I plan to stay with my business until it fails or until I retire. I strongly believe that my vision to change the test-taking experience is more valuable to me than money. The feedback loop for exams will help hundreds of thousands of students and teachers across the nation. My product will help students realize their needed areas of improvement and simultaneously allow teachers to evaluate their teaching effectiveness as well. My updated version of the scantron test will ultimately make the original scantron's obsolete, and I predict that it will eventually take over the market share.
I chose this particular exit strategy because I believe in my product, and I want to be apart of its growth. I stand strong with my vision to improve the college education experience across the globe by adding value for both students and teachers. Although I do have the option of selling my product to Scantron Corporation itself, I think the company will eventually be successful on its own, and that it can directly compete with Scantron Corporation.
My decision to keep the company will definitely influence the path I will make in my concept. As far as growth intentions, I will think more about how my decisions will benefit the company in the long-term.
29A – Venture Concept
Venture Opportunity Opportunity Every year there are a few hundred thousand students that take standardized tests such as the GRE/GMAT/...
Ray,
ReplyDeleteI like the exit strategy that you chose. I loved that you said your vision was more than money. My father always told me that chasing your dreams is more important, the money comes along the way. I liked that you believed in your product, i see it as something that can change the schooling system forever, so there is no reason to give it up now. Nice job!