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Match&Share Lab




Venture Lab Technology Entrepreneurship
              OAP 2012
Content

1. Description

2. Platform overview

3. Interviews and Survey results

4. Lessons learned & Follow up
5. Market size analysis
Description

                                    who possess the
Match&ShareLab                         required
   is a social    with the ones
    platform                          know-how




                 & based on their   eager to share it
  connecting
                     needs            with others



                    looking for           and
  Armenians        professional       have time to
                    Know-how            commit
This is how: example
Searching for Know How

                                        looking
                                    for a feedback                    on my
                                                                    business idea




            I am a
           Start up
         entrepreneur                User XP
                                                         from a
                                                       successful
                                                     businessmen
                 Preferred: way:
                                                      in the same
                Physical meeting
                Duration: 2 hours                          field
                Place: My office
                Date: 05.05.2013
Target audience

                  Match&Share Lab is a meeting place for…




               Entrepreneurs,   NGO leaders,     Trainers,                           Government
               Businessmen,                      Lecturers    Venture capitalists,
 Students,                       R&D people                    Business angels         officials
                 Business        Sociologists   HR agencies
Fresh alumni
                Consultants
Survey and Interviews overview
• Interviews: 40 participants from 6 countries
• Survey: 135 responses
    0%                                                                                                                  3%
                                      44%
                                                      70%                                                                             26%
                       24%
         9%                                                                                                                         23%
            13%                                                                                                                                          53%
    1%                                                                                        30%                             13%
    2%




                              0%
                                1%
                                                                                                                        11%
                              0%
                                                                                                                         13%
                                 2%
                                                26%                                                                6%
                                                                      58%
                                                                                                                             15%
                                   7%
                                 6%                                                                                                              41%
                              0%



    Source: Customer feedback initiated online survey, https://docs.google.com/spreadsheet/gform?key=0Ak6mR2uk9GN7dDNBNGc4cTJIQlYxNWZUN3FySXk5UkE&gridId=0#chart
Interview & Survey results
Did you felt the need of                                                              Are you satisfied with existing
professional support during the                                                       tools/ways of receiving/sharing
last 1 year?                                                                          professional support?
yes             125         93%                                                       yes               89          66%
no               10           7%
                                                                                      no                46          34%




                              What type of professional support do
                              you mainly need?
                               Professional literature   51    38%
                               Practical experience      77    57%
                               Knowledge receiving       49    36%
                               Consulting                77    57%
                               Education/training        26    19%
                               Feedback (to idea or      32    24%
                               concept)
                               Opportunities for business    29     21%
                               cooperation
                               Job searching and career      13     10%
                               promotion
                               Research/survey               11      8%
                               organization
                               Other                          0      0%
                              People may select more than one checkbox,
                              so percentages may add up to more than
                              100%.



          Source: Customer feedback initiated online survey, https://docs.google.com/spreadsheet/gform?key=0Ak6mR2uk9GN7dDNBNGc4cTJIQlYxNWZUN3FySXk5UkE&gridId=0#chart
Interview & Survey results
                                                                                            How much time does it
                                                                                            usually take to contact the
How much time does it usually
                                                                                            needed expert?
take to find according expert?
                                                                                              very short, few    36 27%
 very short, about
                   21 16%                                                                     hours
 an hour
                                                                                              one day            43 32%
 one day              41 30%
                                                                                              one week           49 36%
 one week             46 34%
                                                                                              one month            7      5%
 one month            10    7%
                                                                                              very long          12       9%
 very long            17 13%
                                                                                              People may select more than
                                                                                              one checkbox, so percentages
                                                                                              may add up to more than
                                                                                              100%.


                                      How often do you need professional
                                      support?

