Trader’s Square

 

Name: Anthony Dike NYU affiliation: Arts and Sciences NYU status: Undergraduate

Did you enter last year?: No Do you have any teammates?: No How many, including yourself?:

 

Concept Name

Trader’s Square

 

High Concept Statement

The essence of the sharing economy: a trading marketplace. Trade & Share any commodity including your time.

 

Status Quo

If someone has something they don’t want/need then they can trade it for something else that they find more useful. If one doesn’t have money to buy a product, then they can trade for it instead.

 

Competition

People are trading with their friends but their friends may not have everything they need. Competition: TradeMade, Let go, eBay

 

Solution

People can set the value of the commodity themselves by how much need they have for it. No money is required to acquire the commodity you want/need. Just Trade one or a few things for it.

 

Revenue Model

Advertising and Time Sharing

 

Which platform would you like to launch your app on?

iPhone

 

Which category best describes your app?

Shopping