the right bussiness model to succeed in edtech by mike from top hat -techto march 2015
TRANSCRIPT
Join code: 643 472 URL: tophat.com/e/643472
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Join code: 643 472 URL: tophat.com/e/643472
Join code: 643 472 URL: tophat.com/e/643472
• Education technology startup
• Founded 2009
• $20M VC raised
• $8M in revenue
• 100 employees
Top Hat
What is Top Hat?A mobile first student engagement system
Join code: 643 472 URL: tophat.com/e/643472
Enterprise sales:
• Painfully long sales cycles
• Impenetrable bureaucracy
• Low risk-tolerance
Business Model v1
Business Model v2
Grassroots:
• Go via profs and students
• Single decision maker
• Fast adoption cycle
Land and expand?
• Is this land-and-expand?
• Principal-agent problem
• Can be good and bad
Similar models
Pharma selling via doctors
Car mechanics
Approved vendors model
Other similar models?
Join code: 643 472 URL: tophat.com/e/643472
Questions?
Mike [email protected]