LetsRead: Transformative Peer-to-Peer Book Sharing Network
Our startup, LetsRead, addresses the global issue of limited access to a wide range of affordable books. We bring together readers and students in a peer-to-peer platform for sharing, buying, selling, and accessing free books locally, in addition to fostering reader networks through reviews, friend interactions, and genre-based discussions. This creates a sustainable, community-oriented book-sharing ecosystem.
Empowering global access to affordable books through a peer-to-peer network fostering community engagement and shared learning.
Our potential customers include avid readers, students, educators and book enthusiasts seeking diverse reading materials.
LetsRead offers a platform for book discovery, reviews, and easy exchanges within localities. It also fosters reader connections based on shared interests via blogs and network features.
LetsRead users create a profile, discover books based on interest and shared reader connections, facilitating easy book exchanges within a robust reading community.
LetsRead ensures easy access to books, nurtures reader connections for story sharing and expands literary horizons in a rewarding community.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
As the Product Owner, I lead UX/UI design, manage development, handle social media and collaborations for ads to drive conversions.
1. Me 2. Strategic Partner (assisting in Machine Learning based solutions for book recommendations based on data) 3. Team Lead Developer 4. QA and Software Tester 5. Social media Individual
Competitors include Goodreads for reviews, BookMooch for swaps, Libby for library lending, and Scribd's subscription model. Our edge is in merging physical book sharing with a social aspect.
LetsRead uniquely combines physical book sharing with vibrant community engagement for a tailored reading journey. We prioritize reader connections through reviews and discussions. Our intuitive app makes swapping easy, while our algorithm aids in discovering books that align with user interests.
We operate on a freemium model, offering free basic services such as book sharing and community features. For full access, we charge a modest subscription.
MVP Launched 43000+ Downloads Design of Extended features has been made. 450+ daily active users Approximately 5000 books in the system Apart from my investment, I raised 36,000 USD from friends & family 1 Million+ views on our promotional videos
Downloads: 43,000+ (as of Aug 17, 2023) since MVP launch 4 months ago. MAU: ~13,000 active users. User Retention: 3,000+ returning users. CAC: $0.20 per user. MoM Growth: Acquiring ~10,000 users/month. Daily Stats: 2,800 screen views, 261 notifications received, 1,000 search requests.
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Our company incorporated in
The major risks include potential imitation by larger competitors, making differentiation challenging. Monetization may delay if users resist ads or subscriptions. Also, technical challenges like server issues or bugs could arise as our user base expands.
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We raised investments
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Currently, we are raising investments
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Estimated pre-investment valuation of the company
LetsRead, our startup, promotes vibrant reader communities by making book sharing and discussions user-friendly. We strive to enhance literacy and community engagement based on insightful audience feedback.