I attended the DC Tech Meetup #30 where I got the opportunity to listen and watch many different startups pitch and demos. The coolest thing for me was to see how these startups were leveraging technology to bring value to this world. I’ll go through each startup and explain what they do and share my thoughts about them.
Demo 1: Aspire (Neil Shah & William Huster) – I missed this presentation
Demo 2: ID.me New Product Launch! (Blake Hall)
Overall(1-5): This idea is a note worthy 5. The team has proven that a pain point exist by reaching out to *retailers and other agencies that require identification clearance. They have built relationships with multiple different industry to leverage their technology.
*Retailers currently don’t give out discounts online, due to higher fraudulent claims. This is solved by Id.Me
Demo 4: Framebridge (Julia Lovett – email@example.com)
Tech – Mobile App that allows users to pick out a custom picture frame (with various sizes, colors, and patterns) with a feature to test out how it would look on your wall. Not complicated program. Straight forward main platform an section to choose in-stock frames.
Overall(1-5): Not the next million dollar idea, but definitely have potential. It’s a solid 2. It’s working in a highly niche market so it’s easier to target, but I don’t see how they can grow beyond the niche market.
Demo 5: Vouched (Keith Cooperman)
Overall(1-5): I’m personally very skeptical about this idea, because I don’t see any added value. It’s going to be hard to convince people that they need to rate their “friends” or “sort of friends” personality. First off why would I waste my time doing this (when I don’t even recommend skills sets of others). Second what is the different between endorsement in LinkedIn and this product?
Demo 6: Openreporter (Misha Vinokur – firstname.lastname@example.org)
Overall(1-5): Overall it’s a solid 2. It’s an interesting idea, and innovative. However, I’m not sure how many reporters would want to quote a random guy who claiming “Dude I just saw t-rex riding on a elephant with a cow boy hat. It was awesome!” It’ll be bad journalism if they simply believed what people are saying. I want (video) proof. Second I guess they’ll charge reporters for this service or ads? Don’t see reporters actually paying initially (chicken and egg problem).
Demo 7: AgSquared (Jeff Gordon)
Overall(1-5): I give them a 3 for two main reasons. The idea is relatively innovative and very useful for farmers in the long run. The negative is it’s very time consuming for farmers to actually input all the necessary data to make this useful. This takes time to learn to use the technology and take time out of actually labor.