Stage of your startup
When did you start
Athens, Attica, Greece
Definition in 1 sentence
"TheList" is a premium mobile application for reservations at bars, restaurants, clubs, beach bars, and live music halls.
Reservations have been around for such a long time since the first restaurants in the world was registered in Madrid in 1725, and it will stay a part of our life. We are talking about the Billion dollar market where nobody is paying attention to! We cover all the pain points of the users and venues.
Are you incorporated?
Reservations, Hospitaliity, Travel, Tourism
How do customers use or interact with your product?
Desktop, Mobile/Tablet (iOS), Mobile/Tablet (Android)
Product Demo Video Adress
Why do you want to attend this program?
To get invest in my company.
Describe the problem you are solving
users:1) where to go 2) budgeting 3)securities 4) prepayments 5)selecting their desired table, not any table store gives them 6)Identity 7)easy and secure way to book 8)No wait inline 9)tourists visiting Greece Stores: 1) Low spenders/ minimum spending policy 2) Managing all their stores in one platform 3) Identity program from their users ( knowing whos visiting them) 4) higher revenues 5)They can receive reservations only during open hours 6) No show up / last-minute cancelations
How are your customers solving that problem today?
you can have the best venues in every area at the palm of your hand where you can select your exact table or sunbed through our customizes floor plan, have a look at their menu and their prices see every table minimum spending required by the venue and book in easy three steps without dialing the number of the store and waste time on the phone. Prepay your reservation and receive your confirmation to receive one point for every euro you spend. later on You can exchange your points with vacations
Target custormers - Define customers, who are they
How do you plan to acquire customers?
What is your revenue model or expected revenue model?
10% commission on every reservation minimum spending in all categories except the restaurants. in the restaurant's section, we charge 2€/person. Gradually adding yearly subscription fees. offering marketing add on to our partners.
What is your target market?
Starting from Greece, Cyprus. Planning to enter Turkey and the Balkans and then the rest of the world.
What is your total available market size
What steps have you taken to validate the market?
Agreement with the biggest brands in Greece, where they promote us in their social media accounts. Advertising and promoting through social media platforms, Influencers, PR's connections, and promoting. Google ads. SEO. Bringing the biggest Restaurant, Club, Hotel, and beach bars owner around Greece on TheList app.
Do you have competitors? Please write down the names
Competition: write down competitors and explain
Who are your competitors and how are you different?
OpenTable is the industry leader; they made $17B revenue in 2019. they are operating only in the restaurant's industry where they have 1)No floorplan 2)No prepayment 3)Not all Categories 4)Not premium 5)No menus 6)No gift shop 7)Users cant understand How much money do they need to spend on X store to book a VIP table or a dinning table. Etc...
What progress have you made in the last six months?
Our product was live on 28 July, so we live for the past 4 months with the Covid pandemic effect and two lockdowns in Greece where everything was totally shutdown. We achieve 165 top venues in Athens, Mykonos, Corfu, Rhodes, Thessaloniki, and Araxova in Greece. Over 10K downloads on iOS and Android. Over 3450 Registrations. We gave over 272 reservations to our partners, where we gave them in total 35.000€. Our commission out of that was 3.500€.
How many customers/users do you currently have?
166 customers / 3.468 active users
What is your monthly growth rate?