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Rate My Startup

1 pointsby Apaneabout 8 years ago
If you are not embarrassed by the first version of your product, you’ve launched too late. - Reid Hoffman, Founder, LinkedIn<p>We&#x27;re getting ready to work on our version two of the product, with a new more fitting name&#x2F;brand and domain and we&#x27;ve already got our new design underway. However, I&#x27;d like to gauge your feedback so we can implement it in version 2.<p>Version 1, www.fastvenues.com.<p>Idea: you&#x27;re hungry and you don&#x27;t know what to eat you visit fastvenues.com and see restaurants around you that offer set-menu, meal deals. By booking and pre-paying through fastvenues.com you get the deal. The main value is that you know you&#x27;re hungry and these set-menu&#x27;s are what we recommend, so you won&#x27;t have to choose from a huge menu we recommend what&#x27;s best.<p>Feedback, open to any feedback that we can apply to version 2.<p>Thanks!

2 comments

kjksfabout 8 years ago
Sorry to be a naysayer but:<p>1. You&#x27;re attacking a space where no-one is succeeding. I&#x27;m not sure if Yelp or Foursquare are profitable yet. Those are 2 leading companies in the space after years in the business.<p>2. You&#x27;re attacking a space where scale&#x2F;density of coverage matters. I&#x27;m in San Francisco, you seem to have only Ontario area.<p>What is your plan to get to the scale needed to make some business out of it?<p>3. You&#x27;re attacking a space without a good business model. You can&#x27;t charge users so you must charge restaurants but if Yelp can&#x27;t make this work, how will you?<p>What is your business model? (if you think you can get restaurants to pay you for sending users or for advertising, you&#x27;re wrong).<p>4. Overall you&#x27;re not better than Yelp or Foursquare.<p>I use Yelp&#x2F;Foursquare&#x2F;Google Maps for exactly the purpose you describe as main selling point and they all have more data (reviews, photos, menus). More importantly, they&#x27;re already installed on my phone.<p>5. You&#x27;re not solving a big pain for the user.<p>That&#x27;s why you can&#x27;t charge people for use. Sure, I&#x27;ll occasionally have the need to find a nearby restaurant in an area I don&#x27;t very well, but it doesn&#x27;t come up that often and I wouldn&#x27;t do it if I had to pay.
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sfeatherabout 8 years ago
If I&#x27;m hungry, I get food. I don&#x27;t open up an app or visit a website. This isn&#x27;t a mortgage level decision, or a 6 month car insurance coverage decision. This is a NOW decision.<p>How are you different from 4square, or google maps (suggestions near you) other than the &#x27;deals&#x27;?
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