YKey

Your door. Your phone. No key needed.

🔵 Bluetooth Smart Lock Adapter 🎓 Built at Yale 📱 No Locksmith. No Installation. 🔑 No Keys Lost. Ever.

[email protected]  ·  getykey.com  ·  Alpha Demo 2025

The Team

Built by Yale students,
for every student.

A

Anton Melnychuk

CEO & Founder
Yale University '32 (PhD)
Electrical Engineering & CS (EECS)

Rivelane, Boston MA
Huawei, Germany
S

Sasha Serkov

CTO & Founder
Yale University '29 (BS)
Economics & Global Affairs

Military Affiliations
Operations & Strategy

Combined expertise in hardware engineering, firmware, economics and growth strategy

The Problem

Every student has been locked out.

11B
Annual locksmith market (US)
30%
of students locked out/semester
$125
avg locksmith callout fee
45min
avg wait time for Yale Security
  • 😩
    Lost & forgotten keys — Students lose keys regularly, triggering expensive re-keying and late-night emergencies.
  • 🤝
    No frictionless key sharing — Lending your apartment key to a friend, cleaner, or family member requires physical handoff.
  • 🔒
    Landlords restrict smart lock installation — Renters can't drill or replace cylinders. Existing smart locks require permanent modification.
  • 💸
    Smart locks cost $150–$400+ — Current solutions require a locksmith for install and void tenant agreements.
The Solution

Meet YKey — clips on, never replaces.

A compact Bluetooth-enabled servo device that mounts on top of any existing door lever handle. Zero modifications. Zero locksmith. Zero lost keys.

How YKey attaches
YKey

YKey clips over the lever — manual operation unchanged

  • Snaps onto existing lever handle — no screws, no drilling
  • Door still opens 100% manually from inside & outside
  • Bluetooth unlock from your phone in <1 second
  • Share digital keys to anyone, anytime, revocable instantly
  • Works on any standard lever handle (dorm, apartment, office)
  • Rechargeable battery — 6+ months per charge
  • Removes completely with no trace, no damage

The key insight: Every competing smart lock requires replacing the cylinder. YKey makes the handle smart — landlord-friendly, renter-legal, install in 30 seconds.

Product Experience

From box to unlocked in 3 steps.

1

Clip It On

Slide YKey over your door lever handle. The adjustable bracket locks in place. No tools. No screws. Takes 30 seconds.

2

Pair Your Phone

Open the YKey app, scan to pair via Bluetooth. Calibrate the servo to your lever angle once. Setup complete.

3

Unlock & Share

Tap unlock in-app or use auto-unlock on approach. Share time-limited digital keys to anyone — revoke anytime.

Technical Stack
MCUESP32 (Wi-Fi + BLE)
ActuatorHigh-torque servo motor
Power1100mAh LiPo + USB-C charge
ConnectivityBluetooth 5.0 BLE
FirmwareC++ / Arduino framework
AppiOS & Android (React Native)
Key Sharing Use Cases
  • Let a friend crash while you're away
  • Give cleaner a time-limited access window
  • Parents visiting for the weekend
  • Airbnb / short-term rental guest access
  • Package delivery one-time entry
  • Never pay a locksmith again
Alpha Prototype

Working hardware. Today.

Our alpha prototype is fully functional and installed on a real door. ESP32 + servo, controlled via custom BLE firmware.

ESP32 BLE+WiFi SERVO LiPo 3.7V 1100mAh YKey Lever handle clips on
Bill of Materials (Alpha)
ESP32-WROOM module$4.80
MG90S Servo (high torque)$3.20
1100mAh LiPo cell$3.50
3D-printed housing (PLA)$2.80
USB-C charge circuit + misc$4.70
Total BOM per unit~$19
✅ Alpha Status
  • BLE pairing & firmware working
  • Servo torque validated on real dorm door
  • Manual override always functional
  • iOS app prototype built
  • Battery life validated >4 months standby
🚧 Prototype → Product

With $2,000 seed funding, we move from breadboard prototype to an injection-molded, consumer-ready enclosure with polished app and packaging — ready to sell.

60%
Gross Margin
$19 BOM → $50 retail
Market Analysis

A massive, underserved renter market.

Smart lock incumbents target homeowners. YKey owns renters — the fastest-growing housing segment.

Market Size (TAM → SAM → SOM)
TAM — Global Smart Lock Market$6.2B by 2030
SAM — US Renter Smart Access$1.4B
SAM — US College Student Market$200M+
SOM — Year 1–3 Target$2.5M
Why Now
  • 44M US renters, growing 4% YoY
  • 20M college students — all lease-restricted
  • BLE chips now cost under $5
  • Smart home adoption at all-time high
Competitive Landscape
Product Price Install Renter OK
August Smart Lock $229 Replaces cylinder
Schlage Encode $249 Full replacement
Yale Assure $199 Full replacement
YKey $49 Clip-on, 30s
Primary Customer Segments
🎓
College students — dorms, off-campus housing
🏠
Urban renters — no-modification lease clauses
🏡
Airbnb / STR hosts — frictionless guest access
👨‍👩‍👧
Families — share with kids, caregivers, cleaners
On-Campus Validation

Lockouts at Yale are a daily reality.

