No, I would not invest in this venture. While field trips an important part of education, they simply do not account for enough transactional time (and, therefore, market access) to warrant my investment. Secondly, I feel the Solution presented here does not adequately address the Pain Point that the CEO has described. While the increasing cost of running cultural centres does require attention for the respective stakeholders, I do not see how IncentivED could bring sustained benefit. Even if a group crowdsourced an experience, it does not encourage the participants to become sustaining contributors. The CEO has credibility as an educator, but I would be leery of investing in any project without a strong technology pathway laid out. I would also be concerned about the marketing challenges facing this project – even with full access to every teacher, the number of field trips taken in a given school year is too limited.
No, I would not invest in this venture….
By Joshua Elsdon on September 26, 2016