Curate It
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Date of Foundation
2023

Curate It

Specialty Product Recommendation Curation

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The Idea origin story

Frustrated by the time-consuming process of buying ski and outdoor equipment, I saw a need for leveraging collective knowledge to aid in specialized product purchases. Currently, this expertise is scattered across numerous forums or requires interaction with an expert which isn't always feasible. My startup, Curate It, addresses this pain point - it empowers any retailer to offer their top specialist's advice online 24/7. This makes quality recommendations accessible for everyone at any time, simplifying complex purchase decisions.

The Mission

Make expert opinions available at the click of a button to facilitate more online purchasing for specialty retailers.

Clients

Any retailer of specialty goods with an online presence and catalog

Problems we solve

Client’s problem

Your startup can solve the issue of information overload when purchasing specialty products. Instead of scouring multiple sources, customers could get expert advice in one place enhancing their buying experience and boosting retailers' online sales.

Confirmation of problem

many customers feel overwhelmed by specialized products and leave online retailers without making a purchase due to this confusion.

Solution

A chatbot plugged into the retailer's catalog that understands each product's details and can use those details to answer questions and provide recommendations based on the user's preferences/needs

Our technologies

This solution is based on technologies

AI and machine learning + LLMs

How it works

Use Bob's answer

Value for the client

Higher checkout completion rate, higher order values via add-on recommendations, higher customer satisfaction

Market and strategy

Market size

200000000

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

0

% of the market

Is our goal in the next 3 years

Team

My name’s

Sarah Liu

My key role in the product

Your key role is Founder and CEO, responsible for strategic decisions, team leadership, product vision, financial planning and investor relations.

Team size and key members

Kevin Pan - CTO; developing the technology and defining the product vision

Competitors

Competitors

There are some generic customer support chat bots such as Intercom and Zoho but they do not provide expert product recommendations

Our Advantages

Our product powerfully personalizes recommendations by strategically scraping each customer's catalog, driving potent revenue growth. While competition centers on customer success, we catalyze conversions with our unique tailored approach.

Business model

Software as a service model based on # of products + success-based fees based on conversion

Traction

We've successfully partnered with our early adopter in the wine industry, paving the way for innovative progress and expansion.

Scaling at a remarkable pace, our venture has successfully onboarded 200 clients and achieved an impressive annual recurring revenue of $200K.

Metrics

Metrics encompass product clicks, rate of purchases from suggestions, total website conversion and time spent on site. These crucial figures relay interaction volume and engagement depth with your platform, facilitating informed business decisions.

Incorporation

Our company incorporated in

Delaware

Key risks

Main risks could include technology failure, limited user adoption due to trust issues with AI recommendations, competition from other AI/tech startups or existing retail companies developing in-house solutions. Changes in e-commerce regulations may also pose a challenge.

Investments

$

10000

We raised investments

Our Investors

Founders own 100%

Rising Investments

$

100000

Currently, we are raising investments

$

1000000

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

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Additional information

Curate It
Idea
Date of Foundation
2023