                                       every day                 24 18%

                                       1-2 times a week          30 22%

                                       1-2 times a month         35 26%

                                       1-2 times a quarter       20 15%

                                       once in 6 months           8    6%

                                       once a year                3    2%

                                       rarely                    15 11%



             Source: Customer feedback initiated online survey, https://docs.google.com/spreadsheet/gform?key=0Ak6mR2uk9GN7dDNBNGc4cTJIQlYxNWZUN3FySXk5UkE&gridId=0#chart
Interview & Survey results

Do you use online social platforms?                                               Why do you use social platforms?
                                                                 93%                                                                           71%
                          3%
                                                                                                                                                     84%
                         1%
                                                                                                                                         59%
                                                                                                                      17%
                                                                                                                4%
                          4%



                           Are you satisfied with existing tools/ways of
                             receiving/sharing professional support?
                                                                                                   34%




                                            66%

      Source: Customer feedback initiated online survey, https://docs.google.com/spreadsheet/gform?key=0Ak6mR2uk9GN7dDNBNGc4cTJIQlYxNWZUN3FySXk5UkE&gridId=0#chart
Lessons learned &Follow up

      Value                     Crowdsourcing                Brand &Promotion




•Create more services to                                     •Branding the platform and
make it more attractive ( e.   •Ensure enough experts in     promote its USP to the
g. digital library)            different fields              Customer
•Focus on local needs and      •Diversify backgrounds of     •Emphasize the main
professional information       the Users                     advantages of the platform,
sharing                        •Give users opportunity to    show its uniqueness
•Introduce long tail           connect their profiles with   •Put some stories of
businesses ( place to meet,    main players in the field     success of the experts to
trainings, consulting etc)     •Think on reducing time for   create trust
•Record unique know-how        users on search & match       •Add ranking and disqualify
sharing , make it public,                                    options of experts
advertise trending topic and
make a physical event to
share
Market size analysis
   Development Strategy
   •     First stage:  focus on Local market (Armenia &Diaspora)
   •     Second stage: extension to regional level e.g.., Georgia, Moldova Russia etc.
   •     Last stage:    global market


                           Value                                                                                SEGMENTS
                                                                                              TAM
         National & Regional level                                                  < 1 million higher
         advertising, Subscription                                                   educated users        Diaspora, Local Level & with
                                                          SAM                                              region related International
         Fees & Payable Services
                     ~ 15 million $                                                                             Professional staff
                                                                                              SAM
                                                                                      about 250,000        Economic active population
                                                                                          active
                                                                                      professionals             with ssecondary
                                                                                                            specialized, Tertiary, Post-
                                                                                                              graduate education &
                                                                                                               Students of Middle
                                                                                                               vocational & Higher
                                                                                              SOM
                                                                                         100,000                    education
            Mostly Payable Services                                                 40% non satisfied
                        Advertising                                                   with available
                                                                                         sources             Students, Professional,
                         ~500,000 $                                                   professionals       Scientific, Technical & NGO's
                                                                                                         staff, Lecturer, Non-Employees
                                                                                                                in Non- Agriculture
Source: Labour & Population statistics of Armenia 2010-11, http://www.armstat.am/en/?nid=45

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Mach&Share Lab, Venture Lab Technology Entrepreneurship OAP 2012

