Investor for New Tech Startup

TomasTovey

Free Member
Business Listing
Jun 17, 2024
20
1
Wales
freesiteguys.com
Hi everyone,

I’m excited to introduce Free Site Guys, a tech startup on the verge of transforming how small businesses get online. We’re currently offering a very basic version of our service to a select group of customers, and so far, we’ve received excellent feedback.

What We Do: Free Site Guys simplifies web development by offering free websites to small businesses, eliminating the high upfront costs and extended timelines of traditional web design. Here’s the current process:

  1. Instant Website Generation: In under 20 seconds, our AI creates a fully functional, custom website.
  2. Easy Customization: Users can log in to edit content, regenerate sections with AI, and upload images.
  3. Affordable Hosting: Once satisfied, they pay just £50 per month for hosting, which includes fast servers, a free domain, and ongoing support.
Why We Need You: We are 10 days into development, and although we’re already providing a basic version of our service, we need funding to complete the full build and deliver a polished product by December.

Investment Opportunity: As an early investor, you’ll help us complete this final stage of development and gain access to a high-margin SaaS business model:

  • Hosting fee: £50 per month per customer.
  • Low hosting cost of £6 per customer, providing substantial margins.
Growth Potential: We’ve seen strong interest from small business owners, and our projections are as follows:

  • Year 1: 500 additional customers
  • Year 2: 800 additional customers
  • Year 3: 800 additional customers This would bring us to £1.2M in annual recurring revenue by Year 3.
Why Invest Now?

  • We’re already serving a small group of customers who have given positive feedback on the initial service.
  • Your investment will help us finish building the full-featured platform in time for our planned December launch.
  • Early investors will benefit from being part of the rapid growth and recurring revenue potential of a SaaS business.
Let’s Connect: If you’re interested in learning more about this early-stage opportunity and want to be part of our journey, please reach out. This is your chance to invest in a high-growth startup with a proven demand.

Best,
Tomas
Founder, Free Site Guys
 

fisicx

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It's not an attractive proposition. AI generated sites have already proven to be be pretty useless. And there are already a number of ways to get a free (or almost free) website. And small businesses are getting more savvy about these sort of junk sites.

How much have you already invested? How much cash do you need?

Is this you:

 
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On the plus side, you have given a nod to the numbers and the business model.

the next thing any investor will want to see is the research behind your numbers and assumptions, all of which are a bit 'convenient'.

The model itself isn't new or innovative, so why you, rather than another (or why would someone with money to invest not just do it themselves?
 
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antropy

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    Aug 2, 2010
    5,313
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    West Sussex, UK
    www.antropy.co.uk
    Why We Need You: We are 10 days into development, and although we’re already providing a basic version of our service, we need funding to complete the full build and deliver a polished product by December.
    You started 10 days ago and you already have a product that works? Really? Let's see some sites built by your system?

    • Hosting fee: £50 per month per customer.
    • Low hosting cost of £6 per customer, providing substantial margins.
    Hosting fee might have to be slightly lower but your hosting cost could also be lower.

    • Year 1: 500 additional customers
    • Year 2: 800 additional customers
    • Year 3: 800 additional customers This would bring us to £1.2M in annual recurring revenue by Year 3.
    500 customers a year, 42 a month is a lot.

    Let’s Connect: If you’re interested in learning more about this early-stage opportunity and want to be part of our journey, please reach out. This is your chance to invest in a high-growth startup with a proven demand.
    I'm interested: [email protected].

    Paul.
     
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    TomasTovey

    Free Member
    Business Listing
    Jun 17, 2024
    20
    1
    Wales
    freesiteguys.com
    It's not an attractive proposition. AI generated sites have already proven to be be pretty useless. And there are already a number of ways to get a free (or almost free) website. And small businesses are getting more savvy about these sort of junk sites.

    How much have you already invested? How much cash do you need?

    Is this you:

    Hey 👋
    Yes this is us.
    I have used my competitors that also offer AI built sites however what we are building so something far more than that.
    There are a lot of innovative tools that will change the way businesses generate leads revolutionising CRM systems and making it all extremely user friendly including for those not up to date with the AI revolution.

