During today’s roundtable, we saw an unprecedented number of entrepreneurs from Kolkata, which thrills me to bits because I am from Kolkata, and nothing would please me more than to see an entrepreneurial ground swell happening in that city.
Project Site Tracker
First, however, Eric Gan from Malaysia pitched Project Site Tracker, a mobile application for construction project management and tracking. Eric estimates a rather large number of construction project managers in the APAC region and has started validating his idea in Malaysia. Autodesk is quite big in the construction software space, and I advised him to look at their APAC strategy carefully.
Then Abhisheek Patra from Kolkata, India, pitched Zoronto, a Web portal for matching people who seek a certain type of lodging with the appropriate guest accommodations. Abhisheek has already validated his business and is generating some revenue. However, most of the business is high touch and manual right now, which limits its scalability. The market is also fragmented, and Abhisheek needs to develop a TAM model to assess how large the business could be. Go-to-Market strategy also needs significant work to make it scalable.
Next Kundan Singh from Pilani, India, pitched VisiFoo, a web-based question-answer portal. I could not figure out how the business would monetize, and given how much sites like Quora have struggled on the monetization front, I don’t feel particularly comfortable with this business.
Then, Rohit Singh from Kolkata, India, pitched ShopOffice.in, an e-commerce venture for office supplies. The concept is simple and validated elsewhere in the world. The US has multiple successful e-commerce companies selling office supplies to businesses. Rohit’s go-to-market strategy is all over the place, though, and needs substantial tightening. Nonetheless, the concept is eminently viable and a rather large company can be built based on this idea.
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:
-Monday, June 4, Ten Finalists of BlueSnap Elance Entrepreneur Development Contest Competing for six 1M/1M Scholarships: Register Here.
-Thursday, June 7, Ten Finalists of BlueSnap Elance Entrepreneur Development Contest Competing for six 1M/1M Scholarships Register Here.
-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.
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