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Presentation 9 - Revenue
- 1. Bridging the gap between college and the workforce
- 2. Value Proposition AlgoWork AlgoWork bridges the gap between college and the workforce by providing students with the opportunity to connect with mentors in their field of study. AlgoWork
- 4. $ $ AlgoWork by Gan Khoon Lay from the Noun Project Mentors Students Hypothesis AlgoWork
- 5. What we did this week AlgoWork
- 10. Data From Surveys AlgoWork
- 11. $ AlgoWork Icons by Gan Khoon Lay, Eliricon from the Noun Project Mentors Students MVP Helping Provides Meeting Guide AlgoWork Finds
- 13. Well Ocean Requires lots of marketing Desert Requires high cost Finding a niche Don’t invest here Swamp AlgoWork frequent Infrequent passionmeh Frequency Passion Matrix
- 14. How much would student pay? AlgoWork $10 per month $30 per month $20-50 per month $5-20 per meeting
- 15. 0 10 20 30 40 50 60 70 Number of Users willing to pay 1 2 3 4 Pricing price per user # of users x price price with biggest revenue potential
- 20. One for One One for One With every meeting you purchase, Algowork will give one meeting to a student from low-income family.
- 22. Started Concierge Sent Out Email to Students 4 Student sign ups AlgoWork Sent Out Survey to Professionals 6 willing to help 1 match
- 24. Concierge: Next Steps Prepare a guide for student and it send out Ask both students and mentors for availability and address AlgoWork We have a match! Email with info when and where is the meeting Follow-up survey: How was your experience?
- 27. - Social media platforms and article sites for ad space - The department of education - Schools and universities - Career counselors - Businesses - Eventbrite - Buying ad space - Hiring designers and engineers - Finding people willing to mentor - Companies looking for young new talent - Schools wanting to ensure students get jobs - Pay engineers - Hosting space and domain name - Hire marketing and sales people - Hire people to connect students with mentors - Providing guidance for students before they graduate - Provide community inspiration - Offer transparent information - Article sites, social media platforms on web/mobile - Career counselors and career events - Universities and high schools - SOM: college students in Bay Area - SAM: college students in California - TAM: college and high school students in the U.S. - Opportunity to have hands-on experience - Tracking students progress - Give students the chance to meet mentors in their field - Monthly subscription, tier-based (more $ = more meetings) - Companies pay us for the connections - Schools can buy subscriptions for their students
- 28. - LinkedIn: LI is more about being ready for the professional world, while AlgoWork allows you to make mistakes, to experiment and learn before moving on the LinkedIn. We would act as a stepping stone for students to move onto LI. - Career development: Yes, we would help with resumes like career counselors/ development does already, but we would be finding specific people who are willing to help students with resumes (mentors for specific jobs to cater resumes to that field)
- 29. $ AlgoWork Icons by Gan Khoon Lay, Eliricon from the Noun Project Mentors Students Soon: MVP 2. Finds 5. Helping 4. Provides Meeting Guide, time and place of meeting AlgoWork 1. Signs up on Landing page 3. Payment
- 30. $ AlgoWork Mentor Student 6. helps 3. chooses mentor 2. provide availability manages 5. meeting guide 1. finds Mentors Algowork.net Companies $ ads Later 4. payment
- 31. Eventually
- 33. Sources