The post Augmented Virtual Reality Technology Online Shopping VFit Show 029 first was published on mitchelchadrow.com
0:00 you’re listening to the listen up show
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0:05 Show 0 to 9 we have 5 cofounders of V
0:10 Fitz fan 11 Julianna
0:12 kosha belli jati Saha Aida Wang Andrade
0:16 MS air what you will learn on today’s
0:19 show the importance of using a start-up
0:21 outline business plan I wanted to bring
0:24 on a group of student entrepreneurs that
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training materials all back at Mitchell
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Chad Road comm slash sign up now enjoy
1:27
the show the group is in the process of
1:30
developing an application that can be
1:32
used to virtually size and fit clothing
1:35
realistic simulation of triangle and
1:38
clothing and virtually so that consumers
1:41
will not have to go into the store to
1:43
verify they have the correct size they
1:46
currently are working on a start-up
1:47
project they are student entrepreneurs
1:50
at Drexel University in the School of
1:52
Engineering
1:53
I had V fit cofounders on to actually
1:56
help them with their startup outline
1:58
that I created not only for them but for
2:00
all of my listeners thank you so much
2:03
today for joining us on yet another
2:05
listen up show and the Mitchell Chad
2:08
Rowe podcast where it’s all about
2:10
startups entrepreneurs
2:12
this owners and those with careers who
2:14
deep down inside really do want to start
2:18
off and now on to the show how did you
2:21
guys actually meet so how to edit a team
2:23
come together so actually we have a
2:25
class that was called in here and design
2:28
this kind of group together for like the
2:30
class project because a lot of
2:32
passionate classes together before we
2:34
actually develop engineering far agree
2:36
together which is this design class so I
2:38
knew ADA I also knew Jodi from a
2:40
different class Jodi happen to know
2:42
savanah and Juliana so when is that we
2:44
needed a group of five be kind of let’s
2:46
look at each other really let’s just sit
2:47
and do this together you know when it
2:50
when a team comes together typically one
2:52
person has one strand the other person
2:55
has another strengths so you know you
2:57
you all have engineering backgrounds so
3:00
what what is it about each other that
3:02
kind of kind of all I mean realistically
3:05
I understand that you had the class
3:07
together and that’s kind of how you came
3:08
together but as far as having different
3:10
backgrounds and different skill set it’s
3:13
always good that someone has one person
3:15
it does one thing the other person has
3:17
another skill set so to talk to me a
3:20
little bit about where you’re at in
3:22
terms of that so when we first got
3:24
together so I’m from I’m from made so I
3:28
found a very small town and my mother
3:30
owns her own business actually so I had
3:32
a pretty good entrepreneurial background
3:34
for my mother and I’ve also had like a
3:37
very good sense of the team of how to
3:39
design things like the template when he
3:41
came to our presentations I was going to
3:43
generally like put them together
3:45
let’s assemble them and created like a
3:48
panel for the after time you create do
3:51
you envision then that everybody is
3:52
going to be a co-founder because it kind
3:55
of interesting you know when you’re when
3:56
you’re first getting started in terms of
3:58
deciding how many people to sort of
4:01
bring in who’s going to manage the
4:02
process at some point as you continue to
4:05
develop and you start to think about
4:07
incorporating those types of issues
4:09
actually are going to be have to worked
4:11
out and it’s better to think about those
4:13
things or very early on as opposed to
4:15
later on so have you have you given that
4:17
some thought we have I think so because
4:21
we initially work on this it’s just an
4:23
engineering design project this idea of
4:25
came over
4:26
Booga I don’t Savannah I actually had
4:28
food as we were brainstorming we were
4:31
just things doing various ideas out
4:32
there and collectively like each child
4:35
is different keys and I think the entire
4:36
idea
4:37
so semana I actually are very interested
4:39
in something that we saw when we were
4:41
very little as you want to elaborate on
4:43
that it was a TV show it was also of the
4:46
future not so much person was known as
4:50
simply on the television show what they
4:53
did is it was a virtual television show
4:55
so there was a kid who came from like
4:57
New York 2020 and he came back into I
5:00
guess such as ours as you know and in
5:03
his time period they had this way that
5:05
you could try on clothes you know
5:06
without actually having to try them on
5:08
and just that idea of that simplicity
5:11
had just stuck with both of us and we
5:14
both it at the same time I like sweet I
5:16
remember when I was little I used to
5:18
watch the show and we actually sat there
5:20
at the same time and went on YouTube to
5:22
find the exact clip I were like that is
5:25
what we’re and so it’s kind of like your
5:27
it was kind of like a like an epiphany
5:29
or you’re kind of like that week when
5:30
you had your aha moment that hey this
5:33
sounds like that that we want to sort of
5:34
go forward and do that our startup
5:37
around for all your hosting needs head
5:39
on over to Mitchell Chad Road comm slash
5:42
hosting Mitchell Chad Road comm flash
5:45
hosting for all your web hosting need
5:48
who do you use to host this website when
5:51
did you first start up so when you
5:53
seriously sort of came together and
5:55
started you know seriously working on
5:57
this I want to say it was probably a
6:00
yeah May of this year and and have you
6:04
have you pivoted from from when you
6:07
started in other words did you did you
6:09
start out thinking one thing and and and
6:12
over the last several months have you
6:14
sort of you know decided to sort of
6:16
either backtrack change your mind in
6:19
terms of the direction that you thought
6:20
that it was going to go into undoubtedly
6:22
also originally we were trying to do
6:25
what we’re trying to do with take actual
6:28
like real time photos and convert those
6:31
photos into 3d models but that created
6:35
like a fake image it was almost if you
6:37
look at a lot of the applications where
6:39
you 10
6:40
try on clothing it’s all abot Arby’s but
6:43
that’s not very realistic so you are
6:45
attempting to do that and we didn’t like
6:48
that so what we’re trying to go along
6:49
the lines up now after actually talking
6:52
to the clothed School of
6:53
entrepreneurship here at Drexel they
6:54
helped steer us this way as well was to
6:57
go towards the idea of virtual reality
6:59
and using that type of technology so our
7:02
ideas yeah they’s turns like we’ve got
7:05
quite a few 180s and republished still
7:07
not even done like doing those one media
7:09
cuz obviously idea could always build
7:11
them one refinement idea I’m constantly
7:13
often that we continue to do that we
7:16
weren’t going to broad and you have to
7:18
continuously focus on this one aspect it
7:21
was one demographically one group and
7:23
with one specific idea for example like
7:26
virtual reality with the whole like
7:28
trying on application it could also be
7:30
used by flying furniture start to go
7:35
extremely broad with that and you’re
7:37
about the fourth or fifth person that
7:39
I’ve spoken to in the last three or four
7:40
days that has actually brought up
7:42
virtual reality now the thing is is that
7:44
it’s going to be big but the question is
7:46
you know when is it going to be big the
7:49
question becomes in terms of focus
7:51
