A question
December 14, 2024
by a professional from The University of Texas at Austin - Red McCombs School of Business in Austin, TX, USA
What would you do with an extra $250,000 or $500,000 dollars and 4 years to pay it back? A buddy of mine is in charge of an impact fund that is making it easy for business owners to get working capital. If you had an extra $250k to $0.5M what would you do?
from ESADE in Vienna, Austria
This platform would connect businesses with the right experts by leveraging AI to analyze business needs based on Key Performance Indicators (KPIs) and using blockchain to ensure transparency and trust in expert reviews. The platform solves a critical pain point for businesses—finding credible professionals to address specific challenges—while eliminating biases and review manipulation common in centralized systems.
The funding would primarily support the first year of development, including hiring a team, building a Minimum Viable Product, and conducting pilot testing. Features such as blockchain-verified expert rankings, AI diagnostics, and incentivized peer-to-peer recommendations will create a unique value proposition for businesses and experts.
The platform will initially target SMEs, a massive market representing 90% of global businesses, and expand regionally in Year 2 before scaling globally in Year 3. With revenue generated through matching fees, subscriptions, and performance-based fees, the business can be profitable by Year 3.
This investment would enable the creation of a scalable, global platform that drives SME growth, promotes trust and collaboration, and revolutionizes the expert marketplace with a decentralized, results-driven approach.
from Keller Graduate School of Management of DeVry University in Centennial, CO, USA