It's time for Social Networking

Yes!

Finally we did this challenge! 

We found it really challenging and yet very exciting to hear what they think about our business idea and lean canvas and get their valuable feedback. 

Without any further due, we will introduce you our interviewees: 

Advice #1

Steven Phelan

 (Distinguished Professor of Entrepreneurship at Fayettevile State University)

One of our teammates, Ventsi, met Steven when he taught an entrepreneurship course as a visiting professor at University of Cologne. Ventsi approached him via LinkedIn and gratefully that Steven agreed to give us his 2 cents of advice. Besides being an academician, Steven has experience in a corporate job, has worked on a few of his own ventures and also attends angel investor meetings. Because of this, we believe him to be a perfect advisor for the execution part on our business idea. 

What we learn from his valuable insight? 

Steven expressed his concerns about our broad business idea, since a very broad platform will require a lot of workforce. He recommends we start with something narrower, more specific and then expand it. He also suggests that we use our expertise in different industries to our advantage.  

Advice #2

Raicho Dimov 

(Ex-banker with experience in new ventures)

Raicho Dimov is a past-colleague of Ventsi's father. He was a banker for many years and has previously worked on a payment service platform. We believe his substantial understanding of financials and experience in tech startups could give us important insights about how we could develop our platform and what our biggest cost drivers would be.

What we learn from his valuable insight? 

Raicho's advice was rather technical. He recommends two options which are either to build our own database or an algorithm to search for the information from other sources.The latter requires experts in the respective field to deliver a platform that brings the best interaction to our customers.

Based on the two advices, we will definitely consider narrowing our focus or pivoting our business model based on the results we get from our solution interview.

After such valuable feedback, we bet you are curious about how we iterate our business model! Don't worry, we will keep you updated...