Technology Venture Idea Generation

Question 1

What are the Fundamental venture types?

Answer 1

B2B ( business to business) : ventures that sell to other companies

B2C (business to consumer) : ventures that sell to consumers

B2G (business to government) : ventures that sell product or services to government agencies

Question 2

What are the 3 ways to create value for B2B?

Answer 2

1) Help companies make more money

2) Help companies save money

3) Help companies comply with government regulations / community norms.

Question 3

What are the 4 steps in idea generation process?

Answer 3

1) Identify a point of pain in a target market
2) Innovate a product or service
3) Test business models
4) Explore how to acquire customers

Question 4

What is the definition of “point of pain”?

Answer 4

The problem you intend to solve for customers.

Question 5

What is the Single-product venture?

Answer 5

Single-product venture Ventures that sell only a single product to consumer markets.

Question 6

What are the revenue streams options?

Answer 6

• Pay as you go: products and services are offered at a price and
  customers purchase them as they use them.
• Freemium: providing a base set of products and services for free and an enhanced set at a reasonable price (e.g. Dropbox).
• Billable hours: consultant bills the client on an hourly basis for services rendered, often with a minimum fee.
• Advertising based: aggregate users and sell advertising based on the number of daily and monthly visitors (e.g. Facebook).
• Subscription pricing: payment of a fee to gain access to products and services for a fixed period of time (e.g. The Wall Street Journal)
• Distributor or reseller: a distributor aggregates products from companies that make products, selling these to end users.
• Retailer/Wholesaler: entrepreneur aggregate and hold products for end users and make them available as needed (e.g. Amazon)
• Landlord-Leaser-Licensor: holding office space or intellectual property and permitting others to use the assets for fee (e.g. Cloud).
• Broker: facilitates the transaction between buyer and seller and generally charges a percentage of the transaction (e.g. eBay)

Question 7

What is Opportunity register?

Answer 7

Personal journal dedicated to helping entrepreneurs keep track of their evolving product or venture ideas.