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Mint Measure

Making ad spend analytics easy to understand for every marketer
SaaS B2B Adtech Media
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Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team FAQ Discussion

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by Mint Measure Inc.
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Highlights


  • $930K lifetime revenue (historical & contracted)
  • Hired first two full-time employees in 2022 (Engineer & BDR)
  • Raised $200K in pre-seed round in late 2021
  • Four active clients, two signed LOIs, $350k in weighted sales pipeline
  • Fully automated reporting UI launched Q4 2021 (manual work cut 90% YoY)
  • Approached by two companies for acquisition in 2022 (both declined)
  • Added 5x CEO Bill Eichen as advisor in Jan 2022 (MD @ GimmelFund)

Problem


79% of marketers struggle

to interpret and apply data
analytics to improve marketing ROAS.

This is due to specialized knowledge requirements and lack of analytical staff.*

As a result, advertisers either forego buying analytics tools or use biased platform data to evaluate ad spend effectiveness.

*emarketer study 2019

Solution


Simple, actionable ad analytics

Mint Measure’s ad analytics platform provides easy-to-read charts and pre-analyzed insights so any marketer knows what’s working.

Prescriptive recommendations make optimizations easy and actionable.

We help brands know which ad channels are driving results and how to optimize.

Here's a look at our UI and reports:


Product


How it works

Mint Measure's tech is placed in each ad platform for a brand, and we monitor ad delivery and actions taken by users. 

This data is cleaned and transformed into easy-to-read charts. Insights give context, and recommendations are provided for the client to take action.


Mint Measure’s unfair advantage


We created a new way to process data to deliver 80% of the value of the enterprise solutions at 20% of the cost.

Our unique methodology quantifies what's working and where marketers should allocate ad budgets to drive growth with these proprietary metrics:

  • Incremental reach
  • iCPM - cost of incremental reach
  • Incremental conversions
  • iCPA - cost per incremental conversion

Traction


By the numbers

—
Revenue 

  • 2020 revenue - $47,500
  • 2021 revenue - $321,000
  • 2022 bookings - $506,000 (+53% YoY)
    • $149K ARR + $357K Pay-per-use

—
Customers 

  • 4 active clients
  • Q4 2021 closed 2 new deals
  • Q2 2022 forecast – 4 new deals ($10k MRR)
  • 4 proposals out for approval; strong sales pipeline

Where we are today


Core Analytics Platform

Serving clients for ~18 months

  • $930K lifetime revenue
  • $506K booked so far for 2022

Repackage products

  • Parsed analytics into 3 SaaS products to align with client needs and stages of growth
  • Launched new SaaS website in February, with ability for customer to purchase online

Data Sales

  • Upsold a current client to begin using audience data
  • 3 upcoming pilot campaigns with brands for data sales

Staff & Growth

Hired first 2 staff

  • Sales Rep; has been 1st sales rep 3x
  • Lead Engineer

Partnerships

  • Developing long term partnership with High There/CannaGrowth platform to serve as their dedicated analytics provider
  • Expanding relationships with ad agencies to gain client referrals

Customers


Customer segments

We service brands spending
$400k–$30M per year on advertising.


Facts about attribution


  • 70% say cost justification is a challenge
  • 78% of marketers plan to adapt of increase their use of cross channel attribution
  • Only 39% of companies are carrying out attribution on ‘all or most’ of their marketing activities (Source: econsultancy)
  • 70% of businesses are now struggling to act on the insights they gain from attribution (Source: AdRoll)
  • 42% of marketers report attribution manually using spreadsheets (Source: econsultancy)
  • 53.3% say a minimal understanding is the main challenge of effective marketing attribution (Source: Ruler Analytics)

Business model


Monthly fee and
pay-per-use options

—
Option 1: Monthly Fee (SaaS)

  • 3 tiers of product 
    • $699 ($500K ad spend)
    • $1,249 ($1M ad spend)
    • $2,499 ($2M+ ad spend)
  • Currently our GTM for 2022

—
Option 2: Pay-Per-Use

  • For ad agencies only
  • Rates range from $0.50-$1.00 CPM
  • Yields 30% increased profit

Market


Attribution companies intersect: 

Analytics + digital identity + data sales

  • Nielsen – $6B Revenue
  • Neustar – $575M Revenue
  • LiveRamp – $443M Revenue

Companies that offer all 3 earn 20–50x higher revenues than single-service companies

