CloudConnect
A cloud-based learning management system:
[youtube]http://youtu.be/iC4rDXLTknU[/youtube]
Posted in: Pitch Pool-
David Vogt
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ETEC 522 – September 2012
Ventures in Learning Technology
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Lisa Nevoral 9:58 pm on September 19, 2012 Permalink | Log in to Reply
No, I would not invest in this venture.
First of all, I had too many questions after watching this pitch. The slides weren’t too flashy and the speaker spoke at a good pace, but I couldn’t always correlate what the speaker was saying to some of the pictures or diagrams being shown. Cloud Connect is a start-up business that is creating a collaborative software system to be used in primary and secondary schools, but I was unclear in what capacity. Was it a new learning management system (LMS)?
The speaker did suggest that there was a ¾ billion dollar market for learning management systems and that Cloud Connect was going to lower their retail entry level, but how much money was needed for the next step or how much investors would be compensated wasn’t stated. There was a slide that that showed different LMSs and the speaker suggested that Cloud Connect had made a decisive split from the established market, but again in what way was not stated. How was Cloud Connect any better from the other LMS? For the reasons stated above, I would not invest in this company.
jenbarker 10:44 am on September 22, 2012 Permalink | Log in to Reply
No, I would not invest in this venture.
I watched this pitch many times wondering at first if was my own lack of knowledge of technology that was preventing me from fully understanding this pitch. As I used the facets described in 2.7 to critically analyze this pitch I realized that it wasn’t my fault that I wasn’t understanding, that instead this is a poor pitch. He addresses the pain point, stating that it is for primary or secondary education. Even this simple statement is flawed as we refer to K – 7 education as elementary and not primary. By reducing his market to primary, he left out intermediate educators or Grades 4 – 7. Next, he states that his product is breaking new ground and offers a new collaborative LMS. I couldn’t understand what made Cloud Connect differ from the other LMS products in the market already. Although he describes a 3/4 billion dollar market for LMS and states that his product will lower their retail entry level, he did not expand on this enough for an EVA to know what level of return would come back to the investor.
Similar to Lisa, I like the presentation of the slides. They were clear and simple with white backgrounds. I found the speaker to be sincere and exude some enthusiasm. Overall, I felt his pitch left me with too many unanswered questions which would ultimately caused me to say no.
lullings 5:26 am on September 23, 2012 Permalink | Log in to Reply
And its a no from me too I am afraid.
Slides were not useful at all – we know we are talking about education there is no need to show me a generic clip art picture of a child with a school bag heading to a building. They have my attention for a few minutes and as a result I would say they wasted it. Then the important slide with how it stood in relation to the other LMSs out there was unreadable as it was too small.
At the end of it I felt like this was a pitch for another LMS in the 3/4 of a billion dollar industry. The use of buzz words in the presentation like ‘blogging’ ‘mobile’ and ‘wikis’ degraded the whole concept because these are a standard. There is nothing new, innovative or impressive about them. This pitch might have been noteworthy in 2000 but for an investment I would need a far more progressive venture.
melissaayers 7:56 am on September 23, 2012 Permalink | Log in to Reply
No I would not invest in this venture.
While the narrator sounded sincere I felt that many of the claims he made such as they had “lots of experience developing innovate technology and media” were irrelevant since he provided no examples or credentials for what exactly this experience was or how it was successful. The same goes for saying the have a “unique perspective in small cap growth market” – this was not elaborated. While he states a clear differentiation point that they are able to reduce the cost of the product in comparison to their competitors he does not detail how they are able to do this.
As others have mentioned this leaves me with many questions unanswered but without the desire to really find out the answer as I do not believe it’s a venture I would personally think to invest in.
Suhayl Patel 4:55 pm on September 23, 2012 Permalink | Log in to Reply
No I would not invest in this venture. To put it quite plainly, what is this new venture a solution to? I can’t see myself investing in this venture if I don’t see what issue it addresses. To me it seems like a tool for housing information. The exact same thing can be done using google sites, google docs, etc.