  • 1. Match&Share Lab Venture Lab Technology Entrepreneurship OAP 2012
  • 2. Content 1. Description 2. Platform overview 3. Interviews and Survey results 4. Lessons learned & Follow up 5. Market size analysis
  • 3. Description who possess the Match&ShareLab required is a social with the ones platform know-how & based on their eager to share it connecting needs with others looking for and Armenians professional have time to Know-how commit
  • 4. This is how: example Searching for Know How looking for a feedback on my business idea I am a Start up entrepreneur User XP from a successful businessmen Preferred: way: in the same Physical meeting Duration: 2 hours field Place: My office Date: 05.05.2013
  • 5. Target audience Match&Share Lab is a meeting place for… Entrepreneurs, NGO leaders, Trainers, Government Businessmen, Lecturers Venture capitalists, Students, R&D people Business angels officials Business Sociologists HR agencies Fresh alumni Consultants
  • 6. Survey and Interviews overview • Interviews: 40 participants from 6 countries • Survey: 135 responses 0% 3% 44% 70% 26% 24% 9% 23% 13% 53% 1% 30% 13% 2% 0% 1% 11% 0% 13% 2% 26% 6% 58% 15% 7% 6% 41% 0% Source: Customer feedback initiated online survey, https://docs.google.com/spreadsheet/gform?key=0Ak6mR2uk9GN7dDNBNGc4cTJIQlYxNWZUN3FySXk5UkE&gridId=0#chart
  • 7. Interview & Survey results Did you felt the need of Are you satisfied with existing professional support during the tools/ways of receiving/sharing last 1 year? professional support? yes 125 93% yes 89 66% no 10 7% no 46 34% What type of professional support do you mainly need? Professional literature 51 38% Practical experience 77 57% Knowledge receiving 49 36% Consulting 77 57% Education/training 26 19% Feedback (to idea or 32 24% concept) Opportunities for business 29 21% cooperation Job searching and career 13 10% promotion Research/survey 11 8% organization Other 0 0% People may select more than one checkbox, so percentages may add up to more than 100%. Source: Customer feedback initiated online survey, https://docs.google.com/spreadsheet/gform?key=0Ak6mR2uk9GN7dDNBNGc4cTJIQlYxNWZUN3FySXk5UkE&gridId=0#chart
  • 8. Interview & Survey results How much time does it usually take to contact the How much time does it usually needed expert? take to find according expert? very short, few 36 27% very short, about 21 16% hours an hour one day 43 32% one day 41 30% one week 49 36% one week 46 34% one month 7 5% one month 10 7% very long 12 9% very long 17 13% People may select more than one checkbox, so percentages may add up to more than 100%. How often do you need professional support? every day 24 18% 1-2 times a week 30 22% 1-2 times a month 35 26% 1-2 times a quarter 20 15% once in 6 months 8 6% once a year 3 2% rarely 15 11% Source: Customer feedback initiated online survey, https://docs.google.com/spreadsheet/gform?key=0Ak6mR2uk9GN7dDNBNGc4cTJIQlYxNWZUN3FySXk5UkE&gridId=0#chart
  • 9. Interview & Survey results Do you use online social platforms? Why do you use social platforms? 93% 71% 3% 84% 1% 59% 17% 4% 4% Are you satisfied with existing tools/ways of receiving/sharing professional support? 34% 66% Source: Customer feedback initiated online survey, https://docs.google.com/spreadsheet/gform?key=0Ak6mR2uk9GN7dDNBNGc4cTJIQlYxNWZUN3FySXk5UkE&gridId=0#chart
  • 10. Lessons learned &Follow up Value Crowdsourcing Brand &Promotion •Create more services to •Branding the platform and make it more attractive ( e. •Ensure enough experts in promote its USP to the g. digital library) different fields Customer •Focus on local needs and •Diversify backgrounds of •Emphasize the main professional information the Users advantages of the platform, sharing •Give users opportunity to show its uniqueness •Introduce long tail connect their profiles with •Put some stories of businesses ( place to meet, main players in the field success of the experts to trainings, consulting etc) •Think on reducing time for create trust •Record unique know-how users on search & match •Add ranking and disqualify sharing , make it public, options of experts advertise trending topic and make a physical event to share
  • 11. Market size analysis Development Strategy • First stage: focus on Local market (Armenia &Diaspora) • Second stage: extension to regional level e.g.., Georgia, Moldova Russia etc. • Last stage: global market Value SEGMENTS TAM National & Regional level < 1 million higher advertising, Subscription educated users Diaspora, Local Level & with SAM region related International Fees & Payable Services ~ 15 million $ Professional staff SAM about 250,000 Economic active population active professionals with ssecondary specialized, Tertiary, Post- graduate education & Students of Middle vocational & Higher SOM 100,000 education Mostly Payable Services 40% non satisfied Advertising with available sources Students, Professional, ~500,000 $ professionals Scientific, Technical & NGO's staff, Lecturer, Non-Employees in Non- Agriculture Source: Labour & Population statistics of Armenia 2010-11, http://www.armstat.am/en/?nid=45