The universal Startup Weekend judging criteria is broken up into three sections. Teams are judged according to the following 3 criteria (weighed equally):
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:
- Who is your customer?
- What is your core value proposition?
- What are your key activities?
- What are your revenue streams?
- What is your cost structure?
- Who/what are your key partners/resources?
- What are your distribution channels?
- What is your roll-out strategy?
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.
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.
I will send a more detailed response in the relatively near future!
From: Briggy Hall
Date: Thu, Apr 26, 2012 at 9:55 PM
Subject: BH Startup Fund
To: email@example.com Hi Rick, Hope this finds you well. I'm floating around this letter just in case you or you would like to know someone who would like to support our cause. I'm doing the fund-raising two ways: crowd-funding and donor-seeking. Please let me know if you would know anyone who would find the cause of helping startup entrepreneurs in the Philippines worthwhile. Hope you could champion us. Cheers, Ivanna Briggy Hall Web briggyhall.multiply.com