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FinderBase at Boot camp

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The final business description of FinderBase.com on the AaltoES Boot camp.

Published in: Technology
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FinderBase at Boot camp

  1. 1. FinderBase.COM Business concept description
  2. 2. Idea !? ● FinderBase.com will irreversibly change the way people consider lost & found belongings. ● FinderBase.com will pursue the concept of greater good. It will make people understand the value of helping one another. ● Not only will this concept directly help society, it will increase trust between people.
  3. 3. Customer ● Person who receives back what is precious to them. → will recommend us forward ● Person who can help someone else get their items back. → will gain the pleasure of helping
  4. 4. Problem ● Society has made doing the right thing complicated and expensive. ● All people lose and find stuff. ● The current mechanism is so inefficient that only a revolution can change it.
  5. 5. Solution ● FinderBase.com decentralizes the responsibility of helping. ● We provide information for free to help people do the right thing. ● We make it easy and free to help and cost- efficient to ask for help. ● We're not making a product or a service, we're making a social revolution.
  6. 6. Team ● We're a team of eight – not smart and not experienced – but ridiculously passionate. ● Our idea is not unique but previous tries have lacked the outlook on the greater societal good. ● Our team has the essentials to create the product but lacks common sense. At least in the traditional business sense.
  7. 7. Market ● Our study shows that 16 million items are permanently lost in Finland each year. ● If people were to adopt our service, we can guaranteed bring a great number of them back. ● We've already shown that people are willing to pay 1 € for this help or a percentage of the items value if we're actually successful.
  8. 8. Competition ● We're not competing with traditional lost & found offices. ● We're competing of people's charitable time. ● We have to make more sense to people than recycling empty cans or cardboard. ● We will appeal people who see the risks of consumer society.
  9. 9. Value creation ● Only our customers create value to themselves by being active. ● We will take our share of the successful cases of value creation. ● If an insurence company finds an item back with our service, they are more than willing to pay us a percentage of the net worth of that item.
  10. 10. Market entry ● We will enter the market through existing communities such as university campuses. ● We offer them a free solution that is undeniably better than the existing solution. ● Once we're accepted as equals in the community, we can move forward to the next one. ● We use our existing networks in Finland, China and USA to enter the market.
  11. 11. Risks ● The risk is not in our business model, service or product. ● The risk is whether we will be the team that makes the global breakthrough on this field. ● It is undeniable that someone will eventually make that breakthrough. ● We don't base our success on IPRs, but being too social to follow.
  12. 12. Investment proposal ● Our company is a viable investment only for those who've seen the future that we represent. ● We will offer shares to people who believe, not investors who only seek returns. ● 10 % of the company can be sold for $200,000 to leverage our growth. ● We will target for an IPO in OTC already in 2010 after a successful launch in the USA.

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