Will this move the needle? What is the ROI? When will we see a return on our investment? How fast can you prove this will work?
No, I wasn’t at a BIG company meeting when I heard these questions. I was at a Startup Weekend this past weekend, and the people asking these questions were participants. Not the judges. What?!
As one of the original founders of SW in Tijuana, I get a lot of feedback from participants about their experience at SW. From what they think sucks, to what they like, to what they think would add more value, I hear it all. Besides the questions above, one particular group of participants (composed of a lawyer and a couple of MBA types) noticed that most of the people who come to pitch are of the “let’s create this because it would be cool” variety, not the “let’s do this because we’re going to make a lot of money”.
You would not be surprised if big company executives were making these types of remarks, or asking these types of questions. In big companies, being able to prove that your idea will make a significant impact on the bottom line is a criteria your idea must have if you want to move your project through the gauntlet.…