Startup changelog v0.2

v0.2

  • Outline is at 90-95% status
    • Originally intended as a pitch deck outline, quickly realized this is an outline of practically the entire startup
    • Pitch deck will be derived from this
    • Feeling good about how the major questions being answered
      • Still got the nagging “is this really possible” thought (may drink more)
  • Attended Venture Café for the first time
    • MassChallenge had a networking event at Venture Café, in Cambridge at MIT
    • Met some very smart, very interesting folks looking to participate in the challenge
    • Lots of biotech representation in the competition; feel sort of goofy in comparison (note: when billionaire, fund them all for the greater good)
  • I has lawyers!
    • I had an immediate legal question and found a good consulting add-on with legalzoom
      • The idea that I “have lawyers” is endlessly amusing to me; phrase being abused at home hourly
    • I now have a valid and binding NDA that uses me personally as the party in question, until the IP transfers to the startup
    • NDA already in use
      • Also hilarious: NDA’ing my parents
  • Growing concern about a bubble
    • This week alone there’s been a lot of startup news that’s got me (somewhat) reeling
    • On the one hand, you have Foursquare going for some well-deserved funding
      • Keeping in mind Foursquare has real revenue
    • On the other hand, free app Flipboard gets a $200 million valuation
      • As far as I can estimate, acquisition to a sucker whale (new term) is their only exit strategy (if they even have one)
      • I do wish them the best, it’s a great app
    • Most concerning: Color receives $41 million investment (read: real money)
      • I’m holding judgment on this but only for a week; my trustworthy gut is ready to call bullshit
  • AwesomeWife™ sent me this interesting Mashable post about Groupon’s development choices in cloud computing
    • Now I’m looking at Salesforce.com, Amazon services, etc.
    • Might need less from-scratch development than originally thought
  • Next steps:
    • When outline breaks 95%, create entire roadmap
    • Order business cards
      • But before that, creating logo
        • But before that, create branding
          • But before that, solidify look and feel
            • Consider announcing the name next week for gathering thoughts, opinions, and insights from networks
    • Grow beard back
  • dad

    And the father element is proud~