venture lab | la final presentation
DESCRIPTION
TRANSCRIPT
Introducing
LIVE THE LIFE YOU'VE IMAGINED
Venture Lab | LA wants to help you...
ProblemCauses1. Availability 2. Ignorance3. Committees4. Comfort 5. Momentum 6. Passivity
The Six Enemies of Greatness and Happiness. Forbes. Feb 28 2012http://www.forbes.com/sites/jessicahagy/2012/02/28/the-six-enemies-of-greatness-and-happiness/
Greatness and Happiness are Rare
MissionImprove odds of "Right for you"
being "Right in front of you"
Solution
This tool will help ... By...1. Increase availability Intelligently connecting users to relevant info/people
2. Reduce ignorance Get tips/advice from others
3. Fire the committee Start a new one by finding others who want to do the same thing(s)
4. Disrupt comfort Incentivise discomfort with rewards
5. Gather momentum Introduce competition with gamification
6. Encourage less passivity Show/Tell people what you want to do
A SMART list app with SMART automationS.pecific M.easurable A.ttainable R.elevant T.imely
ResultsGreatness and Happiness are more Common
Right in
front of us
Right for us
Shockingly Common
MarketCustomer Segments Early
AdoptorEarly Majority
Late Majority
Has a smart phone X X X
Has downloaded an app before X X X
Has a list of things they want to do X X X
Has written down a list of things they want to do
X X
Has searched for an app to keep track of things they want to do
X
Market
Total Available Market: $ XX
Target Market: $ XX
Key Competitors
These tools offer organization, guidance support, inspiration, a strong user experience. But none improve efficiencies with automation.
There is nothing like our app out there
TeamMelissa Jeffries has a biomedical engineering and management background and specializes in entrepreneurship, product design, engineering, quality design assurance, and leadership.
Yolanda Jones is experienced in technology-based management, academia, and her skill set lies in strategic analysis, finance, human resource management, and operations. Not only has she started a business and tech consulting endeavor on the side, but she has taken entrepreneurship classes and started a boutique company.
Ricardo Barretto developed partnerships in Brazil for a technology company, and has experience researching new technologies that have the potential to change paradigms in the world.
Jing Feng studied Economics and International Business and utilizes her business development, marketing, and customer service abilities daily as an Internet Marketer at a social media start-up. Her previous experience includes program management, design, and sponsorship within non-profit, entertainment, and automotive sectors.
AdvisorAlex Bäcker
Founder & CEO, QLess, crowned Best Business Services Company in the USA
Founder & CEO, Ab|Inventio, Invention factory that spun off QLess and Whozat
IST Board of Advisors, California Institute of Technology
Former scientist at Caltech and Sandia National Labs