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Transcript of Tutoring app
1 out of every 3 students uses a tutor
Pricing and Margins
Tutor's Pays 10% Commission
Revenue gross margin
Year 1- $42 K
Year 2- $1.6 MM
Year 3- $6.1 MM
10% commission fee
Tutors are available instantly
Tutors have experience with students Professor
Rating and review system
Nick Ginsberg, Ryan Shuler, Michael Khosravifard, Brendan Martin, Jack Geresi
STUDY BUDDY TUTORS
What is Study Buddy Tutors?
Head of Marketing
Head of R&D
Initial investment required: $400,000
Present Capitalization: $100,000
Asking Investment: $300,000
Expected break even date: 2016
Legal and Admin- $96,000
Research and Development- $104,000
Potential Aquirers include:
Projected Purchase Price: $35,000,000
Tutorspree (undisclosed Sum- Acquired by Wyzant
Tutor.com ($40,000,000- InterActiveCorp)
Sylvan Learning ($275,000,000)
Increasing Demand for Apps
Increasing Popularity of Apps
300% Increase In App Production Between 2010-2013
Around 1,000,000 Apps In Existence
Android and iOS Compatible
Increases Target Market Accessibility
Ali Farazdaghi- Founder of Vantra Group Inc.
Michael Miller- Co-Founder of Wild Horse Labs
Director of User Experience at Slalom Consulting
Head of Accounting