Don Bahlman
Allen, TX (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
I OPEN Innovations
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Startup
Location:
Allen
Industry:
Technology/Web
Year Founded:
2016
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
"C" Corporation
Description:
Technology meets Hospitality
OUR COMPANY
I Open Innovations is developing a centralized monitoring system that leverages IoT technologies to track room occupancy. Our system brings awareness management to hoteliers and controllable privacy to their guests. We believe this kind of service will be in high demand and will scale to become a standard amenity for every hotel just like Wi-Fi is today. We know that innovation begins with listening. And we are hearing what the market says.
Come join us!
We have two (2) Funding Goals:
1. $170,000 for Q4, 2019 as Post-Money SAFE in a Pre-Seed Round
2. $2.5m for 2020, as Equity in a Seed Round
FUNDING TO-DATE
$130,000 USD Previous Investments Total
OUR VALUATION
7,300,000 USD Valuation (DCF)
6,970,000 USD Valuation (Rev Mult)
7,130,000 USD Average of Methods
PRE and POST VALUATIONS
7,128,178 USD Pre-Deal Valuation
2,544,951 USD Equity to Raise
9,673,129 USD Post-Deal Valuation
GUEST EXPERIENCE
70% of travel buyers agree that female business travelers face high safety risks.
86% of women say safety considerations have a direct impact on reservation decisions.
HOTEL SAVINGS
90% of wasted electricity usage comes from the guest room (even when unoccupied).
70% – 90% of the energy consumption is from HVAC systems often left on when vacated.
COORDINATION
Overbooking happens because guests fail to check-out on time.
If Management knows the rooms are still occupied, they can take action.
EMERGENCIES
Time and situational awareness are critical to First-Responders.
Knowing which rooms are occupied can save lives, where seconds matter.