Board Meeting 2
The team has meaningfully innovated in one or more core business model areas? | ||||||
13 Yes |
1 No |
8 No Answer |
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The evidence that at least one customer archetype is eager to purchase is? | ||||||
1 |
2 |
3 |
4 |
5 |
6 |
|
0 |
2 |
1 |
3 |
12 |
4 |
|
The customer archetype(s) developed were very specific, and well understood? | ||||||
Unanimous >> YES |
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The customer discovery data was robust, reliable, and convincing? | ||||||
17 Yes |
2 No |
3 No answer |
||||
Did the team talk to enough customers? |
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19 Yes |
2 No |
1 No answer |
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Was it clear that the customers were in the target market? |
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20 Yes |
1 No |
1 No answer |
||||
Did they ask good questions which got at the risks of their b-model? | ||||||
13 Yes |
7 No |
2 No answer |
||||
Was their data summarized and presented in a convincing manner? | ||||||
17 Yes |
3 No |
2 No answer |
||||
The MVP appears salable to early adopters? |
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Unanimous >> YES |
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Taken together, the venture has reached product-market fit and is ready to scale? | ||||||
20 Yes |
2 No |
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(+)6 |
(-1) |
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I consider myself in the target market? |
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4 Yes |
18 No |
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I plan on buying this product ASAP? |
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3 Yes |
19 No |
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No change |
(+3) |
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How likely is it that you would recommend this product to a friend? | ||||||
1 |
2 |
3 |
4 |
5 |
6 |
I'll recommend it today! |
0 |
3 |
3 |
6 |
5 |
4 |
1 |
0 |
(-1) |
(-1) |
(-1) |
(+3) |
4 |
(+1) |
In your view as an educated investor, if the business model fell apart, it would be because: | ||||||
People don't want them |
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Too smallof a market |
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Key Resources-Batch sizes-Delivery times |
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Maybe price? But don't think it's a big issue |
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Your shirts hurt my eyes |
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costs to build are really expensive |
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High initial cost |
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Difficulty having a supply of letters |
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Lack of demand, not getting into other sororities |
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Word of Mouth |
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Not enough customers, Your shirts hurt my eyes also |
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Low market demand |
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Cost structure |
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Channel issues |
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supply issues |
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not enough demand |
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customer market not good enough |
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taking too long between orders |
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over-confidence in the market |
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batch cost |
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Is your product different enough? |
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Magic Wand/ Recommendations? |
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I'm just worried that your product isn't unique enough! |
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Do non-Greek letters. Initials may work |
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Just keep selling! New MVP looks great |
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Very nice, no complaints |
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Not be a senior |
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More market scale, grow at JMU and move onto another school |
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They look great! Consider the stands on the back of picture frames | ||||||
Batch size is risky |
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Larger market |