the right bussiness model to succeed in edtech by mike from top hat -techto march 2015

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Page 1: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Join code: 643 472 URL: tophat.com/e/643472

Page 2: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Pick a random number between 1 and 10

Join code: 643 472 URL: tophat.com/e/643472

Page 3: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Join code: 643 472 URL: tophat.com/e/643472

• Education technology startup

• Founded 2009

• $20M VC raised

• $8M in revenue

• 100 employees

Top Hat

Page 4: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

What is Top Hat?A mobile first student engagement system

Join code: 643 472 URL: tophat.com/e/643472

Page 5: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Enterprise sales:

• Painfully long sales cycles

• Impenetrable bureaucracy

• Low risk-tolerance

Business Model v1

Page 6: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Business Model v2

Grassroots:

• Go via profs and students

• Single decision maker

• Fast adoption cycle

Page 7: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Land and expand?

• Is this land-and-expand?

• Principal-agent problem

• Can be good and bad

Page 8: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Similar models

Pharma selling via doctors

Car mechanics

Approved vendors model

Page 9: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Other similar models?

Join code: 643 472 URL: tophat.com/e/643472

Page 10: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Questions?

Page 11: The right bussiness model to succeed in EdTech by Mike from Top Hat -TechTO March 2015

Mike [email protected]