New Venture TeamKevin ShanahanJeong SeoOlivia HebertSangho HanJeremy Bragg
WELCOME TO TILE• Where education stand today• The problem• The solution • What is it?
A TRADITIONAL EDUCATIONAL SYSTEM
• Where we are today.
• Time to wake up!!
• Why Now????
"We must invest in early education, raise academic standards, make college affordable, and do more to recruit and retain top-notch educators," - Education Secretary Arne Duncan
REDUCE, REUSE, RECYCLE
• How they do it.• How we do it
Waste Composition
REPLACE, REFINE, REVOLUTIONIZE
TILE INCORPORATED
TARGET MARKET
• Elementary School Aged Students
• Elementary Statistics• US: 67,140 (2009-2010 Census)* • TX: 4,001 (2010-2011 Census)* • Dallas ISD: 149 (2012-2013 Census)*
*Dallasisd,org, nces.ed.gov, texas_education.org
TARGET MARKET• Market Challenges: creating the need for the
product and changing the desire to learn this way.
• Market Segment: Demographic • Company’s potential: high – new technology is
developing therefore education and the style of learning needs to change with it.
COMPETITIVE ADVANTAGE• DIRECT COMPETITION
• Traditional Educational System
• THE TILE FILE
• STRATEGIC PARTNERSHIPS• Department of Education• E-Learning Developers (ie Fingerprint & Hopscotch)• Tutoring Centers (ie Sylvan & Huntington Learning Centers)• Microsoft/Samsung• (Tech Manufacture)
BUSINESS AND REVENUE MODEL
MARKETING PLAN• Direct Sales Representative
• Excellent Customer Service • Trade Shows and Educational Expos
• Ed Show in Dallas in March• Lottery Program (Trial run)• Promotional Video/Commercial
FINANCIAL PROJECTIONS
Assumptions• Price $9500/unit (based on comparable hardware and projected software costs) in
Years 1 and 2 then $10,450 years 3 and 4• COGS $7500 unit based on similar hardware and allocated salaries of
software/hardware engineers • Operational Expenses estimate the costs of hardware maintenance and software
support for 30 units in year 1, 100 units in year 2, 150 units in year 3 and 300 units in year 4 *(PAYG model for IT support)
FUNDING
Key Facts• Salaries based on industry averages for hardware designer, software
engineer and Web Master• $405,000 projects the cost to produce a prototype, not any units for sale• High first year accounting and legal costs consider applying for public school
accreditation • Future funding contingent on units (contractual model)
Salaries $200,000Accounting and Legal $50,000Research and Development $100,000Rent $25,000Marketing $30,000Total: $405,000
TIMELINE
SUMMARY
TILE
THE FLOOR IS NOW OPEN FOR QUESTIONS