Smartpitch Olio

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Think Olio a place for miscellaneous minds

Transcript of Smartpitch Olio

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Th i nk O l i oa p lace fo r misce l l aneous minds

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The Problem

• No easy way exists to connect hosts, educators, and learners

• Hard to find affordable, high-level classes nearby

• Universities are limiting, exclusive, and expensive

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Three Party Solution

Guides

Hosts

Learners

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Breakdown

Cost:

$15-$20Number of learners:

10-25

Revenue per class

$150 -$500

x

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The Split

Guide

50%

Host

30%

Olio

20%

As Olio scales the percentages can change.

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The Lifelong Learner

$17.5 billion personal interest education market

Meetup: 21 million users & 500,000 Meetups a month

The global sharing economy predicted to be $110 billion market

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Competition

Expensive

Uncurated

Online only Single Location

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Affordable

High-quality, vetted teachers

In-person/social learning

Unlimited locations

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Partnerships

Locations Teachers

We are starting to run programming for small businesses, co-working studios, and public schools.

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Predicted Growth

Based on the sharing economy & the personal interest education market

$0

$1,500,000

$3,000,000

$4,500,000

$6,000,000

Year 1 Year 2 Year 3

100 Olios

per month1,000 Olios

per month3,000 Olios

per month

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Timeline

February

Began incubator

Launched website

March

Hosted first 2 Olios

Press Coverage in Gothamist, PSFK, and The Skint

April

Hosted 4 more Olios

Revenue of $1500 and mailing list of 700

May20 committed teacher and 15 host location

Quit jobs to commit full-time

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What’s Next?

• 10 Olios

• Teacher and host growth

• Add functionality to site

• Guide & host manual

• Referral program

• Full week of Olios where we are not present

Next Steps

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High-level learning shouldn’t be confined to universities. Learning in an interactive group setting should be as affordable

and accessible as a good meal, a movie, or a museum visit.

thinkolio.org