Glogster VUE Pitches
Hi all,
Here is my elevator pitch for my “faux” product Glogster VUE:
and you can read my venture pitch here:
ETEC 522 – Venture Pitch Glogster VUE
Look forward to seeing all of your pitches!
Smiles, Kim
Posted in: Uncategorized, Venture Forum
Jody McKinnon 3:38 pm on July 30, 2012 Permalink | Log in to Reply
Hi Kim. Your pitch is very smooth and the music and images work well together. I am a big fan of Glogster but didn’t they start charging a high fee recently? I am not sure that as a teacher I would use what you are promoting. I always had thought of Glogster as a way for the students to show me what they can do. I never thought of it as a teaching tool to present to them new materials. I guess it would depend on the subject of the glogs and whether or not I would use them. They would have to be very relevant to my classroom and be extensive enough to warrant paying the fee to access them.
I think it is a neat idea overall, but for me, I see Glogster as more of a tool for students to use rather than a teacher tool. I’d have to see it action before I could decide to invest funds.
Good luck!
Jody
kimnoel 4:01 pm on July 30, 2012 Permalink | Log in to Reply
Thanks for your comments, Jody!
My grade level (Grade 5) purchased a new licence in May (our previous one had run out), and we purchased the 200 subscriptions for $99 – unlimited glogs for 200 kids, management system for unlimited number of classes, for a full year.
Yes, its more expensive than it was, but we consider it a fantastic deal. Considering some of our other subscriptions like Math IXL, for which I have a single class subscription at $199.00 for the year for 30 kids, Glogster is a bargain!
As a teacher tool, I have used it many times. I have a glog that I use to introduce myself at the beginning of the year, and several that I have created to use with various topics such as incline planes, 3D solids, etc. The kids LOVE them and I find it a great way to introduce subjects, and to tie cross-curricular content together. I will be making many more I am sure!
Thanks for viewing!
Smiles, Kim
Jody McKinnon 4:08 pm on July 30, 2012 Permalink | Log in to Reply
Hey Kim. Thanks for your reply. I guess it’s all about your audience. You are working with younger kids than me. My grade 12’s would probably groan if I asked them to make a glog or view one as an introduction to an assignment or topic. My grade 9’s, on the other hand, might find it more enjoyable.
Dave Horn 11:00 pm on July 30, 2012 Permalink | Log in to Reply
Hi Kim
I thought the elevator pitch was well done and you addressed some definitive problems, though I was unsure how I could actually incorporate the tool. As an investor I would like to have seen what the market potential was like, considering there any number of sites that can mix media, which are free. How would you distinguish Glogster in a competitive media world?
Dave
kimnoel 10:51 am on July 31, 2012 Permalink | Log in to Reply
Hi Dave,
I think that your point would be addressed in reading the Venture Pitch.
Glogster VUE would be a “library” of already created glogs, making it unneccessary to create your own. For most users, Glogster VUE would be a FREE add-on to their already exsisting subscriptions to Glogster EDU.
Thanks for viewing!
Kim
dmcinnes 8:43 am on July 31, 2012 Permalink | Log in to Reply
Kim,
Thanks for sharing your pitches with us. Both are well done. They are clear, comprehensive and convincing. Like many teachers, I am always skeptical of online education services that charge a fee. It oftens makes teachers run the other way. I do think that you have a good idea to add value to glogster as it stands.
David McInnes
Colin 10:39 am on July 31, 2012 Permalink | Log in to Reply
Hi Kim. I think the elevator pitch assumes that the audience has some background knowledge and/or experience with Glogster, but I’m embarrassed to say that I don’t know anything about them. As an educator, I probably should know more. As a result of my ignorance, the pitch left me a bit confused. 🙁
Colin
kimnoel 10:56 am on July 31, 2012 Permalink | Log in to Reply
Hi Colin,
You are right – my assumption was that if an investor was interested in Glogster VUE, it would be because they know of Glogster and Glogster EDU’s tremendous success, or would take the time to investigate the company.
I had to start from there, to give a background of Glogster and Glogster EDU would have been impossible in this assignment.
(I did my venture analysis on Glogster EDU, perhaps I shpuld link that too!)
Thanks for viewing!
Smiles,
Kim
Colin 8:11 pm on July 31, 2012 Permalink | Log in to Reply
Hi Kim. ^^ That was only my initial thought after watching the video. I did do a bit of research after the post to find out more about Glogster. Seems fun. However, I think I really need to have try it out with my class before I make an informed decision. For now, I’m out (not because of your product).
Thanks for sharing the idea. 🙂
Colin
Yves Mainville 10:56 am on July 31, 2012 Permalink | Log in to Reply
Nice presentation Kim
I would have liked to hear form you directly while we ‘were in the elevator’ but regardless your presentation was very professional and very smooth. I liked that I did not feel rushed or pressured.
I appreciate the claim that there are no competitors, however, I think there are similar products in the market space with regards to the tech/web 2.0 side of things (pinterest, prezi, etc.) and would be worried about being to protect the uniquess from competitors.
Unless I missed something, and I apologize if I did, but I would like to hear more about the team as well.
