vaultstart
TRANSCRIPT
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Do I enter China,
Malaysia or Indonesia ?
Should I introduce a new range
of products ?
How do I compare with
my competitors in terms of
productivity and service level ?
How can I expand my
sales channel ?
What is the best way to get funding for my new
ideas ?
Is my business
plan sound ?
Why ?
Entrepreneur/SME
Mission : A platform that helps SMEs, and nascent entrepreneurs
to overcome business challenges, affirm business ideas, refine/elevate
business concepts by facilitating access to a BROAD POOL of collective experience, intelligence and solution with EASE and GOOD
VALUE
Cultivate growth of SMEs and Encourage
Innovation and Entrepreneurship
in Singapore
4Note : (1) SMEs defined as 0-200 employees for non manufacturing sector; < S$15M in net fixed asset for manufacturing sector
Business Overview
Ideas
Solutions
Improvements
Business Challenges
Target Customers
Entrepreneur
Target Customers
Experts
Professionals
Crowd
VAULTSTART
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Attractiveness to Nascent Entrepreneurs and SMEsLow High
Breadth or Depth of Advice
Low
High
vaultstart
Market Analysis
GLG Research
McKinsey/ BCG
IE Singapore Consulting
Differentiating Factors
• Broadest Pool of Talent
• Better match of demand and supply through Tiered structure
• Attractive Value
• Ease of Use
Way too expensive
Offer mostly basic market
research
Only offer Expert Advice
MindSumo
Kaggle
Quora
SMEAMI
High Table
• Very focused
• Beta stage
• Single service offering
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Business Model
Professional Solutioning
Project Brief
• Project Brief with Budget • Professionals Bid• Pay for Listing and Closing of Project
Crowd Solutioning
• Pose Challenges• Best solutions win prize• Collect Credits• Forum for Discussion• Sticky Threads
Expert Solutioning
• Database of Expert CVs • Dial in & pay $/hour
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Financials – Breakeven at Y2
Total Market• 160,000 SMEs• 142,000 Nascent
Entrepreneurs (NE)*
Addressable Market1. Crowd Advisory
• 50% SMEs, 50% NEs2. Professional Advisory
• 10% SMEs, 5% NEs3. Expert Advisory
• 5% SMEs, 1% NEs
Note : (*) Nascent Entrepreneurs at 3.8% of age 15- 64 of Singapore population @ 3,753,632
YOY Share of Addressable Market
• Y1 – 5%• Y2 – 20%• Y3 – 30%• Y4 – 50%• Y5 – 70%
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2640
754632574
463331
0
200
400
600
800
1000
1200
1400
1600
1800
2000
2200
2400
2600
2800
Y5
Y4
1886
Y3
1131
Y2
Y1
224189
CostRevenue
Financials – Breakeven at Y2
Revenue and Cost (‘000)
Year3
423
668
1,312
2,009
Total Market• 160,000 SMEs• 142,000 Nascent
Entrepreneurs (NE)*
Addressable Market1. Crowd Advisory
• 50% SMEs, 50% NEs2. Professional Advisory
• 10% SMEs, 5% NEs3. Expert Advisory
• 5% SMEs, 1% NEs
Note : (*) Nascent Entrepreneurs at 3.8% of age 15- 64 of Singapore population @ 3,753,632
YOY Share of Addressable Market
• Y1 – 5%• Y2 – 20%• Y3 – 30%• Y4 – 50%• Y5 – 70%
(316)
Initial Capital Injection @ $250,000
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From Singapore to ASEAN
Y5 - $2M earnings
Year x$1,500M Potential earnings
ASEAN has much lower number of patent per
population than rest of Asia
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Next Steps
• Seek start up capital• Hire CTO & CMO• Start to build relationship with both
groups of customers – SMEs & Entrepreneurs– Experts/Professionals
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Summary
• Meets the needs of Singapore – Spot On
• Financial Viability – Breakeven in Y2
• Scalability – from Singapore to ASEAN
• Innovativeness – Unique in market
• Pitch presentation – You be the judge
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• Incorporate existing SME location – build community
• Build activity database - allows business matching and industry reporting
• Background check - Expert can check on questions from specific industry and background of SME
• SME can alert job matching
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DataSets Used
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Popular Questions
VaultStart
EXPERT SOLUTIONSPOST CHALLENGES HOW IT WORKSOFFER A SOLUTION
What is the best way to get funding for my idea? Prize: S$200 (3 Stars rating required)
Welcome to Crowd Solutioning..(Free to post solutions)