Th i nk O l i oa p lace fo r misce l l aneous minds
The Problem
• No easy way exists to connect hosts, educators, and learners
• Hard to find affordable, high-level classes nearby
• Universities are limiting, exclusive, and expensive
Three Party Solution
Guides
Hosts
Learners
Breakdown
Cost:
$15-$20Number of learners:
10-25
Revenue per class
$150 -$500
x
The Split
Guide
50%
Host
30%
Olio
20%
As Olio scales the percentages can change.
The Lifelong Learner
$17.5 billion personal interest education market
Meetup: 21 million users & 500,000 Meetups a month
The global sharing economy predicted to be $110 billion market
Competition
Expensive
Uncurated
Online only Single Location
Affordable
High-quality, vetted teachers
In-person/social learning
Unlimited locations
Partnerships
Locations Teachers
We are starting to run programming for small businesses, co-working studios, and public schools.
Predicted Growth
Based on the sharing economy & the personal interest education market
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
Year 1 Year 2 Year 3
100 Olios
per month1,000 Olios
per month3,000 Olios
per month
Timeline
February
Began incubator
Launched website
March
Hosted first 2 Olios
Press Coverage in Gothamist, PSFK, and The Skint
April
Hosted 4 more Olios
Revenue of $1500 and mailing list of 700
May20 committed teacher and 15 host location
Quit jobs to commit full-time
What’s Next?
• 10 Olios
• Teacher and host growth
• Add functionality to site
• Guide & host manual
• Referral program
• Full week of Olios where we are not present
Next Steps
High-level learning shouldn’t be confined to universities. Learning in an interactive group setting should be as affordable
and accessible as a good meal, a movie, or a museum visit.
thinkolio.org