Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

There is a startup that helps international students get into university (undergrad) in the US. They have launched with mainland Chinese students but plan to

There is a startup that helps international students get into university (undergrad) in the US. They have launched with mainland Chinese students but plan to go after all international students in the long term. They have 2 revenue streams: One time flat fee of $5000 USD for an online assessment, online resources and content and a certain number of consulting hours from an admissions consultant. 20% of their customers opt into premium services (extra hours of consulting, private tours of universities, essay review, etc) They have told us that 9M international students want to attend US universities each year. Currently, 1.5M of them matriculate (meaning they are successful in attending a US university). Another data point is that US universities are spending $3B a year to recruit students to attend their schools. What is the SOM for this startup

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these General Management questions

Question

Describe the three parts of developing a new habit.

Answered: 1 week ago