Patents by Inventor Michael Montero
Michael Montero has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Publication number: 20240295155Abstract: A high force stroker tool for integration within a wellbore string disposed along a wellbore defined within a subterranean reservoir is provided. The stroker tool includes a hydraulic anchor hydraulically operable to deploy slips securable to the wellbore and to define a mechanical brace, a shifting tool operatively coupled to the hydraulic anchor and comprising a mechanical anchor securable to a movable component, the shifting tool being mechanically operable to move the movable component; and an actuator coupled between the hydraulic anchor and the shifting tool, the actuator being hydraulically operable to brace against the mechanical brace and create a downhole mechanical force adapted to mechanically operate the shifting tool. A method of shifting downhole valve assemblies using the high force stroker tool is also provided.Type: ApplicationFiled: September 16, 2021Publication date: September 5, 2024Inventors: Michael WERRIES, Jonathan RAASCH, Juan MONTERO, Brock GILLIS
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Publication number: 20240257172Abstract: Systems and methods for a collaborative offer portal is provided. A proposed offer is received from a manufacturer, including an offer structure and a number of consumers they wish to target. Transaction logs of a retailer are accessed to determine an audience for the offer by calculating a return on investment (ROI) for the customer base using the retailer's records given the offer type. The consumers are then grouped by their ROI distribution, and the ROI for the deal is calculated based upon the offer size in light of this distribution. From the offer ROI a discount percentage to be paid by the retailer versus the merchant can be created. The retailer may then choose to accept the offer for deployment.Type: ApplicationFiled: April 14, 2024Publication date: August 1, 2024Inventors: Tony Ventrice, Michael Montero, Jamie Rapperport
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Patent number: 12014389Abstract: Systems and methods for a collaborative offer portal is provided. A proposed offer is received from a manufacturer, including an offer structure and a number of consumers they wish to target. Transaction logs of a retailer are accessed to determine an audience for the offer by calculating a return on investment (ROI) for the customer base using the retailer's records given the offer type. The consumers are then grouped by their ROI distribution, and the ROI for the deal is calculated based upon the offer size in light of this distribution. From the offer ROI a discount percentage to be paid by the retailer versus the merchant can be created. The retailer may then choose to accept the offer for deployment.Type: GrantFiled: March 12, 2023Date of Patent: June 18, 2024Assignee: MAPLEBEAR INC.Inventors: Tony Ventrice, Michael Montero, Jamie Rapperport
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Publication number: 20240193637Abstract: Systems and methods for scoring promotions are provided. A set of training offers are received, which include combinations of variable values. These combinations of variable values are converted into a vector value. The offers are paired and the vectors subtracted from one another, resulting in a pair vector. Metrics for the success of offers is collected, and are subtracted from one another for the paired offers to generate a raw score. This raw score is then normalized using the pair vector. The normalized scores are utilized to generate a model for the impact any variable value has on offer success, which may then be applied, using linear regression, to new offers to generate an expected level of success. The new scored offers are ranked and the top-ranked offers are selected for inclusion in a promotional campaign.Type: ApplicationFiled: February 21, 2024Publication date: June 13, 2024Inventor: Michael Montero
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Patent number: 11941659Abstract: Systems and methods for scoring promotions are provided. A set of training offers are received, which include combinations of variable values. These combinations of variable values are converted into a vector value. The offers are paired and the vectors subtracted from one another, resulting in a pair vector. Metrics for the success of offers is collected, and are subtracted from one another for the paired offers to generate a raw score. This raw score is then normalized using the pair vector. The normalized scores are utilized to generate a model for the impact any variable value has on offer success, which may then be applied, using linear regression, to new offers to generate an expected level of success. The new scored offers are ranked and the top-ranked offers are selected for inclusion in a promotional campaign.Type: GrantFiled: April 4, 2023Date of Patent: March 26, 2024Assignee: MAPLEBEAR INC.Inventor: Michael Montero
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Patent number: 11734711Abstract: Systems and methods for scoring promotions are provided. A set of training offers are received, which include combinations of variable values. These combinations of variable values are converted into a vector value. The offers are paired and the vectors subtracted from one another, resulting in a pair vector. Metrics for the success of offers is collected, and are subtracted from one another for the paired offers to generate a raw score. This raw score is then normalized using the pair vector. The normalized scores are utilized to generate a model for the impact any variable value has on offer success, which may then be applied, using linear regression, to new offers to generate an expected level of success. The new scored offers are ranked and the top-ranked offers are selected for inclusion in a promotional campaign.Type: GrantFiled: April 26, 2021Date of Patent: August 22, 2023Assignee: Eversight, Inc.Inventor: Michael Montero
