Deal highlights

• Exclusive opportunity to invest at an early stage
• 1 of 9 companies accepted into GSVLabs Pioneer Accelerator, a 3-month startup accelerator co-designed with Google Launchpad, and invited to present at Google Demo Day in September 2017 
• Targeting >$13 billion and growing college/university on-demand market
• In August 2016, opened first end-to-end fulfillment center in Baltimore, Maryland
• Jetpack's pilot program was launched in March 2017 at Stanford University
• Established exciting brand partnerships with GoCubes Chewable Coffee, Blowfish for Hangovers, Sambazon Energy, and more

The Problem: There are countless moments when you just need something right away! 

On every college campus, students need certain products right away! During these moments, stores are either too far or closed, or students just don't have the time or energy to travel. Traditional delivery platforms take too long because students and professionals are located in buildings or on campuses not easily accessible by the public. 

We're specifically focused on campuses where:

1. Access to the nearest store is limited by long distances or early closing times

2. Many students on college campuses do not have easy access to public or private transportation. In fact, on many college campuses, freshmen are prohibited from having cars.

Our Solution

1. We stock student sellers with important products in a backpack they can use everyday. 

2. Use tech to connect sellers to students who need products right away.

By stocking students with the right products, we enable super fast delivery via decentralized distribution. Sellers or "Jetpackers" can make extra cash just by going about their normal, daily activities around campus and fulfilling real-time orders.

How It Works

Placing an order on Jetpack is super simple. The user simply picks what product he/she needs, and a Jetpacker will be arrive in a matter of minutes.  Payment is also a breeze, since customers can store their credit card information on the app. 

The Results

Early Traction from beta launch at Stanford University

With little funding and a lot of pizza and bicycle marketing, we gained early traction at Stanford. We learned a lot from the beta launch which will help us grow faster and operate more efficiently, as we expand to more universities in fall 2017.

                                           

Students Love Us!

Our Unique Business Model

On-demand profitability has been challenging for many companies. Our business model and customer acquisition strategy enable positive profit margins while paying Jetpackers $20 per hour. With our initial plan to scale onto four campuses, we can target 39% gross profit margins. 

Our projected economics for each campus per semester:

Why Invest?

1. The Market is Huge and Growing

Jetpack is well positioned to enter a lucrative market! The on-demand economy is large and growing. Economic activities centered around online platforms, where independent sellers can offer goods or services to customers, are attracting significant consumer attention and spending. The on-demand economy is attracting more than 22.4 million consumers annually and $57.6 billion in spending. 

Data from the National Technology Readiness Survey* (NTRS)

2. We Know Our Customers

Who knows college students better than...college students?! Based on our experiences and understanding on campus culture, we identified the types of products and problems that are most crucial to students. We even started an innovative #whywejet photo series highlighting hilarious stories of students when they needed products right away.

#whywejet photo series interviewing Stanford students about their favorite last minute products

3. Last Mile Competitive Advantage

We're focused on speedy delivery. The only area where large delivery companies cannot benefit from economies of scale is the final mile of delivery. We are focused on deliveries of less than 15 minutes.

4. Evolving Ad Space 

Jetpack is in a unique position to play a role in the evolving ad space. Jetpack can serve as a sample discovery platform for students and a marketing platform for cool brands!

*Results from OnCampus Research's Student Watch Survey

We have the ability to emotionally connect with a broad collegiate audience online and offline.

We enable offline discovery and online repurchasing via personalized email marketing after Jetpack orders.

Current Brand Partners

We're excited to work with companies who continue to push the needle and provide irresistible consumer experiences. We love introducing students to our awesome partner brands! 

Press 

Current Investors + Partner Groups

There are many groups that have influenced our journey and have chosen to invest in us. We're thankful for those who believe in our mission.  

Letter from The Founder 

Dear Potential Investor, 

First and foremost, thank you for learning about Jetpack! Our team is incredibly honored you took the time to learn about what we're building. I'll start by sharing my story. I believe my unique life journey is the reason I've built the resilience necessary to grow as an entrepreneur.

I was born in a small village in Mali. After coming to the United States at an early age to receive advanced medical support, I was faced with the challenge of growing up in New York City while struggling to learn English in a new schooling system. While initially scary, my journey allowed me to meet some of the best people this world has to offer, and it afforded me the opportunity to affect positive change in numerous ways. 

During my tenure as President of Columbia University’s NSBE chapter, I helped minority students along their way to becoming engineers.  At Procter & Gamble (P&G), I was selected out of 127 technologist applications to receive $20,000 in innovation funding to develop my idea of harnessing cheap magnetic technologies to deliver new-to-the-world products. As a result, I earned a "Transformative Research" award from the company. My next chapter involved making healthy living more affordable for people from all walks of life. While these opportunities have been extremely gratifying, I recognize that true global impact requires embracing the humanity of others and dreaming big. 

I first started dreaming big as a senior engineer at P&G. I fell in love with consumer products and their potential, and became fascinated with how the simplest product could have the biggest impact on a person's daily life. I was also excited by the challenge of determining what the consumer wants even when he/she cannot yet articulate the answer. 

After a successful beta launch on Stanford University's campus in the spring of 2017, Jetpack has spent the summer optimizing its business model and preparing for expansion.  Moving forward, Jetpack will expand its reach to more college campuses and eventually densely populated cities throughout the country.  It is our mission to get the products you need when you need them, whether it's late night snacks or crucial medication.

Jetpack represents the new wave of peer-to-peer service.  Not only do we make our customers' days easier, we provide great opportunities for our sellers with entrepreneurial spirit and for students looking for new ways to connect with their peers.  Join us as we revolutionize the way consumer products are discovered and distributed. 

 Sincerely, 

Fatima Dicko

Founder & CEO of Jetpack