right. I know many do cost that much, but the average ?

Sounds right to me from both me and my friends and we're just barely middle class joes. The UK average is noted to be around £16k (about $25k): http://www.guardian.co.uk/money/2008/jun/18/planningyourwedd... .. Admittedly, most of ours involved taking our extended families to the US for a cheapo Vegas wedding rather than the wedding itself ;-)

Re: DressRush Pitch Deck

#64
post #31

The average price of a wedding is $28,000? That doesn't sound right. I know many do cost that much, but the average ?

My own wedding? Justice of the peace and dinner, less than $1k. The last three weddings I've been to have easily topped the $28k average. One was way over the top, the other two were "average" for the Bay Area. It depends on where you are, number of people, etc. The two aspects of wedding planning I was happy to avoid -- the overall cost and the bickering that comes up in the process.

Where did we use the extra $$? Property.

Re: DressRush Pitch Deck

#65

One accuracy problem with the info...under 'Problems/Solutions': > Our curated collections save brides up to 100% off retail. So they give away dresses free? If they mean they cut the price in half, then it's save 50% off retail. That's a pretty common mistake. Double going up, half coming down. Edit: Btw, I think this presentation/slide deck is awesome.

I thought the same thing, but they probably give away a free product sometimes, which is technically 100% off. I actually thought it was a good slide since I went, "WTF? ...oh wait, yeah, that could be right" - good way to wake up critical thinking type people and get them paying attention if they were zoning out.

It made me think they were either bad at math or exaggerating.

If it's used in the context you're suggesting then it's a meaningless snippet of information as it doesn't reveal anything about the typical user experience.

Re: DressRush Pitch Deck

#66
post #19

So how come 3 of the 4 people are on google bicycles?

That's because Mike can't ride a bike

Doesn't really answer the question... why are they on Google bikes? The beautiful design lacks in color so if I see a Google branded bike that's all I'm going to look at.

Re: DressRush Pitch Deck

#67
post #50

The numbers for acquisition look way off. $.17 per click X 33% conversion... I just ran an experiment with google ads for dating keywords. There were a few gaffs with hugely expensive keywords but overall, $2.45 CPC. We spent $200 and ended up with 1 conversion. Totally amateur, I know. From other research I've seen, I think conversions tend to be way lower than the double digits. Like people first click on your ad a…

Facebook CPC would be 50 cents to a dollar. A 33% conversion rate is unheard of.

Re: DressRush Pitch Deck

#68
post #50

The numbers for acquisition look way off. $.17 per click X 33% conversion... I just ran an experiment with google ads for dating keywords. There were a few gaffs with hugely expensive keywords but overall, $2.45 CPC. We spent $200 and ended up with 1 conversion. Totally amateur, I know. From other research I've seen, I think conversions tend to be way lower than the double digits. Like people first click on your ad a…

Grandparents.com has a 30% conversion rate on their newsletter signup:

http://www.theboomerblog.com/2009/02/how_to_market_to_grandp...

So this sounds believable actually.

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