Tuesday, April 25, 2017
Week 13: My Entrepreneurial Journey
Some of the biggest highlights from this project include how I was able to go out of my comfort zone to meet and talk to professionals. Even though I am not actually developing this technology, I think speaking to them gave me deeper knowledge on the product and allowed me to modify my business model canvas. A lowlight for me was definitely understanding the technology and logistics behind the product. While I understood it was an integrated greywater filtration with thermal regulation, for the longest time I didn't understand the mechanisms behind it. Most customers do not understand what "greywater filtration" is so I think understanding and breaking down the logistics would be helpful for me, customers, and investors. In order to do so, there were some videos and pictures my team and I had found, detailing the process and general overview of the system.
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Hi Varsha,
ReplyDeleteThanks for the updates. Interesting to note that you were struggling with the technology. It's often the case in engineering based companies. But, there is often no need to know the details of how something works as long as you know the needs of your customers and can address them. Think of it as being outward facing and customer oriented.
Hope you've enjoyed the project so far. I think it's interesting with a lot of potential. Help the group with go-to-market strategies and financials as these are often weaknesses in investor pitches. I look forward to seeing what you have for us on Thursday.