In a small non-descript office with one-way mirrored windows in a small town on the central coast of California an elite team of geeks and creatives have been working in secret on the next big Ad Tech Network. Our patent was filed on 12/28/2015 and now we can come out of the shadows and talk about what has been pushing our creative and technical limits for the last year.
AuLaCart – Mobile Kiosk for Supermarket Carts
AuLaCart is an interactive in-store merchandising and consumer information system with the capabilities to deliver competitive advertising based on a shopper’s physical location within the store. The system serves the supermarket shopping experience with benefits for the consumer, supermarket management, and food product vendors. The device is attached to the shopping cart and communicates with databases at the local, store, and global levels. The device is a PC extended by robotic sensors for tracking device location within the store. Revenue is created by selling point-of-sale advertising to food product vendors. Users interact with the system by moving the cart within the store. For those consumers that engage deeper with the system there is a rich inventory of touch screen function including recipes, nutritional data, and store mapping & directories; just to name a few. The system is designed to globally scale using AWS for data services. AuLaCart is patent pending technology with the filing completed under the supervision of one of the best IP Lawyers in the country.
Building the Partnership
Building a business starts with building the team and to do this we put together an equity partnership with three partners and funding from a local angel investor group. Our team includes the CEO of another Digital Marketing Agency, a Project Manager from a Fortune 50 company with the skills to implement a national scale project, and an exceptionally smart engineer with the skills to solve the hardware and software challenges. Add to that SMS’s internal skills in design and programmatic ad systems and this really is an exceptional team.
The patent filing process was one of the most frustrating parts of the last year probably because it was learning a whole new world. The entire basis of language is different because in marketing we talk about how the customer benefits from the product or service, while in the patent world it’s about how it works, not what value it creates. Our lawyer tells us that we are about half way through this process so there is more to learn. It was an interesting life experience as the inventor on a patent and it was one of the most challenging search projects.
The Business Plan
Great Ideas need Grand Plans and we have been through an extensive process to build ours. Our partner group has decades of experience in business planning and our local SBDC gave us the opportunity to test our plan with an independent review. This compared our business to other VC funded businesses in California. Many will tell you that the team is the most important success factor and our management team scored with a 90.8% compared to funded companies. When we look at the five year plan we are in the unicorn range.
Our business is all about “What’s Next” and this partnership is no exception to that. Our next step is to find funding for the pilot phase and then execute that plan. This will prove the technology, business model, and the team we have to make this happen. When we are successful with that we have 37k supermarkets to install – remember our national scope project manager? Well this is why she’s here. We are out to reinvent the supermarket shopping experience on a national level.