We started where we live. Yale's 6,500 undergrads represent a dense, validated test market with a real, recurring problem.

68%
of students surveyed locked out at least once this year
2.4×
average lockout incidents per affected student per year
45min
average wait for Yale security or residential staff
$75
avg fee for off-hours re-entry or lost key replacement
The Real Cost of a Lockout
Lost productivity (1–3 hrs)$40–120
Emergency locksmith (off-hours)$75–200
Key replacement + re-cutting$15–40
Emotional stress & disruptionPriceless
Average annual cost per student$180+
YKey's Value Proposition at Yale
  • Yale undergrad TAM: 6,500 students
  • If 5% adopt → 325 units, $16,250 revenue
  • 10% adoption → 650 units, $32,500
  • Peer-to-peer viral effect — one user shares access, friend buys one
  • Campus distribution via student clubs & housing offices
Survey Results

100 people. Clear demand.

We surveyed 100 Yale students and urban renters ages 18–35 on access control pain points and purchase intent.

Q: How much would you pay for a Bluetooth door adapter that requires no installation and lets you share digital keys?
n=100 respondents, ages 18–35, renters / students
12%
Under
$25
31%
$25–$50
38%
$50–$75 ★
14%
$75–$100
5%
$100+

★ Largest segment willing to pay $50–75. Our $49 price point captures 83% of respondents.

78%
would buy if priced under $75
91%
have experienced key access frustration
84%
would share digital keys with others
67%
concerned about losing physical keys

Key finding: The $49 price point is validated as the optimal balance — capturing the maximum addressable buyer segment while maintaining healthy margins. Respondents cited "no installation required" and "key sharing" as the top two purchase drivers.

Pricing Strategy

Simple pricing. Impulse-buyable.

One product. One price. Low enough to buy without thinking — high enough to be profitable from day one.

BASIC ACCESS
$49
Hardware only
✓ YKey device
✓ Free iOS & Android app
✓ Unlimited manual unlocks
○ Share up to 2 keys
MOST POPULAR
$49
Hardware + Free app forever
✓ YKey device
✓ Free iOS & Android app
✓ Unlimited digital key sharing
✓ Time-limited access codes
✓ Access history log
FUTURE — PRO
$4.99/mo
SaaS subscription (planned)
✓ All base features
✓ Multi-device management
✓ Property manager dashboard
✓ Audit logs & analytics
$19
Bill of Materials (BOM)
$30
Gross profit per unit
61%
Gross margin (hardware)
Revenue Projections

Path to $2.5M ARR in 3 years.

Conservative bottom-up model based on campus penetration and urban renter expansion. Hardware first, SaaS later.

Alpha
40 units · Yale only
$2,000
Yr 1
500 units · 3 campuses
$24,500
Yr 2
5,000 units · Ivy League + NYC
$245,000
Yr 3
50,000 units · US-wide + SaaS
$2.5M
Assumptions
  • • $49 ASP (hardware)
  • • 61% gross margin hardware
  • • ~5% campus penetration Yr1
  • • $4.99/mo SaaS from Yr2
  • • 20% customers go SaaS
Go-To-Market
  • • Yale campus virality
  • • Ivy League student FB groups
  • • TikTok / Instagram demos
  • • Airbnb host forums
  • • Amazon & DTC storefront
Unit Economics (Yr2)
  • • BOM scales to ~$14 at 5k units
  • • Margin expands to 71%
  • • CAC target: <$12
  • • LTV via SaaS: ~$80+
  • • LTV:CAC ratio: 6.7×
Legal Analysis

100% legal. No gray area.

YKey is not a lock. It's an accessory — like a door knob cover or a hook. Here's exactly why we're clear.

Bottom line: We are not replacing the lock. We are adding an electronic servo on top of the handle — legally equivalent to adding a decorative lever wrap. No locksmith. No permit. No problem.

The Ask

We're raising $2,000

A single seed check to turn our working breadboard prototype into a polished, sellable product — ready for the Yale campus launch.

$2,000
Budget Breakdown
50× production-grade hardware units (BOM)$950
Injection mold / refined 3D printed housing$400
App polish + BLE firmware refinement$300
Packaging, branding materials$200
FCC/CE compliance filing$100
Total$1,950
What you get for $2k
  • 50 sellable units at $49 → $2,450 gross revenue
  • Full cost recovery on first batch
  • Real user feedback on Yale campus
  • Proof of demand for next fundraise
  • Working iOS + Android app
Milestones at $2k
M1Prototype → product-grade enclosure (4 weeks)
M250 units built & tested (6 weeks)
M3Yale campus launch — sell all 50 (8 weeks)
M4Revenue positive → raise Seed round

The future of access
is already built.

We have the hardware, the firmware, the market validation, and the team. We just need $2,000 to make it shippable. Let's unlock something together.

🎓 Yale University
🔵 Bluetooth 5.0 BLE
🛡️ Renter Legal
⚡ 30-second install

Anton Melnychuk · CEO & Founder

[email protected] getykey.com

"Never lose a key again. Never be locked out again. Never pay a locksmith again."