Aprendi pitch deck-3min-v03

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Aprendi pitch deck-3min-v03

  1. 1. Build. Teach. Learn.<br />
  2. 2. The Team<br />Michael Burk, Founder & CEO<br />7+ years experience in online learning as professor, TA, student, and producer at several universities<br />Product Management BG: MySpace, NBC, Fox<br />Austin Rappa, Founder & CTO<br />Lead Dev Architect, Symantec Corporation<br />Dr. Daniel Bernardi, Advisor<br />Tenured Professor at Arizona State University and former Director of Film & Media Studies<br />10+ years experience in online education<br />
  3. 3. Higher Ed at a Crossroads<br />Budgets shrink while students cannot get classes they need to graduate<br />Per-student spend down 17%<br />Six-year graduation rate = 53% in 2009<br />Demand for online is up, innovation is stale<br />25% of all undergraduates take an online class<br />Why don’t students have access to all of the best classes in the world?<br />
  4. 4. Our Solution<br />
  5. 5. Revolutionize Higher Education<br />Open University Network<br />Creates common standard for online classes<br />Full degree program planning<br />Flexible access for international students<br />Shouldn’t the best students & professors in the world be part of the same classroom?<br />
  6. 6. Revenue Model<br />Revenue Sources<br />Initial Setup Fees & Ongoing Licenses<br />Educational Consulting<br />Affiliate Revenue<br />Projections show cash flow positive in approx. 8-12 months (3-4 pilot programs)<br />
  7. 7. Where We Are &Where We’re Going<br />ASU Film & Media Studies signed on to produce 20+ classes in 2010-11<br />Pitching Minimum Viable Product to universities for Winter 2010 session<br />$25,000 - $50,000 for 5-10 fully-online classes generating ROI in 1stsemester<br />
  8. 8. Current Needs<br />$300,000 - $500,000 Convertible Debt<br />Reduce time-to-market for university product<br />Key engineering & sales hires<br />12-18 months operating expenses<br />Series A fundraising in 18-24 months<br />Fund international sales effort to drive open university enrollment<br />Further tech development & file initial patents<br />
  9. 9. THANK YOU<br />
  10. 10. Appendix<br />
  11. 11. Competition<br />Crowded, yet fragmented online learning market<br />High Costs & Lack of Standards<br />Aprendi Competitive Advantages<br />Cost-effective content creation tools; low switching cost<br />Open University Network for scalable course distribution<br />Effective course interface that makes standardization easy<br />
  12. 12. Exit Strategy<br />Educational Companies<br />Blackboard, Pearson, Kaplan, Apollo Group (UoP)<br />Creative Partnerships<br />Google, Apple, Microsoft<br />IPO<br />Defensible niche in emerging international market<br />Financial model shows $21 million EBITDA in Year 4<br />

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