59700
Remote Symphony
USA, California
Market: Artificial Intelligence
Stage of the project: Prototype or product is ready
Date of last change: 07.03.2023
Market: Artificial Intelligence
Stage of the project: Prototype or product is ready
Date of last change: 07.03.2023
Idea
Take any work project and turn it into reality without limits—executing projects is as easy as booking an Uber! Build and deliver any work project with AI without project or resource constraints.
Current Status
We are a spin off from a services company with approximately $2.5 M ARR.
We are in the process of building an MVP that should be operational from August 2023.
We are in the process of building an MVP that should be operational from August 2023.
Problem or Opportunity
Only 20% of all projects succeed. Yet, the talent and processes used for accomplishing such an abysmal success rate are slow and expensive.
1. High failure rates of projects
-Team and cultural ideological entrenchment leads to reduced agility
-Poor project management often plague teams
-Management focus should be more strategic and less on execution-related distractions
2. High costs for recruiting (employees or outsourcing)
-Building the right team is like looking for a needle in a haystack
-Overhead is costly: 30% of opex is usually spent in HR and recruiting
1. High failure rates of projects
-Team and cultural ideological entrenchment leads to reduced agility
-Poor project management often plague teams
-Management focus should be more strategic and less on execution-related distractions
2. High costs for recruiting (employees or outsourcing)
-Building the right team is like looking for a needle in a haystack
-Overhead is costly: 30% of opex is usually spent in HR and recruiting
Solution (product or service)
RS is an AI-powered, on-demand, project execution platform without limits. Whenever you need a project done, just define a task and expectations of success, and we’ll handle the rest
RS offers benefits like Flexible/on-demand scaling, Success-oriented blackbox, AI-empowered global talent, Fractional pricing w/o lock-in, Continuous monitoring, Standardization of contracts, tiered resource pricing, project planning, and success management
Such benefits allow managers and executives in American Enterprises better handle successfully routine as well as high profile work projects.
RS offers benefits like Flexible/on-demand scaling, Success-oriented blackbox, AI-empowered global talent, Fractional pricing w/o lock-in, Continuous monitoring, Standardization of contracts, tiered resource pricing, project planning, and success management
Such benefits allow managers and executives in American Enterprises better handle successfully routine as well as high profile work projects.
Business model
Core model has 3 components:
1. Nominal per project Initiation Fee as frivolous project deterrent
a. Hourly Fee to cover cost of service
b. Tiered pricing based on talent’s expertise, Represents ~50% of total revenue but only ~20% of gross profit
2. Delivery Fee and On-Budget Bonus for success alignment
a. IP is transferred when Delivery Fee is paid; ~30% of total revenue and >60% of gross profit
b. On-Budget Bonus paid when below estimated budget; ~7% of total revenue and >15% of gross profit
Majority of gross profit comes from delivery fee and bonus to align us with client
1. Nominal per project Initiation Fee as frivolous project deterrent
a. Hourly Fee to cover cost of service
b. Tiered pricing based on talent’s expertise, Represents ~50% of total revenue but only ~20% of gross profit
2. Delivery Fee and On-Budget Bonus for success alignment
a. IP is transferred when Delivery Fee is paid; ~30% of total revenue and >60% of gross profit
b. On-Budget Bonus paid when below estimated budget; ~7% of total revenue and >15% of gross profit
Majority of gross profit comes from delivery fee and bonus to align us with client
Incubation/Acceleration programs accomplishment
GSD Venture Labs
Presentation
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