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Please answer in 30 minutes as it's in urgent!!! Your new startup, FundMe, will offer loans to students for their undergraduate college tuition. FundMe will
Please answer in 30 minutes as it's in urgent!!!
Your new startup, FundMe, will offer loans to students for their undergraduate college tuition. FundMe will raise money from the alums of a university and then make loans to the undergraduates of that university. For each 10,000 dollars loaned to a student: (1) After graduation, the student will pay 3% of his/her compensation per year for 7 years to FundMe. (2) If in any year, the compensation is less than 35,000 dollars, the 3% payment is not made to FundMe, and that year is not counted towards the 7 year commit- ment. FundMe's business model is straightforward: the money returned by the students is divided up - 83% to alums who funded the loan, and 17% is kept by FundMe for itself. 1)Please provide value proposition for FundMe. 2)Please provide the total market size, beachhead market(s), beachhead marketing techniques and the overall marketing techniques. Your new startup, FundMe, will offer loans to students for their undergraduate college tuition. FundMe will raise money from the alums of a university and then make loans to the undergraduates of that university. For each 10,000 dollars loaned to a student: (1) After graduation, the student will pay 3% of his/her compensation per year for 7 years to FundMe. (2) If in any year, the compensation is less than 35,000 dollars, the 3% payment is not made to FundMe, and that year is not counted towards the 7 year commit- ment. FundMe's business model is straightforward: the money returned by the students is divided up - 83% to alums who funded the loan, and 17% is kept by FundMe for itself. 1)Please provide value proposition for FundMe. 2)Please provide the total market size, beachhead market(s), beachhead marketing techniques and the overall marketing techniquesStep by Step Solution
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