#cebu startups

One way to improve our startup community is to share the learnings. We're happy because we're given a chance to share our learnings from Hack2Hatch to a group of startups headed by Markjeee, Dave and Tins.

Ademar shared what Codetoki learned from h2H.

The best way to present the learnings is to dress the experience.

That's the explanation why Hawaiian was the perfect outfit. hehe. So, here's what we shared:

Hack2hatch Learnings Summary

The main point we highlighted was how important the business plan is. We're not referring to the traditional business plan. What we're talking about is that you have to be prepared on defending the viability of your proposed solution through research and figures.

From our experience in h2H, we learned that being prepared on the business aspect really matters. Here's a list on what we think we should have prepared:

Elevator Pitch - A short summary about your product and its value proposition.

Market Validation - Determine the market size and target market. Can also include your research / survey on what your target customers think about your product. 

Problem - A clear explanation on what you are trying to solve since you are proposing for a solution to a problem, not a solution looking for a problem. 

Solution - Explanation on what your product is all about and how it will help solve the problem. 

Revenue Model - What is your price structure. How would you price your service offering.

Financial Projections - Revenue forecast for 3 to 5 years. (Don't get intimidated with figures. You may check your market size and from there, forecast how many would use your product.)

Market Opportunity - An identified need, want, trend or demand that opens an opportunity for you to grab and exploit. 

Differentiation - What makes your product/service stand out among your competitors. Explanation on the unique value you give to your customers. 

(Disclaimer: These were based from the things we understood. Feel free to correct us if we're wrong. Also, feel free to share what you learned too so more people can benefit from this discussion. Thank you!) 

Here's a group photo of BSFounders Club. Thanks Markjeee for the treat! :)

Master List

Markjeee of Caresharing

Dave of Sym.ph

Tins of Techtalks.ph

Wes of Mynimo.com

Mark and Johanna of Happy Garaje

Jerome and Daryl of Luto.co

Albert and Nicole of Spelldial

Janessa of WaitKnowMore

Ian and Patrick of Schoolabs, Tropa.ph

Me and Ademar of Codetoki

more photos here

(P.S. Markjeee is also calling out startup founders out there. If you're interested to be part of the tech circle in Cebu, feel free to email me at honee[at]bootyard.com so I can introduce you to the group.)

Foodtoki is a startup idea of Bootyard. It is an online food directory for food establishments located in popular tourist destinations in the Philippines. And we will start by building a food directory for Cebu.

I believe that it's better to explain things visually so instead of creating a powerpoint presentation, I made a video. So here's a short animation explaining what Foodtoki is all about. The animation cast are Pen as "The Tourist" and Pilot as "The Chef". 

The video was presented during the graduation of the 2nd Batch of the Pre-Incubation Program of CeBuinIT last June 29, 2012 in UP Cebu AVR. 

P.S. This video animation was made a day before the event with no prior knowledge how to animate things so please keep your expectations low. hehe ;)