What are the judges looking for at Startup Weekend?
This post originally appeared on blog.up.co
Did you know that Startup Weekend Las Vegas is not only ran by volunteers, but the mentors, coaches and judges are volunteers as well? We will dive into each one of these groups as we progress closer to the event, but let’s start with a little bit about what the judges look for and how they play an important role in Startup Weekend.
Startup Weekend typically has 3-5 judges who will evaluate your final presentation on Sunday evening. Many of the participants will be pitching an idea for the first time, so judges play an integral role in providing valuable feedback to teams. There are three things that judges will keep in mind during your pitch, and so should you as you build out your business or prototype:
Did your team build something that people actually want? How well do you understand your customer and your customer's needs? Did your team get out and talk to customers? What is the value proposition to customers?
Execution and Design
Has your team established a minimum viable product (MVP) for the weekend, such as software or hardware, etc.? Did you build the minimum set of features needed to start collecting data? Does it deliver a compelling and captivating user experience? Were you able to demo something functional?
Business Model Validation
How does your team plan on making this a successful business? Have you thought about (either solved or identified problems) competition, how to scale, acquiring customers, your revenue model, etc.? How will you acquire your first 100 customers?
Startup Weekend Las Vegas 2017