Startup Contest THE 7x7x7x7. Startup Contest THE 7x7x7x7 The Idea What is your Business Idea? Detail it in one or 2 lines Example: “I want to create an.

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Presentation transcript:

Startup Contest THE 7x7x7x7

Startup Contest THE 7x7x7x7 The Idea What is your Business Idea? Detail it in one or 2 lines Example: “I want to create an App that tells me how likely is a Company to pay its vendors and after how long.” 1.

Startup Contest THE 7x7x7x7 Why is the idea important? Tell us why your Business Idea will touch lives and be transformative? (Hey, it could be entertaining or fun too!) Example: “My vendor payment app will help suppliers plan their sales and cash flows, and not get cheated.” 2.

Startup Contest THE 7x7x7x7 Who is your team? How will you pull this off? Who is your team? Even if you don’t have a team currently, who do you think you will need to hire? Describe either real people or skill sets to help us understand how you think of team building 3.

Startup Contest THE 7x7x7x7 What’s the size of the Market? How large is the opportunity you are trying to create a Business about? We want to examine how scalable your idea can be. Example: “My vendor payment app can be applied to the entire purchase turnover of Corporate India – a la thousands of crores.” 4.

Startup Contest THE 7x7x7x7 What is your revenue model? How will you make money? Explain the same in very lucid terms Example: “I will make money from vendors seeking clarification on Company payments and from Companies who may want to list themselves.” 5.

Startup Contest THE 7x7x7x7 Costs and Burn How much will it cost to start-up? How have you thought of your costs? How detailed have you been in calculating real costs? Please describe the top items of your monthly and yearly costs 6.

Startup Contest THE 7x7x7x7 Value creation Eventually, how will value get created? Will this be a very profitable business or something that will get acquired? Why? By Whom? Example: “My vendor payment app can either become a very strong business or get acquired by the large Consulting Companies (e.g Dun & Bradstreet) as a valuable asset to their business.” 7.

Startup Contest THE 7x7x7x7 Team Members 1.Full Name | ID

Startup Contest THE 7x7x7x7 That’s it! Kindly paste a picture of yourself here