So a friend of mine convinced me to attend a Startup Weekend – http://www.startupweekend.org . I don’t like talking in this forum but siffice to say, in the minutes before the event actually kicked off, I had met a fellow participant and while we were reading over the program documentation, I said to my new friend, “why wait for the weekend? There are people in every city coming up with solutions for issues. There are developers living all over the country. There are investors looking to be part of the next cool product. Why are we limiting the process to location. This entire process could be automated on the web and the connection wouldn’t depend on location.
The first thing that came to mind was the inevitable cherry picking of ideas that would occur if all the ideas from a startup weekend were to be posted online for people to scan through. No bueno. So the solution goes like this. Users would register for access, establish an account, a login, pay a fee and enter a specific, moderated discussion room. Within this room would be only the participants during a particular time frame or session. The ideas could be submitted via uploaded 1 minute video (which would reduce the dilemma of stage fright that hits some folks when they get a microphone handed to them and they are standing in front of 150 people). One at a time, the videos could be privately streamed to each participants screen, with buttons on the player making it easy to highlight, dismiss, or favorite certain ones. After the viewing, there could be a deliberation period and then a vote would be electronically gathered from all participants.
The top 10% of the ideas could be announced in an automated product, with contact information and team forming could begin from the group involved.
Here’s a huge value part of this model. During startup weekend, you do not have the exact team you want. You may need more developers, or a business developer, or a designer. There may only be one or two business developers in the building, and they are already on another team. With an online solution, you could build in a connection to a “freelance.com” type of site, where developers were standing by, for a fee or rate, and you could have an affordable solution on the team in a matter of a couple hours.
Now, you have a predetermined amount of time to get your presentations put together, again, the end result is a 5 or 10 minute video presentation.
A couple of problems with Startup Weekend, is that you have 5 minutes to pitch an unknown panel, who may not have any idea what you are pitching about, and in my case, you may not be able to conceivably even get them to comprehend the concept. It is a fact that the better decision will be made, the more informed the panel is. Specifically, if you had a 10 minute video, a website, a business plan, and some manner of a video representation of product demonstration, it would be more valuable than just a 5 minute presentation with a 3 minute Q&A.
Some other advantages to this model. You would be able to have focused events. Medical, academic, entertainment, and other folcused get togethers would bring a better, more porductive group of ideas and likewise you would have a better, more aware panel to be selling the finished product to.
I won’t argue that it is really cool to do white board brainstorming in person with your team, and it’s very cool to just disconnect from the normal grind and get lost in the process, in person. That being said, the advantages of a global monthly get together being available to those who were interested far outweight what geography would limit the average participant.
I may pitch this at a Startup Weekend. 🙂
