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The NV Startup / Incubate program is a great experience - you, Cara, Maggie, Inez... everyone is very helpful. The program will exceed expectations. The program is 😊fast paced and packed with information for budding and experienced entrepreneurs alike 🖖 My 7 minute pitch is at the 1:11:01 min marker 👽
Great source! I noticed that the on the slide "Why?" SOM section requires a little edit. There is a typo: instead of "SAM" should be "SOM is a realistic view..."
Great presentation. I would like to find out how a startup would classify itself if it's working on several products. Example the startup is an innovation company using technology in several solutions. How does it determine its TAM,SAM,SOM? I asked this becsuse a week ago i had 2people wanted to invest in my one of my products of which they thought,was a company. After explaining to them that it's part of a bigger company/idea, they asked me for a pitch deck of which i couldnt provide because, im more of a creator than a business person. I could write about the ideas and get them done but the business aspect of the pitch deck is something ive tried but i find myself building/creating things. So i couldnt meet the deadline provided by the investors. I need assistance with my pitch(business aspect)and co founders. Any help? Thank you
If you have investors interested, that is great. If they see potential in one of your products, you might want to consider developing a company around it. For TAM SAM SOM, left a resource to contact for market research in the TAM SAM SOM video from the same playlist. You may want to watch it first to determine what it is and then take note of the person at UNLV who helps folks out.
This is very unique, the name was what made me actually click but the idea made me watch. I wonder however, how often the trucks move locations and who will keep the data updated daily. I suppose the trucks would be wanting to let you know where they will be, so , that makes sense
Great job as always, Maggie. I feel like this topic is sooo easy to explain and soooo hard to execute. Ha. Like I feel like I understand all the steps pretty well now. I also feel like I’ve applied them to my business pretty well. But I have this nagging feeling that I’m not quite there yet. Time will tell!
Hi JiTesh, metaverse in the education sector is a tricky one! Initially it appears that this industry is similar to the online education market, one that has absolutely exploded in 2021, and 2022. This market is projected to reach $166B in 2023, which looks like a great starting point for TAM. Because the educational metaverse is a relatively new industry this number is perfectly okay to use as TAM, as this number will likely grow and change over the years as metaverse technology gets more built out. From there its up to you to determine your target demographic and narrow down this number for SAM and SOM- think about age, gender, and location to determine how many people will actually be serviceable with this product. Hope this helps! Good luck.
