Mashpotato presents a 15-slide deck (8 provided) targeting the intersection of restaurant reviews and e-commerce. The core thesis, stated on slide 2, is that existing platforms like Yelp and TripAdvisor focus on 'what' is nearby, whereas Mashpotato focuses on 'why' a user should visit a place or buy a kitchen gadget. The business model relies on a two-sided social network: 'Pros' who curate content and 'Joes' who browse, buy, and book. The deck includes a team slide featuring four members with backgrounds in hospitality, film, and software development. It concludes with a specific ask of $300…
Key takeaways
- The problem slide identifies a gap in existing discovery sites (Yelp, TripAdvisor) which focus on location rather than motivation (Slide 2).
- The platform utilizes a 'Pros' and 'Joes' user model to drive content and commerce (Slide 6).
- The team, dubbed 'Potatoheads,' includes an MBA co-founder and a senior developer from Linden Labs (Slide 4).
- The market opportunity is framed by Forrester data predicting mobile commerce to reach $31 billion by 2016 (Slide 7).
- The product features include the ability to follow pros, buy curated items, and book reservations (Slide 5).
- The funding ask is explicitly stated as $300,000 for a 20% equity stake (Slide 8).
- Use of funds is allocated across five categories: web development, backend programming, cloud hosting, lead generation, and launch promotion (Slide 8).
- The deck omits a business model slide explaining specific commission rates or revenue splits between the platform and 'Pros.'
Mashpotato: The 'Why' of Social Dining
Mashpotato enters the crowded restaurant discovery space with a specific angle: curation over raw data. The deck argues that the market is saturated with platforms that tell you where a restaurant is, but few that tell you why you should care. By blending social media influence with e-commerce, Mashpotato attempts to create a closed-loop ecosystem for foodies.
Slide 1: The Competitive Landscape
The deck opens with a visual representation of the current market leaders in restaurant discovery and reviews. Logos for Yelp, TripAdvisor, UrbanSpoon, Thrillist, and DineHere are displayed. The slide labels these as 'What’s Nearby, Rants & Raves.' This sets the stage for the company's differentiation strategy, positioning the incumbents as utility tools rather than lifestyle or aspirational platforms.
Slide 2: The Problem Statement
Slide 2 defines the problem through two user quotes. The first focuses on dining: 'I don’t just want to know what’s nearby; I want to know why I should go there!' The second focuses on commerce: 'You can find just about any kitchen gadget on line for a good price; I want to know why I should be buy something.' The emphasis on the word why suggests that the founders believe there is a 'curation gap' in the market where users are overwhelmed by choice but lack trusted guidance.
Slide 3: Brand Identity
The title slide introduces the company name, MASHPOTATO , with the tagline 'your local food scene from the inside out.' The branding is simple, using a dark grey background with orange and white text. The tagline reinforces the idea of 'insider' knowledge, which aligns with the curation theme established in the problem slide.
Slide 4: The 'Potatoheads' Team
The team slide, titled 'POTATOHEADS,' introduces four core members. Stephen Duke, MBA , is listed as a co-founder of George Mobile with experience in finance and digital marketing. Stan Chong is described as a film industry veteran and hospitality entrepreneur. Pauline Lai handles Web Development and UX. Cash Garman is the technical heavy-lifter, noted as a Senior Dev at Linden Labs (the creators of Second Life). This team composition covers the necessary bases: business, industry expertise, design, and high-level engineering.
Slide 5: Product Features
This slide answers 'What can members do on MASHPOTATO?' It lists four primary actions: follow pros and their content, increase your 'awesomeness' (suggesting a gamification or status element), buy or refer curated stuff to friends, and engage with reviews that users can 'trust, like, share, or comment.' The visuals include circular crops of food photography and a bicycle with a wine bottle holder, signaling that the 'curated stuff' extends to lifestyle gadgets, not just meals.
Slide 6: The User Experience (Pros vs. Joes)
Slide 6 breaks down the platform's functionality by user type. Pros can invite/endorse colleagues, promote their own books and videos, and review places or gadgets. Joes (the general consumers) can browse top profiles and gadgets, like/comment/share, and 'refer, buy, book reservations & earn commissions.' This is a critical slide as it hints at the business model: a social commerce engine where both the platform and the users can monetize recommendations.
