Creative founder pre pitch: The Repository
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Transcript of Creative founder pre pitch: The Repository
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Our mission is to demystify on-going technology research projects, by creating a publishing platform that encourage the sharing of process and progress.
Mission
Research funding is hard to receive.
Repositories leave you disconnected from researchers' intentions and motivations.
No easy way exists to share project progress or gain support from fans.
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Problem
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Technology enthusiasts can view and financially support research projects to:
Researchers can share on-going projects to:
Donate with money
Gain knowledge by seeing projects
Show support by engaging
Make money to sustain projects
Share process to increase transparency
Receive support to proof interests
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13,818,641Total Backers
4,475, 632Repeat Backers
Revenue: 26.4M
65,000+Creators
1,000,000Active Patrons
Revenue: 7.5M
25,000,000Total Users
Revenue: 70M
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M a r k e t V a l i d a t i o n
Sources: Github, Patreon, Kickstarter
$16.2 BILLION$110M
$11M
Crowdfunding(global)
crowdexpert.com
Combined revenue of competitors
krowdster.comSources:
Vator.tv
10% of Combined revenue of competitors Total Available Market
Serviceable Available Market Share of Market
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M a r k e t S i z e
We take 5% of all contributions
B u s i n e s s M o d e l
$550K
F i r s t y e a r
r e v e n u e
$11M
1 0 % o f c o m b i n e d
r e v e n u e o f
c o m p e t i t o r s
$4
5 % o f a v e r a g e
t r a n s a c t i o n
9Source: crowdforce
S h a r e o f M a r k e t
Dual posting Partnerships Strategic targeton GitHub & Patreon to increase research
access at academic hackathons & faculty
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A d o p t i o n S t r a t e g y
F E E D B A C K L O O P
for better communication & collaborative tool for working with other teams.
E A S E O F U S E
platforms enables cross sharing on multiple platforms where collaboration can occur.
R E S E A R C H E R I N C E N T I V E
motivates researchers to purse more experiments through various means other than monetary.
F I R S T T O M A R K E T
for a researcher focused platform created to display process and progress as well as funding
from outside parties.
I M P R O V E D V I S I B I L I T Y
to lower down boundaries for the collaborative process to occur.
S T A K E H O L D E R T R A N S P A R E N C Y
to remove doubt and bring in specialists to fix problems at the point in which it is found.
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W h a t M a k e s U s D i f f e r e n t
CFO
WEI WEI HSU NINO PANES ALEX SHON KAILEN SWAIN
CEO CTO CMO
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The Team
Former R&D at a biotech startup Researcher at UC Berkeley
Student Researcher at Dynamic Land & YCombinator
Foreign connections to startup ventures overseas
Family Business and Financial Operations
Joi Ito: How Can We Harness Technology To Innovate From The Bottom Up?
W h y n o w ? W h y i n v e s t m e n t ?
C O L L A B O R A T I O N C O S T
The cost of collaboration, communication
and distribution is going down.
R A I S E M O N E Y
No other point in history are people
able to raise money as easily.
M O O R E ' S L A W
There is an acceleration in
the speed of change
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01 Mission
02 Problem
03 Solution
04 Validation
Appendix
Why now
Research models
Case study
Acquisition
05 Market size
06 Business model
07 Adoption
08 Competition
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Why now Why investment
How did a bunch of amateurs who really didn't know what we were doing somehow come together and do what NGOs and the government were completely incapable of doing? And I would suggest that this has something to do with the Internet. It's not a fluke. It wasn't luck. And it wasn't because it was us. It helped that it was a event that pulled everybody together, but it was a new way of doing things that was enabled by the Internet and a lot of the other things that were going on.
What happened after the Internet was the cost of innovation went down so much because the cost of collaboration, the cost of distribution, the cost of communication and Moore's Law made it so that the cost of trying a new thing became nearly zero. And so you would have Google, Facebook, Yahoo students that didn't have permission - permissionless (ph) innovation - didn't have permission, didn't have PowerPoints. They just built the thing. Then they raised the money. And then they sort of figured out a business plan. And maybe later on, they hired some MBAs.