    Invested:
    £1400

    Needed:
    £12,000

    If you’re considering becoming an early investor then I’d love to schedule a call to explain everything we are doing.
    I’d say the AI generated website is 10% of the overall system and we are striving for a all in one software for businesses wanting to grow using the internet 🙌
     
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    TomasTovey

    Free Member
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    Jun 17, 2024
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    freesiteguys.com
    You started 10 days ago and you already have a product that works? Really? Let's see some sites built by your system?


    Hosting fee might have to be slightly lower but your hosting cost could also be lower.


    500 customers a year, 42 a month is a lot.
    .

    Paul.
    I agree it’s a lot! However my martial arts gym acquired 40 members this month and this software appeals to a much bigger audience and is far cheaper and far more valuable 😊

    Ive just sent you an email Paul.
     
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    TomasTovey

    Free Member
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    Jun 17, 2024
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    freesiteguys.com
    You started 10 days ago and you already have a product that works? Really? Let's see some sites built by your system?
    Ooo ok I did some research and this was a good price and ultra fast hosting option based on my research but would love to hear more!

    With the margins we could charge less if hosting was the only service however, I think once you’ve seen the full software, it’s a steal!

    Yes we have built sites for a few customers, those of which can be found on our website https://freesiteguys.com but with very early release of the software which we explained to gem and they were still happy and we will be updating their site as the software updates.

    Look forward to talking to you more about it Paul!
     
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    antropy

    Business Member
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    www.antropy.co.uk
    I agree it’s a lot! However my martial arts gym acquired 40 members this month and this software appeals to a much bigger audience and is far cheaper and far more valuable 😊
    Sounds interesting. We're doing some pretty incredible marketing at the moment but only getting 5-6 new clients a month. I wouldn't necessarily say the logic follows that if you can get 1% of the gym traffic in an area you can get 1% of website business on the internet. Often you get a much smaller percentage if the market is bigger.

    Ive just sent you an email Paul.
    Thanks, I've got quite a lot on but I'll take a look and come back to you.

    Paul.
     
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    fisicx

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    All in one solutions are not the way to go. Many have tried and failed despite spending huge amounts of money on marketing.

    They failed because people like to choose the platforms and applications they use. And because there are thousands of different integrations. This is why Wordpress is so popular, it’s because of all the niche plugins.

    The sites in your portfolio are very poor. They don’t inspire investment.

    £12,000 isn’t anywhere near enough to launch and market a CRM.

    But if you have a business plan I’m happy to take a look.
     
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    TomasTovey

    Free Member
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    Jun 17, 2024
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    freesiteguys.com
    On the plus side, you have given a nod to the numbers and the business model.

    the next thing any investor will want to see is the research behind your numbers and assumptions, all of which are a bit 'convenient'.

    The model itself isn't new or innovative, so why you, rather than another (or why would someone with money to invest not just do it themselves?
    Ok amazing I’ll take this advice on board and give interested people more information over a call 😊

    The biggest thing at this stage which stops other doing it is the all round software takes different tools businesses use and spend hundreds on and incorporates them into one platform and the use of AI is to simplify the process throughout.

    Here are some number based on the UK alone we can provide the software to US and Canada too!

    As of October 2023, the UK had approximately 5.6 million private sector businesses


    29% of businesses don’t have a website (1,624,000)

    • Cost
      26% of small businesses without a website cited cost as the primary factor.

    • Technical knowledge
      15% of small businesses without a website believed they lacked the technical knowledge to run a site.
    • Potential market in UK alone: 665,000

      We have been door to door to businesses over the past couple of days and these numbers are proving accurate. We have also had a very positive response from the businesses we have visited!
     
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    TomasTovey

    Free Member
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    Jun 17, 2024
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    1
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    freesiteguys.com
    All in one solutions are not the way to go. Many have tried and failed despite spending huge amounts of money on marketing.

    They failed because people like to choose the platforms and applications they use. And because there are thousands of different integrations. This is why Wordpress is so popular, it’s because of all the niche plugins.

    The sites in your portfolio are very poor. They don’t inspire investment.

    £12,000 isn’t anywhere near enough to launch and market a CRM.

    But if you have a business plan I’m happy to take a look.
    Thanks for the response Fisics.

