30A – Final Reflection

1.      Ever since I’ve started this class Friday evening have been times of stress because I never do any of this work a day before it’s due so I’m always making a mad dash to get a decent grade. However, the actual things I had to write on were not boring at all, which made the class bearable. I like my idea, but I don’t think I’m the type to risk it all on a business idea.

2.      The most formative experiences were the venture capital pages, I enjoyed how I had to game out an idea and evolve it over time. I love logic puzzles and general conundrums, so this was all my wheelhouse.

3.      No, but I can see the appeal and I won’t say I’d never be an entrepreneur, but it would take an idea that I felt much surer about in order for me to put my skin in the game.

4.      Spend quadruple the length of this class ironing out the kinks mentally, not afraid to call it a dud, before going for your idea, keep asking questions and keeping your ear to the pulse of consumers desires.

29A – Venture Concept No. 2

My problem is people wanting to start a project, be it welding, woodworking, sewing, or working on a car. Not everyone has the money time or space to gather all the tools needed for each of their projects. Often, they end up spending more than they wanted on tools just to complete a task. My solution is an app that allows you to especially airbnb a shop space and an UberEats for materials. A rental service that connects people with open shops who are willing to make extra cash and people who need to get tasks done but don’t have the tools.

A few ways of implementing this service

·                  ·        One being a rental style system, in which people advertise their shop and others seek them out like the Airbnb app.

·                  .      An UberEats like service for delivering materials for those in a bind.

·                  ·        Another could be creating a central location, similar to a hackerspace and charging for membership.

·                  ·        Another possibility is renting the individual tools much like a city bike service.

My main consumers are those who have projects they wish to complete but are limited by space, money, or experience. Much like how Innovation Academy students need to hunt down 3d printers and sandpaper, any college student needs a space to complete their work. Also running out of what you need right when you get into the flow can be annoying, get materials delivered so you can stay focused would be invaluable to college students who don’t have a car.

I got a lot of praise, but I also got pointers to the idea of expanding the services to better serve to convenience. Additionally, ensuring that there would be spaces to rent so that there is never an area without people using the app. So I added the idea of delivering materials to better serve customers who wanted convenience when working of creative projects as well as adding incentives for the owners of the spaces, like learning to teach and working with kids.