This document discusses how retired individuals can start a business by drawing on old skills and networks to address existing needs in mature markets. It recommends building a customer base and revenue first before introducing complex innovations, and advises establishing a solid foundation to maintain founder control while addressing pain points caused by regulatory changes. The goal is to leverage existing solutions rather than creating something entirely novel.
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Pitch Ogloba Feb 2nd 2024 .pptx
1. How seasoned folks on the
brink of retirement can spice
things up by dusting off an
ancient cookbook and cooking
up a startup storm.
2. Internati
onal
content
Retaile
r n
Ticketin
g
Retail
er 1
Automated
clearing
API
conversion
Program
Managers
In the middle
Closed Loop Bridge by API Points
Redemption
Incentive
s
Loyalty
Welfar
e
Banks
Airline
s
We play an intermediation role in facilitating the
closed-loop market by assisting retailers in issuing
and distributing their cards to numerous program
managers. These cards serve as a valuable tool for
program managers to reward and incentivize their
members effectively.
3. Rather than attempting to develop
something entirely novel, consider
existing solutions that have
proven to be effective. Avoid
introducing unnecessary
complexity that may not add
significant value.
217 M€ in
year-1
Bootstrappin
g
Volume &
revenues
Keep control
EU 2016/1065
pain point
Standard API
Operate in a garage
with no funding.
Leverage their skills,
network, and creativity
to overcome
challenges and build
the business with
limited resources.
Building a customer base
and generating revenue
first, and gradually enter
into more sophisticated or
complex innovations.
We addressed existing needs in a
mature market. We provided a
solution to a pain points that
customers are experiencing after
a regulatory change.
Establish a solid foundation
and financial stability to
preserve founders’ control,
KSF