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Publication number: 20230245164Abstract: Systems and methods for scoring promotions are provided. A set of training offers are received, which include combinations of variable values. These combinations of variable values are converted into a vector value. The offers are paired and the vectors subtracted from one another, resulting in a pair vector. Metrics for the success of offers is collected, and are subtracted from one another for the paired offers to generate a raw score. This raw score is then normalized using the pair vector. The normalized scores are utilized to generate a model for the impact any variable value has on offer success, which may then be applied, using linear regression, to new offers to generate an expected level of success. The new scored offers are ranked and the top-ranked offers are selected for inclusion in a promotional campaign.Type: ApplicationFiled: April 4, 2023Publication date: August 3, 2023Inventor: Michael Montero
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Patent number: 11699167Abstract: Systems and methods for the selection of the promotions are provided. A set of possible offers are initially received, each including a set of variables, with each variable having a set of possible values. These form a combination of variable values for each offer. A heuristic is applied to all possible offers to reduce the number of offers being considered. The combination of variable values for these reduced number offers is converted into a vector value, which is then scored, ranked and the top ranked offers are selected for inclusion in a promotional campaign. The remaining offers are then analyzed to select additional offers to include into the promotional campaign which maximizing a determinant for the selected offers using their vectors. All selected offers are administer in a promotional test campaign across many consumer segments. Feedback from the campaign may be collected to generate a “general” offer.Type: GrantFiled: February 5, 2022Date of Patent: July 11, 2023Assignee: MAPLEBEAR INC.Inventor: Michael Montero
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Publication number: 20230214865Abstract: Systems and methods for a collaborative offer portal is provided. A proposed offer is received from a manufacturer, including an offer structure and a number of consumers they wish to target. Transaction logs of a retailer are accessed to determine an audience for the offer by calculating a return on investment (ROI) for the customer base using the retailer's records given the offer type. The consumers are then grouped by their ROI distribution, and the ROI for the deal is calculated based upon the offer size in light of this distribution. From the offer ROI a discount percentage to be paid by the retailer versus the merchant can be created. The retailer may then choose to accept the offer for deployment.Type: ApplicationFiled: March 12, 2023Publication date: July 6, 2023Inventors: Tony Ventrice, Michael Montero, Jamie Rapperport
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Publication number: 20230133390Abstract: Systems and methods for optimizing base pricing of products within a physical retailer are provided. Such systems and methods include first collecting transaction logs for products in a set of physical retail spaces. These logs are validated, adjusted and elasticities between the products are computed. The adjustment may be responsive to the day, by retailer and by a host of external factors (e.g., weather). The adjustment may also include a normalization and filtering out of inaccurate log data. Elasticity is calculated by machine learning models. A set of constraints are then received and used, along with the elasticities to compute the optimal prices for deployment in retailers for further testing.Type: ApplicationFiled: December 31, 2022Publication date: May 4, 2023Inventors: Michael Montero, Jamie Eldredge, Daniel Gibson, David Moran, Jamie Rapperport
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Patent number: 11636504Abstract: Systems and methods for a collaborative offer portal is provided. A proposed offer is received from a manufacturer, including an offer structure and a number of consumers they wish to target. Transaction logs of a retailer are accessed to determine an audience for the offer by calculating a return on investment (ROI) for the customer base using the retailer's records given the offer type. The consumers are then grouped by their ROI distribution, and the ROI for the deal is calculated based upon the offer size in light of this distribution. From the offer ROI a discount percentage to be paid by the retailer versus the merchant can be created. The retailer may then choose to accept the offer for deployment.Type: GrantFiled: January 26, 2022Date of Patent: April 25, 2023Assignee: Eversight, Inc.Inventors: Tony Ventrice, Michael Montero, Jamie Rapperport
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Publication number: 20220245668Abstract: Methods and apparatus for generating intelligent offers with base prices are provided. In one embodiment, a promotion generator receives a current product base price, and also receives or calculates a remaining promotional program budget, a remaining promotional program duration, and a minimum discounted price for the product using the current product base price and any available previous base price data for the promoted product, creating or updating a predictive model of future product base prices.Type: ApplicationFiled: February 18, 2022Publication date: August 4, 2022Inventors: Jamie Rapperport, Michael Montero, David Moran
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Publication number: 20220237643Abstract: Systems and methods for the efficient generation and testing of promotions within a load to card environment are provided. A load-to-card abstraction layer collects store, user and offer data. The test promotions are then generated to span a design space of an offer. The user base is segmented and the test promotions are applied. The promotions include an offer, and the ability to load the offer for later redemption (load-to-card). Redemption and load rates are measured, and can be used individually, or in combination, to gauge consumer engagement with the promotion. Promotions with low consumer engagement may be discontinued, until only optimally performing promotions are remaining.Type: ApplicationFiled: February 11, 2022Publication date: July 28, 2022Inventors: Michael Montero, David Moran
