https://www.youtube.com/watch?v=j4yvnSAoT…
Edufire promotes online interactive video learning. Problems many students experience with traditional teaching methods and some online solutions were identified from the onset of this pitch.
The solution is very clear. The presenter offered edufire, an interactive live video learning technology that is clear, convenient and high service quality which is what the market really need.
The live video learning distinguishes edufire similar providers since it offers live 1:1 language training; teachers also decide what they want to teach and when, and also set their prices.
It was not clear how buyers/users will be reached, however, the product can be accessed online on the products’ website.
Edufire has the potential to be a very successful solution since it promise clients world class teachers. Also, the product is the leader of the open market place for live video learning since it is the first solution of this form which creates a “first mover advantage”. This also indicates the developers’ technological competence in this marketplace
There are many online providers in the marketplace, however, since they are the first to introduce the live interactive video learning, the closest competitors are likely to be followers.
The cost of this solution is not known, however, since it is a mutli-billion dollar industry, and it is tailored to meet the needs of teachers and students who demand more flexibility in online environments, it implies that investors would have attractive returns on investment.
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Karen Jones 6:19 pm on September 19, 2011 Permalink | Log in to Reply
I agree that this pitch is clearly presented, and I had a good idea of what Edufire was about after the first viewing. However, the presenter’s resemblance to the character of Ryan (B. J. Novak) on the U. S. version of the t.v. show, “The Office”, distracted me somewhat, along with feeling that he was going to start guffawing at certain points during the presentation. The concept of “renting”teaching space online is interesting, along with the creation of online learner communities, but I wonder who is responsible for bringing the students together with the teacher, and how well that works.
Keisha Edwards-Hamilton 8:28 pm on September 22, 2011 Permalink | Log in to Reply
Karen,
The concept seems current and many online students and teachers will welcome learning environments of this type.
kstooshnov 11:26 am on September 20, 2011 Permalink | Log in to Reply
Wow, Karen,
I’ve watched this pitch a couple time, but now that you mention the Ryan Howard connection, I can’t take it seriously anymore. Guess he can’t help bearing a slight resemblance to the mischievous Office temp, but on the other hand, why not play up on this questionable advantage if he does?
I’d also like to question him, were I the EVA, on why he feels he has the first-mover advantage, keeping in mind David Shore’s advice on “no competition” being a potential deal-breaker. Why would students want to go one-on-one on-line when they stand a better chance of learning a language from other classmates who don’t seem to be present in eduFire?
Kyle
David William Price 12:26 pm on September 20, 2011 Permalink | Log in to Reply
He makes a lot of vague claims but doesn’t back it up with details on costs, profits etc. How does his solution work better than existing solutions?
What would attract “world class experts”? What do I get out of teaching? THis sounds similar to a website for renting gurus that was out awhile back… and it died out when LinkedIn came in. Why not just use LinkedIn to connect with experts then hire them directly? Why should anyone take a cut?
Keisha Edwards-Hamilton 8:31 pm on September 22, 2011 Permalink | Log in to Reply
Good questions David, however, I am yet to see how one would create an elevator pitch that would provide answers to questions like these.
Keisha