knowing what your niche is have you
7:53
really thought about who are your users
7:55
who are your buyers who are the people
7:57
that are going to be out there basically
7:59
saying hey we recommend this particular
8:01
company who are your consumers for
8:03
example who’s the end user have you
8:05
started to define who that is yeah we
8:07
for the most part we define it as being
8:10
like the Millennials the younger
8:12
generation where there are more
8:13
technologies well and and and that and
8:15
that’s why I that that’s why I asked you
8:17
know my first question was in terms of
8:19
your team just not only each person
8:22
introducing themselves and finding out
8:24
okay what what are each of your
8:26
strengths because typically when you
8:28
bring when you’re when you have a number
8:30
of team members two three four or five
8:32
team members and let’s say they’re all
8:34
co-founders for example a lot of times
8:37
one person you know for example you know
8:40
it sounds like you all have engineering
8:42
background some some people have
8:43
business backgrounds some people might
8:45
have sales background for example you
8:48
know in this particular case you know
8:50
it’s the technology the
8:52
who can obviously write the code and
8:54
actually develop the actual app itself
8:57
that’s why we’re saying that it costs
9:00
money to bring somebody else in you know
9:02
in terms of hiring them and and how to
9:04
sort of do all that especially if you’re
9:06
you’re starting up in the beginning here
9:08
or you’re bootstrapping or even before
9:10
you’re you’re raising money you know you
9:13
really needed to flush out the idea
9:14
first and sort of get a prototype which
9:17
will talk about how do you envision if
9:19
your end user is the Millennials and not
9:21
the stores themselves how do you
9:24
envision getting paid for this I mean
9:26
you know is this a free app I mean and
9:29
if so how are you going to make money
9:31
and if it is a paid app you know what do
9:33
you price it at and you know that’s why
9:35
I asked who you’re in user is and
9:37
basically we’re a partner with towards
9:39
that ultimate goal for example we would
9:41
like to partner with a department store
9:42
so when they put their collection on our
9:45
application you can either charge them
9:47
or they can also even the terms of
9:49
loyalty for every single sale so there’s
9:51
I feel like you know 1% or something you
9:53
get the funds from that so the whole
9:55
point is that we are able to charge the
9:57
big stores I want to get the customers
9:59
but you know our Millennials especially
10:01
in our target market we’re connecting
10:03
them and that’s kind of how our revenue
10:05
model is be again the beginning where
10:08
both sides we’re going to be able to
10:10
give stores okay like we’re trying to
10:12
situate the partners you guys of course
10:13
not charge them anything at the
10:14
beginning but once we have established a
10:17
target demographic once you know that
10:19
like these stores would love to get
10:20
their hands on these consumers that is
10:22
when we’re going to definitely implement
10:23
a revenue model that would either be
10:25
loyalty days or just another like a
10:28
monthly charge or however much terms of
10:30
then your market research so you do
10:32
understand you know the Millennials the
10:35
users who are obviously going to you
10:37
know not only use the app but the stores
10:40
that are going to then see the potential
10:42
in the app to say you know what we want
10:45
to go with your group because your
10:48
technology is better have you begun to
10:51
do that market research right so we
10:53
believe in looking at two different
10:54
heads of always repeat of intensive
10:56
stores so our voice posited I don’t
10:58
think I’m going to do is focus on
11:00
Philadelphia because that is a whole
11:01
city at some point when you have that
11:04
prototype in hand
11:05
know you’d want to probably at least get
11:07
about a hundred people to you know to
11:09
test it out and to sort of get an idea
11:12
the reason why I asked you who your end
11:14
user is who you’re focused on is because
11:17
it’s either the Millennial the person
11:20
who’s obviously going to use it to make
11:22
the purchase of the item or it’s the
11:25
actual boutiques themselves who you’re
11:28
saying to them you know you’re going to
11:30
them and you’re saying you take this app
11:33
and market this app to your and user ie
11:37
the people that physically come into the
11:39
store and and so there’s a shift there
11:41
who that end user actually is and who
11:44
you would actually want to target in
11:45
terms of your market research do you see
11:47
what I’m saying in that regard yeah we
11:50
were actually thinking of like a way to
11:51
sell it
11:52
from this like inside the store to get
11:54
more people to download the application
11:56
was to ask businesses we may like be
11:59
working with and they would maybe like
12:03
they would offer to you to do a lot of
12:05
shipping like you can form things online
12:07
have them shift your houses door so it’s
12:09
like most couples sorts up iPad right in
12:11
the door would be a fake would like
12:13
download our application and if someone
12:15
was going to try something on they could
12:17
offer this alternative way the show is
12:19
sponsored by Inc pedaling over at
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Mitchell Chad Road comm / nd to start
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career to entrepreneurship you want more
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information on the different types of
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business entities
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so again just head on over to Mitchell
12:43
chadroy comm slash Inc i NC so this is
12:47
just a slight shift in the way you’re
12:48
thinking about it and maybe you have
12:50
thought about this sometimes you would
12:52
think of a hundred different Millennials
12:54
all sort of shopping at various
12:56
different stores as opposed to just
12:58
going into one boutique and looking at
13:01
that one boutique owner as being just
13:04
one user and all of their users being
13:08
their users but your user is just the
13:10
one boutique so that they’re they’re
13:12
actually bringing you a lot of users you
13:15
see what I’m saying yeah
13:16
so so your customer is actually the
13:19
boutique as opposed to the Millennials
13:21
that are actually shopping there and so
13:23
I’m not saying that that’s who your end
13:24
user is I’m just I’m just sort of
13:27
throwing that out there because that was
13:29
probably the first thing that I thought
13:31
of when when I when I first heard your
13:33
idea and before I kind of went online
13:36
and did my own little research in terms
13:38
of okay what what is your competition
13:40
look like so does that make any sense to
13:43
you in terms of yeah yeah okay just it’s
13:47
just food for thought so I want you to
13:49
start thinking about not only doing the
13:51
marketing research but as you’re sort of
13:54
going to sort of create this prototype
13:56
think about who those 100 you know
13:58
whether you want to refer to them as
14:00
users or buyers or your fans or people
14:02
that are going to be your cheerleaders
14:03
going and and promoting that to the
14:06
people that come into their store but
14:08
you’re going to have to convince them
14:09
that you know this is going to help
14:11
increase their sales so there’s really
14:13
no one on the team that obviously at
14:16
this point has the has the skill set
14:18
let’s say of sales correct correct so
14:21
that’s like another person we’d have to
14:22
look at bringing onto our team as well
14:24
