Our team intends to have a firm release date of I Read You for the 2016-2017 school year.
As aforementioned, our plan is to have a 1% share of the public education market for that year. Our market reach targets for the following two years are 2.5% and 5%.
With a $5 per student yearly subscription model, our projected gross incomes will be $2.75 million for our first year of release and $6.875 million and $13.75 million respectively for our next two years. At this point, we can determine if our market reach is well-enough established to increase our subscription to $10 per student.
We are looking for an investor who is willing to invest in an educational technology market that is rapidly growing.
As aforementioned, our plan is to have a 1% share of the public education market for that year. Our market reach targets for the following two years are 2.5% and 5%.
With a $5 per student yearly subscription model, our projected gross incomes will be $2.75 million for our first year of release and $6.875 million and $13.75 million respectively for our next two years. At this point, we can determine if our market reach is well-enough established to increase our subscription to $10 per student.
We are looking for an investor who is willing to invest in an educational technology market that is rapidly growing.
Our operating costs would be $240 000 in salaries, and $100 000 in operating costs each year. Our expected net gain for the first year would be $2.41 million.