First Concepts
→ Business Analysis
Business Analysis

The commercial mechanics. Pricing strategy (£50/seat evolving to seats + credits), pitch-pack pricing, the governance tier as procurement advantage, competitive positioning against presentation tools, general-purpose workspaces and platform bundling threats, enterprise procurement requirements, and go-to-market approach.

2.1 Baseline

2.1.1 Current price: £50/seat/month. Selling into pitch and concepting — highest urgency, most fragile context, fastest iteration need.

2.1.2 Second wedge: auditability and compliance of AI usage (brand/model constraints).

2.1.3 Two budget justification routes: pitch efficiency + win rate (new business budget, up to £200k/pitch), and governance/compliance risk (audit sheets of prompts, images, models).

2.2 Business Model Options

2.2.1 Option A — Seat-based SaaS (current). Simple mental model, forecastable MRR. Risk: AI costs are usage-driven, creates margin pressure. £50 is mid-to-high — defensible if positioned as Figma Org-tier (workflow + governance), not moodboarding. Anchors: Figma Org $55/mo, Enterprise $90/mo. Milanote $10-12/mo. Kive Basic $15/mo, Pro $75/mo.

2.2.2 Option B — Hybrid: seats + metered AI (recommended). Base seat fee + usage credits with generous included bundle. Aligns margin with inference costs. 3-4 plans with included credits and clear overages; enterprise gets pre-paid blocks and hard caps.

2.2.3 Option C — Project/pitch-based. Charge per "pitch project" or sell Pitch Packs. Fits agency mental model of pitch cost. Downside: harder to drive habitual adoption outside pitch moments.

2.2.4 Option D — Agency platform licence. Annual contract, minimum spend, unlimited/high-cap seats, admin + security bundle. Longer sales cycles, needs security posture. Best when governance is primary wedge.

2.2.5 Option E — Add-on revenue. Two natural add-ons:

2.2.6 Caution: anything hinting at "training on your data" triggers procurement scrutiny. Must be opt-in with clear contractual controls.

2.3 Enterprise Procurement

2.3.1 Even indie agencies behave like enterprise when AI touches client work.

2.3.2 Must-haves for agencies handling brand/client data:

2.3.3 Governance can become a primary buying reason, not just a checkbox — especially as clients demand AI usage disclosure.

2.4 Competition

2.4.1 FC's claim: "workflow and context layer for ideation to pitch" — not raw generation.

2.4.2 Direct competitors:

2.4.3 Adjacent budget competitors: Pitch, Google Slides, Keynote, Figma Slides. AI deck generators: Gamma, Tome.

2.4.4 Production/generation platforms: Adobe (Firefly, Creative Cloud), Canva, Runway, Midjourney. May not own workflow, but can bundle it.

2.4.5 Platform threat: Google, Microsoft, Adobe integrating concepting into existing stacks. FC stays defensible as tool-agnostic workflow layer (browser extension + integrations) combined with creative memory and governance.

2.5 Ecosystem & Integration Partners

2.5.1 Key integration categories:

2.6 KPIs

2.6.1 Activation: time-to-first-pitch-ready output, % projects with complete context, audit pack completeness, weekly active projects.

2.6.2 Retention & expansion: WAU/MAU per seat/agency, seats per agency + growth rate, project repeat rate, NPS (creatives + new biz leads).

2.6.3 Unit economics: gross margin by plan (incl. inference), AI cost per project/concept, CAC payback, sales cycle length + close rate by segment.

2.6.4 Outcome metrics: pitch cycle time reduction (baseline vs FC), pitch win-rate lift (self-reported initially), pitch cost avoided (hours, fewer external production cycles).

2.7 Go-to-Market Channels

2.7.1 Founder-led sales (primary). Warm intros via advisors + targeted outbound to indie agencies. Position by persona:

2.7.2 Events and community. AI festivals, creative-thons with shared briefs, ECD/CCO judges, brand sponsors. Event outputs become case studies.

2.7.3 Product-led growth. Only when stability + cost controls exist. Free tier with hard usage caps to protect margin.

2.7.4 Integration-led acquisition. Browser extension = "works where you work." Publish integrations and templates. Co-marketing with Figma, Frame.io, DAM providers.

2.8 Recommendations

2.8.1 Keep £50/seat as list price. Introduce usage/credit layer behind the scenes to protect margin and prepare enterprise pricing.

2.8.2 Package "AI Audit Pack" (exportable report) as paid add-on or enterprise feature — unusually procurement-aligned for creative tools.

2.8.3 Create 2-3 buyer-specific one-pagers (Creative Lead, New Business, Ops/Risk) for consistent story.

2.8.4 Start tracking: time-to-pitch-ready, audit completeness, seat expansion per agency.