QUESTIONS Flashcards
Tip 2: When the pitch is ready, record a video and send it to familiar experts to get feedback and know your weaknesses in advance.
TBA
How will you make money?
Our individual and corporate customers pay a monthly subscription fee for access to our services
“Everyone, and a few startups in front of you, say they can monetize the data they collect. What’s your plan?
We do not plan on monetizing our data. We have a huge invesetment in the privacy and security of our community members. If the information that our platform facilitates (about the motivations, habits, shortcomings and deepest desires of our people) ended up in the wrong hands, it could be detrimentally used to exploit our members.
Wow … Can you explain your business model. Why is it like this?”
Apart from the cost associated with developing and managing our software product, we pay our coaches as independent service providers for each session that they do. That requires us to have a recurring form of income to cover that continued expense. For that reason, a subscription model is more appropriate for our expenses and needs.
How is your company promoting or planning to sell its products or services?”
Two of our biggest channels for promotion include our partnerships and alliances, along with our event programming. Our partnerships get us in front of thousands of active customers within our target demographics, and our free events allow us to attract customers into our funnel. The goal with our partnerships, notably, our partnerships with wellness providers like the YMCA, is to expand our collaboration with the organization (of which there are 2,700 locations in the U.S. alone). With over 13 million adults, we benefit from gaining even a small portion of their members.
What happens to your business model if you turn off ads?”
We do not derive revenue from advertisements.
How well does your model scale across target sectors?
Our model scales well across all three of the markets that we are pursuing in our product suite. The core tenets of our service and software offerings includes one-on-one virtual coaching, events and programming, online communities frp
Is monetization working now?
TBA
At what point do you take the money?
TBA
Did you consider the unit economy?
TBA
Your operating costs do not increase in your financial forecast. Why is that?
TBA
Is your plan to receive money as a subscription?
TBA
What’s your monetization strategy?
TBA
How will you make money for your investors?
TBA
Tell us, how are you going to start sales? And how do you plan to develop them?
TBA
What sales have you already had?
TBA
What is the margin?
TBA
I think you are asking too high a price. Will not take off.
TBA
What is the cost of attracting one customer?
What’s your marketing budget?
TBA
How long does it take to become profitable?
How much money will be spent until the startup gets to profitability?”
TBA
If I invest, how much money will you make over the next year?”
TBA
What CAC?
TBA
What’s your sales forecast?
TBA
What is the assessment methodology? “
TBA