2. In 2012, the average student graduated with in debt
$29,400
Default rates for people under 30 with federally
sponsored student loan debt in the US is up 30%
2000
2014
Earnings of college grads
have declined since 2000
53% of recent
college graduates
are underemployed
or unemployed.
– Atlantic
3. Dale J. Stephens
Founder
100+ talks in 21 countries
20,000 unique monthly web visitors
14,000 newsletter subscribers
13,700 Facebook fans
115 print articles in 3 years
Published book, Hacking Your
Education
• Unschooled from age 12-18
•
•
•
•
•
•
4. I have become the go-to person to talk to
about the future of education.
5. $8.2 billion
is spent on Gap Years globally every year
By making 4-year residential colleges moot,
we can capture some of the
$200 billion
spent on post-secondary tuition every year
6. The Market is Growing
Gap Years are a growing trend among ivy league freshman
1.2% of US college Freshman took a Gap Year in 2011
7% of all British students took a Gap Year in 2007
7. Tertiary-age students are up 53% to over 150 million in a decade
Their postsecondary education attendance rose from
19% in 2000 to 26% in 2007
Web traffic to GapYear.com from the US rose
from 1% - 10%
American’s taking Gap Year’s with Projects
Abroad has quadrupled since 2005
7% of all British students took a
Gap Year in 2007
1.2% of US college Freshman
took a Gap Year in 2011
Growing trend in Gap Year’s among ivy league freshman
-MIT freshman taking Gap Year doubled in the last year
-Harvard has seen 33% increase in Gap Year in last decade
9. Our Curriculum
Gap Year involves four phases: launch, voyage, internship, and project.
Launch
During the launch phase, students engage in an immersive learning
experience by living together to gain maturity and personal skills through a
rite of passage. While immersed, students work through our rigorous
curriculum of “millennial skills.”
Voyage
The voyage phase recognizes that the our global world is increasingly
interconnected, and this gives students learning new languages and
adapting to new environments across cultural boundaries. We believe that
international experience is a baseline requirement for a young person today.
Internship
The internship phase gives students experience working in teams and
companies in emerging companies and emerging industries.
Project
The project phase gives students experience persuading others of the value
of their ideas and bringing something from idea to execution.
10. Personal Coaching
Each fellow is paired with a coach for weekly
1-1 meetings to set goals for the upcoming
week and reflect on progress over since their
last meeting. The coach connects the fellow to
the resources of Gap Year network.
Mentorship Network
Fellows have access to the Gap Year mentor
network for industry-specific feedback and
guidance. A mentor matching party is held in
week 3 to facilitate connections between
fellows and mentors.
11. Example workshops:
!
Building Social Capital
Getting Things Done
Getting the Opportunity
Knowledge Acquisition
Mentorship
Negotiation
Innovation and Entrepreneurship
Succeeding on the Job
12. Testimonial from a parent:
Hi Dale,
I have not reached out to you before now, but I wanted you to know how grateful I am
to you and your program. I’m Tim’s mom and I have to tell you that I haven’t heard him
be so alive and happy since he started learning leadership skills with the scouts in High
School. He loves your program and I can tell that he is just thriving. Words can’t describe
the joy we all felt when Tim was accepted to your program. In my wildest dreams I would
never have imagined that our college system could destroy an incredibly bright and
willing student. I sent Penn State an honors student, Eagle Scout and very excited young
man. They sent me back a failure (in their system) and took our $40,000 with nothing but
a letter of failure.
!
Well that’s behind us, but when Tim decided to stop trying to fit in the college system,
I told him he had to find something else. He found you and has continued to grow and
thrive from the moment he finished your book.
!
I will be forever grateful to you and hope to meet you someday. If you are ever in NY,
please let us know or NJ. I’ll come in and take you to lunch or if you need a place to stay,
our door is open. If I can do anything for you and uncollege, please let me know.
!
Warm regards,
Kathy Watrous
Net
Promoter
Score:
65
13. Traction for Gap Year
Revenue
$140K
Applicants
200
Book Release
$120K
150
$100K
$80K
100
$60K
$40K
Today Show
50
$20K
Dec
Jan
Feb
Mar
Apr
$428K total
May
Jan
Apr
Jul
Oct
400 Total
Jan
14. Competitors:
Our competitors either focus on travel or pre-professional programs
for 2-3x the cost of our program. No other Gap Year programs focus
on teaching millennial skills or are ready to operate at scale globally.
Projects Abroad
$30,000
Thinking Beyond Borders
$39,000
Dynamy
$21,400
City Year
Volunteer
16. There has never been a better time
to to build a brand in
postsecondary education
30%
Of all global postsecondary enrollments are in
the private sector
General Assembly raised
$10 million
to build a global brand of non-accredited learning
DevBootCamp
3 locations in less than 2 years
17. Global Opportunity
Teams actively working on
franchises in Sao Paulo,
Bogota, Capetown, and
Stockholm with interest in
Toronto, Paris and more.
!
They are going to start Gap
Year with or without us they have formed
companies and are
recruiting students. We want
to create a global brand
with them.
Model: 15% of Gross Sales, 40% of Profit
18. By 2016 - 5 franchises
Stockholm
San Francisco
Bogota
Sao Paulo
$1,649,000 Annual Revenue
Capetown
19. 2017 - 10 franchises
Stockholm
Toronto
New York City
Paris
San Francisco
Tokyo
Bogota
Sao Paulo
Capetown
Melbourne
$3,318,000 Annual Revenue
20. By 2019 - 80 Franchises
Stockholm
Toronto
New York City
Paris
San Francisco
Bogota
Sao Paulo
Capetown
We estimate there are
25 cities worldwide that Tokyo
could each support 10
houses, or 600
students per year. At
full scale of 250
houses, this will
represent $82M in
revenue.
Melbourne
$26,544,000 Annual Revenue (80 franchises)
21. Growth Opportunities into
other Demographics
Prereq - high school program
!
Capstone - university program
!
Sabbatical - 30-50 year old program
!
Emeritus - retiree program
22. Ask
$600k
Milestones
Use of Proceeds
Full Staff including:
CTO
Senior Program Director
Internationalization Director
Admissions Director
Content Marketing Director
!
Spend $770k - Rev $585
• Build the best Gap Year program for the
21st Century.
• Demonstrate the only highly scalable Gap Year
program.
• Own the idea of Gap Year for the information
age. (e.g. DropBox)
