tofi jan 26, 2015 revenue model: nawab
TRANSCRIPT
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Presenter: Ali Nawab Role: Founder and CEO !Contact: [email protected] Mobile: +1 647 462 8339
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!
Does an early stage company really need a revenue model?
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“A startup is a human institution designed to create a new product or service under
conditions of extreme uncertainty.”
“What if we found ourselves building something that nobody wanted?”
Eric Ries - Lean Startup
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Types of Revenue Models
Unit Sales Licensing + Royalty
Subscription Ads
Freemium Transaction Fees
Data Sales
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Examples
Scale?
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Revenue Models in Wearable Technology
Device PlatformDeveloper Tools
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Unit 30$ - 100$ / Device
Pilot$5,000 - $25,000 / customer Devices Near or at cost
Licensing / Royalty
Licensing
B2B
Freemium
Developers
10,000 API Calls 1 private algorithm
$2000/month 5 private algorithms on 3 devices
Pilot Free Trial Monthly Subscription
Per User Per Device: Industry Benchmarks 1-3% of Net Sales
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Presenter: Ali Nawab Role: Founder and CEO !Contact: [email protected] Mobile: +1 647 462 8339