recurrence bringing education to the 21st century
TRANSCRIPT
Bringing Education to the 21st Century
COMPANY OVERVIEW
Would you send a soldier into battle who had only ever ‘read the book’?
NEED/OPPORTUNITY
Does preparing students with a Record player teach them
to use an iPod?
NEED/OPPORTUNITY
Signature Case Studies
MANAGEMENT TEAM
Bruce J. Avolio, Ph.D., • UW Executive Director for CLST;
Top 25 Management Scholar
http://telosentertainment.com/
Charles Herrick• Author, IT Firm CEO, Relief
Worker, and World-Class Athlete.
Jessica Bishop• Highly successful student
ambassador sales program leader, corporate trainer, and life coach
MANAGEMENT TEAM
$35.0Bn e-Learning
$314.5Bn Mgmt. Consulting
$287.0Bn Corporate Training
ADDRESSABLE MARKET
128 Professors
144 B-School Professors
230 B-School Professors
TRACTION
Australia's leading provider of online accredited courses ranging from Short Courses, Certificate Level, to Diplomas and Degrees
Initially target assistant professors who are eager to attain tenure, and are more inclined to adopt new methodologies and technologies
BUSINESS MODEL
A college book can cost $249.00!
BUSINESS MODEL
Harvard Business case meets online gaming.
Each student will pay $49.95 per quarter for
the use of the case.
118,000 Professors
Student Ambassador Programpresent in every state
Strategic University Partners(top 25 US B-Schools)Pro Direct Sales Team
National Coverage
GO-TO-MARKET
• Paper Cases (i.e. Harvard and Ivey Cases)• Static, Made Up Simulations (i.e. Business Strategy Games, Market Place Live, Prisim, etc.)
COMPETITIVE LANDSCAPE
Everest V2
Signature Case Studies
BARRIERS TO ENTRYFirst Publisher: “iTunes of Simulation Cases”
Collaborative Model
* Use by 10 professors covers development
BARRIERS TO ENTRY
Income Statement
Year 1 Year 2 Year 3 Year 4
COGS
S&M
G&A
R&D
Income from ops
110 Profs$1.13M
474 Profs$4.54M
762 Profs$5.95M
311 Profs$2.57M
FINANCIALS
Financially sustainable in just 15 classroomsHighly experienced entrepreneurial teamTractionNo direct competitor / creates a new marketEasily expanded into new markets
Brayden Olson / [email protected]
WHY INVEST
Next Generation of Education for the 21st Century
COMPANY OVERVIEW