yeah well and that’s why I asked the
14:27
important question in terms of the
14:29
number of co-founders because sometimes
14:32
you’ll have two or three co-founders and
14:33
then the next people that come on
14:35
there’s ways to incent them obviously in
14:38
terms of bringing them on where they’re
14:40
obviously not they don’t have the title
14:42
of co-founder they might be employees
14:44
they might be 1099s
14:47
they might be you know they might have
14:48
their own business and so on a per
14:49
contract basis or what-have-you where
14:51
you’re trying to save money don’t forget
14:53
you’re just trying to startup so the
14:55
idea that you want to obviously spend
14:57
the least amount that you possibly can
15:00
on the front to sort of you know
15:02
validate the idea because right now your
15:05
idea is nowhere near being validated and
15:07
you don’t want to start spending money
15:08
on bringing people in and paying them
15:11
when when the whole idea hasn’t really
15:13
been validated as of yet does that make
15:15
sense yeah okay mensah and so I really I
15:18
really want you to tuck that in the back
15:20
of your minds because that that’s
15:21
critical as far as your your customer
15:24
service I mean obviously I’m for
15:26
exceptional customer service in terms of
15:28
relationship management
15:29
I mean to me that almost goes
15:30
hand-in-hand with sales although one is
15:33
bringing the sale in and then the the
15:35
back side of that is Quality Assurance
15:37
which is maintaining the relationship so
15:40
I guess that’s also something to think
15:42
about as well and in terms of how you’re
15:44
going to interact with your end-user
15:46
whoever that might be
15:48
however you define that have you given
15:50
that some thought in terms of how the
15:51
servicing aspect of it is going to is
15:54
going to play out right so a lot of us
15:56
today actually be I’m sure you seem like
15:58
oh yeah you actually take our survey at
16:00
least if you’re satisfied with the app
16:02
and I should read it on the App Store so
16:04
the way that we actually do have that is
16:05
the reason that we said that our target
16:07
market is actually with Millennials is
16:09
because we want to make sure that this
16:10
app is up to their standards we want to
16:12
make sure that they find just apps for
16:14
easy to use like it’s incredibly
16:16
convenient and something that they don’t
16:18
have to take place without we want our
16:20
brand in our name to be something that
16:22
people can just associate with online
16:23
shopping like people consider Amazon
16:25
right now to be like the online shop
16:27
plot and even like eBay we want our
16:29
company to expand on one day so that’s
16:32
what I think we’re always like yeah with
16:33
millennial this easy to get their input
16:36
and their feedback so of course with our
16:38
athletes once we do have a photo tape
16:40
we’re going to make sure that like you
16:42
know our users are actually giving us
16:43
good feedback and like following what
16:45
Kim does it essentially completing
16:47
surveys so we actually know what they’re
16:49
thinking
16:49
so yeah although we are Millennials
16:51
we’re just having a very small
16:52
percentage of the entire market and we
16:54
want to definitely make sure that we’re
16:55
cooperating that everything that they
16:57
could possibly want an app that’s it’s
16:59
usable easy to use and get and you also
17:03
want to give some thought to actually
17:05
how you’re going to how you’re going to
17:07
obviously engage them how you’re going
17:08
to keep in contact with them I mean
17:10
obviously there’s PicMonkey where you
17:12
can you know do obviously surveys for
17:14
free and I just happen to have a little
17:17
experience in marketing research I mean
17:19
I remember the first company that I
17:21
worked for at 15 16 I was a marketing
17:23
research company and actually higher end
17:26
so we were doing marketing research
17:28
surveys with businesses and business
17:31
owners and entrepreneurs and doctors and
17:33
dentists and you know and so so I had
17:36
some experience there and some of my
17:38
family is in marketing research so you
17:40
know you probably want to give that some
17:43
thought in terms of how you’re going to
17:44
incent people to do that how you’re
17:46
going to how you’re going to get in
17:47
front of them to take a two or a three
17:50
or a four question survey that’s simple
17:52
and easy and straightforward but you
17:53
want to get the most out of it that’s
17:55
why I said about focusing on those 100
17:58
because I think that what you want to
18:01
focus on is not people that are going to
18:03
necessarily be indifferent to your to
18:05
your you know to your app but you want
18:08
you want people that are going to
18:09
obviously be raving fans people that are
18:11
going to be in your corner and that are
18:13
going to understand and get it so I much
18:15
I would much rather you focus on those
18:18
those top 100 than to get a lot of
18:21
people that are kind of indifferent and
18:23
you’re not able to really get a lot of
18:25
good feedback from them you know what I
18:26
mean so you might want to focus on you
18:30
know quality over quantity in terms of
18:32
the number of people you get whether
18:34
it’s 100 boutique owners or a hundred
18:36
Millennials or however you define that
18:38
but I would definitely go for quality
18:41
over quantity
18:42
oh I definitely agree especially because
18:45
like we were saying a lot of the
18:47
applications that are trying to achieve
18:49
this they just they maybe missed the
18:53
mark exactly yet because they’re not
18:55
realistic but I knew that we several of
18:58
these application models of myself and
19:01
I’m just pleased with every single one
19:03
because none of them look like me so
19:05
explain that again today in other words
19:07
you’re you’re saying that you’re saying
19:09
that the competitors have you have you
19:11
come close I mean how far along the way
19:14
are you in terms of of just creating
19:17
something that that’s even close to some
19:19
type of a prototype where you could
19:21
actually go and and show it to somebody
19:23
you know an owner of a boutique store or
19:26
what have you to say you know we’d like
19:28
you to be our test model you know give
19:30
us give us your feedback here have you
19:33
have you done that yes and they’re
19:36
probably looking for people to actually
19:37
come in and like essentially boost their
19:39
sales so I was you’re talking to those
19:41
boutique owner and they were kind of
19:42
talking about that so it essentially if
19:44
you have was a business relationships
19:46
working but in terms of the actual app
19:48
what we do have is you have the entire
19:49
model the only problem is we’re only
19:51
sophomore engineering students so not a
19:53
lot of us actually have
19:55
your coding background actually build an
19:57
application that could actually handle
19:59
so many people virtual reality for
20:02
example is in the same with our guru and
20:04
as we’ve done on the background at the
20:05
moment so a lot of goals right now are
20:07
to get people to actually build it as
20:09
you know it’s also where we have a team
20:11
built we have the companies of this
20:13
target we know exactly like so
20:15
procedurally from the moment the first
20:17
it opens up the app to when they make
20:19
their final searches if you have all
20:21
that drawn out the only thing that we
20:22
actually need to need someone preferably
20:25
someone either like you know this that
20:27
is cognizant of the fact that we
20:29
actually do not have the funds to pay
20:30
them but instead willing to work with us
20:33
and yeah we can give them the name
20:34
founder like the title Meetup I
