Startup Weekend Day 3 – 60 sec pitch, Customer Validation, Business Value, Wrap Up and Lessons Learnt

Day 3 of the weekend was entirely focused on validating the target customers, revenue numbers, business models and completing the proof of concepts for the pitches to the judges at the end of the day.

How did the morning begin, well we found out that we did not have to develop a platform as there was one tried and tested platform, so it would make it easier for the team to develop a proof of concept. This also opened up an alternate revenue stream for implementation and hosting which was really great as that was one big business risk.

We also had a great discussion with one of the mentors, Sean Krepp of Grameen Foundation, who is currently involved in a lot of data collection and monitoring, on the business models, value propositions, risks and how to laser focus on a customer problem.

Dry Run for Final Pitch

Dry Run for Final Pitch

The strange thing about Day 3 – Sunday was that the energy levles were ebbing towards empty as the timelines etched towars the finish line. The first checkpoint was at 12 noon where we had to present the first draft of the final pitch presentation to the mentors who were around as a “dry run”. Thank God for the mentors because they were relentless in their pursit of information, updates, validation of customers, revenue models and business justification.

The afternoon was slow as we got all ready for the presentations with finalizing the documentation for the presentation. We emptied the rooms and organized the ares for the last pitch. Well finally the judges arrived, and it was with great fanfare that the final pitches began, and of course Databud was the first off the tracks, and we had a great time “first presenters” always do.

The Guest of Honor, Hon. Ham Mulira, arrived during the pitches, and from my vantage point seemed to enjoy the energy and vitality that was going on. He seemed to be going back in time to when he was younger I think, coding in C on those UNIX machines.

Databud Final Pitch to Judges

Databud Final Pitch to Judges

Well after the speeches, the judges went to to deliberate and we had a few words from the Guest of Honor. Just as Hon. Ham Mulira was getting up, one of our mentors, Reinier Battenberg, did a Kanye West, and asked the attendees in the room to give the lead organizer, Richard Zulu, a round of applause for organizing such an event and being such a community leader.

Hon. Ham Mulira was eloquent, in touch with the times and gave a great rendition of his days, but his take away quote as “You do not have to be great to be start, but you have to start to be great”. After he introduced two of his guests, great manners for a big man.

Once the speeches were done it was time to wait for the judges to come back and announce the top three apps of the evening which were Sonda, MyZiki and BetOM.

While we may not have won we had a great time, for me it was a great learning experience and a once-in-a-lifetime event. Of course now I will be attending hackathlons and similar events whenever I can get a chance to improve and further develop my skills.

Final Pitch to Judges - Front View

Final Pitch to Judges – Front View

 

 

 

 

 

 

 

 

 

 

UPDATE:

Follow the experiences from the first two days at:

  1. Startup Weekend Kampala – Day 1 – Ideas, Pitches, Teams
  2. Startup Weekend Day 2 – Platform, Mentors, Coding, Product Positioning, Decisions during Execution

 

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