T h i n k O l i o

David Kurfirst & Chris Zumtobel Smartpitch Education Track

a p l a c e f o r m i s c e l l a n e ou s m i n d s

The Problem

• No easy way exists to connect hosts, educators, and learners

• Hard to find affordable, high-level classes nearby

• Universities are limiting, exclusive, and expensive

Three Party Solution

Guides

Hosts

Learners

Breakdown

Cost: $15-$20

Number of learners:10-25

Revenue per class

$150-$500

x

The Split

Guide

50%

Host

30%

Olio

20%

As Olio scales the percentages can change.

The Lifelong Learner

$17.5 billion personal interest education market

Meetup: 21 million users & 500,000 Meetups a month

The global sharing economy predicted to be $110 billion market

Competition

Expensive

Uncurated

Online only Single Location

Affordable

High-quality, vetted teachers

In-person learning Unlimited locations

Predicted GrowthBased on the sharing economy & the personal interest education

market

Year 1 Year 2 Year 3$0

$1,500,000

$3,000,000

$4,500,000

$6,000,000

100 Olios per month

1,000 Olios per month

3,000 Olios per month

Timeline

February

Began incubator

Launched website

March

Hosted first 2 Olios

Press Coverage in Gothamist, PSFK, and The Skint

April

Hosted 4 more Olios

Revenue of $1500 and mailing list of 700

May20 committed teacher and 15 host location

Quit jobs to commit full-time

What’s Next?

• 10 Olios• Find a CTO• Teacher and host growth• Add functionality to site• Guide & host manual• Referral program• Hold Olios where we are not present

High-level learning shouldn’t be confined to universities. Learning in an interactive group setting

should be as affordable and accessible as a good meal, a movie, or a museum visit.

thinkolio.org