The Young Technopreneurs Who Want to Create Positive Change

Summary

A group of young entrepreneurs, including Dalton and Raphael, share their journey of developing 'Endurance Masters,' an online learning platform aimed at optimizing students' educational experiences. They faced challenges like balancing school and business, financial constraints, and pivoting from an initial idea. With the guidance of mentors, they overcame obstacles, achieving an 80% conversion rate with limited marketing resources. The script highlights their resilience and the transformative impact of the SNAP program, setting them on a path to great achievements.

Takeaways

• 🚀 The script describes a 'Demo Day' where a startup team presents their ideas for social good to potential investors and professionals.
• 👨‍💻 Dalton, one of the team members, started programming at 11 and has been on a journey of learning software development.
• 🤝 Dalton joined the pre-accelerator program alone but later brought in Rachel Dale and Raphael to help build their project.
• 👶 Raphael, the youngest leader of the team, has been coding since the age of 10 and is passionate about hackathons.
• 🎓 The team's platform, 'Endurance Masters', is an online adaptive learning platform aimed at optimizing the learning experience for students.
• 💼 Business mentors with experience guide the team, helping them to achieve their social good goals.
• 👨‍👩‍👧‍👦 The platform also seeks to bridge the communication gap between parents and children, building trust through financial transparency.
• 🛒 Initially, the team considered a shopping chatboard but pivoted after feedback from mentors and market research.
• 💸 The team faced financial challenges, with Dalton and his twin brother sacrificing personal expenses to fund their project.
• 📈 Despite limited resources, the team managed to achieve a high conversion rate through effective marketing strategies.
• 🏆 Demo Day is a culmination of hard work, where the team aims to impress and secure support for their venture.
• 🏋️‍♂️ The team overcame personal and financial obstacles, demonstrating resilience and the ability to turn dreams into reality.

Q & A

How long did the startup team spend preparing for the Demo Day?

The startup team spent 12 weeks of hard work and sleepless nights preparing for the Demo Day.

What was Dalton's initial motivation for starting his programming journey?

Dalton started programming at the age of 11, building mods for games he played with his twin brother, which set him on a path to learn more about software development.

How did Raphael get involved in the team?

Raphael, who has been coding since he was 10 and is a hackathon enthusiast, was roped into the team by Dalton when he realized he needed more help building the project.

What is the main goal of the online adaptive learning platform 'Endurance Masters'?

Endurance Masters aims to provide students with an ultra-efficient and optimized learning experience, making it the fastest and easiest way to learn anything.

How does the platform address the communication gap between parents and children?

The platform includes a tool to build trust between parents and children, allowing parents to understand their children's spending habits better and helping to raise financial literacy among students.

What challenges did the team face during the development of their idea?

Initially, the team considered creating a shopping chat board, but after receiving feedback from mentors, they realized it wasn't a viable idea. They felt stressed and had to pivot to a new idea.

How did the team overcome financial constraints to run their ads?

The team, mainly consisting of students, did not have a large budget. They managed by saving money, such as skipping meals or sharing meals, to fund their advertising efforts.

What was the team's strategy to tackle the redundancy in their school's cash handling system?

The team identified the redundancy of handling cash in a cashless payment system and decided to address the issue by speaking to 300 parents and gathering positive feedback to motivate their solution.

How did the mentors help the team refine their marketing strategy?

Mentors from various backgrounds, including Tamasic and Startup X, helped the team ground their marketing strategy, making it powerful and emotional despite not having a large marketing budget.

What was the team's achievement in terms of user sign-ups and conversion rate?

The team managed to get over 400 sign-ups and achieved a conversion rate of over 80 percent with their marketing efforts.

How did the team's performance change from the beginning of the program to Demo Day?

The team showed significant growth and improvement. They overcame moments of breaking down and uncertainty, and by Demo Day, they impressed the audience and mentors with their performance.

