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Company |
MoreMarbles |
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http://www.moremarbles.com |
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Founded: |
01/04/2010 |
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City: |
Salt Lake City, Utah |
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Country: |
United States |
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CEO: |
Andrew Allen |
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Founders: |
Andrew Allen, Mike Greto |
Category: |
eCommerce |
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Funding: |
Seed/Friends & Family |
Tags: |
affordable consulting, help with business plan, marketing strategy, small business development |
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Employees: |
2-5 |
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What does MoreMarbles do?
MoreMarbles.com helps entrepreneurs and businesses solve challenges and grow by connecting them with university student consulting teams. A team of 4-5 students, guided by a professor, within the structure of a capstone course will carry out a 6-14 week project (50 – 500 hours of work) helping the company with a specific need, such as writing a business plan, creating a marketing strategy, analyzing competitors, doing a market feasibility study…etc.
How are they different?
Different from an internship or freelance job board, MoreMarbles.com matches companies with course-based, professor-guided students who work in a team on the project. This model makes is more affordable for small businesses, improves the quality of the work because of the team synergy and the professor guidance and ensures the completion of the work because of the semester deadlines and grade attached to the students’ work.
Why could MoreMarbles be BIG?
Every year, there are approximately 800,000 business students in the U.S. that conduct real or hypothetical university consulting and research projects, with the potential to serve over 200,000 clients each year. Currently, there is no efficient method for clients to tap into this resource, nor for students to identify the right client. Business Week, WSJ and FT have all reported in the last year about the new trend in student/university consulting. In a matter of minutes, MoreMarbles makes it possible for virtually any entrepreneur or business to find the right school, professor and student team to solve their challenges and help them grow.
How they plan to make money:
Creating a profile and posting a project on MoreMarbles.com is free for schools and businesses. With guidance from MoreMarbles, schools set the price they charge for their project, which is visible on their moremarbles profile. Once a business and a school connect and agree to a specific project scope, the business pays for the project through the website and MoreMarbles deducts a fee for its matching and project scoping services.
Our thoughts:
No thoughts at the moment. Very interesting!