FEEDBACK: You did a good job explaining…

FEEDBACK: You did a good job explaining your idea and venture rationale behind. I believe in appeal of your idea and product and monetizing potential through advertising, though you did not clearly specify which kinds of advertising would naturally fit and work within your app. Over advertising may simply repel serious people/potential buyers and customers, which is a case and the biggest problem of the mobile app development industry. You may consider in-app-purchase of advanced features, and give people a choice, not bombard them with advertisements. I see usefulness of your buddy app for language learners and travelers who find themselves in need to communicate with people who speak their languages, and who would readily pay a few bucks for fully functioning version. That is your chance, together with meaningful advertising that may appeal helpful to people, to launch this venture and make it profitable. On the ask side, the amount you ask is too small, why did not you project the development in a few phases and ask at least 100K and offer 30% of your company. That would be more appealing to investors, otherwise they think why don’t you take $20k a line of credit and take off. I hope that these suggestions are helpful to you to better prepare your venture for take off. Regards, Milorad.