The name of my venture is called GloballyRED, which is a peer-editing service initially aimed at post-graduate students. This venture connects students to other enrolled students on a global level to offer peer-editing and feedback. GloballyRED can be implemented with any existing learning management system.
Take a look at my elevator pitch. It is meant to be simple in design, focusing on the goals and services that can be provided.
You can also find my venture attached to this post. The venture is meant to be easily sent as a memo in an e-mail file. globallyred-laila-andreucci
Looking forward to reviewing many of these exciting ventures!
I have been thinking about this assignment since I have submitted it, and I think I faced similar problems with this one as I did for A3. As opposed to focusing on this as a venture, I more focused on this as a sales pitch for a specific product as opposed to securing funding to advance the current state of the product/company. I am noticing that I still have difficulty trying to move away from the idea of selling one product to a potential consumer. Looking at this in hindsight, and after thinking about this a few times a day I can see areas that would need great improvement.
While this is a shell to start, I could explain and advance the ways that GloballyRED can be implemented and used on a larger scale, and discuss how increased funding can increase the network of partner schools, increase the amount of jobs available, and train specialists to go into the locations to train on site experts. I could explain further how additional funding could increase international interest and bring connections to developing nations. With increased support, a non-profit side can be established to help break down barriers to education and aid in the global spread of education.
I keep thinking about what I should change, and how I can augment it to more fit the lines of a conventional venture, as opposed to the product that I was selling. I think the idea of having access to a global peer review system can be beneficial, but also I am acknowledging the drawbacks – there is no accountability in the way that people reviewing can be “punished” for providing wrong or incorrect information, and also there is the fear of plagiarism. Students at many elite universities, and depending on the program are competitive and sharing ideas is not the most easily welcomed event. For me, this is a type of service/product that I would find increasingly valuable but in the real world, I am not sure if this would work on a large scale. I think it might provide some novelty during the first few months of implementation but maybe not long term. Most new additions are great in the short term, but will need extensive marketing and support from instructors and users.
If I could do this over, I would try and think of ways to ask for funding to change and expand the product, not just funding to implement the product. As I mentioned above, I keep falling back into the trap of trying to tell one item as opposed to advancing, changing, augmenting.