After 54 hours of competition among seven teams at Eastern Foundry, three startups emerged as winners last weekend at Startup Weekend DC: Civic Impact Edition. However, their journeys to success weren’t without a few hurdles. After the event, members of some of the winning teams provided some insight on what it’s like to launch a company over three days.
It starts with a team, and an idea for the business. For the team of cofounders that included Tambra Raye Stevenson, Peter Boyd and Tim Nguyen, identifying a singular business plan to work on presented a challenge right away. They pitched Cottage Foodie, a virtual local farmer’s market that for customers to view the food available, pre-order, pay online, and pick up orders in person.
From there, it’s time to start building. Grand prize winner RecruitHer detects gendered language in job postings and provides alternatives to attract more female applicants by using natural language processing and machine learning methods. The team of founders—including Hratch Sofian, Natalie Olivo, Robert Chandler, Yurani Sandoval, Belen Sanchez, Tracy King, and Evann Smith—had a clear takeaway for finding success at a Startup Weekend competition.
“[You must] clearly identify the value proposition of your company/product in a single sentence as early as possible,” explained Smith, Founder and Chief Data Scientist. “If you can do this, then the problem you are solving should be clear and direct your path to monetization.”