Sunday, January 2, 2011

Our great business venture.

So, a week ago Dillon thought of a great idea: Just like there is an applyTexas.com, there should be an applyUSA.com sort of website. Basically a website that you can use to apply to any college in the US and then see your acceptances all on one page. He told the idea to Andy and Kief today. They all got really excited about the idea and started doing research, looking up colleges and what areas had the most, and looking into domain names. They decided on the domain name "AmIAccepted.com." They were so convinced this website was a necessity for the human race that they started writing a business plan and bought the domain name for it. Then Boris came in. They told him about their incredible idea. He responded, "Are you joking?" What Captain Buzzkill then proceeded to tell them was that, "The website already existed and had a monopoly. It's called the "common app" and is used by all private colleges. It has been around for 35 years. All public colleges have a state wide website."
Determined to not let their investment go to waste, they started brainstorming what to do with their new ownership in a domain name. After toying with the ideas of a website to help depressed people and just a blank page with the the words, "Yes you are." on it, they decided they did enough stupid, but hilarious, shit every day to warrant a blog.
Below is the original business plan:

AmIAccepted.com Business Plan

Features
  1. You can see the status of your application to colleges nationwide
  2. Future Features
    1. Apply to colleges nationwide from our portal
    2. See what documents or records colleges still need
    3. Check application deadlines and requirements
  3. Branch out into things such as welfare applications, military applications, government jobs, private sector jobs...
  4. Have a job board for private jobs and gov’t jobs
Launch
  1. California
  2. Florida
  3. New York
  4. Start at small schools in areas around large universities
Revenue Streams
  1. Advertisements to students
  2. A paid premium level for students with premium features
  3. Textbook store
  4. Selling analytics to colleges nationwide
    1. Info about where students are applying/demographics
  5. Eventually charge universities, military, gov’t...
  6. Charge for the job board
Marketing
  1. Facebook Advertisements to students
  2. Direct calls and meetings with school representatives
Funding Sources
  1. Micro Investing
  2. Angel Investor
  3. VC firm
Exit Strategy
  1. Buyout by a company such as monster.com or myedu.com
  2. Get bigger than a company like monster.com
Leadership
  1. Dillon 40%
    1. Chief Executive Officer
  2. Kief 25%
    1. Chief Operating Officer
  3. Andy 25%
    1. Chief Technology Officer
  4. Boris 10%
    1. Chief Diversity/Financial Officer
New AmIAccepted.com Business Plan

Write a blog about the stupid shit we say and do every day
Put google ads on our blog to make money

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