Photo - Feel Grow
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Feel Grow

Online education

USA, Florida
Market: Education, training, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 28.01.2024
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Idea

FeelGrow is an educational AI powered APP that specializes in providing concise 15-minute courses, an extensive library of reading materials, and an array of productivity tools.
Its contents are thoughtfully curated to enhance professional development.

Current Status

Traction December 2023

Monthly Total Revenue : 22 000 $
MRR : 12 500 $
Targeted Advertising Budget : 19 985 $
Paying Users : 1040
Burn Rate : 27 385 $

Market

Novice entrepreneurs 20-40 y.o.
Junior employees 25-34 y.o.
Ambitious students 20-24 y.o.

Markets : whole world, especially US, UK, Australia, Canada

TAM : 582 million entrepreneurs X $89 ARPPU -> $51.8 billion
SAM : 31 million English-speaking X $89 ARPPU -> $2.7 billion
SOM : Targeting 10% of SAM at $89 ARPPU -> $275 million

Problem or Opportunity

In a rapidly changing information world, brevity and practical application are key. Often, people are not ready to spend their time reading a book in full or completing a course.

Solution (product or service)

Business-Focused EdTech platform for streamlined micro-learning

Competitors

Coursera, Udemy, Khan Academy, Headway, Blinkist

Advantages or differentiators

Price : Relatively low cost

AI : Advanced customizable AI

Range : Wide selection of books and courses

Personalization : Utilizes AI to tailor tasks and goals to the individual's learning journey.

Holistic approach : A comprehensive learning system that integrates courses, summaries, and productivity tools.

Finance

Cost Structure :
Content Creation
Marketing and Customer Acquisition
Technology and Development
Operational Expenses
Legal and Compliance

Business model

Freemium subscription :
Getting a critical mass of users and metrics for expansion 2023-2024.

Educational Marketplace :
FeelGrow will connect students with industry experts for specialized learning 2024-2025

Consultation and mentoring :
Expérience and knowledge exchange platform in consultation mode 2024-2025

Metrics :
MAU -> 8 290
CAC -> $35.49
ARPU -> $2.9

Money will be spent on

Content Creation
Marketing and Customer Acquisition
Strategic Partnerships and Collaborations
Expanding and entering new markets

Offer for investor

$300 000 for a 10% equity stake

Team or Management

Risks

Market Competition, User Acquisition Cost, Regulatory Changes
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
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