Topic: Edited: Transparent Business Analysis of a blockchain-based business (Read 2127 times)

[4/21/15]: Part 2
The prototype is working! There is no css but everything is working.
We have sent out the release to initial 10 users who are all programmers. Awaiting reviews.
The team is working out a strategy for the initial capital. We are seriously considering the Coinbase hackathon because:
1. it has a 10000$ worth of bitcoins as a prize. At this rate they are worth so much more! Also,
2. the hackathon lets the authors have all the rights to their software so no problem.
3. Being recognized by coinbase and judges validates the idea.

The hackathon ends in mid May and releases winners around then.

We shall post very soon about the updates.

Thankyou and yes 1000 users is an ambitious figure but then we also wanted to push ourselves to release atleast one feature before, if needed, we scratch the project. So now if we don't get to that number atleast we'll re-release with a core feature and atleast have a second go!

The service doesn't involve user's money or any needs data (not even contact detail or signup) but only time.
There is no customer service. There is no code-support since everything is open source. We also have an idea to build a free second service that will provide economic incentive to use the first service, but do not have time/money to build it yet.

I shall definitely need your help. Thanks!

Am interested to help with this, but not entirely sure how...

On most parts its a good strategy.

The only thing I would point out is 1000 user initial goal, that's a bit ambitious if the service is related to anything where user needs to invest money, time or other resources. Also having 1000 users initially will keep you on your toes with support, user on boarding ( I hope you have considered support in your effort estimation ) and resource monitoring. But again it all depends on idea and business nature

Keep it up and please feel free to contact me in case I can help with anything

Regrads

Edited the part 1 above. bump.

I am sure a lot of people will be interested. And Would be better if you can details or update on some sort of a blog like bsb suggested.

Everyone will be interested

Suggestion : Use you own blog to publish your experience and share it here. That way you will be able to make most of the traffic

Regards

We are a bunch of programmer folks starting a bitcoin based business. If anybody would be interested, we can post our day-to-day experiences with starting a cryptocurrency business here in India. All excited

Edit[4/16/15]:  Part 1
Albeit a few, but people have shown interest, so here it goes!

The brainstorming on the initial idea is over and to validate the idea we need a prototype.
We set out designing/studying/coding 50 hours ago and have more than half the prototype ready.
Please pardon the informality of post as we do not have time to work on formal business plans. Not that stage yet.

Current Business Plan
(for near future)
+ Minimal Prototype but 100% working and releasable but no features, just the core demonstrable idea
+ Announce a little
+ Until (not out of money*, do){
    + Validate initial critical mass of users and take feedback.
}
*money = this is the initial seed we are starting out with and it is very little (like not even an expensive dinner worth). We wanna start from almost zero and build organically(so will keep a close eye on level of advertising).

Prototype release target : 4/20/15
After this we search for initial users just to validate the idea, which I am sure this forum would be a good place for. Also a cross post at hackernews would do.
Target : 1000 users
If not, we add one feature and go into loop 2.
If yes, we raise a little money to add one feature.

In both the above cases, however, we will open source all of the code.

To setup the website and blog : 4/24/2015