2. • Medical students’ learning needs are not
being satisfied in the current environment
• Most student have to turn to alternative
resources to actually learn medicine
• Medical education needs to be disrupted
Bottom Line: Aspiring doctors are not reaching
their potential
3. • AgoraMed is the world’s first marketplace for medical
education
• Expert clinicians and others can create comprehensive
courses through our platform and post them for a price of
their choosing
• Medical students can purchase and view these courses in
an interactive, collaborative learning enviromnet
• Reviews and ratings will elevate superior content. Focused
competition between course creators will ensure the
highest quality products
• Everybody wins – students learn more, excellent teachers
gain scope and profits, and patients receive better care
4.
5.
6. Medical Student Market
• 70,000 medical Total Addressable Market
students in US alone • US: $35 M
– 19,000 new entrants – Assuming $500/student
annually • International: ~ $20M
• Many more students – Assuming $100/student
internationally
– Canada: 10,000
– UK: 8000
– India: 40,000
– Carribean: 10,000
– China: 100,000+
7. Survey data
• Sent to medical students in March, 2012
• 428 responses from 18 schools
– Varied in class size, pedagogical methods
– Both private and state schools, wide range of
selectivity
8. Question 1: What is your preferred
160
learning resource?
140
Streaming Video and Textbooks
120
Beat going to class
100
80
60
40
20
0
Textbooks Attending Streaming Small groups Other
lecture video
9. Lecture Attendance is Really Poor
• Less than 1/3 of students attend lecture
regularly (75-100% of the time)
• Most students “sometimes” or “often” use
outside resources instead of class material for
primary learning.
• Review books such as First Aid are most
popular, as well as expert lectures
(Goljan, Pathoma) and question banks.
10. Students Want Outside Resources
• A quarter of students used expensive private
exam prep classes ranging $2,399 – 4,399
(Kaplan).
• Review books, question banks, and practice
exams were used by the vast majority.
• Estimated average test prep expenditure is
$1,226 per student.
• Most students said they would be willing to
use, and consider paying for, high-quality online
lectures.
11. Question 9: In which subject areas
would you most like a video series?
70 There is demand for high-quality learning material
in every single subject in medical school!
60
50
40
30
20
10
0
12. Question 10: Which of these resources
would you like to see more of?
350 Students want videos and questions
300
250
200
150
100
50
0
Video lessons Review books Outlines/cram Review Other
sheets questions
13. Take Home Points
1. Medical students’ learning needs are not
being met sufficiently by their schools
2. Students spend significant time and money
to acquire learning material – the market is
very sizeable
3. Students are seeking high-quality learning
materials, and they are willing to pay
14. • Revenue from the sale of videos
– 70% to content creators
– 30% to AgoraMed
• Subscription Services
– File sharing/collaboration
– Live teaching sessions
• Affiliate program
15. 1. Medical education will be vastly improved
because now, future doctors will know exactly
where to go to learn what they need.
2. Patients will ultimately receive better care. More
knowledgeable doctors = healthier patients
3. Global impact – no longer will elite medical
education be confined to the US. Doctors in
resource-poor countries can access stellar
learning materials so they can treat their
patients
16. Alexander Chamessian Peter Wei
Co-Founder Co-Founder
3rd year MD-PhD Student @ Duke Med 3rd year Med Student @ Duke Med
BS in Biochemistry, Stony Brook University BS Molecular Biology, Princeton
2009 University, 2010
Michael Kimsal
Chief Technical Officer and Platform Developer
http://www.michaelkimsal.com/
17. Why us?
• Credibility in the medical community
• Wide network within medical community, as well
as online reputations
• Insider, domain knowledge about the medical
education market
• Passionate about the mission
• Ample experience (Michael) in web development
and software design
18. • Our network of amazing teacher-physicians is
already making content for our near-term
launch
• Support of key docs in med ed community
• Well-developed plan for platform functionality
• Market-research and survey data
• Enthusiasm
19. • At this point, you’re probably saying to yourselves
“Wow, are these guys for real? Is medical
education, even at elite schools really this bad?”
• Yes. It’s this bad. And everyone knows it. But don’t just
take our word for it. Ask your M.D. friends about med
school. They’ll tell the same story.
• This is a huge problem with a large, untapped market.
• The moment is right. Education is being transformed
dramatically.
• AgoraMed needs to be a part of that process.
• People’s lives depend on it.