    So I’ve done marketing for all in one software companies before and I 100% agree with what your saying above 👆
    The accessory tools are there to aid the customers of our website builder and this will be the main thing we advertise.
    We aren’t advertising the mass amount of benefits or tools we are solving 1 major problem which effects over 600,000 small businesses in the UK alone that don’t have sites, due to price or lack of IT understanding, and the tools are used for retention and value stacking the membership which will encourage customers to become reliant, thus increasing our Life Time Value.

    If you were happy with the business plan would investing be a consideration?
     
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    Ok amazing I’ll take this advice on board and give interested people more information over a call 😊

    The biggest thing at this stage which stops other doing it is the all round software takes different tools businesses use and spend hundreds on and incorporates them into one platform and the use of AI is to simplify the process throughout.

    Here are some number based on the UK alone we can provide the software to US and Canada too!

    As of October 2023, the UK had approximately 5.6 million private sector businesses


    29% of businesses don’t have a website (1,624,000)

    • Cost
      26% of small businesses without a website cited cost as the primary factor.

    • Technical knowledge
      15% of small businesses without a website believed they lacked the technical knowledge to run a site.
    • Potential market in UK alone: 665,000

      We have been door to door to businesses over the past couple of days and these numbers are proving accurate. We have also had a very positive response from the businesses we have visited!
    Might I suggest that you re-direct your undoubted enthusiasm and energy away from seeking investment (which is more than a long shot right now, and frankly any sensible investor will want a huge slug of equity) - and into converting those positive feedbacks into real-life paying customers (there is a big chasm between getting people to agree with you and getting them to subscribe)

    The big number stats you've given are. shall we say, arbitrary - get out there and get real commitment!

    Whilst I don't know about the tech aspect, the business side needs far more detail and research in terms of:

    - Marketing budget (will need to be huge)

    - Customer retention. I can guarantee there will be a huge attrition from customers going bust, bounced/DDs / missed payments or simply walking away when they realise their site hasn't given the exciting lead flow they had expected (whether it's been promised or not)

    Those are the nuts and bolts of business that investors will home in on.
     
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    TomasTovey

    Free Member
    Business Listing
    Jun 17, 2024
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    1
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    freesiteguys.com
    Might I suggest that you re-direct your undoubted enthusiasm and energy away from seeking investment (which is more than a long shot right now, and frankly any sensible investor will want a huge slug of equity) - and into converting those positive feedbacks into real-life paying customers (there is a big chasm between getting people to agree with you and getting them to subscribe)

    The big number stats you've given are. shall we say, arbitrary - get out there and get real commitment!

    Whilst I don't know about the tech aspect, the business side needs far more detail and research in terms of:

    - Marketing budget (will need to be huge)

    - Customer retention. I can guarantee there will be a huge attrition from customers going bust, bounced/DDs / missed payments or simply walking away when they realise their site hasn't given the exciting lead flow they had expected (whether it's been promised or not)

    Those are the nuts and bolts of business that investors will home in on.
    Thanks again mark appreciate the feedback!
     
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    fisicx

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    We aren’t advertising the mass amount of benefits or tools we are solving 1 major problem which effects over 600,000 small businesses in the UK alone that don’t have sites, due to price or lack of IT understanding, and the tools are used for retention and value stacking the membership which will encourage customers to become reliant, thus increasing our Life Time Value.
    That's not really correct.

    Many of those 600,000 may not need a website. They could get leads from many sources or in the case of shops don't even need a website.

    If they do want a website there are loads of option. Adverts on the telly suggest all sorts of low cost solutions. They might not be good solutions but they are easy to use.

    Why would I want to pay you £50/month when godaddy can do the same for £7.99/month. They even offer wordpress for £3.99/month.

    Right now there isn't anything to invest in. You don't have a viable product.
     
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    TomasTovey

    Free Member
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    Jun 17, 2024
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    freesiteguys.com
    That's not really correct.

    Many of those 600,000 may not need a website. They could get leads from many sources or in the case of shops don't even need a website.

    If they do want a website there are loads of option. Adverts on the telly suggest all sorts of low cost solutions. They might not be good solutions but they are easy to use.

    Why would I want to pay you £50/month when godaddy can do the same for £7.99/month. They even offer wordpress for £3.99/month.

    Right now there isn't anything to invest in. You don't have a viable product.
    Makes a ton of sense and I’m yet to test the market using paid ads.
    The facts I have right now are that I went into my local town of Swansea, south wales and went into 10 businesses that don’t have websites 4 of which were mind blown about the offer and signed up there an then.

