Portable profiles for learners on the go:
[youtube]http://youtu.be/4xFVzPUg-Ys[/youtube]9 thoughts on “MEgo”
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Portable profiles for learners on the go:
[youtube]http://youtu.be/4xFVzPUg-Ys[/youtube]You must be logged in to post a comment.
No, I would not back this venture. MEGo’s representative, Ariel, seems sincere, and the slightly-unprofessional video quality does enhance this – it looks like they really do want to do well but just need a leg up. She indicates that MEGo is “already making money” – but how (advertising, subscription fees?) , and how much? MEGo’s proposed investors indicate that they see it as a way for the user to actively engage with their products, taking social media to a newer, more sincere level. But as an Educational Venture Analyst, I don’t see how that will be useful in education any more than built-in course discussion tools, a well thought out use of social media, or even an intelligent auto-completer might be. MEGo’s rep didn’t answer that for me, so, as the dragons say, I’m out.
It’s funny when you write it and refer to the dragons I can hear the Canadian pronunciation of out automatically. I took a quick look at the video and agree with you on your analysis, I don’t see the value either.
MEgo is running headlong into the market niche currently owned by AboutMe.
Not seeing the differentiator, and neither did our EVAs.
You’re right, Sarah. I am slightly confused at how they are able to generate any revenue from what they’ve described. While the presentation was quite well done, there is an inconclusive and disconnected feeling as the video came to an end. Values? I see very little of it as well.
No, I would not invest in this venture, but it does intrigue me. The spokesperson, Ariel, she was exuberant and enthusiastic about he product and what it does. They are looking for that immediate input of funds so that they can move forward.
I have to disagree with the others on this one. I agree that the unprofessional nature of the video (with the strange mask that just seems unnecessary) is distracting; the core ideas of a good pitch are there. The pitch-woman comes off as enthusiastic and knowledgeable. Moreover, by the end of the pitch I know exactly what the product does and can easily recognize its value. She does well to outline the “pain point”, and it is one that, while more “inconvenience” than “pain”, is instantly recognizable to anybody who has joined multiple social networks, or other websites that require an online profile. Furthermore, I have a real sense that this project already has the corporate backing and market strategy in place to provide an immediate ROI. I’m buying!
Interesting. I didn’t realize this before posting my support of the product. Perhaps I need to do a better job of my research before investing 🙂
I am kind of iffy on this one. Too be honest I need more information. On the one hand, the product seems to be nearly market ready, has a lot of potential for growth and has some potential buyers/investors lined up. On the other hand, there is a lot of emphasis on corporate buzzwords in this speech which makes me a little hesitant, though that ‘s personal. A good pitch should not need too many buzzwords but can back up their ideas with details. They also are vague on some details such as they have lots of companies interested, but other than Addidas, they don’t drop any names. As you learn on Dragon’s Den, people often say they are interested, but the proof is in the sales. Though they do fill a pain point, the question I have is how smart is this widget and how secure is it? Personal profiles often require different information – from superficial likes, country etc. and people sometimes tend to want different info on different pages – for example, my facebook page is very bare, but my Linkedin profile has tons of information. Does the widget allow for that? She also does not address how her product is different from competitors – I’d like more info on this.
If push came to shove, I probably would not invest in her company, but mainly for the reason I went to her homepage and all that came up was the logo. No other information or links to other pages. If you are selling a social media product – then an online presence is critical.
I would back this venture. The pitch was no worse than some of the other pitches we’ve heard. The idea is not original, as David points out, about.me already does this type of work, but to be honest I had to look up about.me to know what they did. So I believe the market could be in place for a venture of this type. I would want to see some examples of profiles. If there are already making money, there is value there, I would just want to see some sizzle first. They could play up the number of social sites that crop up each day and how much easier it is to create one profile.
I really like the plan. Count me in.