Jun 1, 20212 min
Updated: Jun 24, 2021
Company Background
Business Description: Inventure is a website that provides a service for underrepresented startup founders and connects them to investors who can help support and grow their business through crowdfunding.
Mission Statement: To give underrepresented startup founders access to investors who can help support and grow their business through crowdfunding.Business Model: Inventure has a PRO feature for an affordable price of $25.00 /mo. Startup founders and investors pay a monthly fee for more features. Inventure was developed by a group of second generation Americans and first generation college students. We specialize in promoting minority groups in business and entrepreneurship through crowdfunding.
Market Opportunity
Target Market: Underrepresented groups/minority startup founders and investors looking to fund companies.
Opportunity: With the rise of COVID, startups created in the US increased by 24% from 2019 to 2020. Two of the top three reasons why startups fail are due to insufficient funds and not having the right team. This is where Inventure comes into play where investors see potential in a startup and can contribute their wealth and knowledge to the company. Industry Overview: Startups are the future of our world and the amount of startups formed each year keeps increasing. There are two big competitors in this industry, AngelList and Crunchbase. They have their own uniqueness, however, they are not aimed toward uplifting minority entrepreneurs and don’t specialize in crowdfunding.
Leadership
Qualifications: Participated in Monroe College Jumpstart Program: Intro to Business. Participant in NFTE E1 course. Participated in six week coding bootcamp. Co-president of the school coding club.
Company BackgroundContact Information
Nicholas
nicholas.jmarji@gmail.com
Github Repository
Inventure
Yonkers, New York
Year Founded
2020
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Selling Price per Unit
$25.00 /mo
Gross Profit per Sale
$4.00
Monthly Operating Expenses
$91.00
Break-Even Units/Month
33 units
Pitch Deck
Presentation Video: