Foreign language learning is daunting, lonely and boring. Less than 1% of the 120 million users of the most popular language learning app complete a full language course. And those that do complete it don’t get proficient enough to use it.
To make language learning real-life and social. The way you learnt your native language. With augmented reality multi-player mobile games.
Pre-revenue proof-of-concept: Customer Promise, Product Deliverability, Revenue Model.
Addressable market of 1 billion individual foreign language learners globally. Target of 1:10,000 market share (100,000 paying customers) in 3 years to 1:100 (10 million) in 5 years.
Two core market segments:
(1) Online foreign language learners.
(2) Language learning students (support or replacement to school language curriculum).
Download smartphone app. Enjoy real-life language learning (one click away challenges and mini competitions). Play alone or in multi-player mode. It is social and makes use of engaging augmented reality.
PR, word-of-mouth, and social media campaigns.
App store and website download.
In app prompts and share/invites.
App store downloads.
Squeeze page download.
Free trial to individuals up to stage 2 of application. Then monthly individual fee at <$19/month. 3 year target is $5 million monthly recurring revenue (from full launch) growing to $50 million in 5 years.
Augmented reality engine and language/photo connection.
Language forums and events.
Language learning experts.
UX/UI and Tech Development team OpEx.
Marketing/Sales team OpEx.
Tech infrastructure OpEx and CapEx.
These heroes developed and proved Amigos Startup’s Customer Promise, Product Deliverability, and Revenue Model.
As a Moonwalk company, this startup is developed in 100 days stages from conception to growth.
Minimum Viable Product: Prototype (one that works to unsupported showcase the customer experience).
Minimum Viable Market: Close to home first customers (presales).
Minimum Viable Team: Two to three people to cover Customer promise/sales and Product development/delivery.
Minimum Viable Investment: Just Operating Expenses (time/prototype cost) of kr 500,000 ($62,500).
Series 0 production roadmap and products.
Sell to first 100 customers.
Team of customer developer, product & delivery developer, and revenue model developer.
Minimum CapEx investment.
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