20:36
understand so so really what we have is
20:38
we really have a team where a lot of
20:41
skill sets that obviously overlap but
20:43
there’s not anybody see to me you know
20:45
something that’s essential is obviously
20:47
not only the technology in this
20:49
particular case but obviously sales as
20:51
well because at the end of the day
20:53
reality of it is not the virtual reality
20:55
of it is is that sales is going to win
20:57
out today in terms of bringing in as a
21:00
for-profit entity and so you know
21:03
whether whether that sales person is an
21:05
employee versus someone who’s co-founder
21:08
or an owner of the company or
21:09
what-have-you I mean you might decide
21:11
that that’s not the case as far as the
21:13
person then that’s going to be managing
21:15
the company I mean obvious theory before
21:17
you guys get started here because you’re
21:18
you’re really not necessarily even out
21:21
of the gate you want to you want to
21:22
think about who’s going to manage this
21:24
whole thing because you could just
21:26
imagine if you have three or four or you
21:28
know now if you’re thinking about
21:30
bringing in a fifth person for example
21:31
it’s starting to become very unwieldy
21:33
and very cumbersome and you know in
21:36
order to right now it’s in its infancy
21:37
so might not be an issue right now but
21:40
pending upon how things over time and so
21:42
it’s nice to sort of have some of those
21:44
issues kind of addressed earlier on and
21:47
later so I don’t know have you have you
21:48
given that any thought yeah so the way
21:50
that we kind of as a moment have set up
21:52
our management team so I know you
21:53
thought that we thought co-founders
21:55
essentially is the five foot so
21:56
essentially we gave in each of us
21:59
essentially a position so I’m kind of
22:01
like taking over like the business side
22:03
of it so then taking over like marketing
22:05
go
22:06
taking over see the algorithmic idea
22:10
each of us how but the specific
22:12
delegated goal at the end of the day you
22:14
would like to obviously increase people
22:16
on our team but because we don’t have
22:17
those expertise but as well as a moment
22:20
that hasn’t become a concern and I
22:21
understand that like from your like law
22:23
background that would be essential you
22:25
know at the company to make sure that
22:27
we’re all we are growing our management
22:29
team is being taken care of but isn’t be
22:31
hope you’re just you to in the beginning
22:32
we’re just we’re going to get some of
22:34
the 50 goals they go around to try to
22:36
help those actions formulate this idea
22:38
so haven’t gotten there would definitely
22:40
think about it but in terms of managing
22:43
the company I know all the time want to
22:44
do it a pentagon formation so you have a
22:47
kind of tackle at one area you sit down
22:49
together if you discuss everything
22:50
because I mean it is just a fine mist of
22:52
a moment so of course is when we get
22:53
bigger will hat will have to like
22:56
delegate those goals and be like alright
22:57
this person’s in charge and you know
22:59
what I don’t think it for us anyways it
23:01
is no it was so hard feeling you know
23:02
this is a company’s business and we do
23:05
understand that but I think right now
23:07
because it is just the five of us it’s
23:09
just going to be the vibe of managing
23:11
and Katie tell you everybody at the bank
23:13
was a what was in sales even if that
23:16
wasn’t our core function so even if I
23:18
was in the legal department for example
23:20
you know I was constantly out there you
23:23
know meeting people and it was just
23:25
natural for me to say to them
23:27
gee you know what are you doing for this
23:30
or what are you doing for that let me
23:31
put you in contact with this one or let
23:33
me put you in contact with that one
23:35
definitely going to have to be something
23:37
that that’s going to obviously stretch
23:38
you meaning that it’s going to be
23:39
certainly the cliche of out of your
23:41
comfort zone but I think that’s the
23:43
definition of a start I’ll talk a little
23:45
bit about money to me the best resources
23:47
cost very little especially in the
23:50
beginning so you know obviously watching
23:53
the spending and leveraging the
23:54
technology so when I say leverage the
23:56
technology no one here really has that
23:59
technology background and so at this
24:01
point as a practical matter you’re
24:03
already five people already are you
24:05
bringing in now like a sick and I’m
24:07
thinking just from a cost perspective
24:08
things that are realistic and maybe not
24:11
so realistic so you know what resources
24:13
do you have at your fingertips to
24:16
basically help you
24:17
the prototype the prototype doesn’t have
24:19
to be perfect it doesn’t even need to be
24:21
near perfect but you need to be able to
24:23
sort of bring something to these
24:25
boutique owners to show them and
24:27
remember it’s a hundred boutique owners
24:29
so that you can you know bring something
24:31
to them and say this is the concept this
24:33
is the idea we would like for you to be
24:35
one of our our first businesses to
24:38
obviously utilize this app just out of
24:41
curiosity that the app is going to be
24:42
free to the to the Millennial and you
24:44
spoke a little bit about it but what are
24:46
how are you going to get revenue then
24:48
directly I mean you mentioned something
24:50
about a loyalty program but how are you
24:52
going to sort of tie that back to the to
24:54
the business owner and you know in terms
24:57
of you know how did the app do this for
24:59
them okay so this is it backtrack a
25:02
little bit
25:02
so although we are engineering majors a
25:05
lot of us who have business backgrounds
25:06
actually the professional business
25:08
fraternity here at Drexel and I have a
25:11
lot of connections like that like in
25:13
that perspective and I actually find
25:14
myself more or less concentrating was a
25:17
business background anyway so I’m kind
25:20
of like hoping that I can take on the
25:21
half-shell fourth team as well as well
25:22
my three more people on board afford to
25:24
help but they’re going to your question
25:26
about what’s the overall revenue model
25:29
so essentially new would like to have so
25:33
the vertical boat would keep obviously
25:34
we’re not expect to see any money
25:36
economics that is essentially just to
25:38
make sure that our auto park users
25:39
actually satisfied with it
25:41
eventually you would either like to
25:43
charge the boutique owner you know it
25:45
for a month like here’s how much money
25:46
that we accept that you guys will give
25:47
us or how about like fees that are
25:49
presented at each of the sales that are
25:51
actually made on the app itself like a
25:53
very percentage but overall is with each
25:55
sale it may be that 1% 2% depending on
25:57
how I’ll be sale is you will be getting
26:00
almost a commission for translating
26:02
those users so in the hope of
26:04
necessarily not be able walk into that
26:05
the people would like to have opposed
26:08
given to those saw runners are basically
26:11
as you know okay here because another
26:13
type of a get of a market that you can
26:15
see that would basically on top before
26:16
that we are now bringing to you now of
26:19
course the app is going to have to
26:20
obviously not only keep track of what
26:24
those sales are in relation to you know
26:27
because the idea is let’s say I’m coming
26:29
into the store and
26:30
and I’m using this particular app so the
26:33
question becomes you know how does the
26:36
app know or how does the owner the store
26:39
owner know or how can you tell that that
26:42
particular sale is based on you see what