    The product is more than a free website and it takes tools such as lead scraping, CRMs, Education and other tools included and makes them far easier to use and better in many ways. I say this from years of experience in the marketing niche and years using some of the leading tools such as GoHighLevel. With an app to manage it all coming up in the future the value for customers will only increase.

    From a pool of 600k in the uk and far more than that in US and Canada our goals of achieving 2000 customers seems very achievable.
    The scraper alone takes a software I was using which costed me £99 a month and they had 400+ active members in their discord and after months of use I found a list of bugs and flaws in the technology so even the scraper tool our customer gets is extremely valuable.

    Thanks again for your time the information is definitely eye opening!
     
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    fisicx

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    none of those tools are of any value to Dennis the Plumber. He just wants a local website where he can promote his services and upload pictures of the work he does. Asking him to pay £600/year for this is not going to work.

    And if you are going to use scraping tools you will soon feel the wrath of many.

    Are those 4 websites you mention the ones on your site? If so they are all rubbish. Sorry to be so negative but they really are awful.
     
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    TomasTovey

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    freesiteguys.com
    none of those tools are of any value to Dennis the Plumber. He just wants a local website where he can promote his services and upload pictures of the work he does. Asking him to pay £600/year for this is not going to work.

    And if you are going to use scraping tools you will soon feel the wrath of many.

    Are those 4 websites you mention the ones on your site? If so they are all rubbish. Sorry to be so negative but they really are awful.
    No need to apologise enjoy discussing my business plans with someone with potentially more experience than me in areas.

    So the websites built on my website currently are examples of phase 1 AI site generator which is extremely basic and is 10% of what it will be in the future.
    My site isn't being promoted as of yet so those sites are just on there to test the portfolio function.

    In the example of a plumber I agree certain function won’t help but the CRM, content calendar, automatic invoicing and instant quoting/live AI chat functions would all help massively in saving a plumber time and money.
     
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    fisicx

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    In the example of a plumber I agree certain function won’t help but the CRM, content calendar, automatic invoicing and instant quoting/live AI chat functions would all help massively in saving a plumber time and money.
    Go talk to a plumber. They don’t need any of that.

    You are creating a solution for a problem that doesn’t exist.

    And AI chat is generally rubbish despite squidillions of dollars being spent on development. Maybe in 5 years it will be better but the local butcher will never need it. Nor will the garage where I get my car serviced.
     
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    No need to apologise enjoy discussing my business plans with someone with potentially more experience than me in areas.

    So the websites built on my website currently are examples of phase 1 AI site generator which is extremely basic and is 10% of what it will be in the future.
    My site isn't being promoted as of yet so those sites are just on there to test the portfolio function.

    In the example of a plumber I agree certain function won’t help but the CRM, content calendar, automatic invoicing and instant quoting/live AI chat functions would all help massively in saving a plumber time and money.
    The fact that you are still here and responding is a testament to your personality.

    The fact that you have asked (essentially) the same question 3 times, and received consistent replies may suggest you aren't taking the feedback on board fully.

    In basic terms YOU ARE NOWHERE NEAR READY FOR INVESTMENT.

    The product, I can't comment on technically, but £50 pm seems a steep price point for a quickie website and some non-specific tools. (For reference I use 365 constantly, and still moan at paying £8)

    Marketing is 80% of your business (starting with detailed research). With the numbers you are hoping for, it will be all about lplacement, l Iead funnels and clever conversion tools, not 'gift of the gab' selling. The amount you are looking to raise might fund this for a month, if you are smart and have everything set up properly.

    The one thing I know a lot about is collections. And subscriptions are notoriously vulnerable.

    Drop outs are guaranteed. The number of dropouts will be defined by many factors, including

    Credit vetting
    Systems
    Promise / expectation vs delivery
    Financial wellbeing of each customer
    Contract.

    On the subject of contract, a proper, watertight one will cost most of the money you are raising. Enforcing it will dwarf that sum.


    TBH, in your position, whilst testing the market for at least 24 months,vid wing it with a cheap download contract, and try some DIY (legal) enforcement. At least it will he a learning curve.

    These are things I'd expect to dominate your business plan, not a description or dull list of features.
     
