Thursday, June 5, 2008

The Pitch

Bizak checks startups' profitability

Bizak
Headquarters: Brookline
Employees: 1
Founded: 2007
Web: www.bizak.com
E-mail: tom@tokibiz.net
Phone: 617-947-8071

The Pitch: The company is looking to expand consulting services offered to entrepreneurs and startups, including professional business valuations, web design, marketing and application development.

PITCHING THE TECHNOLOGY
Bizak.com is a website that computes the profitability of Internet startups and compares that data to industry benchmarks. Bizak runs on a subscription model targeting entrepreneurs and investors. The website is designed to calculate a startup’s valuation, which entrepreneurs and investors can use to compare performance and inform investment. The site also has a social networking aspect, allowing entrepreneurs and investors to connect with one another.

The company is a subsidiary of TOKiBiz, which seeks to help entrepreneurs turn their ideas into profitable Internet companies. TOKiBiz charges entrepreneurs to build their web applications, and takes a percentage of ownership and revenues to run and market the business. TOKiBiz also recently launched infoMedMD.com, designed to enable patients to answer questions online before visiting a doctor’s office, in order to save time during an appointment. 

PITCHING THE PEOPLE

Who is on the management team? Tom O’Keefe, founder, who was formerly founder of Research Connect Inc.

Have executives been involved in a cashout prior to this venture? Research Connect was sold to Technology Alliances Inc. in 2007.

Who is on the board of advisers? The company has not formed a board.

PITCHING THE BUSINESS

How much investment is being sought? The company is seeking $500,000 to $1 million in equity investment.

What partnerships, collaborations or affiliations are already in place? TOKiBiz has a web design partnership with Fortunate13 and a web development partnership with SJ Callan Designs.

List any federal or state grants, contracts or awards received: None.

What’s the market size being pursued? Bizak said its target market is composed of all Internet entrepreneurs.

Who are the likely competitors, direct or indirect? The company said Bizak’s competition includes web products such as Compete.com and Google Analytics Benchmarks.

Is the company profitable? Yes.