Profit from the Daily Deal boom - Investment Proposal at Venture Giant

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Profit from the Daily Deal boom

We have created a unique UK "Daily Deal" website that focuses on an area of the market not yet exploited by any of the larger sites, and in fact a consumer area not yet covered by any online business. The website has been developed, company set up and premises found and ready for launch.

The initial set up is being funded by the two founders and we can set out on conservative growth with existing funds. However the potential for the company is huge and we feel that we need to take a jump on the competition as they do not yet focus on this area of the market.

We are seeking an investment of £100,000 primarily to cover online marketing and additional marketing expertise in order to accelerate our growth plans.

A recent report suggests that U.S. consumer spending on Groupon, Living Social and other daily-deal sites will reach $1.25 billion this year, a 43% jump from $873 million in 2010.

Based on our current projections, Angel Investors will see a ROI by the end of year 1 and by the end of year 2 we expect the company to by making just under £2m.

Total Funding Required:	£100,000.00
Min. per Investor:	£50,000.00
Industry:	Internet
Sec. Industry:	Specialty Retail

Region:	North
Proposal ID:	2732
Investment Reason:	Seed Capital or Early Stage
Proposal Status:

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