TradeYa Inc.

TradeYa is a web-based barter platform that leverages the social graph and artificial intelligence

Los Angeles, CA, USA

One Liner

One Liner
TradeYa is a web-based barter platform that leverages the social graph and artificial intelligence

What Problem We are Solving

Problem
TradeYa is a web-based barter platform that leverages the social graph and artificial intelligence. Think about what Airbnb did for the "rooms for rent" section of Craislist. We are doing that to "Barter". We originate barter deals by connecting people who would otherwise not be able to meet each other. Historically, barter platforms have been poorly organized digital swap-meets requiring users to sift through countless listings to find someone they can trade with. TradeYa's platform makes trading simple and friction-less by matching compatible users together. The business model follows similar web-based services with a Freemium model. The basic service that grows our content, much like a dating site, is free. We charge for: - Premium subscription fees (similar to LinkedIn and dating sites) - Transaction fees on certain swaps - Affiliate fees on shipping and insurance - Highly targeted advertising (non-trader advertisers) - Premium placement fee for prominent listings (from traders)

About Us

About Us
Acquisition via major e-commerce platform like eBay, a big data company (e.g. Factual), or major content network (e.g. Yahoo, AOL). We also see a small chance of exiting via IPO if we become the brand leader in the space.

Business Model

Business Model
No data was submitted


Competitive Advantage

Quote
First-mover in applying Smart matching: Uses artificial intelligence to match users + items based on taste, interests and activities. Developing protectable IP with this funding round around this. Usage scope: allowing trades of anything for anything. Social focus: complete Facebook and Twitter integration. Semantic search: NLP semantic search understands natural language= easier to use. Passive matching: Finds items and people for you when you’re away. Sends alerts via SMS, Email, dashboard. Also, we are the only company tied to the pop culture icons of barter, The Barter Kings.


Revenue

Revenue To Date
$119M
MRR
N/A
Revenue YTD
N/A
Burn Rate
N/A

Go-To Market Strategy

Business Strategy
$10T - Total US spending on potentially barter-able consumer goods and services $100B - TradeYa's addressable market $12B - Traded on bad barter platforms in 2012 46,000,000 searches/month on Google for barter related keywords 200,000 posting in "barter" section of Craigslist every month 1.5MM viewers watch Barter Kings on A&E every week The Middle Class. With over 23% unemployed or underemployed, there are least 25MM workforce-age Americans struggling to monetize their time, skills or possessions. In addition, there are the even greater number who are simply value-conscious consumers. According to Neilson, 39% of people in the US earning $70k/year+ and 35% of all people in the US are "super-heavy" coupon users. Marketing: Barter Kings TV Show: We have secured a 6-year exclusive, performance based contract with the stars of A&E's top-5 hit show, Barter Kings. The contract includes ongoing control of their social media, press appearances, speaking engagements, on-site presence, and access to their 100K-item inventory. The product itself is inherently viral, and already integrated with Facebook, with plans to expand into mobile and other platforms in 2013. Partnerships: In addition to the Barter Kings partnership, we have begun a trial at universities where students already trade textbooks and frequently move, and are broke, thus creating a natural barter ecosystem. We have also begun working with physical swap meets, such as the Pasadena Swap Meet and regional barter exchanges/clubs that rely on Yahoo Groups to trade. Since barter promotes sustainability, we tested an outreach campaign to a few dozen "green" non-profits around a TradeYa Tuesday concept to follow Black Friday at Thanksgiving and received instant free publicity and a willingness to promote each year.


Networking

Networking
We are open to meeting up to grab a coffee, or just to chat. We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!

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Capital

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Name Amount
Amount Left $575,000.00
Amount Raised (This Round) $425,000.00
Amount Raise To Date N/A
Investment Type N/A

Valuation
$3.2M