Slide 7: Market Timing and mCommerce
To justify the 'Why Now,' slide 7 cites Forrester Research data. The chart, 'US Retail Revenues And Growth Rates, 2012 To 2016,' shows total mCommerce growing from $8 billion to $27 billion. The slide header claims 'Mobile Commerce to Quadruple to $31 Billion in Next 5 Years.' This slide serves to convince investors that the shift toward mobile purchasing is an unstoppable macro trend that Mashpotato is positioned to ride.
Slide 8: The Ask
The final provided slide is the investment ask: 'Seed Round $300,000 for 20%.' It lists five bullet points for the use of funds: Web Development (responsive/mobile), Backend Programming (database), Cloud server hosting, Lead Generation on Social Media, and Launch and promotion in key markets. This is a very direct, transparent ask, though it lacks a timeline for how long this $300k runway will last.
What Works in This Deck
The deck is highly focused on a single narrative: the transition from 'discovery' to 'curation.' By using the 'Pros vs. Joes' framework, the founders clearly explain how the social dynamics of the app are intended to function. The team slide is also a strength; having a developer from Linden Labs provides technical credibility for a social networking product. Furthermore, the explicit ask of $300,000 for 20% equity is refreshing in its clarity, leaving no ambiguity about the founders' valuation expectations.
What is Missing
The most glaring omission in the provided slides is traction . There is no mention of a beta test, a waitlist, or early user engagement metrics. Without this, the 'awesomeness' and 'social sharing' features remain purely theoretical. Additionally, the deck lacks a detailed Business Model slide. While slide 6 mentions commissions, it does not specify the take rate or how the company plans to compete with established affiliate giants. There is also no Competition Matrix . While slide 1 lists competitors, it doesn't explain how Mashpotato will technically or strategically defend its position against a company like Yelp if they were to simply add a 'Pro' curation layer.
Founder Takeaways
Founders should look at slide 2 as a great example of how to frame a 'soft' problem (lack of curation) as a 'hard' consumer pain point. Using quotes to illustrate the 'Why' vs. 'What' is an effective storytelling device. However, founders should avoid the mistake of omitting a clear revenue breakdown. If your platform relies on commissions and bookings, investors need to see the estimated Average Order Value (AOV) and the projected split. Finally, if you are raising a seed round, ensure you include a 'Milestones' slide that explains exactly what that $300,000 will achieve in terms of user growth or revenue targets, not just what it will pay for in terms of server costs.
Frequently asked questions
- What is the primary problem Mashpotato is trying to solve?
- According to slide 2, the problem is that current restaurant discovery sites only show 'what's nearby' and 'rants & raves.' Mashpotato wants to answer 'why' a user should go to a specific restaurant or buy a specific kitchen gadget, moving from simple discovery to motivated curation.
- How does the platform plan to monetize its user base?
- While a dedicated business model slide is missing, slide 6 indicates that 'Joes' (regular users) can 'refer, buy, book reservations & earn commissions.' This suggests a revenue model based on affiliate sales of gadgets and booking fees for restaurants, likely shared with the content creators.
- Who are the key members of the founding team?
- Slide 4 lists four members: Stephen Duke (MBA, Co-founder George Mobile), Stan Chong (Film and Hospitality), Pauline Lai (Web Developer/UX), and Cash Garman (Senior Dev at Linden Labs and United Front Games). The team combines hospitality experience with technical software development.
- What is the specific investment offer presented in the deck?
- Slide 8 states the company is seeking a Seed Round of $300,000 in exchange for 20% equity. This implies a post-money valuation of $1.5 million. The funds are earmarked for technical development, hosting, and marketing.
- What market data does the company use to justify its timing?
- Slide 7 uses a Forrester Research chart titled 'US Retail Revenues And Growth Rates, 2012 To 2016.' It highlights that total mCommerce (mobile commerce) was projected to grow from $8 billion in 2012 to $27 billion in 2016, supporting their mobile-first strategy.
