"Digital Family Story Preservation Platform"
Taletrove is an innovative digital space, striving to breathe life into timeless family memories by enabling you to record and preserve your stories. Aimed at filling up the gaps in your generational narrative, it is designed for those who wish to delve deep into their roots and experiences. With Taletrove, explore history through a personal lens while ensuring that your lineage has access to these cherished tales in the years ahead.
Our mission is to preserve and record family stories for generations to come. Our vision is to give everyone the opportunity to tell their life story.
Our customers are mainly female gift buyers aged 30-55, purchasing Taletrove subscriptions as meaningful gifts for their elders.
Your startup could solve the problem of lost ancestral history and family stories. It provides a unique, personalized gift option and promotes inter-generational communication and bonding.
the memories and experiences of older generations often go unrecorded, leading to a loss in family history.
Taletrove. An enjoyable platform that collates users life stories and becomes a digital memory box. Not only this, we offer hardback book prints to give users a physical keepsake.
Artificial Intelligence, Natural Language Processing, Cloud Computing.
Use my answer
Their stories will live on for generations to come.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
Your key role is Co-Founder and CEO, you're responsible for strategic decisions, customer acquisition, funding, operations and technology development.
Our team includes Richard Jaques, CCO with 10 years experience; Shaun Wyn Jones, Marketing Advisor; and Bradley Wilton, Product Advisor.
StoryTerrace - you capture your life story in a hardback book, after extensive interviews with a writer. It costs between £1950-£6450. StoryWorth - US company who send out weekly questions about your life. They collate these and print in a hardback book. Costs 99 dollars for the year.
Experience digital memory storage at a modest price with flexible subscriptions. Enjoy hardback colored books, not just black & white. Answer by audio if typing isn't your thing - we'll transcribe it for you! We foster family involvement, making memories a group venture.
We offer a 3 tier monthly subscription; Bronze - £6.99 Silver - £10.99 Gold - £19.99 Singular payment of £30 per book for an additional hardback book
After comprehensive market research and surveys, we've partnered with a digital agency for our website creation, secured a producer for hardback books, and recruited two expert advisors to support the venture.
Positioned as a recognized business, we boast over 500 recurring monthly subscribers.
We project a churn rate of 10%, which suggests we will have to regularly attract new customers to maintain growth. Our customer acquisition cost (CAC) is expected at £5, it's vital we aim towards improving retention while also reducing CAC for better profits and sustainability.
Yet to kickstart our trading operations, poised for dynamic financial momentum.
Our company incorporated in
London
The main risks could include potential competition, issues with customer retention and engagement over time, privacy concerns regarding sensitive personal data storage and processing, converting free users to paid ones or difficulties in securing ongoing funding for product development.
$
2000
We raised investments
Sam and Richard, 50% each
$
45000
Currently, we are raising investments
$
500
Estimated pre-investment valuation of the company
Leveraging AI, we'll redefine storytelling with author-voiced audiobooks. A share of our profits supports dementia charities.