I am a huge glogster fan and I think the concept has potential with a bit more fint tuning.
Thanks for the presentation.
kimnoel 11:02 am on July 31, 2012 Permalink | Log in to Reply
Hi Yves,
Glogster VUE is a “library” of user-created glogs – that is where I got the “no competitors” slant. As far as I was able to determine, Glogster creates the only online, multimedia, interactive poster application, thus VUE would be the only library or compilation of user-created, peer-reviewed glogs.
Thanks for viewing!
Smiles, Kim
Brian H 11:22 am on July 31, 2012 Permalink | Log in to Reply
Kim,
Your pitch is very interesting and would cause me to do more research as an investor.
My instinct though is that fee based systems for Web 2.0 services is very difficult as free versions appear overnight.
Having your service paired with a major student management system or collection of services may pique my interest.
Thanks,
Brian
Ronna Hoglund 11:33 am on July 31, 2012 Permalink | Log in to Reply
Hi Kim,
Thank you for sharing your elevator pitch. While I am a huge Glogster fan and I can see a possibility for success for your venture, I think adding your voice or a video presence and some more information in your pitch would command the attention of potential investors.
Ronna
mariefrancehetu 6:28 pm on August 1, 2012 Permalink | Log in to Reply
Hello Kim,
I thought your elevator pitch was quite effective . . . few words and to the point. However, I did struggle to real the lines before the next slide came along.
Your venture pitch was excellent, well balanced with text, images, graphs and you covered every area a venture pitch should. The problem was well laid out and the solution explicit. I especially liked the introductory letter as if you were sending this package to companies. Maybe you have hiddent talent here and should become an entrepreneur.
Kudos Kim!
Marie-France
sheza 11:18 am on August 2, 2012 Permalink | Log in to Reply
Hi Kim,
I think that your elevator pitch is simple and subtle – but I think that when approaching investors you would have to tweak it to be more aggressive! I was also not too familiar with Glogster, although I knew that it was a poster-tool online, I wasn’t aware of Glogster EDU. So, after viewing your elevator pitch I did some poking around the Glogster site to be able to envision the ideas you had in the venture pitch. I can see the need for a serachable library on Glogster, because I was trying to find some education-based glogs and mostly came across personal glogs and then finally found some homework-related glogs that I was then able to use to better understand your pitch. I think perhapsincluding an example of the glogs you say you have created to teach with would be beneficial in educators/investors envisioning what the Glogary would consist of. I like your idea about the rating system to give the Glogary a compeitive edge over competitors like Prezi – I DO think they and other media-rich presentation sites online are your competitors even though they don’t have a similar library search; and I think that as an intelligent entrepreneur you should accept that and be mindful of it.
Although I think glogs are great I do see them as more of a student-use tool rather than a teacher resource tool and if Glogster markets itself as selling student use accounts I fear that your Glogary will be full of student work that other students could easily plagiarize. As an educator I would be weary of using the Glogary. That being said, I don’t think that you will be able to capture the Market Share you are expecting with the venture if teachers won’t be likely to use it, therefore I wouldn’t be interested in investing.
Good job on creating a very professional elevator and venture pitch though!
Sheza
mackenzie 4:57 pm on August 2, 2012 Permalink | Log in to Reply
The visuals were good but the text was distracting from the impact of them. When reading a pitch in video form I find it hard to grasp the message because of the focus it takes to read while the visuals divert my attention.
Sherman Lee 11:21 pm on August 2, 2012 Permalink | Log in to Reply
Hi Kim,
I have not used Glogster extensively before so I was a bit confused in your pitch. I know that you have mentioned to another investor that you are aiming at those who have some knowledge of Glogster. And as the saying goes… only invest in what you are familiar with. Until I learn more about Glogster and use it a couple of times, I don’t think I can make a judgement into putting down my money. It is fair and I agree with you in terms of how it would be way too big to present two products Glogster VUE and Glogster in such short pitch time.
One other thought is, I really wish I could have heard your voice in the elevator pitch. It would help me make a connection to you.
Overall, I think the idea is cool. I wish you luck in your venture and I do look forward to see your future development if you would not mind inviting me again when you do another pitch.
Sherman
Hussain Luaibi 12:22 am on August 3, 2012 Permalink | Log in to Reply
Hello Kim
Making a venture pitch is not easy, It takes time. And I am sure it took you some time doing this good one. I am not really acquainted fully with the system you are promoting in your pitch. So basically your pitch has opened my eyes to the existence of such a system . As an investor I will not just get involved in such project because I need to investigate its potential market.
Target market: I feel that your project target market inclines towards the organizations, institutes and big centers. And that is not a defect. On the contrary it solidifies the ground where it stands.
How effective will the project be?
Well, the idea of finding an authentic source of information where educators can use to enhance their work seems very nice. However, it is not new in the market. There are many web-based sites where teachers can consult for information. So it would be one of them.
Investment: I agree with my classmates who mentioned that hey would wait to see how it moves in the market before making any decision about investing in it.
After watching your pitch and venture , I feel I am not ready to invest but I am ready to explore it.
Good job
Hussain