Outlines

00:00

🚀 Demo Day Showcases Young Entrepreneurs' Innovations

The script describes a Demo Day event where a team of 10 young entrepreneurs, after 12 weeks of intensive work, present their social good projects to potential investors. The team, led by Dalton who started programming at 11, includes Rachel and Raphael, who have been coding since a young age. They developed 'Endurance Masters,' an online adaptive learning platform to optimize the learning experience. The script also touches on the team's challenges, such as balancing school and business, and their pivot from a shopping chat board to a cashless payment solution for schools. The team overcame financial constraints by personal sacrifices and received valuable mentorship from experienced professionals, leading to a successful pilot test with over 400 sign-ups and an 80% conversion rate. The script concludes with the team's anticipation for Demo Day, where they aim to impress and secure support for their venture.

Keywords

💡Demo Day

Demo Day is an event where startups showcase their products or services to potential investors, partners, and press. It is a culmination of a period of intensive work and preparation. In the script, Demo Day represents the critical moment when the startup team presents their hard work over 12 weeks to an audience that can potentially fund and support their venture.

💡Social Good

Social Good refers to initiatives aimed at creating a positive impact on society, often through addressing social issues or promoting community welfare. The video's theme revolves around a startup team with a mission to use technology for social good, as indicated by their focus on creating an adaptive learning platform and a financial tool to bridge the gap between parents and children.

💡Adaptive Learning Platform

An Adaptive Learning Platform is an educational technology system that adjusts its content and pace based on the learner's performance. In the script, the startup team develops 'Endurance Masters,' an online adaptive learning platform designed to make learning more efficient and optimized, aiming to help students balance their social life, school grades, and personal time.

💡Hackathon

A Hackathon is an event where programmers and other interested parties come together to collaborate on software projects in a short, intense period. Raphael, one of the team members, is described as a 'hackathon maniac,' indicating his passion for coding and his experience in competitive programming events, which likely contributed to his skills in developing the startup's product.

💡Mentorship

Mentorship involves a more experienced or knowledgeable person guiding a less experienced individual in a particular field. The script mentions experienced business mentors who provide knowledge and experience to help the startup team achieve their goals. This guidance is crucial for the team's growth and the development of their social good initiatives.

💡Financial Literacy

Financial Literacy refers to the ability to understand how money works, including how to earn, use, save, and invest it wisely. The script discusses the team's idea for a tool that helps parents understand their children's spending habits better, thereby raising financial literacy rates among students.

💡Cashless Payments

Cashless Payments refer to financial transactions made without the use of physical cash. The team identifies a redundancy in their school's system where cashless payments are accepted but students still receive money in cash. They aim to tackle this issue, which is a part of their broader mission to improve financial systems.

💡Pilot Test

A Pilot Test is a small-scale experiment or trial run of a product or service to test its feasibility and effectiveness before a full launch. The script mentions that the team conducted a pilot test with many students to validate the effectiveness of their learning platform, which is a common practice in product development to ensure the solution meets user needs.

💡Conversion Rate

The Conversion Rate is a metric in marketing that measures the percentage of users who complete a desired action, such as signing up for a service. The script highlights that the team achieved over 400 signups with an 80 percent conversion rate, indicating the effectiveness of their marketing strategy despite not having a large budget.

💡Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business, which typically starts as a small business, such as a startup. The video's narrative follows a team of young entrepreneurs who are navigating the challenges of building a startup with a focus on social good, showcasing the resilience and innovation inherent in entrepreneurship.

Highlights

10 startup teams spent 12 weeks preparing for Demo Day.

Dalton started programming at 11 and built mods for games.

Dalton joined the pre-accelerator program alone but later brought in Rachel and Dale.

Raphael has been coding since age 10 and is a hackathon enthusiast.

The team is mentored by experienced business professionals for social good.

Dalton's platform aims to balance social life, school grades, and sleep.

The platform is an online adaptive learning tool for efficient study.

The team's app builds trust between parents and children through financial transparency.

The team faced challenges and pivoted from a shopping chat board to a cashless payment solution.

The team self-funded their project by saving on meals.

They conducted a pilot test with 300 parents and received positive feedback.

Mentors from various companies helped refine their marketing strategy.