26:45
I’m saying so you know there’s going to
26:47
have to be some type of a mechanism
26:48
that’s that’s developed in there that
26:51
getting to me that ties that in so the
26:55
way that we’re kind of looking at it is
26:58
there’s a lot of like as a student I
27:00
know there’s a lot of what scholarship
27:02
connections out there where if I give on
27:05
my demographics if I give them you know
27:08
this sounds something else it’ll match
27:09
me with all these scholarships and I pay
27:13
for that for anyone but other thing is
27:16
essentially you don’t want our consumers
27:18
because we can have the marketers but at
27:21
that privacy they have like location
27:22
enabled but that’s quality venusaur
27:24
making the purchase but at the end of
27:26
the day we would like our module like
27:28
our market any millennial I would like
27:29
to go to any boutique and be able to
27:31
basically again I guess the manifest he
27:33
gnashed was specifically to find that
27:35
particular piece of clothing like they
27:38
don’t have to be in the store and I
27:40
think that’s kind of a aspect of this
27:42
app in general need to be at an airport
27:43
you could be online shopping you could
27:45
be sitting in class you can be online
27:46
shopping the whole point is I do be
27:48
anywhere it is so gues a boutique
27:50
experience is it so get post in that
27:52
particular store also not particular
27:54
brand from wherever you are and the best
27:57
part is you don’t have to worry about
27:59
the fact that if this is it because
28:01
we’re going to try to use virtual
28:02
reality today screw it all right we
28:04
definitely Darren what do you all my
28:06
shopping you’re not you’re not sure what
28:08
you’re buying at the end of the day we
28:10
want to close that gap and that’s what
28:12
the market is continuously this and
28:14
another and another thing would be
28:16
there’s a lot with online shopping the
28:19
return the water companies is lush so
28:22
we’re going to be saving companies we’re
28:25
going to try to escape ugly goes to
28:27
these returns because these expect the
28:29
consumer will get that actual like they
28:31
would be that they like or don’t like
28:34
the article clothing before it actually
28:36
makes it to their house essentially
28:37
Annabelle need thousands of dollars each
28:39
year maybe even know is about I don’t
28:42
know I don’t know the exact figure
28:43
but they lose so much money you sure
28:46
because the products of a consumer
28:47
actually life will actually accept to be
28:50
getting in the mail isn’t the exact
28:52
article that they were thinking of
28:53
whether that be quoting furniture
28:55
electronics whatever is what they were
28:56
not offense s and most is how it
28:59
actually does get returned it does not
29:00
it does not go back out most likely will
29:02
be sitting like it is either like you
29:04
know the stores forever because either
29:06
was tampered with it’s not like the full
29:08
quality anymore oh go like some
29:09
authority people put the chancel at
29:12
happening making a monkey buddy sure
29:14
well here’s the here’s the thing and
29:16
that that’s why when when you flipped it
29:19
around and you said you know the
29:20
Millennials can be anywhere they don’t
29:21
have to physically be in the store when
29:23
I’m saying about focus and don’t be
29:25
distracted I guess your end user could
29:28
be more than one person but I guess in
29:30
the beginning you know to define who
29:32
that is meaning that are you focused on
29:34
getting the specific app in the hands of
29:37
the Millennials or are you going to say
29:40
to the shop owner you know this is why
29:42
you should fray this cost because using
29:45
this app is actually going to save you
29:47
in the long run because it’ll be less
29:49
returns and if you could figure out what
29:51
percentage of the returns are and save
29:54
them from the returns that percentage of
29:57
the savings could be what they’re
30:00
actually saving by using the app see
30:02
what I’m saying so so you’re going to
30:05
them and you’re saying this is what I’m
30:06
going to save you and and and that’s the
30:09
reason why you know you should be
30:11
willing to pay me X you see what I’m
30:13
saying so I just throw I’m just throwing
30:16
that out there as it as another idea in
30:18
terms of you know your your business
30:20
model in terms of yeah and in terms of
30:23
like in-store sales we’re trying to I
30:26
mean this is maybe a bit of a stretch
30:28
but possibly even eliminate the youth of
30:30
dressing rooms in the store because if
30:33
we have this technology the stores could
30:35
just have five hats where people could
30:37
try be clothing on like try it on in the
30:39
store well and then yep this is a
30:44
popular like spending this will be like
30:46
the company’s money and like clothing
30:48
feels like our fastpitch Mitchell Chad
30:51
rode calm slash books for books
30:54
audiobooks guest recommendations
30:57
the books that I read to start off each
31:00
day sponsors our fast pitch my book club
31:03
recommendations that get Mitchell
31:05
chadroy calm slash books to see more of
31:08
my recommendations and recommendations
31:11
of our guests just go to Mitchell Chad
31:13
wrote calm slash books it’s your number
31:15
one resource for book reviews and
31:18
recommendations and that also you know
31:21
when I when I work with startups you
31:23
know one of the things that I like is
31:25
being able to actually measure what it
31:29
is that you’re actually making so when
31:31
you started talking to me about this
31:33
you know virtual reality slash you know
31:36
something better than an avatar and
31:38
people are going to use it and I thought
31:40
okay how are we going to measure that
31:42
how we’re going to quantify that you
31:44
know we want to make something that we
31:46
can actually measure so arm is it is it
31:51
who’s who’s doing the internship at
31:53
Vanguard now you is it yeah ready so in
31:59
terms of in terms of measuring it you
32:02
know if I was to say to the shop owner
32:04
well gee you know you have these two or
32:06
three dressing rooms that takes up X
32:08
number of square feet you know if you
32:10
could use those those fitting rooms
32:12
instead for product versus having a
32:15
fitting room and then you could you know
32:17
use this you know use this device where
32:21
people don’t even need the fitting room
32:22
they could just purchase it it’ll it’ll
32:24
make the purchase faster quicker you
32:27
know it’ll increase sales and it’ll be
32:29
less returns and so therefore this is
32:32
how we can quantify what you’re going to
32:34
save or what you’re going to you know
32:37
what additional you’ll you’ll be able to
32:39
get from that somehow you need to be
32:41
able to somehow you need to be be able
32:43
to say this is how its measured and this
32:46
is how we can you know justify whatever
32:49
it is that we’re charging you see what
32:51
I’m saying so I’m just kind of throwing
32:53
I’m just kind of throwing that out there
32:54
because it’s also very important and
32:58
I’ve put something together for you like
33:01
I said I you know I’m looking at this as
33:04
being used as as a template almost for
33:08
for other startups and so
33:11
I’ll give you a link to that at the end
33:13
so you guys can go on there you know in
33:15
terms of just kind of like an outline of
33:17
things to be thinking about so you know
33:20
you don’t even need to be taking any
33:21
notes I have some notes here for you in
33:25
terms of what to think about in addition
33:26
to what we’re talking about so so does
33:32
that make sense to you then I mean in
33:33
terms of you know how to how to measure
33:36
that yeah and I think that that data
