3. Your thought's?
• I can see how “this” mobile app could be huge
success
• “This application” will clearly fill this market need or
space
• I am not sure if something like “this” can be done but
if its possible it can be a phenomenal success
• This is an emerging market, I am not clear on
specifics of the product but this market has lot of
potential for new mobile products
4. Challenges
• Can we build this product?
• How much time will it take to market?
• How much money I will have to spend?
• How do I find funding?
• I don’t understand technology
• Will it be successful?
• Will it work?
5. Sharing & Feedback
How do I impressively share my Idea and get an
intelligent feedback from investors, partners,
potential customers, consultants, trusted
friends, family?
7. Benefits Of “POC”
• Low cost prototype
• Time efficient
• Encourages an intelligent dialogue
• Shows that you are here to do “business”
• Establishes your credibility as someone who delivers
• Early feedback in terms of product viability
• Gives you a clear roadmap of your future product in
terms of features, cost
• Builds trust with your resources & partners involved
9. Build a feature list
•Think like a user
•Think like a customer
•Think like an investor
10. Waze Feature List
• Fastest route to destination
• Smart Destination Search – Address Look Up
• Wazer Profile
• Directions in map
• Directions in voice
• A variety of Voice Languages
• Directions as a list
• Social Media ( Facebook )
• Distance in Miles or KiloMeters
• Global Application ( Can be used anywhere in the world )
• Avoid Toll Roads
12. USP – Dating App Examples
• EHarmony: “We find the best suitable
matches”
• Tinder: “We make connections easy in any
geographical location”
• Coffee Meets Bagel: “We connect friends of
friends”
13. Waze – Unique Selling Point
We
take you to your
destination
in
shortest time
14. Identify the Building Resources
• Software Engineer(s)
• QA (if needed)
• Development Technology
16. Negotiate on USP
• Revisit your USP to identify the feasibility with
respect to time, money and value
17. Proof of concept – Some Notes
• A POC is not a finished product
• A POC may not be user friendly
• A POC is not a revenue source
• A POC may simply be demo-able
• A POC may give birth to product roadmap
• A helps builds teams & partnerships
19. MVP
• MVP is product or a product feature in action
• An MVP unlike POC should be user friendly
• Its good to think of scalability before rolling
out an MVP
• An MVP may be deployable
• MVP is a good place to build statistical
features to collect user data
• An MVP can build revenue streams
