Notes On A Payments Startup On The Rise - 3135 Words

Venmo: A Payments Startup on the Rise MSIN7008 Individual Coursework Prof. Dave Chapman and Philip Treleaven 23 March 2015 Table of Contents I. Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..1 1. Overview 2. Venmo’s Story 3. Venmo Today II. Documenting the Business Model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 III. Macro Market and Industry Analyses†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.3 1. New Business Road Test and Customer Analysis 2. Team Domain Analysis and Critical Success Factors 3. Competitor and Entry Barrier Analysis IV. SWOT Analysis†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 V. Reflection: The Bottom Line†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 1. Venmo’s Future Bibliography†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦6 I. Introduction 1. Overview Founded in New York†¦show more content†¦They both thought, â€Å"Why are we still writing checks? Why aren’t we using a web service to pay each other back?† It all started out with the idea of simple text message-based payments, but Andrew and Igram quickly realized the immense potential of mobile apps. After being bootstrapped on $100,000 in 2009, Venmo was publicly launched in March 2012. Figure 1: Iqram Magdon-Ismail and Andrew Kortina, co-founders at Venmo. Venmo’s innovative idea, clean and fast design, and integration with social media engaged its mostly young adult and college-aged users as the startup grew exponentially. It raised $1.2 million in seed funding in May 2010 from NYC-based venture capital companies Betaworks, Founder Collective, and Lerer Hippeau Ventures in NYC. According to TechCrunch, it also attracted the attention of angel investors in San Francisco, such as Dave Morin, Dustin Moskovitz, and Sam Lessin. As Venmo became more popular and generated media attention, it continued to raise money. In August 2011, it raised an undisclosed amount of Series A funding from Accel Partners in Palo Alto, and Greycroft Partners and RRE Ventures in NYC. 3. Venmo Today Figure 2: The growing Venmo team Today, Venmo is headquartered in San Francisco and has close to one hundred employees. It has stayed true to its promise of always being a free app,

Essay on Uop Qnt 561 Business Research Methods - 1248 Words

Business Research Methods Abbott Laboratories is faced with the dilemma of an expiring drug patent and is seeking an additional indication from the Food and Drug Administration (FDA) for its cholesterol drug Niaspan. In order to receive an indication from the FDA, a drug company must present two successful studies with the intended outcome. Niaspan has the FDA indication to raise HDL-C, reduce secondary non-fatal myocardial infarction, and regression of atherosclerosis in combination with a bile acid resin. In a recent study (cite) patients taking Niaspan demonstrated regression of atherosclerosis in combination with statin, a popular cholesterol treatment agent. Abbott is now looking to replicate the study in order to receive an†¦show more content†¦| | Do you have type-2 diabetes? | Yes/No |

MBA Admission questions Free Essays

Question 1} Discuss an event or process from your work experience which has contributed to your personal/professional development under the following headings†¦ My leadership skills have evolved through a combination of experiences that helped shape my personality and skills. One of such incidents occurred as I was involved in a project with local city Power Supply Company aimed at implementing their energy savings programs for Small and Medium Business Organizations in California. Responsible for research on the existing standards used in lighting requirements by these business owners and benefits the program was expected to generate for the company and the community, I had to complete my work with a proposal outlining various energy savings programs. We will write a custom essay sample on MBA Admission questions or any similar topic only for you Order Now My involvement was also important since being of Indian descent I could more easily connect with local Indian community business owners targeted by the program. I saw the project as an opportunity to help people with energy conservation, a task I consider of great importance both to society and individual businesses. This approach worked as more and more people were beginning to see our project as a helping hand that solved some of the most pressing concerns of their businesses. As a result, our company was able to service many customers, supplying business owners with the lighting equipment required for implementing the savings program. Apart from enjoying this as a personal success, the most important benefit I received from the program was the contribution to my professional development. In meeting local community leaders and members of the chamber of commerce, I learned a great variety of perspectives, received important insights into the life of our community, and built an extensive network of connections in different industries and public entities. Since our target audience was not limited to Indians, through interaction with professionals from different ethnic and racial backgrounds I developed cross-cultural skills and learned the value of respect and harmony in such relationships. I learned successful cooperation, working together with business development managers from power supply companies in search for mutually beneficial solutions. Finally, I learned the importance of presentation skills that often decide the success or failure of a project. This experience proved invaluable in other projects, helping me see trite issues in a new light. Question 2} What are your aims for your future career development? How will MBA assist you in achieving your aims? At the moment, I am engaged in a wide range of company initiatives as various levels, participating in many projects and assisting on the marketing aspects of planning and organising. Although my professional activity in itself offers great possibilities for professional development, I feel that at this point I also need a more strategic focus to my activities. Through MBA courses, I hope to learn different models applicable to the business situations in my organisation and find more effective ways to promote its success. An MBA degree will also be an effective tool for helping me rise one step further in the hierarchy, reaching a point where I can turn my strategic vision into a greater contribution. My ambition is to rise through the ranks, achieving a position in the senior management. Although future will define the height to which I can get, I have the ambition to become the Chief Executive Officer of a reputable business organisation, possibly a multinational company. Adding an international touch to my career is my long-standing ambition. At this point, I have profited from personal atmosphere of the local business that allowed me to develop most important business skills. In the future, I want to move into the international environment where my experience of going through an MBA program with a diverse body of students will definitely be an asset. Thus, I view MBA as an important instrument of professional enrichment and upward career mobility. Receiving this degree will expand my knowledge, develop my skills and help me occupy a position that will realize my full potential. Question 3} Describe how work experience could be used as a source of information for your learning and for contribution to group discussion? The bulk of my work experience is connected to the marketing aspect of business. In my opinion, this function provides exposure to many different aspects of organisational activities and gives a bird-eye’s view of the company’s strategy and prospects. Thus, my current enrolment in California-based KMK Supply Company as Marketing Manager has given me insights into the energy sector, a crucial part of the US economy. Involvement in this sector has also exposed me to interactions with a vast variety of businesses from different industries that all use power in their work. Implementing different energy conservation projects, I learnt many new things about the environment in which our organisation works and the US economy in general. This ability to see things in perspective will be valuable and help me contribute to group discussions. In my previous job as Marketing Executive at Vardhaman Chemicals, I was exposed to various aspects of manufacturing and marketing various chemical composites. I have intuitively understood many aspects of the company’s operations, gaining knowledge that I hope to expand through courses of the MBA program. Interacting with people in a large organisation on a daily basis, I honed my intercultural and interpersonal skills, strengthening my knowledge of human psychology and negotiation skills. Nevertheless, my career has included many difficult episodes of interaction with different kinds of people from all layers of the organisational hierarchy that will make a valuable addition to the scope of the course content. Having experience with different functions of business, I can effectively draw on my past professional experience in discussions of classroom topics. How to cite MBA Admission questions, Essays

