MVP-Challenge

The Power of Challenge

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The Power of Challenge

3 followers

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In 2 weeks you could have the initial version of your startup and full code ownership, saving yourself $10,000 in development costs.

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Osaurus

Hunter

Clever idea. I was concerned about ownership, but this statement is helpful: We will choose our favourite idea from a shortlist of 10 entries then develop and launch the MVP within 2 weeks. We will sign NDA and contract to protect your ownership Would like to understand more about the risks here and ownership though... like, if my idea were to be chosen, I get to keep all assets, source code, etc?

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7yr ago

iGotNext

Maker

Hi @chrismessina! Thank you for the question. We do not pretend to any ownership rights - code/assets/intellectual rights are all yours. I can't see possible risks for you. Our motivation is to create a useful app and show what we can do in just 2 weeks.

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7yr ago

A lot of folks feel fairly protective of their idea(s), sometimes justifiably.

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7yr ago

I would add some notes about what it your motivation, I'm sure that your intentions are clean but it looks a bit suspicious. Also - NDA should be signed *before* people submit their ideas. There is also a risk that the NDA won't be valid in your territory (Ukraine) due to local laws, I mean - NDA is a deed / agreement and is bound by the laws of the state it is signed in. I'm not sure it could be enforced on overseas people

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7yr ago

iGotNext

Maker

@erin_ben Thank you for the comment, Erin. To win the challenge, the author has to get as many likes & shares of own idea as possible. So idea (shortly) will be published on the website with all visitors. https://mvp-challenge.com/idea/M... You have to describe the project, target audience and how people solve this issue now. We are not asking to describe the unfair advantages or another secret ingredient. That's why we sign NDA and contract AFTER the winner will be chosen.

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7yr ago

@oleg_kalyta it means that ideas submitted and not winning, are not covered... it would prevent serious people from sharing their ideas. see the comment below me.

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7yr ago

iGotNext

Maker

@erin_ben There are always people afraid to share their ideas with the world. There is no way for us to make it completely confidential, as the main term of the challenge is to share the ideas with others and check whether people like it or not. All we can do - is to guarantee full security and safety from our side. That's why we are ready to sign contracts and prepare custom NDA that will be valid both in Ukraine and in the country of idea owner.

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7yr ago

@oleg_kalyta what you could do, this is just a suggestion ok, I'm just trying to help. I'm sure you are super professional and can build (almost) any MVP within 2 weeks. I would add terms and conditions which say that all information submitted is confidential and will not be disclosed etc. I would add this before people submit their ideas and not just for the selected "winners" otherwise, there is no sense for your business process. Good luck

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7yr ago

iGotNext

Maker

@erin_ben great suggestion, thank you :)

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7yr ago

iGotNext

Maker

Hi Chris! Thank you for the question. We do not pretend to any ownership rights - code/assets/intellectual rights are all yours. I can't see possible risks for you. Our motivation is to create a useful app and show what we can do in just 2 weeks.

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7yr ago

@oleg_kalyta whats the business model here? how do you guys get paid?

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7yr ago

iGotNext

Maker

@wolfwave we do not expect to be paid for this challenge. We believe in "pay it forward" attitude. And as we have some free time before the next project want to make something useful for the community. Our global intention is to be an example for others and involve companies which can help budding startupers who deserve it.

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7yr ago

My bet is to demonstrate to potential clients how much they can achieve in just 2 weeks. @oleg_kalyta @wolfwave

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7yr ago

Cold Email Templates Database

Great initiative. Could you just be more precise in term of the value of the "points"? These points will create the shortlist, then you'll finally choose based on your interest? Thanks a lot and again congrats for this project!

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7yr ago

iGotNext

Maker

@opourquier you are totally right: points gonna qualify top 10 ideas 💡. Then we will choose 1 and implement it. We use AddThis’s api to get precise number of shares across all social networks. There is some delay in results. Plan to show points opposite each idea in the list tomorrow ✍️

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7yr ago

Cold Email Templates Database

@oleg_kalyta Perfect, thanks a lot for the reply

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7yr ago

Love the idea, just submitted my project. Do I understand correctly that the time to gather shares is until the 16th, after which you will choose one of the projects from the top 10?

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7yr ago

Cold Email Templates Database

@amarenselise Points gonna qualify top 10 ideas 💡, until the 16th. Then they will choose 1 and implement it.

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7yr ago

/ai

These guys crushing it. I hope to see something like MVP-Challenge with hundred of teams around the world. Maybe it can be the next Maker Festival @rrhoover?

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7yr ago

Love the idea. To be a good MVP, suggest to define upfront hypotheses that the startup needs to validate in market to understand viability. Business, customer hypotheses... Then build the MVP around these. This way, it's more than just a working prototype but actually helps to validate market viability of the idea. A worksheet like MVP Canvas can help https://www.5dvision.com/docs/mvp/

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7yr ago

iGotNext

Maker

@vzanini thanks for suggestion. I like to use Canvas too. Also I winner do not mind using customer development interviews it would be awesome!

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7yr ago

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