33:38
could even help us like once you have
33:40
that data it will attract maybe one like
33:42
what you said one BT and then we can get
33:45
data from that one to attract another
33:48
boutique you know yeah no no absolutely
33:51
and that’s why that’s why one of the
33:54
things that I that I focus on is fewer
33:57
users and and consumers than those that
34:01
are indifferent so you know you want to
34:03
find these hundred raving fans that are
34:05
going to give you really good feedback
34:06
that are going to take the time to not
34:09
only do the survey but actually give you
34:12
really really good feedback so that
34:15
you’re constantly pivoting so you know
34:17
when you’re going into this first or
34:19
second or third or fourth or fifth
34:20
boutique it’s easy to sort of either get
34:23
the scare is to allow yourself to sort
34:24
of get down but you need to obviously
34:26
pick yourself up you need to be
34:28
motivated and you need to stay nimble
34:30
and you’re going to hear from the end
34:33
user what doesn’t seem to be clicking
34:35
and what you sort of need to change and
34:37
to me that’s the definition of a startup
34:39
you know it’s not necessarily being set
34:42
set in your ways but kind of listening
34:44
to what they’re saying to you and sort
34:46
of being able to change things as you
34:48
move forward
34:48
as opposed to having people that are
34:50
kind of indifferent to your product or
34:52
people that are really not going to give
34:54
you insight as to what what they’re what
34:56
they’re trying to tell you to do you
34:57
know you want you want to get that good
34:59
feedback down does that sound like it
35:01
makes some sense to you yes bear with me
35:04
for one second here so in terms of
35:07
thinking about the prototype I mean
35:08
obviously that was my point you want to
35:11
constantly be iterating iterating I mean
35:13
you know constantly changing I mean you
35:16
know I mean you know don’t get
35:18
discouraged because you’re going to be
35:20
doing it again and again and
35:22
and over and over and over and you’re
35:25
going to constantly be pivoting you know
35:27
to basically learn what’s not working
35:29
what needs to be changed what needs to
35:31
be done over and you know you’re not
35:35
always going to get it right the first
35:36
second time you know what I mean I mean
35:39
Airbnb that they reiterated like three
35:41
or four times before they finally had
35:44
their final product um and and and and
35:48
so you know you you really do want to be
35:52
kicking the tires with with these end
35:54
users to find out you know what they
35:56
like and what they don’t like because at
35:59
the end of the day that’s going to be
36:01
who’s going to be giving you the
36:02
feedback you know I mean taking that
36:08
feedback Walt Lee it’s a quality control
36:11
if you need to take that feedback if
36:13
it’s negative and you need to find
36:14
what’s negative about your product and
36:16
you need to make that said or for views
36:18
which you don’t get that negative
36:19
feedback yeah I mean you know after
36:23
looking at the top 100 you know
36:25
obviously people take it to the next
36:27
1000 but the reason why I was focusing
36:30
on the business owners as opposed to the
36:32
Millennials is because the app to the
36:34
Millennials is free and so you know the
36:38
question is you know is it that the
36:42
business owner is marketing it to the
36:44
people that physically come into the
36:46
store so that your sales people are the
36:51
store owners see what I’m saying yeah so
36:55
I just came up I just came up with a
36:57
creative so now you can’t afford
37:00
necessarily in the beginning to purchase
37:02
or to get a sales person but maybe if
37:06
you’re viewing your end user
37:08
the store owner as your sales person
37:11
they’re actually they’re kind of
37:13
actually selling it for you but then
37:15
again you have to get their input and
37:17
they have to they have to see the vision
37:19
to you have to be able to have you know
37:22
high energy when you go in there to sell
37:24
it to them so you have to you have to
37:27
naturally I mean obviously you know your
37:29
product better than anybody else but
37:31
they’re going to tell you what’s amiss
37:33
and what needs to sort of you know
37:36
need to be changed you know on the fly
37:38
so that when you go to the next one next
37:40
door you’re able to sort of change your
37:43
presentation based on what you’ve
37:46
learned from the first store you see
37:47
what I mean yeah yeah okay because you
37:52
know what did I write down here I said
37:54
if you take a thousand people like so
37:57
that’s like a thousand shop owners and
37:59
the goal is 5% a week you know however
38:02
you want to figure out that number and
38:03
you increase that by 5% every week for
38:07
four years
38:08
you know many users you would have
38:10
twenty five million so I mean so it
38:14
depends I mean are you starting out with
38:16
a thousand Millennials or you know I
38:19
mean are you starting out with a hundred
38:20
boutiques and and so if you have a
38:23
hundred boutiques I mean to think that
38:27
each one will have ten people ten
38:29
Millennials that want it that’s you know
38:32
that’s a hundred times ten that’s that’s
38:34
a thousand right there you know what I
38:36
mean and if they’re increased by 5%
38:39
every week for four straight years
38:42
there’ll be 25 25 million Millennials
38:45
using this product well and that’s why I
38:48
wrote it down and because I do want to
38:50
help you and I and I want this to also
38:52
be of some kind of help to others as
38:56
well I mean I truly believe in paying it
38:58
forward I know that we spoke very
39:00
briefly and we don’t have to go into any
39:02
detail on the phone here about a patent
39:04
I know people who didn’t know the rules
39:07
of patents and they kind of put it out
39:10
there too too early and it was too late
39:12
to get a patent mean as you know as you
39:14
probably looked into it it’s not an
39:16
inexpensive and I know that I know
39:19
Drexel that Drexel does provide they
39:21
have a number of law firms that
39:23
obviously assist I don’t know did you
39:25
did you look into any of those resources
39:26
you would want to speak directly to an
39:29
attorney about that from a business
39:30
perspective so not talking to you about
39:33
any legalities of it but just from a
39:35
business perspective there are business
39:37
decisions in terms of which way you want
39:39
to go not only from a cost perspective
39:41
but from a timing perspective as well
39:43
because I’m all for getting that
39:45
prototype
39:46
iterating as many times as you have
39:48
– and constantly moving forward though
39:50
being nimble and you know not being
39:53
discovered and basically trying to get
39:54
something out owner than later and like
39:56
I said it’s not going to be totally
39:58
perfect but you know I much rather you
40:01
get moving not not to go fast for the
40:04
sake of going fast but you know not
40:07
necessarily delaying things what this so
40:11
I’m going to see ahead of the game
40:12
because obviously you saw this before
40:13
there are a lot of companies on very
40:15
startups anyway that are actually
40:17
focused on virtual reality we want to
40:19
make sure that we are not like we gave
40:21
orders we to the table we want to be at
40:22
the table especially resent for virtual
40:25
realities like becoming part of what’s
40:27
the new technology a lot of people are
40:30
going to be trying to find new ways to
40:31
market and we will have EE all the
40:33
Queen’s yeah what well I’ll tell you
40:36
what I mean bringing up the thing with
40:38
virtual reality that that’s great they
40:40
were too early to market it wasn’t that
