A social-calendar app that helps friends sync their schedules and make plans raised $8 million. Read its pitch deck. --[Reported by Umva mag]

Howbout, a UK-based social-calendar app, wants to help friends make plans. Users can see when friends are available, vote on plans, chat, and more.

Oct 11, 2024 - 13:21
A social-calendar app that helps friends sync their schedules and make plans raised $8 million. Read its pitch deck. --[Reported by Umva mag]
Howbout cofounders Jake Jenner (CFO), Neil Tanna (CEO), and Duncan Cowan (CTO)
Howbout was created by cofounders Jake Jenner (CFO), Neil Tanna (CEO), and Duncan Cowan (CTO).
  • Howbout is a social-calendar app that wants to help friends make plans.
  • The UK-based startup raised an $8 million Series A led by Goodwater Capital.
  • Here's the 12-page pitch deck Howbout used to raise money as a consumer-social startup in 2024.

Many friend groups have one friend who keeps the group chat alive and makes plans to get everyone together.

Howbout, a new social-calendar app, has a name for those friends: Chief Friendship Officers.

"That person — and it's usually she — is so powerful in her friendship group," Howbout CEO Neil Tanna told Business Insider. "She's the micro influencer, she's the one who's sending all these messages on group chats trying to get everyone to hang out, and she's taken for granted. Without her, that friendship group would fizzle out because they just wouldn't meet."

These friend group CFOs are the target early adopters of Howbout, which announced last month that it raised an $8 million Series A round led by Goodwater Capital's Chi-Hua Chien.

The UK-based startup, founded in 2020, lets users sync their calendars (like Apple or Google) to the app, and then share their schedules and make plans with friends. Users can see when their friends are available and within the app, vote on plans, chat, schedule future events, and also share photos and videos from hangouts.

Users can toggle how much they want to share with peers on the app. Tanna noted that Gen-Z users are more likely to lay it all out there and share their entire calendars.

"Socializing how we spend our time is the best way to actively and passively stay connected with those closest to us," Tanna said, adding that the company is not trying to pitch itself as a better calendar alternative to the time management apps already out there.

Howbout is approaching 5 million users, Tanna said, and is currently ranked No. 15 on Apple's App Store "Social Networking" ranking, as of October 10.

As it grows, it's focused on retention and reaching the right demo, Tanna said. Howbout is targeting young adults instead of teens or college students.

"We found out really quickly our product is not for students," Tanna said. "Time isn't really a commodity or a luxury that you need to trade like it is when you are an adult."

Pie, another IRL social app that recently raised a Series A, is also targeting young adults as its demo — specifically 22 to 34.

Howbout is pre-revenue, but experimenting with potential revenue streams like subscriptions or a freemium model, moving some features behind a paywall, and also strategically inking partnerships. Tanna said the startup has already partnered with Tinder and Sony Music.

Tanna recognizes the difficulties of building and growing a consumer social app right now, too.

"It's all about retentive features," Tanna said. "It has to scratch an itch, it has to solve a problem."

Read the 12-page pitch deck that Howbout used to raise its $8 million Series A:

Note: Some slides have been edited and details have been redacted to share the document publicly.

Howbout is a social calendar app.
Howbout pitch deck title slide
Howbout lays out a problem: social media isn't social anymore.
SOCIAL MEDIA ISN'T WHAT IT USED TO BE...
Fans, followers, feeds... Gen Z are over it.
They're craving better connection with friends.
It's why 'finstas' launched. It's why 'Close Friends' filters starting existing on social media. It's why they have decided to share their live locations 24/7 on social maps.
Their friendships are tiered and the ultimate badge of honour is being included in these more intimate circles.
Then it outlines how it helps by "sharing time" and how Gen Z likes to share their full calendars.
Sharing time is the next LEVEL of connection. Whether it's going out or staying in, Gen Z love that their closest friends can see it all.
Over 4 million people have Howbout as their social calendar to share time with their friends, make plans, and keep up with everything they've got on.
Howbout outlines several product features.
A SOCIAL CALENDAR TO SHARE TIME WITH FRIENDs. Social features underpin everything. Shared views. Event chats. Polls. Groups.
Full control over what you share and who sees what.
Integrates with any third- party calendars that you already use.
Users can make plans directly in the app.
A SOCIAL CALENDAR TO SHARE TIME WITH FRIENDs
Upcoming
Easily plan
 anything
Instantly find when
 everyone's free
Keep on top of
 everything
It breaks down its app growth, too.
A HIGHLY ENGAGED USERBASE
Howbout is "built on networks" that already exist, like friend groups or clubs.
Built on NETWORKS. 90% of new users join via referral links and word-of-mouth, and our inherent network effects keep them coming back.

"90% of new users join via referral links and word-of-mouth, and our inherent network effects keep them coming back," the page reads.

Howbout is using social media platforms like TikTok to grow.
OUR Unit economics improvE AS WE scale
TikTok > Google
as the discovery tool for Gen Z. We dominate TikTok SEO search results.
50+ times viral on socials
(i.e. 1M+ views), with a core focus on the Chief Friendship Officer. We've developed a repeatable & scalable formula for organic user acquisition and it resonates with Gen Z.
75% of new users send referrals in their first month.
Users in the US make up 41% of monthly active users, Howbout says in its deck.
Global and expanding userbase
Howbout lays out incumbent calendar and time management apps.
NCUMBENT PLAYERS DON'T SERVE THE MARKET
In the workplace, time is multiplayer and seeing what your boss is up to is easy. With friends that just doesn't exist - there is no real way to share your time with the people that matter the most to you.
Howbout highlights its ranking on app stores.
Already a top ranking social app AROUND the world
Howbout has a small team and at the time of raising its Series A, had only 10 staffers.
a LEAN and high- performing team, 10 person team
Read the original article on Business Insider





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