Paul Ouyang extends the Caltech Entrepreneurship Club a $50,000 Challenge

The founding partner of tickets.com, mp3.com, and NTI (recently acquired by Blackboard) is looking for his next company. If you find it before June 30, introduce it to him, and he decides to buy it you get $50,000!!! It should meet most of his 10 requirements:

o ASP / SaaS service model - no manufacturing / physical inventory /
quality control / controlled liability

o Existing need / demand - not a technology or product trying to
create a demand / not a solution searching for a problem

o Existing technology - not proof of concept stage but applying
existing technology in a different way or much larger scale

o Operational scalability - infrastructure is leveragable i.e. not a
linear relationship between revenues and expenses

o Content - uses self generated, client generated or subscribed
content but not licensed content

o Global - demand is global and service delivery can be replicated
worldwide

o Annuity - multi year subscription based revenues not transaction
based revenues

o Cash flow cycle - prepaid subscription i.e. cash upfront rather than
installments or end of service

o Market - fragmented populated by small scale, localized private
enterprises where no single player has more than 5% of the identified market

o Exit - time frame and mind set / leaving some value on the table

The company should be post start up phase, have at least $5MM in revenues and based in southern CA or can be moved here. Contact Professor Ken Pickar or Andy Downard with your ideas and the best will present to Paul in person!

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