Btcs Inc. · NASDAQ:BTCS
Btcs — Bitcoin Shop — Investor Presentation (May 2014)
24 slides from Btcs's investor presentation, May 2014
Slide 1: Corporate Presentation
Corporate Presentation (OTC QB: BTCS) May 2014 1
Slide 2: Safe Harbor
Safe Harbor The following presentation is an outline of matters for informational purposes only. This document does not constitute an offer to sell or a solicitation of an offer to buy any securities of Bitcoin Shop, Inc. (“Bitcoin Shop”, “BTCS”, “we” or “us”). While we believe the information provi
Slide 3: Table of Contents
Table of Contents Section Page Investment Highlights 4 Industry and Market Overview 5 Corporate Overview 12 Summary 23 3
Slide 4: Investment Highlights
Investment Highlights • Bitcoin Shop, Inc (“Bitcoin Shop”) is an early mover in the virtual currency ecosystem and one of first U.S. publicly traded companies in the space • We plan to build a virtual currency ecosystem by using ecommerce as an on- ramp • Bitcoin Shop offers over 140,000 products fo
Slide 5: Industry and Market Overview
Industry and Market Overview 5
Slide 6: U.S. Ecommerce Market Overview
U.S. Ecommerce Market Overview • Ecommerce represented only 6% of total U.S. Online Retail Forecast (billions) U.S. retail sales in 2012 leaving significant $259 $279 $240 growth opportunities* $197 $218 $176 $157 • Electronics and apparel/accessories estimated to account for approximately 46% of U.
Slide 7: Bitcoin Ecosystem
Bitcoin Ecosystem Peer-to-Peer What is Bitcoin? Bitcoin is the most mature cryptocurrency Decentralized Worldwide Network What is a cryptocurrency? A cryptocurrency is a type of digital currency that relies on cryptography, peer-to-peer networking, and decentralization Universal Mining and Wallets E
Slide 8: Distribution of Venture Capital Investment
Distribution of Venture Capital Investment Investment Distribution # of Companies Payment Payment Processors Processors Exchanges 5 21.8% 20.2% Wallets 5 Exchanges 14 Financial Wallets Services 11.6% 7.6% Financial Universal Services 4 Mining Universal 10 Hardware 31.7% 7.1% Mining Hardware 3 Sector
Slide 9: Virtual Currency Landscape
Virtual Currency Landscape Currencies are typically compared using common categories describing the total value and capacity of each specific currency at their fullest designed utilization Coin Market Cap USD USD Exchange Rate Total Supply Features $6,832,636,557 Bitcoin $533.54 12,806,225 First and
Slide 10: Virtual Currency Acceptance
Virtual Currency Acceptance • Financial services and technology industry leaders such as Bank of America and IBM are applying for patents and issuing guidance as economic opportunities in the virtual currency sector rise • Financial Crimes Enforcement Network (“FinCEN”) has issued guidance on severa
Slide 11: Industry Should Favor Ecosystem Providers
Industry Should Favor Ecosystem Providers Ecosystem Providers Growth Aggregate Solution Providers Growth Ceiling Single Solution Providers May Hit Growth Ceiling Wallets, Exchanges, Processors, Mining, Financial Services Time 11
Slide 12: Corporate Overview
Bitcoin Shop, Inc. Corporate Overview 12
Slide 13: Company Profile – What We Currently Do
Company Profile – What We Currently Do We provide a shopping and transaction experience across a variety of product categories for both consumers and sellers who have few alternatives to conduct virtual currency transactions, and complete end-to-end order fulfillment and customer service Existing Ve
Slide 14: Growth Strategy & Timeline
Growth Strategy & Timeline Time Development Customer Acquisition Monetization Development Phase: focus on R&D and build robust and scalable enterprise grade ecommerce platform as an on ramp for customer acquisition • Add more vendors and products • Integrate new service offerings • Develop single ac
Slide 15: Ecommerce Vendor Growth Initiatives
Ecommerce Vendor Growth Initiatives Product Source Higher Manufacturers On-Going and Discussions Exclusives Typical Margin Researching Drop Shippers In Progress Affiliate Programs Lower Estimated Sales & Products Offered 15
Slide 16: Development Status – Beta Testing in Progress
Development Status – Beta Testing in Progress Select Features Currently Built and Undergoing Internal Beta Testing • Front end/user interface − Redesign layout and navigation − Improve checkout and customer service workflow − Real time pricing across 3 virtual currencies • Back end/platform architec
Slide 17: Key Accomplishments
Key Accomplishments February 5 & 6 Begins Trading as a Public Company & May 21 Raised $1.875M BCS 2.0 September 1 Website Website Internal Beta Launched March 26 Testing Starts Strategic and Lead Investor in GoCoin LLC 2013 2014 February 13 June 28 April 3 Company BTCS.com Dogecoin & Founded Purchas
Slide 18: Non-Financial Metrics
Non-Financial Metrics Products Sold Total Products Offered (1,000s) 1,400 1,266 160 143 135 1,200 140 1,000 120 100 800 80 600 434 60 400 40 30 200 88 20 0 0 3Q2013 4Q2013 1Q2014 3Q2013 4Q2013 1Q2014 Site Traffic (1,000s) Total Registered Users 500 Unique Visits 2,000 395 400 Total Visits Page Views
Slide 19: Notable Industry Comparables
Notable Industry Comparables Company Type Recent Investment Size Valuation Coinbase1 Universal $25 million $125 million Bitpay2 Processor $30 million $160 million Circle3 Universal $17 million Not Disclosed Source: 1. TechCrunch - December 12, 2013 (http://blogs.wsj.com/digits/2013/12/12/andreessen-
Slide 20: Corporate Structure
Corporate Structure Bitcoin Shop Inc. (Nevada) Minority Investment 100% 100% Bitcoinshop.us LLC BTCS Acquisition Corp. GoCoin LLC (Maryland) (Nevada) (Delaware) • Formed to capitalize on acquisition opportunities • Focus areas include: − Offer products which are not typically offered online − Techno
Slide 21: Capitalization Table
Capitalization Table Equity Cap Table* Shares % Basic % Diluted Common Shares Public Float 38,202,612 27.5% 23.4% Founders & Management** 100,773,923 72.5% 61.7% Total Common 138,976,535 100.0% 85% Preferred Stock (as converted) Series B Preferred 12,560,700 7.7% Series C Preferred 3,750,000 2.3% To
Slide 22: Management Team
Management Team Charles Allen, Chief Executive Officer, Chief Financial Officer, and Director • Responsible for overall corporate strategy and direction as well as managing corporate finances • Extensive experience in business strategy, investment banking, investing and capital markets transactions
Slide 23: Summary
Summary • Bitcoin Shop, Inc (“Bitcoin Shop”) is an early mover in the virtual currency ecosystem and one of first U.S. publicly traded companies in the space • We plan to build a virtual currency ecosystem by using ecommerce as an on- ramp • Bitcoin Shop offers over 140,000 products for sale and pla
Slide 24: Contact Info
Contact Info Charles Allen Chief Executive Officer Investor Contact Info ir@bitcoinshop.us (202) 430-6576 24