With no large marketing budget, they achieved over 400 sign-ups with an 80% conversion rate.

The team worked hard to prepare for Demo Day to impress investors.

They conducted a pilot test that proved the effectiveness of their solution.

The team overcame moments of self-doubt to deliver a strong Demo Day performance.

The SNAP program is seen as a stepping stone for future challenges.

The team turned their dreams into reality despite the hardships.

The team's journey is expected to lead to great things in the future.

Transcripts

demo day the day 10 startup team spent

12 weeks of hard work and sleepless

nights preparing to present their big

ideas for social good to potential

investors and other professionals meet

Dalton

so I started programming when I was 11

and I was building mods for game day I

used to play with my twin brother this

put me on a journey to learn software

man over the next few years

Dalton came into the pre accelerator

program alone but when he realized he

needed more hands building master he

roped in Rachel Dale and sink one next

Raphael so Raphael and his friends have

been coding since they were 10 he's also

a hackathon maniac there's a well my

mother introduced me to a hackathon ever

since then I've been grateful if you

have a lot of my friends at 15 he's the

youngest leader of the youngest team

helping them every step of the way

our experienced business mentors who use

their knowledge and experience to help

them accomplish their goals for social

good I'm a student myself and I was

struggling to balance the three things

that all students want to do it I was

asleep a social life and good grades in

school the only way would be possible

for me to do all three was to shorten

amount of time it takes me to get its

endurance masters an online adaptive

learning platform dial our students and

ultra efficient and optimize learning

experience simply put we're the fastest

and easiest way to learn anything

registan doesn't we've always had

between parent and child there was also

a tool to build trust between both

parties I feel that parents is this the

really trust that we can use I bought to

spend our money responsibly as we see

bridges of Twitter allow parents to

understand children spending habits

better and also help raise financial

literacy rates among students the teams

also have other challenges originally

were thinking about doing a shopping

chat board

however after speaking to many mentors

we came to realize there wasn't a viable

an idea we felt a bit stressed many of

the other teams came in us establish

stuff outside

so not just young terms of age what also

that's our progress as a student I don't

have a huge fortune to rely upon on most

of the money that we used to run our ads

as safe that by me and my twin brother

we skipped me or sometimes or we share

meal together so that we can run a

couple more errands des thankfully

didn't take that long for us a bit of a

new idea we note yourself school we do

accept the cashless payments but we

ourselves as students still receive one

for the money in cash the redundancy of

the system in our school was pretty

jarring and we wanted to tackle the

issue so we spoke to the 300 parents

when we got that positive feedback from

the parents where she felt rather

motivator we came to realize that we're

actually working on something very

meaningful

they were solving a problem that

ourselves and our peers of thisng

regardless touchy topic or finance

though time isn't on their side their

mentors make sure that they can catch up

by linking them up with other

professionals who can help them we were

able to learn from mentors from tamasic

from startup X and from companies over

the world who was able to help us ground

our marketing strategy help us develop

one that was really powerful and

emotional we didn't have the luxury of a

huge marketing budget so we had to make

sure that wherever else we put out were

powerful we were able to get over 400

signups al-bayda with a conversion rate

of over 80 percent while balancing

schoolwork in life the kids work hard

until demo day this is the moment they

have been preparing for to WoW the

audience with their pictures to find the

right people to succeed we conducted a

pilot test with many students it works

if you believe in our mission really

hope to be able to gain and benefit from

your support and resources there were

moments of breaking down there were

moments when there were nervous

they became unsure about themselves but

at the 11 and a quarter hour they just

rise up and punch above their knees they

really outdid themselves some of them I

didn't even recognize if I compared them

from today to when they first came into

the program I'm really impressed with

the teams and I think that every single

one

that did more than what we expected you

see the SNAP program is being a stepping

stone for what bird she has to see and

encounter in the future we just went

through one of the hardest periods of

our lives but it made us stronger and we

finally were able to turn our dreams

into reality whatever tomorrow brings

one thing's for sure these kids are on

to great things

[Music]

[Applause]