nidalk

Hi everyone and thank you for the comments. This is a real product that I have been working on for the last three years. It will be released next month. If you are interested please visit our website: http://www.kalboard360.com

Hi Chrwad The elevator pitch is clear. You sound energetic. The problem you are solving is clearly stated. I want to know more. In the venture pitch I like how in a smart way you are able to offer a customizable yet scalable approach for online courses. There is a clear breakdown to the business model. Yet ROI is not realistic. I think this is due to the fact that you measured ROI from Revenue yet ROI is measured on Net Profit on investment. You need to include the expenses before you measure ROI. Also you will face challenges in accreditations and you will need time to build the reputation so you cannot expect to generate the mentioned revenue from the first year. I think you need to consult with a financial expert on putting together the financial projections.

Hi Chris The elevator pitch is clear. Yet the idea is not new. This is a digital book-authoring tool and there are many out there such as ibooks author from apple. I would not go beyond this video because I am not interested as an investor. The venture pitch still does not show how this is different from the common digital book-authoring tools. Now HTML5 is being used for this to make it BYOD. For the reporting part it is an added value but also is available at other brands such as “Activelylearn”. There is no numbers and predictions. How many users will you have in the coming years?

Hi Bruno The elevator pitch is longer than 1 min. The problem that you are solving is clearly stated and the business model is also well illustrated. The venture pitch makes it clear for the investor to understand what the product is about. The idea is great and one contract with the government can sustain the company for a long period. This is a niche market and competition is low. You can sell this service through educational platforms such as Edmodo. I love how you know the market and the competition. The team working on this product is suitable to build the entire product properly. My only concern is on the return on investment and the money you are generating. I would suggest that you ask for a larger amount of money. You can do that by stating that your company is a global company. Investors are taking risks for high profits. You already have a proof of concept and the company is making money. I would ask for a much larger amount such as 500,000.00 USD and make it a global company with millions of dollars in forecasted sales.

Hi Brendan I loved the elevator pitch even though I have little knowledge in your field. It is clear what you are working on. The venture pitch is also detailed and rich with statistics. My only concern is that you are targeting the wrong purchaser. I would recommend that you approach the content authors such as Person, Cambridge…etc. I think if you offer your product with an SDK to allow educational content developer to integrate it within their authoring it will allow you to scale faster and make money.

Hi Bobbi The elevator pitch is clear and strait to the point. I would want to see you and your face expressions in order to reflect the passion in the idea. The venture pitch is clear and designed with investors in mind. I would want to know a little more about the technology. Is it GSM, RF, Bluetooth…etc.? I also like the fact that you thought of applying it into different markets. I like the idea but I have little experience in wearable technology. My fear is that other wearable technologies that include GSM such as the SAMSUNG bracelet can have your feature as an app. This will be a challenge to get people to buy your hardware for one feature even though they can by a product that can include several features at the same time.

Hi Ashley, I loved the elevator pitch. It is good that you put your picture. I also think the idea is great. You exceeded the 1 min limit though. I like the statistics and how you clearly explained what do you expect from the investor. The venture pitch highlighted the problem in a very clear manner. The statistics show how large of a market there is for this app. The marketing plan needs to be a digital one rather than being an offline marketing plan (My suggestion). For competition I suggest you check an app called: lextTalk. I like the business model but I think you need more than 20k USD in investment. You have expenses for cloud computing specially when you start getting traffic on the app. You need to pay developers a salary and you definitely need a marketing expense. I recommend asking for 200,000.00 USD and offer the investor 30%-40%. I do not recommend mentioning how much is the company worth at this stage. A venture Investor wants to take a risk and he will estimate the worth of the company from his own perspective. I love the Buddy-branded apps - StudyBuddy, CoffeeBuddy, BikingBuddy, MovieBuddy, etc. This can be the differentiator of your app. I would do the coffeebuddy app first and move from there. You also can make money on selling the statistics gathered from your app. Many organizations are willing to pay for such resources.

Hi Anne I was hoping to see a video for the elevator pitch! It is very important to see you talk about the project in order to see how much you believe in it. The pain point is clearly stated. I did not understand how E-kuest includes all five academic areas of study? How is material uploaded? Is it only a question-based game? How is this going to generate money and what investment is required? The team has no experience in game development (programming and GUI) but are very experienced in education technology. How long does it take to build this project? What resources are required? None of the competitors are mentioned. This is important to illustrate your deep understanding of the market and the competition. It is nice that you highlighted the targeted markets.

Hi Aaron The elevator pitch is clear yet you exceeded the 1 min limit. I got confused on how is the solution different from Edmodo and similar products in the market that look like facebook but for education (also Yammer.com). It is good that you mentioned how much money you need. After reading the venture pitch I found out that the product is not exactly like Edmodo and facebook. But an investor may stop at the elevator pitch simply by making this false assumption. The venture pitch is smoothly outlined. Yet the team has no experience in educational games or software development in the field of video games. I definitely find the value proposition clear and important. K-12 teachers are using different apps to engage students yet due to their inconsistency it is becoming a burden on the students. It is nice that the software will support all platforms of mobile devices making it a BYOD product. The competitors are not Moodle, Blackboard or Edmodo. The main competitors are Canvas, SmartTechnologies, Netop, Netsupport, LanSchool. The are all classroom management softwares that can integrate in a way or another with an LMS using API (which has its limitations). The product seems extremely big. Having social environment similar to edmodo and a classroom response system similar to LanSchool and an LMS similar to moodle or blackboard. This definitely requires a large investment. Is there a plan to do it on phases? The 250K USD will not cover the cost of such product that requires more than a year to develop. I need more info on the business model. What is the selling price? How are you planning to sell it? You mentioned the end-user but not the purchaser characteristics and geographical info. What is the return on investment and when will this return occur?

No. He does not explain how? how is he going to do that?