Method BG Executive Summary
Business Description: Method.bg is a core software company. Currently we are developing a web remote project/company management engine created to meet the specific needs of:
- international project managers
- executive managers involved in more than one company
- business angels and venture capitalists investing in foreign markets
Company Background: Method.bg was established in Nov 2008 by Stanislav Minev as a small web software studio.
Currently the company created a new Varna based Internet Startups Business Accelerator “RELY”, focused on developing new companies in the following sub-industries:
- Online Games & Gamification
- Mobile App Development
- Affiliate Networks
- Outsourcing SEO, Web Development & Services
- Education
Management:
Stanislav Minev, the Founder & CEO, has graduated:
- Bachelor in International Economic Relations – University of Economics, Varna
- Master Degree in Advertising & Pr – University of Economics, Varna
- Top Class 4 – Center for Entrepreneurship & Executive Development, Sofia, Bulgaria
- Mini-MBA in Entrepreneurship & Executive Management – Babson College, USA
- Mini-MBA in Entrepreneurship & Executive Management – HaaS Business School, Berkeley, USA
- Mini-MBA in Entrepreneurship & Executive Management – Institute of International Education, New York, USA
Products/Services:
UniSys – Module Based Content Management System built for creation of corporate/portfolio websites with focus on security.
Status: 90% complete
Rely Engine (current ver. Alpha 0.3) – Relations Management Platform built with international project & team management in mind. The platform will provide managers, investors & inspectors an intuitive way to monitor how goals are met and if funds are spent appropriately. Current stage of development is alpha 0.3 and allows:
task management, grouping tasks into projects, assigning users to tasks, project management, crowdfunding projects (modified kickstar model )
Facebook share to view full post functionality
SMS profile activation
7 level affiliate profit distribution
Upcoming versions will feature: improved task and project management, management of multiple social network identities, content dripping & management, m/e-commerce web properties,affiliate management.
Team: 2 full time developers and 1 full time Executive
Monetization: 1$ per month per user per panel
Udance – Live Dance Battle Events Uniting All Dance Style in a never before seen crowd experience. The concept took 2 years of extensive tests with more than 15 big events (14 locally in Bulgaria, 1 in Berkeley, California). The product is now in its commercialization stage and aims to become the leading crowdfunding platform for dancers & artists in Europe.
Team: Local teams in Varna, Sofia, Huston & UK
Monetization method: 1$ Monthly fee + event sponsors & advertisers
Ustartit – “Freelancers with a cause.” Uniting the 95% of entrepreneurs that do not get funded by VCs and Angels in a platform that allows them to freelance their needed capital to start their Ventures.
Team: Team Building Stage
Advisory Board: Bill O’Connor, Autodesk Executive
Monetization: 1$ per month
Mindlines – Web&Mobile User Interface using 3D mindmaping to create an intuitive user experience
Team: 1 3D motion graphics artist + 1 iOS/HTML5 developer
Stage: Prototype creation
Repads – Reputation Advertising – Affiliate Network & Advertising Agency – Repads is one of the first affiliate networks in Bulgaria and aims to assist the expansion of Bulgarian & CEE software companies to foreign markets.
Stage: Training Affiliate Managers & Affiliates
Regames & Forgamers – Global online games distributor & community
Stage: Early stage, training & recruiting game designers & beta testers
Technologies/Special Know-how: Two and a half years of experience in the web development & affiliate marketing field helped Method.bg find a number of niche underdeveloped opportunities.
Custom build software engine will give a long term edge over competitors
Markets: Our core platform Rely Engine through Repads is targeting the 14 most developed economies – USA, UK, Japan, Australia, Germany, France, Spain, Poland, Norway, Sweden, Russia, Holland, Austria, New Zealand. Main focus is US & UK markets with the rest to follow.
Target in the US are the 95% of the 550 000 new startups in 2010 with a goal to capture 1% market share in 2 years.
Distribution Channels: All known distribution channels will be used, mostly relying on affiliate partnerships.
Competition: Project management tools like activecollab, CRM tools like salesforce, mindmapping tools like ConceptDraw Mindmap, Mindjet, iMindmap
Financial Projections:
Will be provided based on specific project interest.