We’re always open to feedback on scaling up. Our model is set to create $2 million in revenue every 12 months. To calculate the revenue needed per FinTechLit event to bring in a positive revenue of $2 million per year, we need to consider the net revenue per event.
Ticket Revenue:
Capacity * Ticket Price
= 1000 * $200
= $200,000
Expenses:
Entertainment, Travel & Venue
= $60,000
Net Revenue per Event:
$200,000 - $60,000
= $140,000
To calculate the number of events needed to reach a revenue of $2 million per year, we divide the annual revenue goal by the net revenue per event:
Number of Events:
$2,000,000 / $140,000
= 14.29 (approximately)
Since we can't have a fraction of an event, we would need to round up to the nearest whole number. Therefore, we would need to have at least 15 FinTechLit events per year to bring in a positive revenue of $2 million.
Executive Summary: FinTechLit - Bridging the Gap Between Technology and the Masses
Introduction:
FinTechLit is an exciting project aimed at bringing technology to the masses and bridging the gap between technology and everyday individuals. We believe that everyone should have the opportunity to thrive in the fast-paced digital world, and our mission is to empower individuals through entertainment, education, and inclusive initiatives. This executive summary outlines the key elements of our project that we will present to angel investors.
1. Shows and Events:
FinTechLit will host electrifying shows and events that combine entertainment and education. Our interactive workshops and live performances will not only entertain but also empower attendees with the latest tech knowledge. These events will provide a platform for individuals to engage with technology in a fun and accessible way.
2. Demystifying Technology:
Technology can often feel overwhelming and complex, but at FinTechLit, we're here to demystify it. Our team of experts will break down complicated tech concepts into easily understandable and accessible information. By eliminating jargon and providing bite-sized pieces of knowledge, we aim to empower individuals to embrace the digital age confidently.
3. Empowering the Masses:
Our commitment to inclusivity drives us to provide resources, training, and mentorship programs to individuals from all walks of life. Through these initiatives, we seek to empower individuals by equipping them with the necessary skills and knowledge to thrive in the digital era. By leveling the playing field, we ensure that no one gets left behind in the rapidly evolving world of technology.
4. Financial Literacy Seminar:
As part of our efforts to empower individuals, we will be hosting a 2-day financial literacy seminar. This seminar will focus on providing invaluable insights and wisdom to help individuals achieve financial prosperity. Esteemed speakers from various fields, including real estate, finance, and entrepreneurship, will share their experiences and strategies for building wealth and taking charge of financial destinies.
5. Tech Week Recap and Music Showcase:
We will be hosting a Tech Week Recap event, which will celebrate the best of Houston’s annual Tech Week. This event will serve as an opportunity to recap the highlights of the week and showcase the achievements in the tech industry. Additionally, we will have a music showcase featuring talented artists, creating a vibrant and engaging atmosphere for attendees.
Conclusion:
FinTechLit is poised to revolutionize the way technology is accessed and understood by the masses. Through our shows, events, demystification efforts, and inclusive initiatives, we aim to bridge the gap between technology and everyday individuals. By empowering individuals with the knowledge and tools needed to thrive in the digital age, we are confident that FinTechLit will make a significant impact on society. We invite angel investors to join us on this exciting journey towards commercializing and breaking technology barriers, bringing it to the masses. Together, we can embrace the future and thrive in this digital age.
#TechEducation #DigitalEmpowerment #InclusiveTechnology
Capital Sought:
FinTechLit is seeking a total capital investment of $1,500,000.
Use of Funds:
The funds raised will be allocated as follows:
- 40% for event production costs, including venue rental, equipment, and logistics
- 30% for marketing and advertising expenses to promote the shows and events
- 20% for hiring and retaining a talented team of experts in technology and entertainment
- 10% for operational expenses, including administrative costs and overhead
Unfair Competitive Advantage over the competition:
FinTechLit has several key competitive advantages that set us apart from others in the industry:
1. Unique Combination of Entertainment and Education: Unlike traditional tech conferences and workshops, FinTechLit offers a unique blend of entertainment and education. This approach appeals to a wider audience, making technology more accessible to the masses.
2. Expertise and Experience: Our team of technology and entertainment experts brings a wealth of knowledge and experience to ensure high-quality shows and events.
3. Inclusivity and Accessibility: FinTechLit is committed to inclusivity and accessibility. We provide resources and support for individuals with diverse backgrounds and skill levels, ensuring that everyone feels welcome and empowered.
1-2-3 year P&L Financial Projections:
Year 1:
- Total Revenue: $3,000,000 (15 shows x $200,000 ticket sales per event)
- Total Expenses: $900,000 (15 shows x $60,000 cost per event)
- Net Profit: $2,100,000
Year 2:
- Total Revenue: $3,000,000
- Total Expenses: $900,000
- Net Profit: $2,100,000
Year 3:
- Total Revenue: $3,000,000
- Total Expenses: $900,000
- Net Profit: $2,100,000
Exit Strategy:
FinTechLit envisions two potential exit strategies:
1. Acquisition: We aim to position ourselves as an attractive acquisition target for larger media or entertainment companies seeking to expand their reach in the technology and education sectors.
2. Initial Public Offering (IPO): If market conditions and growth projections are favorable, we may consider going public to raise additional capital and provide liquidity to early investors.
Details About the Company Principals and domain expertise:
- Amy Broadnax : CEO and Founder of FinTechLit with a background in technology and entertainment. Amy has a strong passion for bridging the gap between technology and the masses.
- Jonathan Deritis: COO with extensive experience in sales, operations management and technology. He brings a wealth of knowledge in executing successful shows and events.
- Rory Douglas: CMO responsible for marketing and advertising strategies. Rory has a proven track record in brand building and audience engagement within the technology and entertainment industries.
Advisers:
FinTechLit has a team of trusted advisers consisting of industry veterans, technologists, and financial experts. They provide strategic guidance and support in areas such as business development, finance, and legal compliance.
E-mail Us Now info@fintechlithtx.com
Subject: Partner
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