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LotterBee

Cal Knight
Cal Knight

This document proposes a solution to the growing problem of student loan debt in the United States. It outlines a nonprofit organization called LotterBee that would use a lottery system to crowdsource funds to pay off student loan debt. Participants could buy tickets for $1 or more for a chance to have their loans paid off. Winners would have their loans fully paid and remaining funds would go to subsequent winners. The proposal also mentions generating revenue through corporate partners and advertisers to fund the lottery prizes without profiting directly from participants.

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We Pay Off Student Loan Debt Bee the Solution, Bee the Revolution
PROBLEM Student loan debt has hit an all time high. Americans have an outstanding average of $23,000 in student loan debt.
PROBLEM Some will be paying this off their entire life. There are no alternatives to relieve this absolute enormous burden. This is a $1 TRILLION PROBLEM!!!
HOW CAN WE FIX THIS!!?!! Crowdsource Our Way to Debt-Freedom! Enter.
EASY AS 1 Sign-up a profile with verified loan information.
2 Buy a LotterBee ticket for $1 or 2 for $2, or 10 for $10 oryou get the pointas many as youd like. The more LotterBee tickets you buy the better the chance of having your student loan paid off
BEE! A set consistent date is chosen for all drawings. Up to that date, verified players may buy tickets. On drawing day, 1st prize winners will have their student loan paid off in full. The remaining funds will be used to pay off the 2nd place winner and 3rd, etc. if applicable. If the total sum raised is enough for the 2nd winner picked but not enough to cover the total loan, whatever portion that is left that was raised will be paid toward their loan.
DETAILS: HOW DO WE MAKE $$$ IF WERE PAYING OFF OTHERS DEBT!? LotterBee is a non-profit organization so all monies raised are re-distributed as prizes via validated loan-payment. A separate for-profit company is setup in tandem which receives revenues from advertisers and partners who want to reach the target audience.
MARKET
POTENTIAL PARTNERS & ADVERTISERS
SEED INVESTMENT
LotterBee

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LotterBee

  • 1. We Pay Off Student Loan Debt Bee the Solution, Bee the Revolution
  • 2. PROBLEM Student loan debt has hit an all time high. Americans have an outstanding average of $23,000 in student loan debt.
  • 3. PROBLEM Some will be paying this off their entire life. There are no alternatives to relieve this absolute enormous burden. This is a $1 TRILLION PROBLEM!!!
  • 4. HOW CAN WE FIX THIS!!?!! Crowdsource Our Way to Debt-Freedom! Enter.
  • 5. EASY AS 1 Sign-up a profile with verified loan information.
  • 6. 2 Buy a LotterBee ticket for $1 or 2 for $2, or 10 for $10 oryou get the pointas many as youd like. The more LotterBee tickets you buy the better the chance of having your student loan paid off
  • 7. BEE! A set consistent date is chosen for all drawings. Up to that date, verified players may buy tickets. On drawing day, 1st prize winners will have their student loan paid off in full. The remaining funds will be used to pay off the 2nd place winner and 3rd, etc. if applicable. If the total sum raised is enough for the 2nd winner picked but not enough to cover the total loan, whatever portion that is left that was raised will be paid toward their loan.
  • 8. DETAILS: HOW DO WE MAKE $$$ IF WERE PAYING OFF OTHERS DEBT!? LotterBee is a non-profit organization so all monies raised are re-distributed as prizes via validated loan-payment. A separate for-profit company is setup in tandem which receives revenues from advertisers and partners who want to reach the target audience.
  • 10. POTENTIAL PARTNERS & ADVERTISERS