My Passion free essay sample

Maduakor, Reverend Spanish Per. 5 4/15/11 Passion Essay I have a passion for basketball. Basketball is my favorite sport. I’ve been playing organized basketball since I was four years old, at least as long as I can remember. Basketball is a very big important part of me. This is something that I am really good at and makes me very happy when I play. My mom supports me playing basketball very rarely. It seems like my mom doesn’t care but I think she does deep down inside. My mom wants me to focus more on school then basketball. Her motto is â€Å"business before pleasure†.I tell her that basketball can help me get to college. In the movie â€Å"Real Women Have Curves†, I think I relate to Ana the most because her mom wants everything she does to be perfect. My mom does the same to me. Nobody on this world is perfect so everything can’t be done the way we like it. We will write a custom essay sample on My Passion or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Everyone makes mistakes because we’re not perfect, that’s why we learn from our mistakes so we won’t do them again. Nigerian parents expect a lot out of you. They make sure that they train us correctly. They want us to do good in school and be somebody in the future like a doctor, nurse, pediatrician, etc. They are also very strict and serious when it comes to school. Most Nigerian moms are nurses and they want their children to become like them so they train us the correct way in order to do this. In conclusion, basketball is what I like to do but I should focus more on school because without school, I can’t play college basketball in the future or at least become somebody. I also know that I need to have a plan B in case basketball doesn’t work out for me because there’s people all over the world who have the same dream I have and are trying to pursue it. My Passion free essay sample Ten minutes after I was born, my parents decided that I will be a mechanical engineer once I grow up. So, I indulged the idea into my brain that I have to become a mechanical engineer. I took every math class available and worked hard through that process. I was 9 years old when my dad bought me a second hand computer, running Windows 98. While my friends were interested in using the computers, I was interested in how they worked. Then GTA Vice City came into the streets of Lucknow and everyone began to play it. I too wanted to play it but unfortunately my computer could not run it. So, I opened up the CPU, replaced my hard drive and installed a Graphics Card. I was 13. It worked too, but after a while, itdestroyed my MotherBoard. My dad was happy because he thought I will now concentrate more on my studies and not on â€Å"all that crap†. We will write a custom essay sample on My Passion or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page When â€Å"all that crap† broke, I decided learn everything it takes to fix computers. Fast-forwarding, 5 years later, I am in the USA. I still remember my guidance meeting over my first summer. I was put into all easy classes, including Intro to Computer Science. I was shocked. I used to be the smartest kid in my computer class back in India, but now I would have start all over. Right after 3 days of me in that class, my professor advised me to move up a level. Switching gears from a College Prep 1 (CP1) class to a Honors Class, I was now studying C++. The concept was easy to grasp, and after 5 days, I took my first test. I got a 100 and spent less than 15 minutes on it. My professor decided to give me a much harder exam, and I did really well. He then advised me to switch into AP Java. The class was hard, and interesting too. Yes, I learned a lot of new material, but I missed the fun I used to have with coding. Prior to this, if I would see a piece of code not working, I would divide it into parts and make them work, just like my computer. I wasnt enjoying coding in AP Java. I was acting like a computer. I was passing tests rather than exploring my own interests. I wanted to do something more, which led me to enroll in Help Desk. Help Desk is a semester course and as the name itself suggests we help people with their technical difficulties. Help Desk was the best class I have ever been into. I loved it. We also went to various conferences, schools and EdCamps. I was gaining real life lessons. One of the most exciting things I did when I was enrolled in Help Desk was that I moderated a twitter chat. The chat was conducted with the hashtag #edtechchat. Teachers from all around the world joined this chat. We discussed how technology could help in making classrooms fun and teaching a lot more easier. I learned about how teachers view technology in their classroom which motivated me a lot. At the beginning of my senior year, a huge setback for me was my inability to take the Help Desk course. It didn’t fit in my schedule. Still everyday, during what people call â€Å"Study†, I sit in Help Desk and try to help everyone I can. The feeling when I fix someone’s iPad is better than getting an A+ in a class. Problem solving is just like fixing a computer. One needs to take all the aspects of it and analyze it until it makes sense, put it back again in the problem. There is a huge difference in the problem now, it’s much easier.