I began by delving into the problem space surrounding the connection between startups and investors. The challenge lies in the limited networks of startups, the time-consuming search processes, and the lack of efficient solutions. Startups struggle to effectively convey their value propositions, while investors face difficulties in identifying promising ventures amid numerous options.
The factors exacerbating this gap include:
1. Information imbalances
2. Networking barriers
3. Distance
4. Poor communication channels
Steps to bridge the gap:
1. Improve communication
2. Create clearer avenues for interaction
3. Educate both parties to understand each other better
Based on this problem identification, we brainstormed ideas and developed various solutions to enhance the matching process between entrepreneurs and investors, aiming to maximize opportunities for both.
We came up with around 50 different ideas to solve the problem and create a user friendly solution. It took us 3-4 sessions to brainstorm our ideas. We used the individual and group brainstorm method where each of us first thought of different ideas on our own and then discussed our ideas together as a group. This helped us come up with multiple ways to solve the problem and use different technologies and trends in our ideas.