InfoSavvy
Helping students and advisors one chat at a time.
Model
SaaS App
Industry
Education
Stage
Prototype
Location
Dallas
VentureGrade℠
41
out of 100
We consolidate information on university resources to bridge the gap of opportunities for students and advisors alike helping to improve the overall access to information.
Elevator Pitch
Nationally, there is a 375:1 student to advisor ratio which leaves many students underserved in educational institutions and causes advisors to be overwhelmed. Not only that, but it also places a lot of stress on advisors to complete transactional activities instead of lowering that burden and allowing them to strengthen their relationships with students. In addition, it can be hard to find information at many colleges such as degree plans, opportunities, and resources especially as a freshman due to multiple modes of communication, in many cases leading to information overload. This can lead to a sub-par college experience.
Revenue Model
We license to universities through a tiered pricing plan based on the number of students, size of the university, and complexity of the integrations. We aim to sell for about $40-60K a year, with our proposition being driven by increasing retention and operational efficiency of advisors.
Startup Journey
As a freshman, I noticed it was easy for new and current university students to become stuck in information overload due to the volume of opportunities available. I experienced this when I would spend 2-3 hours every Sunday scouring my school’s resources in search of ways to get involved. Additionally, after speaking with academic advisors, I found they were constantly overwhelmed with high caseloads and email inboxes full of simple student questions. This is what initially led me to start InfoSavvy, a platform to provide students with immediate responses to their questions and help advisors lessen their caseload. In the past year, we’ve raised $8000, got 500 responses on our initial prototype from students, advisors, and administrators at Southern Methodist University. We are now working with the academic advising office, and office of information technology to develop our MVP to release to students in beta by next semester.
Go-To-Market Plan
Our plan for the GTM is to first integrate our product at SMU, our current university. After that, we will have an established system which we rinse and repeat at other universities. In terms of getting universities son board, we plan on promoting our services within the ed-tech network.
Potential Exit
Our potential exit strategy involves being acquired by companies such as Clever, ReadyEducation, and Rise Education who are all heavily involved in the EdTech space and have goals of improving the operational efficiency of institutions by offering SAAS. We would want for our product’s efficiency to be improved through R&D.
VentureGrade℠
Pitch Deck
Pitch Video
