Name

We moved away from the name of Smart Savers and to Percy. The name links to the idea of a purse and the "cy" at the end creates a more friendly tone that may well appeal to children.

Meeting with a PikPok developer

Pitch Deck Research

Since we have our final pitch to the Dragon's next Monday, I decided that for this week, we needed to research into how to ideally lay out and structure your pitch.

To do this, I began researching existing pitch-deck models. 

The sites I found showed a whole bunch of things to do, and a whole list of things not to do during your pitch. Some consisted of:

DO: 
- Tell a story and engage people emotionally
- Limit each slide to expressing one idea
- Prepare to make a great first impression
- Show the people behind your idea
- Keep a consistent look in presentation
- Know your metrics better than anyone (traction speaks louder than words)

DON'T:
- Don't use too many bullet points
- Don't make it too long
- Don't read word for word from a script
- Don't create text-rich, picture-poor presentation
- Don't come unprepared
- Don't use small fonts

There are a whole bunch of online examples and templates that we can use as inspiration, so that we know exactly what we need to include in our pitch's presentation:

It's helpful knowing all of these dos and don'ts, as it will enable us to have a killer presentation, and make sure we get our idea and business model across the best we can. For the final presentation, I want us to be able to read it all off by heart rather than reading it off a piece of paper or our phones.

I want it to be a professional pitch that really sells our idea.

-Blake

Second presentation feedback

Hello Percy team

Great to see your pitch on Monday, some feedback for you to consider for the final presentation:

You are jumping to the solution too quickly before we understand the problem. It's important we understand the view of your customer so we get that 'ah I get it' moment.
look at Banquer (https://www.banqer.co/) who also gamify financial literacy, i would say more accurately than Sharesies does.
As I mentioned, Sharesies is more about giving access to those that would usually be excluded.
You ROI slide (return on investment) for the banks is very good, but I still need to see customer validation in terms of those that would be using the app. Would they actually use it? Is gamifying savings what will solve their problem?
You age range may be narrowed by your illustrations.

General notes I will be sending to everyone:
Learn your pitch so you can speak confidently with no notes. Keep you sentences clear, simple and short with slow pacing so you don't have to remember heaps. Practice at least 5 times.
Your slides should have the info that makes you look really good, without making things up. What data tells your story the best?
Iterate your pitch, perhaps practice in front of other teams and give each other feedback. What didn't come across? What worked really well?
What do you want people to remember about you? this should be on the slides.
A link to a confident pitch here:

If you are really stuck for slides, here (https://www.lifehacker.com.au/2015/03/the-10-slides-you-need-to-pitch-your-business-idea/) is a list of what the standard pitch deck should consist of. This can be changed or rearranged depending on how you are telling your story. You could also use the business model canvas as a base.
Here (https://blog.ycombinator.com/how-to-pitch-your-company/) is a good article from a startup accelerator about the segments of your business and how to pitch them
And finally, here is probably the most enthusiastic pitch ever. Just for fun, but also shows how passion can make a difference!

Kareena

Brianstorming The Money Cycle

Today we met up for a group meeting to prepare for Monday's presentation. In order to understand exactly how, and in what direction, the money would be passed from person to person, I began to try and sketch up some diagrams.

I began by noting who is actually involved. In the core of it all, there is us (the business team), the investor, the bank, and the user. I also later added in the developers who are a crucial part of the process.

As shown in the diagram above, the Bank is at the heart of most transactions. I have numbered each transaction in order, almost as journey map for the money.

1 - Our investor invests money
2 - We pay the App Developers to develop and code the app
3 - Once it's created, the bank pays us to loan the app (have an API embedded)
4 - Users begin playing the game, depositing money into their savings along the way.
5 - The bank loans this money out for personal loans
6 - They receive interest from these loans (rates between 15% and 20%)
7 - We pay back investor's initial investment and their share of the return

Our next step is to begin working out the exact figures on how many users we estimate there will be, how much money we need from the investor, and how much money the bank will actually make from this app.

- Blake

User reseach

Week 5 class

Today we did alot of drafting and planing for our presentation. By doing this it forced us to refine our concept and make things more succinct. By doing all this we found some missing gaps that we needed to fill in. We also further developed our short elevator pitch and tried to turn it into an "essence"