Overview of Dragons Den Pitch

1.Introduction to the Team

 

2. Product/service

  • Fitness application to record and analysis personal sports data
  • Online sports community for competition and exercise

 

3. Problem&Solution

  • People are not persevering enough to keep exercising
  • “Carrot and Stick” model contributes to solving it

 

4. Market Opportunity

  • Fitness application is a rapidly increasing market
  • No companies take reward and punishment model to motivate people in the daily exercise

 

5. Business Model

  • “Carrot and Stick” model
  • Revenue is mainly from transaction fee and commission

 

6. Shareholders’ Value

  • 1 million pounds in 3 years
  • Get profits in the third years