NYU MS in Integrated Marketing Capstone Project, Spring 2017
Business name: Old Rebel Society
The unmet need: The untapped resource and the specific barriers
Mission: Our Mission: Provide equal entrepreneurial opportunities for people ages 55+
Business model: Virtual business incubator + Crowdfunding Platform
GTM strategy
P&L projection
2. 2
Our Mission: Provide equal entrepreneurial opportunities for people ages 55+
The unmet need: The untapped resource and the specific barriers
Business model: Virtual business incubator + Crowdfunding Platform
GTM strategy: We focus on “by seniors, for seniors”community building- bringing
aging entrepreneurs and supporters into one place
P&L projection: Business breaks even in the 2nd year and projects a net profit of
$142,705 in the 3rd year
If not them, who?
OLD REBE LS
3. 3
Aging U.S. population and large group of prospective
entrepreneurs in ages 55+ cohort
intend to start a business
15% Ages 55+
(Source: Global Entrepreneurship
Monitor, United State Report
2011)
OLD REBE LS
25%
Older workers ages 55+ will account for
of the US workforce by 2020
(Source: Stanford Center on
Longevity, 2013)
4. 4
The unmet need-
Lack of funding opportunities and lower technological
skills are major barriers facing older entrepreneurs
Less tech-
savvy
Financing
needs
Lack of
social
support
(Source: Senior Entrepreneurship
-The New normal)
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52% delay launching
ventures due to
financial insecurity; 47%
believe they cannot get
adequate financing
(Source: MetLife Foundation)
5. 5
Targeting entrepreneurs ages 55+ who need help
with business planning and financing
13 M
Total available market
(Source: GEM+MetLife Foundation+SBA)
300 K
intend to start businesses
Need business training
Estimated serviceable market
1250 senior
entrepreneurs
Share of market in 3 years (0.4%)
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1/5 Need 100K+ financing
6. 6
Our mission is to help older entrepreneurs get the support they
need to start the next chapter of life in a successful business
OLD REBE LS
EMPOWER ● IDEA ● CONNECT
7. Using the internet to bread senior entrepreneurship and
crowdfunding as an alternative financing
Strength
Threats
Opportunities
Weaknesses
S-O strategy W-O strategy
S-T strategy W-T strategy
• Technology and people
• Brand identity
• Boomers are frequent Internet
users
• Crowdfunding popularity
• Limited engagement
• Capital raising uncertainty
• Competition from free
resources
• Bias against ageism
• Leverage technology
and networking
• Screening process
• Promote senior
entrepreneurship
• Senior-oriented service
• Quality mentorship
• Assisted crowdfunding
• From idea to financing
• Startup community for
boomers
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8. 8
Old Rebel Society is the only virtual incubator combined
with crowdfunding built specifically for older entrepreneurs
Who do we
target?
How are we
different?
Entrepreneurs
ages 55+
The only ”for
seniors by
seniors”
What do we
promise?
Virtual incubator
Community
Crowdfunding
Why should you
believe us?
Helps you turn your
passion/idea into
viable business
What’s in it
for you?
A great career
in old age
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9. 9
3 seasons a year- each business goes under 3 months
Incubation and 1 month crowdfunding
Screening Virtual business incubator Crowdfunding
Development Funding
Funding goal
reached
Idea Selection
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New business
proposal
3 months 1 month1 month
10. OLD REBEL S SOCIE TY About us Service Blog Contact us Old Rebel Log In
Your business journey starts here
Don’t let age stops you from anything
Find out more
Mentors Business
support
Virtual
Community
Crowdfunding
8-hour business
consulting
E-lectures &
business
planning
support
Online forum &
E-conference
Campaign
management
& marketing
11. 11
A comprehensive entrepreneurial package at an average
incubator program fee and slightly higher commission fee
Targeting age 50+
Business mentorship
Business development
Access to business
networks
Access to financing
Encore business
advisor
$1500-3000
Crowd Supply
5-15% success fee
$1200
Target age 50+
Business mentorship
Business development
Access to business
networks
Crowdfunding assistance
Targeting 50+
Business mentorship
Business incubator
Crowdfunding assistance
10% success fee
OL D REB EL S SOC IE TY
12. 12
Incubator operates on 20% of the fee
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Mentor hourly
rate $80
8 hours mentorship
$100x 8 hrs
($800)
$1200
Screening
Consultant
$200 per
screening project
13. 13
We receive a 10% commission fee when we help a
business reach funding goal successfully
10%
90%
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14. 14
Launch strategy- focus on awareness and relationship
building 4 months before launch
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Startup Grind
Feb 2018 Silicon Valley, CA
1000+
EVENTS
01
THOUGHT LEADERS
02
CONTEST
03
LAUNCH DAY
04Elizabeth Isele, CEO of GIEE
savvyseniorworks.com
10 entrepreneurs will be
chosen to participate in the
first incubator program for
free
Live webinar-
Guest speaker
Announcement of the
15. 15
Three promotional seasons during the year, starting 2 months
before incubator and lasts until one month post-crowdfunding
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2 months
before
incubator
1 month
before
incubator
Incubation/
Pre-
crowdfunding
Crowdfunding
Post-
crowdfunding
Create
awareness
among
entrepreneurs
Solicit new
business
proposals
Create
awareness
among
supporters
Maximize/
solicit funding
Maintaining
relationship/
word-of-mouth
16. 16
Awareness accounts for 67% of 1st year’s marketing budget
67%
14%
8%
Awareness
Acquisition
Retention
• Print ad
• Radio advertising
• Podcast
• Paid ad- Social media,
AARP
• SEM, Blog
• Email marketing
• Networking events
• Webinar hosting
• CRM
1st year
2nd year
3rd year
0 0.3 0.6 0.9 1.2
3-year total
marketing
budget:
$409,000
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17. 17
Awareness building- AARP advertisement and podcast
OLD REBE LS
Regional: CA
Reach: 2 M
6 issues / yr
☒
☒
OLD REBELS
18. 18
We are a young team with passion for senior empowerment.
We facilitate training and mobilize resources for entrepreneurs
Avril Chang
Founder
Crowdfunding campaign
management
Tommy Ho
Co-Founder
Mentor recruitment
Network development
Tzu Lin
Co-Founder
Incubator management,
senior psychology expert
OLD REBE LS
19. 19
88% of revenue comes from crowdfunding success fee
New business
proposal
Business in
incubator
CF
success rate
Business
funded
INB sales
($1,200)
CF sales
(25K)
Year 1 300 30 30% 9 36,000 225,000
Year 2 450 45 35% 15 54,000 375,000
Year 3 600 60 40% 24 72,000 600,000
Key crowdfunding assumptions:
• Avg. amount raised: 250K
• commission per success: 10%
• success fee per business: 25K
OLD REBE LS
88%
12%Three Year revenue projection
Incubator 162,000
Crowdfunding 1,200,000
Total 1,362,000
10%
21. 21
If not now, when?
Our goal in 3 years: Train at least 135 entrepreneurs and help 48 businesses get
funding
The opportunity: Senior entrepreneurship is the silver lining
Sales projection: $1,362,000, 88% come from crowdfunding commission fee
P&L projection: Business breaks even in the beginning of 2nd year
Capital requirement: $174K for startup cost and to cover operating expenses for
a six-month period.
OLD REBE LS