1. Exploring The Potential of An Education Startup Incubator & (Separate But Related) Funding the Incubator Mark Lee May 2011
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4. Geographic Competition Local Startup Incubator(s) Our Incubator Well-Established Brand-New Local Attractor National Attractor Broad Deep (?) External Funding Funding Available
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6. US-Based Vertical Competition Might Overlook Global Market Competition What about Int’l Markets STEM to the US Creativity to the ROW Gaming the SAT in China (??) K-12 STEM Creativity
7. How to Make Money (Exit Strategy)? Investment Valuation Comments $20K for 5% $400K $20K for 8% $250K $20K for 10% $200
8. Proposed 10-MonthTimeline (Jun ‘11 –Mar ‘12) Before Incubator Jun July Aug Sep Early Sep: Startup Weekend Incubator Aug Conduct College Admissions Seminar Sep Open Selection Process to All Nationwide Select Applicants from Startup Weekend Oct Begin Incubation Nov Continue incubation Dec Continue incubation Take Christmas Break Jan Launch @ FETC Conference Feb Present to Investors Mar Evaluate Incubator Results
http://douglascrets.com/2011/03/24/y-combinator-of-education-receives-40-applications-in-first-week/ 40 applications by Mar 24, 2011 (within 1 week of incubator’s March 17 th launch)
http://douglascrets.com/2011/03/24/y-combinator-of-education-receives-40-applications-in-first-week/ 40 applications by Mar 24, 2011 (within 1 week of incubator’s March 17 th launch)
1-day (8-5) seminar - Grade 12: Include 2 essay reviews; Subsequent reviews @ 125; Non-participants @ $150 Earlier grades: accrue 1 essay/year of participation Comparison: $8,000/3 days; $14,000/4 days
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