easyrider business proposal

21
Need a ride?

Upload: ken-nguyen

Post on 29-Jul-2015

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TRANSCRIPT

Need a ride?

Map where Riders can see drivers in real time

Users enter their normal driving or traveling route

Message Board

User Profile

Networking

Cheap Rates

Exclusive for

University Students

Convenient

Safe Around the

Clock

Is there a need?

How far would you need to go?

How often would you use this service?

What is the most you would pay for a ride?

How to make money

● Membership fee - $19.99 / year ● Mileage fee - $1.00 / mile

Target MarketEstimated UTD Student Population: 23,000Estimated International Student Population : 5700Estimated number of Bus Pass holders: 12,000 * We are looking at implementing this app to the whole UT system

Financing Sought● Website/mobile app development = $200,000

● Website/app moderator = $48,000

● Marketing costs = $24,000

● Administrative costs = bootstrapping $0

● Total sought = $272,000

Investor will receive 25% equity

CROWDFUNDING

BOOTSTRAPPING

Venture Team

● App Developer● Marketing ● Administration● Legal

Formula for an EasyRide..

YEAR 1 → 10 miles * $0.60 * 1 * 32 weeks * 1,200 students + $24,000 =

$254,400

YEAR 2 → 10 miles * $0.60 * 1 * 32 weeks * 2,200 students + $44,000 =

$466,400

YEAR 3 → 10 miles * $0.60 * 1 * 32 weeks * 4,200 students + $84,000 =

$890,000

Mileage * Price * Frequency * 32 weeks * 10% of BP + Membership Fee = REVENUE

Connecting students to save time, money, and the environment.