Happy Saturday Bend teams! Congratulations on making it through the first night! We have eight fantastic teams moving forward with their ideas this weekend:
- Sunshine in a Box
- Terri’s Balls
- Maker Mill
- Bend Life
As you prepare for a productive day, here are some helpful resources that have been mentioned so far this weekend.
5 Slide Start
With all the information you’re trying to track down, it’s good to have a place to start. The 5 slide start provides you with a roadmap for your presentation on Sunday. Insert your ideas on the following into a presentation and you’ve got a good start!
- Market Research
- Revenue Model
- For your Amazon Web Services, .CO and Domain.com codes, come see Katie!
leancanvas.com – Online lean canvas model you can fill out
http://twitter.github.io/bootstrap/ – Quick way to code
- http://www.slideshare.net/katiecharland/start-up-weekend-jake – Presentation outlining good startup practices
Sunday night pitches are five minutes long. Will we cut you off at five minutes, so make sure you practice lots and don’t feel you have to stretch your presentation to fit the full time.
The Startup Weekend judging criteria is broken up into three sections. Teams are judged according to the following 3 criteria (weighed equally):
1. Business Model — The heart of it all. If you haven’t got answers to these questions, you’ve spent too much time on frills & features and need to get back to the basics:
a. Who is your customer?
b. What is your core value proposition?
c. What are your key activities?
d. What are your revenue streams?
e. What is your cost structure?
f. Who/what are your key partners/resources?
g. What are your distribution channels?
h. What is your roll-out strategy?
2. Customer Validation — Have you taken the proper steps to ensure that the people who matter (your future customers) support and reinforce your assumptions? Think of Customer Validation as ‘evidence’ to back up the core structure of your ‘theory’ (your Business Model). The more feedback you gather (quantity), the more this feedback comes from your specific target market (quality), and the more you’re able to actually integrate this feedback into the Business Model and product development (execution), the better.
3. Execution — The nitty gritty: what has your team been able to actually build over the weekend? Even the strongest of Business Plans are useless in the hands of those who can’t properly execute on them. Getting as far as possible in the development of your product/prototype not only helps give Judges a tangible vision of what the final product could be, but proves your strength and skills as a team. This is what truly matters: investors don’t invest as in ideas so much as teams.