Great job on the elevator/venture pitch. I really like that your elevator pitch took place in an elevator. I think it was really smart to tap into location based technology – it is a growing market that I think will see a lot of ventures in the near future. However I am not clear on the business model. The app is free to use so all the revenue would have to come from advertising. You have put a valuation of 10 million dollars on the company but I have not really seen proof of concept. Ultimately, I am not clear on how I, as an investor would get my money back. I think it may be worthwhile to focus more on the educational/learning aspect versus the merchandise sales aspect. I think with a bit of finesse you would have a great product on your hands, but at this time I would not invest.
Hi Joshua, Great job on the elevator/ven…
By Colleen Huck on December 4, 2016