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Friday, October 24, 2008
The Pitch
Tripleseat seeks funding for event management software
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Tripleseat Software LLC
Headquarters: Maynard
Employees: 4
Founded: 2008
Web: www.tripleseat.com
E-mail: jonathan@tripleseat.com
Phone: 978-853-4342
The Pitch: Tripleseat is seeking funding to grow its sales and marketing efforts.
PITCHING THE TECHNOLOGY
Tripleseat makes web-based sales and event-management software for the restaurant and events markets. Tripleseat’s Ruby on Rails-based product is intended to allow restaurants to strengthen their customer retention, improve productivity, and increase revenue from their private dining businesses. The company says it uses web-based delivery and payment tools, and avoids lengthy contracts. The software includes an online event schedule, bookings manager, and customer relationship manager. The company’s Tripleseat Banquet Event Order allows restaurants to distribute an event’s details to guests, chefs and managers.
PITCHING THE PEOPLE
Who is on the management team? Jonathan Morse, co-founder, formerly of Marriott International Inc., Starwood Hotels & Resorts Worldwide Inc., Back Bay Restaurant Group Inc. and Bertucci’s Italian Restaurant; Dusty Davidson, co-founder; and Kevin Zink, co-founder. Davidson and Zink are also the co-owners of Omaha, Neb.-based company Brightmix LLC, which uses Ruby on Rails and ASP.net to develop web applications like Tripleseat’s.
Have executives been involved in a cashout prior to this venture? No.
Who is on the board of advisers? Herbert Morse, of the Boston Foundation and formerly of KPMG LLP; and George Conant, formerly of Merlot Communications Inc., BAXL Technologies Inc., and Xyplex Corp.
PITCHING THE BUSINESS
How much investment is being sought? TripleSeat is seeking $100,000 to grow its sales and marketing efforts.
What partnerships, collaborations or affiliations are already in place? None.
List any federal or state grants, contracts or awards received: None
What’s the market size being pursued? The company says it plans to target the more than 96,000 restaurants in the United States.
Who are the likely competitors, direct or indirect? Hotel sales and catering systems like Newmarket International, ReServe Interactive and Caterease Software comprise Tripleseat’s main competition, according to the company.
Is the company profitable? No.
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