My fictitious venture is for a specially…
My fictitious venture is for a specially designed educational tablet that is customized for use in schools. This tablet will be geared towards pre-school and elementary school students, as well as for students with special needs. This tablet will have all the capabilities needed to ensure students have access to multiple educational tools that are based on curriculum. It will also have a built in Learning Management system that can be customized by teachers and can be used for discussions, directions, feedback, etc. Another capability it will have is a master and slave set up. Teachers will have the master device and students will have the slave device. Teachers will be able to curtail the content presented on each students’ device in order to accommodate their specific learning needs and will be able to track and monitor students’ progress.
Elevator Pitch :
Elevator Pitch Nureen Visram ETEC 522 -Download
– View on youtube
Venture Analysis:
Venture Analysis– Link http://prezi.com/5jylwixzfstc/nabi-2-tablet-school-edition/– URL
Reflection:
Thank you for viewing my pitch and analysis. I look forward to hearing your feedback.
Nureen
Posted in: General, Venture Forum
Paula Poodwan 8:32 am on November 27, 2012 Permalink | Log in to Reply
Hi Nureen, your elevator pitch is private so I can’t watch it. I also tried to click the link above the video, still no luck 🙁
visramn 11:39 am on November 28, 2012 Permalink | Log in to Reply
Sorry about that. . I am surprised the download didn’t work. That is odd. I have changed the settings. I think it should be ok now.
Nureen
Paula Poodwan 3:03 pm on November 28, 2012 Permalink | Log in to Reply
Hi Nureen,
You did such a wonderful job for both of your pitches. You managed to get a lot of info into the 1 minute pitch, good job! Your voice is enthusiastic and very professional too. The graphic and music are also perfect.
Your venture pitch is thorough. Even though you didn’t give much detail about the CEO and the team, somehow I still feel your venture is credible; it could be because you provided a lot of backup research and statistics. I think you covered many important points investors want to know like marketing, future growth plan, and competitors. Especially the detail in how Nabi 2 differs from other tablets which is one of my biggest concern whether to invest or not. You did answered that question. “Nabi 2 tablet school edition is better than the rest because it has the same capabilities as other and also has the best processing speed”
It is a good venture concept and I am very interested in it but because there are so many tablets out there already so I wouldn’t feel confident to invest at this point, sorry. Otherwise a very well presented pitches and I really enjoy watching and reading it.
visramn 3:41 pm on November 28, 2012 Permalink | Log in to Reply
Thanks Paula. I appreciate the feedback. You are right there are a lot of tablets on the market. That is why I wanted to gear this to the educational market and make this product specifically for educational institutions by equipping it with a build in LMS system and master and slave capabilities.
I was actually drawn to this idea because I see my nephews and other kids around me wanting to play with digital devices and I can’t help but think these kids are going to grow up surrounded by these devices so why not make these devices conducive to their learning. It will be interesting to see what the future has in store for these kids.
Thank you so much for reviewing my work and for your helpful feedback.
Nureen
lullings 6:07 pm on November 28, 2012 Permalink | Log in to Reply
Hey Nureen, after the elevator pitch I was feeling many things. Due to its speed I was a little bamboozled and panicked, but not really in a bad way, more in a way that I wanted to look for you and just find out more and I felt I needed to do it immediately!!! I think your passion came through on the delivery very much.
With the venture pitch I found it difficult as there was so much information. For me I would not invest in your venture as the market is over saturated already with device offerings but also because it represents a massive investment into one device for school districts. So I don’t think the device route is the way to go.
Saying that I think that your concept is excellent and that there is a gap in the market for a classroom based facility such as the one you describe. I would be more inclined to invest if this was the main focus and you concentrated on the delivery of that by providing the software apps for all the other devices. This means that students could bring their own if the app was on them but also the school board could get a cheaper version of the physical device and purchase your software to fill the gap the market. If it was possible to have different brands of devices talking to each other and the teacher through the one app it would, for me, be a winner.
Just my two cents –
Cheers
Stuart
visramn 6:16 pm on November 28, 2012 Permalink | Log in to Reply
Hi Stuart,
Thanks for the feedback. I too think there is a gap in the market for devices/software such as these that can be used in the classroom.
Your idea would be ideal. It would be very beneficial for BYOD supporting school districts.
Nureen
Lisa Nevoral 8:41 pm on November 28, 2012 Permalink | Log in to Reply
Hi Nureen,
Good job on your elevator and venture pitch. You are obviously passionate about your idea. During your elevator pitch, I found the speed of your delivery too fast. When I was just grasping one idea, you had already moved three points ahead. I liked the idea that you wanted to make a product that would be interactive and provide individualized instruction for pre-school and elementary school students, as well as for students with cognitive and developmental disabilities. Differentiation is a very important aspect in teaching so you had a good idea and solution for that pain point.