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    TomasTovey

    Free Member
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    Jun 17, 2024
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    freesiteguys.com
    none of those tools are of any value to Dennis the Plumber. He just wants a local website where he can promote his services and upload pictures of the work he does. Asking him to pay £600/year for this is not going to work.

    And if you are going to use scraping tools you will soon feel the wrath of many.

    Are those 4 websites you mention the ones on your site? If so they are all rubbish. Sorry to be so negative but they really are awful.


    Go talk to a plumber. They don’t need any of that.

    You are creating a solution for a problem that doesn’t exist.

    And AI chat is generally rubbish despite squidillions of dollars being spent on development. Maybe in 5 years it will be better but the local butcher will never need it. Nor will the garage where I get my car serviced.
    Think you can say the same about many industries for example my martial arts gym.
    I can teach classes
    Take cash on entry
    Run no events
    Not do any paid marketing
    Not post social media content

    But I do all of these things Because to helps with growth.

    Sitting at 600+ monthly paying members I’m the most expensive out of my direct competitors and one of the largest BJJ and MMA gyms in the UK.

    I agree nobody needs these extras but if your self employed and you want growth then these extras help massively

    If Dennis started offering monthly payments to make boiler fitting more affordable for gen pop I’m certain he will pick up more business.

    If he had a CRM with automatic reminders for servicing he would get more business and his LCV would be higher.
    - maybe he’s not skilled in copy writing so the basic help from AI to spell check and suggest edits on these emails would help

    If he had access to a review tool that guided customers to leave a review thus contributing to evergreen growth and ranking on google I’m sure he would make more money.

    I agree delivering information to Dennis in a way I’ve delivered information to you in this thread wouldn’t be the way to go but there are millions of dennises and if we can nail the delivery and marketing there is potential in what we are offering.

    Don't want to seem like I’m just responding and not taking anything on board as I have a list of things that everyone here has brought to my attention that I need to look into so I appreciate that 😊
     
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    zomex

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    Fair play to you for having a idea and pushing it forward. Also a huge MMA fan myself and 10 years of kickboxing behind me. So big respect on running such a successful martial arts gym.

    To call your business free site guys and charge £50/month for hosting you are basically changing the cost structure from 98% one-time and 2% recurring to 100% recurring. Your service actually works out much more expensive than conventional in even the short term.

    Checked the websites your AI is creating for example:


    Firstly I will say the code is clean. The design is decent. In the above example there is no required maintenance for security unlike with WordPress for example.

    But It's a static page with nothing working. Do you have an example of a completed working site?

    AI is the big selling point of your business but it's also the biggest threat because all it will take is 1 guy or girl creating a 20 minute video on Youtube showing how to create a website using AI and how to host it for £5/month and suddenly even if there is demand for this now there won't be for long.
     
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    TomasTovey

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    freesiteguys.com
    Fair play to you for having a idea and pushing it forward. Also a huge MMA fan myself and 10 years of kickboxing behind me. So big respect on running such a successful martial arts gym.

    To call your business free site guys and charge £50/month for hosting you are basically changing the cost structure from 98% one-time and 2% recurring to 100% recurring. Your service actually works out much more expensive than conventional in even the short term.

    Checked the websites your AI is creating for example:


    Firstly I will say the code is clean. The design is decent. In the above example there is no required maintenance for security unlike with WordPress for example.

    But It's a static page with nothing working. Do you have an example of a completed working site?

    AI is the big selling point of your business but it's also the biggest threat because all it will take is 1 guy or girl creating a 20 minute video on Youtube showing how to create a website using AI and how to host it for £5/month and suddenly even if there is demand for this now there won't be for long
    Hey great to connect!
    Appreciate your positivity man where did you train?
    Yeah it’s definitely a fast moving industry.
    So what our AI is building currently is like 10% of what it will be so wouldn’t be able to give you a good example until mid November of what we are capable of.

    I have used a lot of tools to allow my businesses to operate and found my self using 5 different softwares to build sites, manage staff, CRM, social media design and scheduling. Then I switched to GoHighLevel which is an amazing tool but you need to be techie and you need time to learn and build everything! Plus that costs £300 a month and is a massive company with 1000s of users!

    I want to build something that’s similar but AI and better structured to make it more user friendly!


    Thanks for the message would be cool to connect further 😊
     
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