129th 1M/1M Roundtable For Entrepreneurs: Winners Of Second BlueSnap-Elance Finals

by Sramana Mitra on Friday 8 June 2012, 7:42 PM | Category: Entrepreneurship| View: 1424 views
 
 
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During today's roundtable, we held the second finals for the BlueSnap-Elance contest.

Family Rx Tracker
First, Stephanie Mountain from Leawood, Kansas, pitched Family Rx Tracker, an online service and mobile app for reminding caregivers about the administering times of elderly family members' medications. Family Rx Tracker wants to differentiate itself from competitors by making available a significant amount of content that alerts caregivers to the side effects of prescribed medications. There is a large question mark around how to get the side effects content.


Downloads NOW!
Then Cookie Marenco from Belmont, California, pitched Downloads NOW!, an online service for affluent consumers who care about the audio quality of downloaded music. Cookie's offering focuses on high quality audio files for home entertainment. She knows her domain all right.

Remotia
Next Kowaken Ghirmai from Newark, Delaware, pitched Remotia, a suite of SaaS offerings that span accounting, CRM and other business functions for running a small business. Kowaken presents Zoho as one of his top competitors. The product strategy needs a lot of work still.

The Vegan Health Club
Then, Nwenna Kai from Philadelphia, Pennsylvania, pitched The Vegan Health Club, a subscription-based content service for managing a Vegan lifestyle. Nwenna needs to figure out what it would take to get her customers to pay – not an easy challenge.

39shops
Hrishikesh Jobanputra from Ahmedabad, India, pitched 39shops, an e-commerce platform for very small businesses to get online stores up and running without the need for tech savvy. 39shops, in all probability, will be focusing on the Indian market. A very interesting opportunity.

Ideal Group
Next Steve Jacobs from Hilliard, Ohio, pitched Ideal Group, a non-profit mobile app suite. We could not figure out how the business would make money, since all the apps are free.

Prisere LLC
Then Donna Childs pitched Prisere LLC, a disaster prevention service for small businesses. The key issue the judges saw was that there is no perceived pain among the customers, hence, it would be an impossible offering to sell.

HaveOneOn.Me
Harlan Robinson from Marlborough, Massachusetts, pitched HaveOneOn.Me, a gift-giving service through which you could ask a family member to ‘have a drink on me'. The business is fraught with legal and execution risks.

Mangobird
Amit Aggarwal from California pitched Mangobird, an app development company that has a few apps out there, including Find My Phone, which is a paid app that has generated 25,000 downloads at $0.99 each so far. Amit also has a few games in his portfolio. There are some critical decisions ahead, the most important of those is figuring out a destiny for Find My Phone, an app that has fallen behind the times. Amit also needs to chalk out a product roadmap for how to move forward with the other gaming apps and insert virtual goods-based monetization models in them.

AquaLoti.Mobi
Last up, Dana Cesar from Tulsa, Oklahoma, pitched AquaLoti.Mobi, an affiliate marketing site for water related products. Dana's immediate game plan doesn't seem sufficiently well thought through. She presented a broad overview of water related issues but not a clear articulation of her business opportunity.

And the winners of today's contest are: Family Rx Tracker, Downloads Now!, Remotia, Vegan Health Club, 39shops and Mangobird. Congratulations, winners! You can listen to the recording of today's roundtable here.

As always, I would very much like to hear about your business, so let me invite you to come and pitch at one of our free 1M/1M public roundtables. We will be holding future roundtables at 8:00 a.m. PDT on:

-Thursday, June 14, Contest With Imperial College Entrepreneurs To Win 1M/1M Scholarships From A&N Media & Elance: Register Here.

-Tuesday, June 19, Contest With London School of Economics Entrepreneurs to Win 1M/1M Scholarships From A&N Media & Elance: Register Here.

-Thursday, June 21, 1M/1M Roundtable With Innovation Pavilion in Colorado: Register Here.

-Tuesday, June 26, Contest With University College London Entrepreneurs to Win 1M/1M Scholarships From A&N Media & Elance Register Here.

-Thursday, June 28, 1M/1M Roundtable With Boulder, Colorado Entrepreneurs: Register Here.

-Thursday, July 5, Register Here.

If you want a deeper relationship with me, you are very welcome to join the 1M/1M premium program. If you have any questions about the program, please, first study the website, especially What to expect from the 1M/1M premium program and the FAQs. If you have additional questions, please email me, and I would be very happy to respond. Please note that I work exclusively with 1M/1M entrepreneurs.

I also invite you to join the 1M/1M mailing list for the ease and convenience of getting updates. This way we can stay in touch, and it will help you to decide if 1M/1M is a program for you.

 

Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, an educational, business development and incubation program that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond. She is a Silicon Valley entrepreneur and strategy consultant, she writes the blog Sramana Mitra On Strategy, and is author of the Entrepreneur Journeys book series and Vision India 2020. From 2008 to 2010, Mitra was a columnist for Forbes. As an entrepreneur CEO, she ran three companies: DAIS, Intarka, and Uuma. Sramana has a master's degree in electrical engineering and computer science from the Massachusetts Institute of Technology.

 

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