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Stuart Drexler
Chief Product Officer
stuart@tykoon.com
What is Tykoon?
A Financial Services Platform for Kids
Empowering the next generation to make money smart decisions
Through real-world experiences.
How does it work?
Family account… chores… earnings… savings goals… encouragement… success!
S et Goals Collaboratively between Kids and their Parents
T rack Progress Keep Goals in close sight, and to garner parent encouragement
A chieve Parents praise their kids, kids are proud, make ‘money smart’ choices
R edeem Kids transact – buy items, donate to charities, transfer to savings accounts
Tykoon 2.0
Mobile First (Handheld)
Kid Centric
Social
Kid’s Chore Checklist:
• Easy to use
• Helpful suggestions
• Partner integration
opportunities
Kid Wish-list:
• Kid-safe Tykoon shop
• Request-a-product
• Progress bars for clear feedback
• One click ‘Buy’, ‘Give’ and ‘Save’
• One click ‘Share’
• ‘Auto Share’ new items to your
connections
Kid Wish-list Share:
• Family address book - parents
load contacts
• Incentive to share – Tykoins
• Family and friends can easily
praise kids from emails received
• Streamlines social
Milestone Moments
• Encouraging money smarts
• Recognizing accomplishment
• Win – Win, no fuss
• Empowering
Tykoon follower model:
• Immediate social connection –
introduced at sign up
• Helps introduce product
features
• Easy to connect with and follow
friends in fully COPPA
compliant manner
• Familiar social construct for
kids and teens
• Can inspire and be inspired by
your choices
Social Feed:
• Most kid actions and activities
are auto-shared
• News prioritized by social
connection
• One click ‘like’ or add to wish-list
Educational Strategies:
• Features that structure the money conversation: Spend, Save, Give
• Goal setting
• Rewards: Money, Tykoins, Praise (as per family’s values and choices)
• Primary currency = Dollars to enable the money-conversation
• Kid social currency = Tykoins to level the playing field
• ‘Famification’ – makes taken-for-granted family responsibilities into fun, interactive
celebrations
• Stealth learning through real life experiences – habitualizing good behavior
• Teachers and schools included - connect household and school environments on
financial literacy efforts
Business Strategies:
• Family MoneySmart Score™:
• Parent and child activity drives monthly calculation - encourages ‘famification’
• Child: actions that demonstrate money smart decisions (e.g. delayed gratification,
goal setting and achievement) are encouraged and up-weighted
• Parents: consistent praise and goal setting is recognized
• Business model (Freemium with subscription)
• Premium service offers family a cash back rewards program
• Top 20% of families by Money Smart Score receive cash back credits each month
• When your family hits $25.00 in rewards they redeem cash value
• Customer Acquisition
• Align with larger enterprise partners to drive scale and monetization (Banks,
Retail, Alternative Payments, Kids Media and Entertainment)
Stuart Drexler
Chief Product Officer
stuart@tykoon.com

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Digital Kids Edu 2013: Stuart Drexler, Chief Product Officer, Tykoon

  • 1. Stuart Drexler Chief Product Officer stuart@tykoon.com
  • 2. What is Tykoon? A Financial Services Platform for Kids Empowering the next generation to make money smart decisions Through real-world experiences. How does it work? Family account… chores… earnings… savings goals… encouragement… success! S et Goals Collaboratively between Kids and their Parents T rack Progress Keep Goals in close sight, and to garner parent encouragement A chieve Parents praise their kids, kids are proud, make ‘money smart’ choices R edeem Kids transact – buy items, donate to charities, transfer to savings accounts
  • 3. Tykoon 2.0 Mobile First (Handheld) Kid Centric Social
  • 4. Kid’s Chore Checklist: • Easy to use • Helpful suggestions • Partner integration opportunities
  • 5. Kid Wish-list: • Kid-safe Tykoon shop • Request-a-product • Progress bars for clear feedback • One click ‘Buy’, ‘Give’ and ‘Save’ • One click ‘Share’ • ‘Auto Share’ new items to your connections
  • 6. Kid Wish-list Share: • Family address book - parents load contacts • Incentive to share – Tykoins • Family and friends can easily praise kids from emails received • Streamlines social
  • 7. Milestone Moments • Encouraging money smarts • Recognizing accomplishment • Win – Win, no fuss • Empowering
  • 8. Tykoon follower model: • Immediate social connection – introduced at sign up • Helps introduce product features • Easy to connect with and follow friends in fully COPPA compliant manner • Familiar social construct for kids and teens • Can inspire and be inspired by your choices
  • 9. Social Feed: • Most kid actions and activities are auto-shared • News prioritized by social connection • One click ‘like’ or add to wish-list
  • 10. Educational Strategies: • Features that structure the money conversation: Spend, Save, Give • Goal setting • Rewards: Money, Tykoins, Praise (as per family’s values and choices) • Primary currency = Dollars to enable the money-conversation • Kid social currency = Tykoins to level the playing field • ‘Famification’ – makes taken-for-granted family responsibilities into fun, interactive celebrations • Stealth learning through real life experiences – habitualizing good behavior • Teachers and schools included - connect household and school environments on financial literacy efforts
  • 11. Business Strategies: • Family MoneySmart Score™: • Parent and child activity drives monthly calculation - encourages ‘famification’ • Child: actions that demonstrate money smart decisions (e.g. delayed gratification, goal setting and achievement) are encouraged and up-weighted • Parents: consistent praise and goal setting is recognized • Business model (Freemium with subscription) • Premium service offers family a cash back rewards program • Top 20% of families by Money Smart Score receive cash back credits each month • When your family hits $25.00 in rewards they redeem cash value • Customer Acquisition • Align with larger enterprise partners to drive scale and monetization (Banks, Retail, Alternative Payments, Kids Media and Entertainment)
  • 12. Stuart Drexler Chief Product Officer stuart@tykoon.com