40:43
it was a bad idea but they were just a
40:46
little bit they were a little bit early
40:47
so you know you can you could start to
40:50
overly complicate this thing you know I
40:52
mean no that’s not to say that you know
40:53
you won’t be able to pivot at some point
40:55
but I just want you to stay kind of
40:57
focus in having some type of prototype
41:00
getting those you know focusing on those
41:02
100 doing your marketing research and
41:05
surveys with them talk to them I really
41:08
want you to deal with people that are
41:10
not indifferent but that are more going
41:11
to be your cheerleaders and understand
41:14
where you’re coming from and who knows
41:15
maybe it’s the it’s the the boutique
41:18
owners that are going to be your
41:19
salespeople as opposed to you going out
41:22
and getting the Millennial it might be a
41:24
little bit of both I don’t you might you
41:25
might have a hybrid but I just wanted to
41:27
kind of absolutely and I really do
41:29
appreciate this and like you would like
41:30
essentially almost a metaphor they kind
41:33
of guide us to the people that you do
41:34
have a business partner I much rather
41:36
come at it from the business aspect of
41:38
it you know I’m happy to be able to do
41:40
this for you because again I want to be
41:42
able to use this as a teaching thing for
41:45
others as well be able to sort of work
41:47
with you in this regard this is what I
41:49
enjoy doing
41:50
I enjoy this and so I’m glad I could be
41:52
able to give you this this food for
41:54
thought you know I’d like to see how
41:56
you’re coming along and you know at some
41:58
point as you continue to develop you
42:00
know shoot me
42:01
shoot me an email say you know what do
42:03
you think about this or can you put me
42:04
in contact with this you know it’s nice
42:06
to have a nice website but between me
42:08
and you you you really need to be
42:10
focusing on that 100 you need to really
42:12
be putting together that prototype you
42:14
really need to be getting into the
42:16
stores and putting on the presentations
42:19
you really need to be doing the
42:20
marketing research in the stores finding
42:22
out what they’re looking for pivot go
42:24
back it’ll rate again iterate again and
42:27
areas that you guys don’t have a lot of
42:29
experience you know you’re just going to
42:31
as a start-up as some ones that are
42:33
bootstrapping you’re going to have to
42:35
learn how to put this I mean there’s a
42:37
lot of resources I mean you’re right
42:38
there a Drexel I know that they know
42:40
somebody who can put these apps together
42:42
I mean obviously I’ve interviewed two or
42:44
three people already from Drexel that
42:46
are a little further along their way
42:47
that have apps so obviously there’s
42:49
other people who have already done that
42:50
one of the one of those things that I
42:51
have there is you know money you know
42:53
the best reason which is cost little
42:55
keep that in the back of your mind
42:57
that’s why I put this whole thing
42:57
together
42:58
watch the spending leverage the
43:00
technology these are like my mantras
43:02
that I’ve developed over 20 years and I
43:04
put together right and you’re able to
43:07
get on til we can make it in but we were
43:09
trying to enter that so we can get some
43:11
money a little bit right under our belt
43:13
over cause this is what we’re offering
43:14
is the experience of actually working
43:17
with us actually I still book building
43:19
costing I mean like I know a lot of
43:20
students here chuckles not all the
43:22
differences with money most of us just
43:24
want to try to do something and like
43:25
that those the people that we’re trying
43:26
to find the man though I have a lot of
43:28
friends and actually at the computer
43:29
science in the computer science program
43:31
that I was a really good at perfect of
43:33
course baby pure business perspective
43:35
and I never got the specific answer but
43:38
in terms of who’s managing this company
43:39
I mean I know I know everybody kind of
43:42
comes out or whatever but when you start
43:44
to have two three four or five people
43:46
and now you know I mean there is not
43:48
some type of a management regimen in
43:51
place making decisions in terms of
43:54
gridlock and it I mean I just
43:55
interviewed John Richards that’s why if
43:57
you go back and you listen to any of the
43:59
podcast that’s why some of them might be
44:01
beneficial you might get some additional
44:03
ideas John Richards I think that was I
44:05
was show 26 he’s called The Godfather of
44:08
Dada startups in Utah and he talks about
44:12
having a lot of owner
44:13
and how not having some type of a
44:16
delineation with how management is going
44:18
to make decisions could be to be a very
44:20
big issue if it’s not sort of worked out
44:22
in the beginning and you really want to
44:24
you really kind of want to get that
44:25
hashtag pretty high pretty good
44:31
leadership Road me jolly like you
44:33
organized a lot of our meetings and just
44:36
getting an agenda would be view are the
44:38
ones that essentially needs a plaintiff
44:40
in that so it’s the rest of the team and
44:41
we like to rise like we will obviously
44:44
make a final decision of the team right
44:46
when it comes so I guess like really
44:48
taking initiatives and we are due next I
44:51
know is the necklace has you to say okay
44:52
next thing that we need to do is built a
44:54
prototype like that is our primary so
44:56
this probably the next quarter
44:58
so I’m Jo at the end of the year like
44:59
our goal by the end of the year is to
45:01
actually have a prototype so that way
45:03
when we actually do go to the hackathon
45:05
in January we have something to start
45:07
with of course I are you know in terms
45:10
of having some type of a prototype you
45:12
said that you have some boutiques that
45:14
are friendly to you obviously you want
45:15
to have something that you can present
45:16
but I much rather you get that type of
45:19
research out there meaning you know you
45:21
go out there and get some feedback from
45:23
some of them real feedback in terms of
45:25
and also to try to figure out how it is
45:28
that you’re going to make money with
45:29
this thing so that’s why I kind of throw
45:31
out two or three ideas in terms of how
45:33
you’re going to tie that how you’re
45:34
going to argue from a sales perspective
45:36
as to having them buy into it so that
45:39
maybe they’re fraying the cost so those
45:42
costs when I say think about the best
45:45
resources cost little make it like maybe
45:49
they can fray those costs and the reason
45:51
why they would be willing to do it is
45:52
because this is how they’re going to
45:54
actually save there’s going to be less
45:56
return you know find out are the returns
45:58
5% 10% 15% if they were to able to cut
46:02
that in half how much money would that
46:04
save them right there that’s how you can
46:06
sort of tie in the benefit I guess
46:08
because like I just happen to a part of
46:10
our plans you want have something
46:12
concrete by the end of the year so those
46:14
dozen college by the end of December or
46:15
looking at January we definitely want to
46:17
start pitching in Shoko stores
46:19
I have a lot of friends that actually
46:20
work at boutiques which is wonderful
46:22
which kind of how I got be in that
46:24
as well other one of the pieces
46:26
Rittenhouse Claire and according to guys
46:28
they probably really make this High Line
46:30
like january/february we’re not going to
46:32
picture ideas but that’s kind of the
46:33
whole point is that we want to obviously
46:34
refine this idea we want to using
46:37
actually make money with it how do you
46:38
make that refuse help because what we
