E546: #TWiSTLive at Samsung Global Innovation Center: All “Ask Jason”/Shark Tank

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All “Ask Jason”/Shark Tank is back! Today’s show, hosted at the Samsung Global Innovation Center, features companies asking for Jason’s honest advice on their fledging startups, and entrepreneurs asking Jason their most burning questions. And the ideas sparkle & fly! We meet a music event startup, a virtual reality startup, a live video journalism app (reverse Periscope), an on-demand personal assistant app, an idea network, and more. Jason covers the importance of conducting user interviews, the importance of solving a singular problem really well, why the metaverse (a 3D version of the web) will not be productized, how working on virtual reality now feels like working on the internet right before broadband (a 5-10 year journey), why crowdsourcing live video for journalism is a GREAT idea, how it can be better to focus on getting one high-profile partnership than growing organically, the main criterion for Jason typically to invest (contrary to most investors!), execution > money, the huge advantage of working in a wide open space — and so much more!

Full show notes: http://goo.gl/sC24ty

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  • Paul Towers

    Loved the pitches from the crowd, a few questions that spring to mind is did Jason catch up with Limelight after the show? And did this lead to any thing (i.e. did he invest)?

    I liked the second company, clear and simple name with Send and agree that narrowing the focus to be your “on demand for business x” would be a great way to differentiate in a marketplace that is becoming more and more crowded.

    I personally couldn’t see the value prop in the third business that pitched from the crowd. Again, Jason’s feedback would make the value prop a lot clearer and easier to explain to the public in order to get some adoption.

    I have reviewed their website again since listening and still don’t think it’s clear enough. It seems as though it is now a service for Startups where you can get feedback on your ideas and build a team. But it seems like I can’t really find out what it’s about unless I sign up or pitch an idea to them. I think they need to show what the process actually involves and have some examples of what actual companies are doing within their system on their home page or a dedicated landing page to drive sign ups/conversions. Without that I would assume the bounce rate is pretty high, seeing as I was interested in knowing more about it and still bounced within less than a minute.