Assignment 3: Venture Pitch DolFin
It’s been interesting and,
i have had my share of technical difficulties.
I tried about 20 different permutations of technical fixes while recording this pitch, but couldn’t get it to come out both a compressed and, well not an art piece. If anyone has suggestions on tech support, I can repost if it works. For now, here’s my workaround.
Please watch my Elevator Pitch video:
https://www.youtube.com/my_videos_edit?ns=1&video_id=a-YGEHsxcWI
to this Prezi:
http://prezi.com/k1ojfmmrlsgp/present/?auth_key=k1xw7zp&follow=0aluk34gfd_y&rc=ref-12677647&kw=present-k1ojfmmrlsgp
Venture Pitch: (go to our library)
Posted in: General, Venture Forum
kstackhouse 9:34 am on November 26, 2012 Permalink | Log in to Reply
Franc,
I tried to view your video but it looks like the link you sent is for the location within your video. You might have to update the link to show the url for the video outside of your video manager. Also, you can embed the video directly into the blog if you wanted to. Just click on the youtube button and paste the video url into place. Hope this helps.
Ken
lullings 10:46 am on November 26, 2012 Permalink | Log in to Reply
Hey Frank,
The youtube link doesnt work as it is linking to your videos you uploaded page rather than anyone in particular. This just brings me to my video upload page so cant see yours at all.
The Prezi is giving me an error as well.
You said that you were having trouble with the export. Lash me off an email with details of what program you are coming from, what OS you have, and what you recorded it using and hopefully I can help.
Cheers
Stuart
Ranvir 4:10 pm on November 26, 2012 Permalink | Log in to Reply
Frank, the YouTube link does not work..
Kent Jamieson 12:47 pm on November 27, 2012 Permalink | Log in to Reply
Not to sound too redundant, but I can’t view your video or prezi either.
frank 9:48 pm on November 27, 2012 Permalink | Log in to Reply
Hi Guys, I did a complete re-install; try this now:
http://youtu.be/3rlC9HA1p80
Lisa Nevoral 10:44 pm on November 27, 2012 Permalink | Log in to Reply
Hi Frank,
I can see your YouTube video, but not your prezi.
Lisa
jkotler 6:38 am on November 28, 2012 Permalink | Log in to Reply
Hi Frank,
While I too was unable to find your prezi, I did watch your elevator pitch on YouTube. From that I think you have a great concept but it was somewhat unclear to me if the key features or purpose is to teach users about finance, create a budget for them or both? As well, I saw there was mention of users interacting with one another and I would have liked to know more about how that would work.
Julie
Kent Jamieson 8:37 am on November 28, 2012 Permalink | Log in to Reply
I agree with Julie that your concept seems great, as i think there is a need for this type of learning, but it was a little confusing knowing exactly what ‘Dolfin’ does.
I’m sure your venture pitch will add greater depth, but i’m not sure with the limited information gained from the initial pitch that investors could go any further.
Do you explain where the 500K goes as well? I may be off base, but that number just sounds huge for the application you’ve explained.
Thanks,
Kent
frank 7:48 pm on November 28, 2012 Permalink | Log in to Reply
Hello,
Thank you for your feedback. The Prezi is embedded in the Youtube video, so I did not post it separately.
DolFin is a LMS/CMS Platform that brings together budgeting tools, financial education content and social applications to make financial learning simple and fun. It can be utilized by teachers and and education providers as an all-in-one reservoir to draw from for tools, content and connectivity, so that they can focus their efforts on facilitating the learning process.
The budget is further laid out in the Venture Pitch; and the $500K covers both the Pilot and Alpha Launch development. Since you have $1 Million to invest on this, Investing in DolFin will allow you to fund something that’ is uniquely different and innovative, while having $500K left to invest in an another venture as well.
Cheers!
rebeccaharrison 9:49 am on November 29, 2012 Permalink | Log in to Reply
The elevator pitch is intriguing, but I don’t think it provides enough information for who would use it and what they would use it for. People are typically private about finances so I’m not sure whether that social media bit would be a good thing (as it would encourage sharing of ideas, etc.), or whether it would just turn people off. Finances are an area that everyone has interest in, but just based on the elevator pitch I would not invest further.
Peggy Lawson 8:48 pm on November 29, 2012 Permalink | Log in to Reply
Hi Frank – An interesting venture idea. I think there is a market for people who would enjoy online classes in financial education, based on their needs. For evaluating the brief elevator pitch, I like focusing on these guidelines, realizing that the brief elevator pitch likely won’t touch on all aspects:
* Pain Point: the market gap or problem the venture is addressing;
* Solution: the new product or service that resolves the pain;
* Differentiation: the reason someone will buy or use this new product or service, versus the alternatives;
* Marketing: where and how buyers/users will be reached;
* Championship: the competency of the venture’s leaders and advisors;
* Competition: an overview of competitors and partners;
* The Ask: how much money, etc, is required to take the next step; and
* The Return: how much and how soon will an investor be recompensed
You managed to touch on most of these during the brief pitch which I found impossible to do – well done. However, for me I would have liked to have been drawn into your vision a little more deeply; perhaps spending a bit more time highlighting a few of your more essential or engaging aspects, rather than briefly covering many of them, would have attracted me more towards your venture. With my limited ability to fund ventures, I may have to pass on this particular one. But I wish you success, as I do think there is some potential here.
manny 3:42 pm on November 30, 2012 Permalink | Log in to Reply
Hi Frank,
For some odd reason, when I click on your elevator pitch it goes to my videos in my personal video manager for youtube. The prezi also doesn’t seem to work, I get a message of ….
The presentation you wanted to join either did not exist, or it has already ended.
Please check the URL and come back!
Thank you for your patience,
The Prezi team
frank 4:31 pm on November 30, 2012 Permalink | Log in to Reply
Hi manny, please see my post: frank 8:48 pm on November 27, 2012
jhodi 4:53 pm on December 1, 2012 Permalink | Log in to Reply
Hi Frank,
I think that you have a very marketable venture here. As a math teacher that teaches finance to high school students, I am always looking for engaging resources such as this that would help students learn in practical situations. I watched your elevator pitch and read what you stated would be in you venture pitch. I would like to invest in this venture, but I would want to know more about it first. I would like to know exactly how it works and what the future plans are for this venture.
Overall, I think that you did a very good job creating your pitch and have caught my attention!
Jhodi