new venture team kevin shanahan jeong seo olivia hebert sangho han jeremy bragg
DESCRIPTION
New Venture Team Kevin Shanahan Jeong Seo Olivia Hebert Sangho Han Jeremy Bragg. Welcome to TIle. Where education stand today The problem The solution What is it?. A traditional educational system. Where we are today. Time to wake up!! Why Now????. - PowerPoint PPT PresentationTRANSCRIPT
New Venture TeamKevin ShanahanJeong SeoOlivia HebertSangho HanJeremy Bragg
WELCOME TO TILE• Where education stand today• The problem• The solution • What is it?
A TRADITIONAL EDUCATIONAL SYSTEM
• Where we are today.
• Time to wake up!!
• Why Now????
"We must invest in early education, raise academic standards, make college affordable, and do more to recruit and retain top-notch educators," - Education Secretary Arne Duncan
REDUCE, REUSE, RECYCLE
• How they do it.• How we do it
Waste Composition
REPLACE, REFINE, REVOLUTIONIZE
TILE INCORPORATED
TARGET MARKET
• Elementary School Aged Students
• Elementary Statistics• US: 67,140 (2009-2010 Census)* • TX: 4,001 (2010-2011 Census)* • Dallas ISD: 149 (2012-2013 Census)*
*Dallasisd,org, nces.ed.gov, texas_education.org
TARGET MARKET• Market Challenges: creating the need for the
product and changing the desire to learn this way.
• Market Segment: Demographic • Company’s potential: high – new technology is
developing therefore education and the style of learning needs to change with it.
COMPETITIVE ADVANTAGE• DIRECT COMPETITION
• Traditional Educational System
• THE TILE FILE
• STRATEGIC PARTNERSHIPS• Department of Education• E-Learning Developers (ie Fingerprint & Hopscotch)• Tutoring Centers (ie Sylvan & Huntington Learning Centers)• Microsoft/Samsung• (Tech Manufacture)
BUSINESS AND REVENUE MODEL
MARKETING PLAN• Direct Sales Representative
• Excellent Customer Service • Trade Shows and Educational Expos
• Ed Show in Dallas in March• Lottery Program (Trial run)• Promotional Video/Commercial
FINANCIAL PROJECTIONS
Assumptions• Price $9500/unit (based on comparable hardware and projected software costs) in
Years 1 and 2 then $10,450 years 3 and 4• COGS $7500 unit based on similar hardware and allocated salaries of
software/hardware engineers • Operational Expenses estimate the costs of hardware maintenance and software
support for 30 units in year 1, 100 units in year 2, 150 units in year 3 and 300 units in year 4 *(PAYG model for IT support)
FUNDING
Key Facts• Salaries based on industry averages for hardware designer, software
engineer and Web Master• $405,000 projects the cost to produce a prototype, not any units for sale• High first year accounting and legal costs consider applying for public school
accreditation • Future funding contingent on units (contractual model)
Salaries $200,000Accounting and Legal $50,000Research and Development $100,000Rent $25,000Marketing $30,000Total: $405,000
TIMELINE
SUMMARY
TILE
THE FLOOR IS NOW OPEN FOR QUESTIONS