Source: npr
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Moore's Law
Moore's prediction proved accurate for several decades, and has been used in the semiconductor industry to guide long-term planning and to set targets for research and development. Advancements in digital electronics are strongly linked to Moore's law: quality-adjusted microprocessor prices, memory capacity, sensors and even the number and size of pixels in digital cameras. Digital electronics has contributed to world economic growth in the late twentieth and early twenty-first centuries. Moore's law describes a driving force of technological and social change, productivity, and economic growth.
Moore's Law - Wikipedia
Source: Wikipedia
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Molecule
People
Problem Solution
R e s e a r c h e r s & S c i e n t i s t s s e a r c h i n g f o r f u n d i n g
H a r d t i m e s h a r i n g t h e p r o c e s s a n d p r o g r e s s a s w e l l a s f u n d i n g .
T h e R e p o s i t o r y - D i g i t a l p l a t f o r m f o r o n l i n e v i s i b i l i t y
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Molecule 2
People
Problem Solution
T e c h n o l o g y E n t h u s i a s t s
W a n t t o g i v e t i m e m o n e y a n d i n t e l l e c t t o e m e r g i n g t e c h n o l o g y
T h e R e p o s i t o r y - A l l o w s f o r c o l l a b o r a t i o n a n d v i s i b i l i t y b / w s t a k e h o l d e r s
Practical Use?
Quest for Fundamental Understanding?
Yes
No
Yes No
Pure Basic Research
Use-Inspired Basic Research
Unnamed Pure Applied Research
Early 20th Century Atomic Physicist
DARPA
Thomas Edison
Donald E. Stokes, Pasteur’s Quadrant: Basic Science and Technological Innovation, Brookings Institution Press, 1997
Pasteur’s Quadrant
Target City:
San FranciscoThere are many variations of passages of Lorem Ipsum available, but the majority have suffered alteration in some form, by injected humour, or randomised words which don’t look even slightly believable.
V I E W M O R E
Citation
38Subtitle or a work citing
"About." GitHub. Accessed November 07, 2017. https://github.com/about.
Crane, Matthew. "Fun Facts." Patreon Blog. Accessed November 4, 2017. https://blog.patreon.com/10-fun-facts-patreon/.
"Crowdfunding Industry Statistics 2015 2016." CrowdExpert.com. January 12, 2016. Accessed November 07, 2017. http://crowdexpert.com/crowdfunding-industry-statistics/.
"Does Kickstarter Still "Own" Indiegogo?" Kickstarter-indiegogo-cumulative-funding. November 10, 2016. Accessed November 07, 2017. https://www.krowdster.co/blog/kickstarter-still-indiegogo.html.
"Joi Ito: How Can We Harness Technology To Innovate From The Bottom Up?" NPR. September 29, 2017. http://www.npr.org/2017/09/29/554193906/joi-ito-how-can-we-harness-technology-to-innovate-from-the-bottom-up.
Loeb, Steven. "How does Indiegogo make money?" Vator.tv. April 4, 2014. Accessed November 4, 2017. http://vator.tv/news/2015-04-04-how-does-indiegogo-make-money#yLgUUVrpVdRxz0Fm.99.
Lunden, Ingrid. "ResearchGate raises $52.6M for its social research network for scientists." TechCrunch. February 28, 2017. Accessed November 07, 2017. https://techcrunch.com/2017/02/28/researchgate-raises-52-6m-for-its-social-research-network-for-scientists/.
"Moore's law." Wikipedia. November 06, 2017. Accessed November 06, 2017. https://en.wikipedia.org/wiki/Moore%27s_law.
Rick Rieder - Disclosure • BlackRock | Dec 24, 2015 9:32 am EST. "Tech Adoption Rates Have Reached Dizzying Heights." Tech Adoption Rates Have Reached Dizzying Heights - Market
Realist. Accessed November 05, 2017. http://marketrealist.com/2015/12/adoption-rates-dizzying-heights/.
"Stats." Kickstarter.com. November 6, 2017. Accessed November 6, 2017. https://www.kickstarter.com/help/stats.
"The Average Crowdfunding Contribution is $80: What That Means for Platform Owners -." White label crowdfunding platform software. October 27, 2012. Accessed November 04, 2017. http://crowdforce.co/average-crowdfunding-contribution-is-80/.
Wikipedia contributors, "Moore's law," Wikipedia, The Free Encyclopedia, https://en.wikipedia.org/w/index.php?title=Moore%27s_law&oldid=808907567 (accessed November 6, 2017).