Net-X
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Date of Foundation
2023

Net-X

Comprehensive Business Solution for IT Specialists

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The Idea origin story

Net-X transforms the IT distribution sector, specifically for consultants. Operating in a competitive space, they must manage relationships with both enterprise customers and IT integrators. This results in complexities due to product overlaps and varying processes across distributors. Moreover, multi-year contracts' expiry reignites these issues - leading to legacy rates, disjointed support services, repeated purchases and bloated spend. Net-X integrates procurement, dashboarding for customers & consultants, renewal management & commission tracking into one system - simplifying operations.

The Mission

"Streamlining IT procurement with a unified platform to reduce costly overlap, enhance support services, and simplify renewals."

Clients

Attachment Received

Problems we solve

Client’s problem

"Streamlining IT procurement, tracking project statuses and renewals, managing consultant commissions, and providing dashboards for customers' service overviews."

Confirmation of problem

Any IT Agency (VAR, MSP, Broker) with more than a few customers are forced to use multiple Master Distributors, Service Providers, co-selling processes, document exchange, and commissions channels to insure they can connect their users to the most relevant service/providers while maximizing earning potential… on top of their internal stack…

Solution

Net-X, designed for IT Consultants, allows white labeling of customer interactions. It provides a unified platform for managing services, renewing contracts and tracking organizational goals.

Our technologies

This solution is based on technologies

How it works

Access net-x.io for a white-labeled portal. Quote up to 300 providers at once and auto-create project plans post-order.

Value for the client

Your startup streamlines IT procurement, manages renewals, tracks commissions and provides real-time status via customer and consultant dashboards.

Market and strategy

Market size

$690 Billion

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

Adam Copenhaver

My key role in the product

My key role is CEO and I'm responsible for setting strategy, building culture, leading the team towards a unified vision, and ensuring company's growth.

Team size and key members

Team: CFO Sean Stebbins with extensive experience in raising capital, and Developer Phi Lu, a UVA grad with a computer science degree.

Competitors

Competitors

Based on your product, additional competitors in the space of ERPs and business management tools aimed at IT providers could be Microsoft Dynamics, SAP Business One, Oracle NetSuite, Acumatica Cloud ERP, SYSPRO. These solutions could potentially serve similar target audience.

Our Advantages

Leverage our white label and distributor-neutral platform to enhance client value. Expanding your team has never been easier with our outsourced quoting support. Accurately evaluate partner performance, ensure precise commission services, secure finance options and boost business valuation with a guaranteed buyout.

Business model

5% of the IT Partners Commissionable earnings - free for first $10k monthly

Traction

The product has evolved from prototype to production status, selectively collaborating with a valued partner who contributes $2M yearly via the tool's utilization.

The company is advancing impressively with an annual recurring revenue of $2.2M and the successful implementation of 250 partner deployments.

Metrics

The startup, PitchBob.io, tracks key metrics like Monthly Active Users (MAU), Churn Rate, Customer Acquisition Cost (CAC) and Lifetime Value (LTV). These metrics measure user interaction, customer retention and financial efficiency.

Financial metrics pre-revenue are essential gauges of a startup's performance before it begins generating income. They include cash burn rate, runway length, and costs related to customer acquisition or product development.

Incorporation

Our company incorporated in

virginia

Key risks

Major risks: 1. Market acceptance challenges; 2. High competition from established ERP vendors; 3. Difficulty in client acquisition and retention; 4.Cybersecurity risks affecting reputation; 5.Scalability/Integration issues as businesses evolve, and6.Difficulty maintaining tech support..

Investments

$

175000

We raised investments

Our Investors

sole owner adam copenhaver

Rising Investments

$

3000000

Currently, we are raising investments

$

8000000

Estimated pre-investment valuation of the company

Request additional information

We’re looking for a co-founders

Open positions

Article

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Additional information

Net-X empowers IT consultants with digital tools to streamline connections between enterprise clients and various Internet, Telecom & Cloud Service providers. It simplifies co-selling processes, document exchange and commission channels for VARs, MSPs & Brokers.

Net-X
MVP
Date of Foundation
2023