Question
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
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.
FundMes 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.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started