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Publication number: 20220230201Abstract: Systems and methods for the selection of the promotions are provided. A set of possible offers are initially received, each including a set of variables, with each variable having a set of possible values. These form a combination of variable values for each offer. A heuristic is applied to all possible offers to reduce the number of offers being considered. The combination of variable values for these reduced number offers is converted into a vector value, which is then scored, ranked and the top ranked offers are selected for inclusion in a promotional campaign. The remaining offers are then analyzed to select additional offers to include into the promotional campaign which maximizing a determinant for the selected offers using their vectors. All selected offers are administer in a promotional test campaign across many consumer segments. Feedback from the campaign may be collected to generate a “general” offer.Type: ApplicationFiled: February 5, 2022Publication date: July 21, 2022Inventor: Michael Montero
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Publication number: 20220215415Abstract: Systems and methods for a collaborative offer portal is provided. A proposed offer is received from a manufacturer, including an offer structure and a number of consumers they wish to target. Transaction logs of a retailer are accessed to determine an audience for the offer by calculating a return on investment (ROI) for the customer base using the retailer's records given the offer type. The consumers are then grouped by their ROI distribution, and the ROI for the deal is calculated based upon the offer size in light of this distribution. From the offer ROI a discount percentage to be paid by the retailer versus the merchant can be created. The retailer may then choose to accept the offer for deployment.Type: ApplicationFiled: January 26, 2022Publication date: July 7, 2022Inventors: Tony Ventrice, Michael Montero, Jamie Rapperport
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Patent number: 11288698Abstract: Methods and apparatus for generating intelligent offers with base prices are provided. In one embodiment, a promotion generator receives a current product base price, and also receives or calculates a remaining promotional program budget, a remaining promotional program duration, and a minimum discounted price for the product using the current product base price and any available previous base price data for the promoted product, creating or updating a predictive model of future product base prices.Type: GrantFiled: May 2, 2018Date of Patent: March 29, 2022Assignee: EVERSIGHT, INC.Inventors: Jamie Rapperport, Michael Montero, David Moran
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Patent number: 11288696Abstract: Systems and methods for the efficient generation and testing of promotions within a load to card environment are provided. A load-to-card abstraction layer collects store, user and offer data. The test promotions are then generated to span a design space of an offer. The user base is segmented and the test promotions are applied. The promotions include an offer, and the ability to load the offer for later redemption (load-to-card). Redemption and load rates are measured, and can be used individually, or in combination, to gauge consumer engagement with the promotion. Promotions with low consumer engagement may be discontinued, until only optimally performing promotions are remaining.Type: GrantFiled: September 21, 2017Date of Patent: March 29, 2022Assignee: EVERSIGHT, INC.Inventors: Michael Montero, David Moran
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Patent number: 11270325Abstract: Systems and methods for a collaborative offer portal is provided. A proposed offer is received from a manufacturer, including an offer structure and a number of consumers they wish to target. Transaction logs of a retailer are accessed to determine an audience for the offer by calculating a return on investment (ROI) for the customer base using the retailer's records given the offer type. The consumers are then grouped by their ROI distribution, and the ROI for the deal is calculated based upon the offer size in light of this distribution. From the offer ROI a discount percentage to be paid by the retailer versus the merchant can be created. The retailer may then choose to accept the offer for deployment.Type: GrantFiled: December 11, 2018Date of Patent: March 8, 2022Assignee: Eversight, Inc.Inventors: Tony Ventrice, Michael Montero, Jamie Rapperport
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Publication number: 20210319472Abstract: Systems and methods for scoring promotions are provided. A set of training offers are received, which include combinations of variable values. These combinations of variable values are converted into a vector value. The offers are paired and the vectors subtracted from one another, resulting in a pair vector. Metrics for the success of offers is collected, and are subtracted from one another for the paired offers to generate a raw score. This raw score is then normalized using the pair vector. The normalized scores are utilized to generate a model for the impact any variable value has on offer success, which may then be applied, using linear regression, to new offers to generate an expected level of success. The new scored offers are ranked and the top-ranked offers are selected for inclusion in a promotional campaign.Type: ApplicationFiled: April 26, 2021Publication date: October 14, 2021Inventor: Michael Montero
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Publication number: 20210312494Abstract: Systems and methods for the selection of the promotions are provided. A set of possible offers are initially received, each including a set of variables, with each variable having a set of possible values. These form a combination of variable values for each offer. A heuristic is applied to all possible offers to reduce the number of offers being considered. The combination of variable values for these reduced number offers is converted into a vector value, which is then scored, ranked and the top ranked offers are selected for inclusion in a promotional campaign. The remaining offers are then analyzed to select additional offers to include into the promotional campaign which maximizing a determinant for the selected offers using their vectors. All selected offers are administer in a promotional test campaign across many consumer segments. Feedback from the campaign may be collected to generate a “general” offer.Type: ApplicationFiled: April 19, 2021Publication date: October 7, 2021Inventor: Michael Montero