  • 18 month SOM* - $2M ARR
  • 6 year SOM* - $92M ARR

*SOM is project growth

Competition


Competitive landscape


Vision and strategy


What we'll achieve
with your investment


Core Analytics (SaaS) 

  • Finalize product market fit; repeatable sales processes
  • Add $750K ARR in 12 months
  • Incorporate client feedback to improve platform usability 
  • Continue automating workflows and scale prep

Data Sales & Identity 

  • Build pipes & automate data workflows for data sales 
    • Create integrations into top 5 DSPs 
  • Add $150k in data sales revenue

Use of Funds


Team Marketing

  • Biz Dev & Account Executives (23%)
  • Data engineer (22%)
  • Data Analyst (11%)

Capx

  • Databricks & Azure (7%)
  • ID5 & Experian (4%)

Marketing

  • SEO & paid search (7%)
  • Content marketing (5%)
  • Industry conferences (3%)

Other

  • Legal (2%)
  • Office supplies (1%)
  • Discretionary (15%)

Funding


  • Joe Zawadzki - Former CEO & Co-Founder at MediaMath, GP at Aperiam Ventures (https://www.linkedin.com/in/jzawadzki/)
  • Erich Wasserman - Co-Founder at MediaMath & Rigor (https://www.linkedin.com/in/erichwasserman/)
  • Andy Kemp - Managing Partner at KORTX (https://www.linkedin.com/in/kemperdrew/)
  • Erik Stubenvoll - Managing Director at KORTX (https://www.linkedin.com/in/erik-stubenvoll/)

Founders


Scott Konopasek
CEO / Platform Creator
11 years in Adtech

  • Built Mint to solve the pain points he experienced
  • Performance marketer & analytics expert
  • Track record driving double-digit growth for clients
  • Process-driven thinker 

—

Alex Netelkos
CPO / Product, Data, and Analytics
7 years in AdTech

  • Analytics Lead at DSP MediaMath for clients Walmart, Home Depot and Proctor & Gamble
  • Led creation of MediaMath’s SOURCE Reporting Dashboard
  • Experience in analytics, client services and product development

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by Mint Measure Inc.

About Mint Measure

Legal Name
Mint Measure Inc
Founded
Feb 2020
Form
Delaware Corporation
Employees
4
Website
mintmeasure.com
Social Media
None
Headquarters
Google Map location of of Mint Measure
1997 South 2100 East 14 , Salt Lake City, UT
Headquarters
1997 South 2100 East, 14, Salt Lake City, UT, United States 84108

Mint Measure Team
Everyone helping build Mint Measure, not limited to employees

Profile picture of Scott Konopasek
Scott Konopasek
Founder
Profile picture of Alex Netelkos
Alex Netelkos
Head of Product & Analytics
Profile picture of Keoni Murray
Keoni Murray
Lead Engineer
Profile picture of Brandon Beck
Brandon Beck
Business Development Representative
2 more team members
Scott Konopasek
Founder
Alex Netelkos
Head of Product & Analytics
Keoni Murray
Lead Engineer
Brandon Beck
Business Development Representative

FAQ

What must I do to receive my equity or cash in the event of the conversion of my Crowd SAFE?

What must I do to receive my equity or cash in the event of the conversion of my Crowd SAFE?

Suppose the Company converts the Crowd SAFE as a result of an equity financing. In that case, you must open a custodial account with the custodian and sign subscription documentation to receive the equity securities. The Company will notify you of the conversion trigger, and you must complete necessary documentation within 30 days of such notice. If you do not complete the required documentation with that time frame, you will only be able to receive an amount of cash equal to (or less in some circumstances) your investment amount. Unclaimed cash will be subject to relevant escheatment laws. For more information, see the Crowd SAFE for this offering.


If the conversion of the Crowd SAFE is triggered as a result of a Liquidity Event (e.g. M&A or an IPO), then you will be required to select between receiving a cash payment (equal to your investment amount or a lesser amount) or equity.  You are required to make your selection (and complete any relevant documentation) within 30 days of such receiving notice from the Company of the conversion trigger, otherwise you will receive the cash payment option, which will be subject to relevant escheatment laws. The equity consideration varies depending on whether the Liquidity Event occurs before or after an equity financing. For more information, see the Crowd SAFE for this offering.

How do I earn a return?

How do I earn a return?

We are using Republic's Crowd SAFE security. Learn how this translates into a return on investment here.

Still have questions? Check the discussion section.

Discussion

Ask questions and share feedback with the Mint Measure team below. If you have support related questions for Republic, please contact investors@republic.co.
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