Indian team of strivers wants to create a super education platform to allow the children of strivers get more entrepreneurial resume experience for getting into elite colleges. Reminds me of Open English Junior for children.
|1. Fundraising Target?||$1m|
|2. Fundraised So Far?||$134k|
|3. Pre-Money Valuation?||$6m|
|4. Previous Year's Annual Revenue||$12k|
|5. Previous Year's Annual Burn||~$39k|
The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)
|1. A startup that is based in SV?||Yes: San Jose, CA|
|2. Has at least 2 founders?||Yes: Three|
|3. Has product in the market?||Yes:|
|4. 6 months of continuous user growth or 6 months of revenue?||Yes|
|5. Notable investors?||No|
|6. Post-funding, will have 18 months of runway?||Yes If they can raise the entire round|
|1. Engineering?||2||Need to trial the product (tinyurl.com/msjtrial), but honestly this sounds like a platform play like Open English Junior, a kids EdTech platform I helped build in 2017.|
|2. Timing?||3||Good, EdTech platforms is a good time|
|3. Monopoly?||2||Seems like a lot of Indian funders/enthusiasm from Indian youth on the platform|
|4. People?||2||Entrepreneurial but no one with a background in EdTech.|
|5. Distribution?||2||Lots of B2C and trying to get parents to pay.|
|6. Durability?||3||If they can build a credible brand, very good.|
|7. Secret?||4||In the vein of parents spending lavish amounts of money prepping their kids for college, there is demand for an outcome based entrepreneurship academy.|
What has to go right for the startup to return money on investment:
- Helps Kids
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