In saying that, I have to agree with Stuart. For schools or school districts to buy these devices would be very costly, but if you could produce the software that could be used on many different types of devices, your product could potentially be a marketable item.
Good job!
Lisa
visramn 9:26 am on November 29, 2012 Permalink | Log in to Reply
Thanks for your feedback Lisa.
Nureen
manny 6:28 pm on November 30, 2012 Permalink | Log in to Reply
Hi Nureen,
Your venture proposal for a personalized tablet specific for children has good intentions but may be too little too late. Your elevator pitch was very fast and it was difficult to discern what the product you are proposing is. The one-minute time limit was definitely the hardest part of this assignment. It seemed as though you attempted to fit everything in within this time frame but you may have been better off just sticking to a few key points and slowing down your narration. For the elevator pitch, we need to remember that less is more. Although I think your product is something moms would buy for their children, I do not see school districts adopting it and would not invest for the following reasons.
1) Production costs – To produce a whole new tablet specific for child use would require an astronomical amount of money.
2) Competitors – The tablet market is highly competitive and there really isn’t much room for newcomers. If this device offered something different than other products it could have a chance. However, it does not offer anything specific that other tablets can’t do already and also restricts other features that mom or dad may want to use.
3) Users – I understand that this product attempts to fill a specific niche within the tablet market. I feel that this niche is very specific and way too small to justify the huge startup costs it would take to get it to market. I do not see high school or post secondary students using this device so it becomes restricted to early childhood years.
On a positive note, it is durable and half the cost of the competitors ($250 price range). I would purchase it for my 3 year old to play with but can’t see it as an investment that would yield substantial returns.
Thanks,
Manny
jhodi 6:38 pm on November 30, 2012 Permalink | Log in to Reply
Hi Nureen,
I found your elevator pitch to be packed full of information! I did however have a hard time collecting all of the information the first time through. Perhaps limiting the amount of information and focusing on the key points in your elevator pitch would have allowed me to retain more information as I was a little bit overwhelmed. That said, this is a good learning experience for me as I have had similar issues in the past as well and sometimes have a hard time with the less is more approach. Overall, this seems like a very good idea and something that I would want to use in my own classroom. I was just having a discussion with my students today about the tablet that I use to teach with and how I would like to be able to have a tablet for each one of them to use that is linked to mine. WIth that said, the tablet market is saturated with devices. I would not invest in you venture because there are too many large company competitors that could easily (and I think probably will shortly) create education-specific tablets. Additionally, although $250 is mid-range, this is a device that I think a lot of schools would hesitate purchasing due to the high quantity that they would need, which would be very expensive.
Overall, I thought that you did a great job of your pitches and that they were both very informative and hit the major points.
Jhodi
Patrick Pichette 6:40 pm on November 30, 2012 Permalink | Log in to Reply
Hi Nureen,
Although I can tell you are very enthusiastic about your pitch, I found it impossible to understand what you were saying as it is just too fast for my mind to process. I would need to download your pitch, put it in VLC and then slow down the playback speed to a more human speed. 🙂 I understand that you were trying to maximize your elevator pitch but sometimes less is more and that would be my only real recommendation at this point. I have faith in you but I’m just not sure what you’re pitching.
Suhayl Patel 6:49 pm on November 30, 2012 Permalink | Log in to Reply
Hi Nureen,
I thought you did a really good job on your pitches. Especially your elevator pitch. There was a lot of information packed into that minute and although some may find that it is too much to take in a such a great in such in a short time, I thought it was a great idea to make it a fast pitch. People are busy and can’t afford to spend extra time in listening to a pitch that they might not be intersted in, thus wasting a couple of minutes. I think the way you did your quick elevator pitch, really got the information across without wasting time. It was straight business!
Good work
C. Ranson 7:25 am on December 1, 2012 Permalink | Log in to Reply
Hi Nureen,
You have a good idea but I too think a little late given the market is saturated with tablets and the implementation of BYOD might also impact the success of this venture. I do appreciate how your tablet with be tailored better to the educational environment but I wonder with all the software programs and learning management platforms can this be addressed. Your elevator pitch address all the components of a pitch but was difficult to follow because you spoke so fast, I am confident a slower version would be exceptional. The prezi presentation was also well done but I believe you could have made your pitch with less information.
Catherine