1- Executive Summary
CheckiO a website developed programming company for programmers initiated in 2011
who had an interest in improving their programming skills in the use of Python (a programming
language). CheckiO was founded by Alex Lyabah, as a hobby for him, his friends, and coworkers
to challenge other programmers in solving code-based problems of high complexities using a
game metaphor. Lyabah and his hired project manager, Liza Avramenko want to continue to
grow and take CheckiO to the next level, but in order to achieve this they have to seek investors
for the funding.
With not much funding, except CheckiO initial funding of $118,000 funded by venture
capital and other sources, TechStars a high tech business incubator. CheckiO has a strong
business model, but at some point in time, the company will face situations that will need
improvement. The website main source of income is through subscriptions, product sales, and
advertising. More venture capitalist investors are needed to expand CheckiO. To attract
investors, CheckiO has to address the current problems of language support, pricing, and
defining its relationship with academia and critique these problems of interest to the company
bottom line.
When considering the performance of the organization, and with these 3 major problems
evolving around CheckiO, language support, pricing, and defining its relationship with
academia. It’s in fact a priority that these problems need to be analyzed to determine possible
solutions.
The Python language CheckiO started using when they launch the website was a popular
language at the time. But, Python wasn’t the most widely used language in the computer
programming industry. So, CheckiO had to make the decision if they wanted to be among the
most sight out companies in the industry. Do you expand into alternative languages or stick with
the Python language from the start? CheckiO could survey their community based user of the
system and let them decide what they prefer and works best for them. Getting an idea of what
attracts your registered members and what features they want to and then along with explore the
cost and cost savings of implementing new languages and continuing using current language.
With the cost of considering exploring new languages and enhancing your current
language it can become very expensive. Pricing is most definitely of high priority when
considering all the aspects, the company, your sponsors, and other organizations. It had to be fair
to both the larger organizations and smaller organizations, with each company having its own
complexities. CheckiO considered and focused on selling “islands” to organizations who were
interested in CheckiO programmers. The “islands” service must be paid in advance, this
advantage would give CheckiO funds to expand. Or, CheckiO could continue and leave the
website as it currently is, pricing will continue to be the same, but no enhancements or
attractiveness has been achieved to grow the company’s capital venture.
Even though, CheckiO has to determine a language support, and pricing, the relationship
in academia has to be addressed and determined key solutions on how to get it more involved
with the company. But, relationship in academia could create setbacks, because this is a venture