46:40
actually didn’t submit our business plan
46:41
I think that would be the one thing that
46:43
was kind of lacking overall is our
46:45
finance a lot of people were like
46:47
comments you think oh well maybe like um
46:49
for you stay under estimating the actual
46:52
cost is like launching this product and
46:54
we want to make sure that what we what
46:56
we have can be done so that is actually
46:59
marketed correctly that were actually
47:00
targeting a obvious is the right
47:01
boutiques the right story the fact that
47:03
like people will actually use it fast
47:05
so we have a very very long way to go in
47:07
terms of that absolutely do but I’m glad
47:10
that we had this initial discussion I
47:12
mean remember I want you to actually get
47:14
this idea validated before you really
47:17
put any kind of money into it right
47:18
right now the money that you’re really
47:20
putting into it is your time and equity
47:22
your sweat so to speak yeah as equity
47:24
sweat so you want to basically validate
47:26
it one of the ways to validate it is to
47:28
get some type of prototype
47:29
out there sooner than later just to kind
47:32
of get some feedback so that you know
47:34
that you’re on the right track or maybe
47:36
you’re not on the right track
47:37
either way the market is basically
47:40
telling you certain things so that you
47:42
can constantly as I put in that outline
47:44
for you you’re iterating each time so
47:47
what you then ask so if you’re actually
47:49
having a prototype if you make an actual
47:51
functioning app which is what we
47:52
essentially want to go by the end of the
47:54
year or would you like this to just have
47:55
like a plan of the app is what we
47:57
currently have and then actually go do
47:59
that market research now before we start
48:00
building it like we talked about
48:03
different resources and there’s
48:05
different technology where you could at
48:07
least show certain things visually on
48:09
the screen it might not be a
48:11
full-fledged app or it might not be a
48:13
full fledge I mean it could even be a
48:15
video presentation for example but
48:17
something for our design class we had to
48:21
create goals we just thought it would be
48:23
good to create like a vision what the
48:25
app looks like and we actually created a
48:27
video of how we were hoping that what
48:29
taking that to the next level and
48:31
continually developing that I mean I
48:34
would absolutely look into okay
48:36
what are different things that I can do
48:38
to enhance what I’ve already done you
48:41
know like we talked about video you know
48:43
adding sound adding whatever it might be
48:45
adding graphics you know whatever else
48:47
that you have to add to it constantly be
48:50
pushing it forward so that you’re moving
48:53
closer and closer and closer what it
48:55
needs to be and that’s where pivoting
48:57
comes in you know maybe because you’re
48:58
going to realize that you could probably
49:00
add some things to it and there might
49:02
even be either cheap or very low cost
49:05
technology that you can use so that you
49:07
can present that sales is something or
49:10
how to naturally build those connections
49:12
in those relationships because it’s not
49:14
intuitive for everybody who’s let’s say
49:16
in the engineering area yeah I think I
49:18
mean I oh I like I’ve been working on
49:21
like the website a little bit but from a
49:23
business perspective like just generally
49:25
the personal story one of the reasons
49:27
why I like to ask pike ass about
49:29
business family and life I love to talk
49:31
about business like I’m just as happy to
49:33
talk about the business as it is the
49:35
people behind the business finding out
49:36
about you guys how you guys met you know
49:39
how you guys interact you know and that
49:41
whole that whole story that’s important
49:43
to me and I want to basically be that
49:45
when I come to your website so you know
49:47
maybe maybe a portfolio of some of the
49:50
things that you’re working on that
49:51
doesn’t have to give away the patent or
49:53
the technology so I mean I think that
49:56
there’s probably some things that you
49:57
can put out there without it affecting
49:59
the patent but you probably want to talk
50:01
to the lawyer or the patent attorney or
50:03
what you know in terms of that but I
50:04
still think that there’s something that
50:06
you could put out there you definitely
50:08
could put out yourselves and your story
50:10
and if you have some people that are
50:12
interested like a boutique might be
50:14
interested in this I mean they like to
50:16
feature your boutique on my website you
50:19
like you know what we struggled with
50:22
trying to do so before before our talk
50:25
we had to make a business plan for the
50:27
close quote for the publication that we
50:29
essentially insured so that was
50:31
something like without your help that we
50:33
definitely struggled with so like your
50:35
office oh yeah like now a much better
50:37
bid plan and whatnot you know you want
50:39
to validate the idea first you mean you
50:42
want to be able to then execute on it as
50:44
well so that that whole execute it’s
50:46
fine line like that
50:48
when you doing up to like the what we
50:50
should do first and fast definitely been
50:51
very helpful to because since that we
50:53
don’t know how this I mean we don’t know
50:55
how to start a company you don’t know
50:56
how to do any of this so giving us this
50:58
outline what we should focus on and like
51:00
throwing out these ideas that we viewed
51:02
we haven’t you thought up that’s so
51:05
helpful yeah no like I said I benefit
51:07
that I’m thinking is if you can come
51:09
away with two or three or four different
51:11
little things from our communication
51:13
this evening then I will have thought
51:17
that it was it was a success in terms of
51:20
what I what I wanted to achieve and then
51:23
we’ll go from there I really like to
51:24
find out your progress and you’ll
51:25
obviously start to implement some of
51:27
these things sooner than later and
51:29
remember that one thing that I said
51:30
there is like you know you always want
51:31
to be nimble you always want to be you
51:34
want it you basically want to start up
51:35
every single day every day you want to
51:38
be focused but if something’s not
51:39
working you know you’re you’re early
51:41
enough on that you’re not stuck to it
51:43
you could always you can always change
51:45
it it doesn’t make sense but you want to
51:47
do that because you’re constantly
51:48
validating your idea until until you get
51:51
it right and then you can sort of put it
51:53
out there but but that’s why you’re
51:54
going to focus on your users yep
51:56
absolutely I’ll wrap up round mitchell
51:58
chad row comm slash photos for all your
52:03
graphic design needs and we really do
52:06
appreciate all the advice they’re giving
52:08
this was really jesus guidance and we’re
52:10
just very appreciative of everything
52:11
think this type of thing is going to be
52:14
obviously able to help other people as
52:16
well alright everybody have a great
52:21
evening take care of be good now bye bye
52:22
i really hope you enjoyed the show to
52:25
listen up to our show with christopher
52:27
gimr and get the show notes and resource
52:29
links go to mitchell chad row comm flash
52:32
show 0 to 8 until next time take care
52:35
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52:36
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The post Augmented Virtual Reality Technology Online Shopping VFit Show 029 was republished on startupssmarter.com
The post Augmented Virtual Reality Technology Online Shopping VFit Show 029 was republished on startupssmarter.com