Here's a summary of the meeting with had with Jay and Noam in the beautiful Gates Loft:
- KUDOS! The teaching staff noticed that we were on top of the project launching
- We have 11 days until the Feb 4 meeting with Hercules so we should be brainstorming and benchmarking now
- Benchmarking: see what's out there (i.e. other apps that do music sharing) so we don't reinvent the wheel; balance new ideas with existing ones so we don't lose creativity
- Brainstorming: get a wide berth of potential features with justifications for why they'll work (data driven or research driven, similar to the Swedish Skype market)
- Feb 4 (liaison meeting) and Feb 6 (VC meeting) for two contrasting data points
- (try not to) feel pressured to impress the VCs
- The deliverable for the benchmarking and brainstorming phase is usually a powerpoint presentation documenting work and the rationale
- Some teams have a concrete product idea by Feb 4 whereas other teams have a more abstract glimpse of how they vaguely want to disrupt a market or extend an existing application
- Mehran will give a lecture on rapid prototyping next week Tues - we can build prototypes as soon as our idea is baked enough
- The next 11 days are very unstructured, so we need to make sure to be proactive
We would plan to take the next two days to do some benchmarking and product brainstorming on our own. We each ought to come up with:
- a list of 3-5 products out there that do music sharing (or car music sharing) and
- a list of 3-5 features that we envision our product having with rationale for why (ideally based off of data)
Then, we could all meet up this weekend to consolidate and build up more ideas. So excited!
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