So I was supposed to be posting last week’s blog on Sundays but, it’s a lot more convenient to blog during the week as Sunday’s for most people even start-ups is a rest day.
Last week was a great one my co-founder and I decided that we would launch our M.V.P this week but, unfortunately, that didn’t work out; we have so many things that need to be done.
We are now creating our go-to-market strategy and finishing up on our landing page and completing some editing and that’s it!
Last week we also met with one of our advisors from college, he told me a lot of things about what the next step should be and believe me I listened closely.
One thing we did find out last week was more legal problems that have to be dealt with.
Last weeks overall mood is comparable to coffee.
#We got the jitters
We’ll see what happens…
This will be a quick update as nothing major happened this week.
- Weekly Positives- Getting a lot of work done fine tuning the platform. Met with co-founder and agreed on a new company direction. Confidence is building.
- Weekly Exhausting- Realistically everyday is tiring, but making flowcharts is another story.
- Up & Coming- Hopefully we’ll have some special news at the end of the week and updates.
I was going to show you the new page we’ve completed, poof!
This has been a very difficult week we’ve been trying to get everything rite on our platform. I’ve made a number of changes only to accidentally delete everything. I was working on a page for 3 hours and accidentally pressed the delete button on one of the pages.
I always need to save everything in the original state before I change anything or delete it.
Start-up grind is difficult as I want to launch, but we are nowhere near ready to do so.
Focusing is also taking its tole as I need to plan, lead, control, organize I’m mentally getting tired and frustrated with the lack of growth, but another week is here and with that, we have another opportunity #staying #positive #strong.
So here’s how we came into existence. It started with a meeting of college friends.
Me failing at a past start-up in the financial technology industry. And my partner climbing the corporate ladder. We met one day in a coffee shop just hanging out 2 friends.
My friend in Finance pitched me on a crowdfunding concept.
I thought about it for a minute… I then told him I’d need 6 months, provided it’s legally possible.
He went to school for financial economics at York University.
The key decisions we had to make was regarding if our concept was legally possible. This meant creating a simple pitch deck and finding an appropriate lawyer who specializes in finance. So I set up a meeting with a financial lawyer of a reputable law firm and he approved our concept, which is when my eyes began to light up as I felt the hardest part of our start-up was behind us. I was wrong about it being the hardest part, but I have to do 2 months of research in an attempt to find competitors.
That’s how it all began…
We are a 2 man team I have a background in start-ups and my co-founder has a finance background. Our web developer is a friend of mine he’s not officially on the Upropos team, but that could change.
Start-up magic is when your researching government regulation related to your start-up. And suddenly the government passes a law, which provides you with first movers advantage.
THIS IS VERY REAL AND IT HAPPENED TO US.
When we were conducting our research on Upropos. About a month in the government past what’s called the “crowdfunding exception”. This was the factor that transformed our perception of what Upropos could be and provided us with confidence that we need.
Opportunity meets execution.
We haven’t posted anything since July 2016! Man was that a long time ago. A number of things have happened since then both positive and negative.
I like to start with the negative.
- We failed to attract any new businesses until September 2016
- Navigating multi-sided markets is challenging
- Blew some money on a web developer, that simply didn’t work out
- Money is extremely tight!
- Venture Capitalists are throwing my concept in the “you know where” (Garbage).
- Getting extremely difficult to balance start-up and work life
- Tension between us co-founders is beginning to show
- Need to build out our board of directors
- We’ve got a number of customers interested and a couple of sign ups
- Blew money on a developer friend and things are rolling! (Still needs work, though)
- Venture capitalists are throwing my concept in the garbage (I know repeat)
- We have been getting steady feedback from businesses and users
- We’ve pivoted a # of times since we first started and added features
- A VC came along and gave me some hope
We still have a lot of key decisions to make regarding the future of Upropos!
We are crowdfunding and crowdsourcing for the exempt market; we partner with companies that operate in innovative industries.
To create a unique and innovative crowdfunding platform.
In the next 5-10 years we introduce world-changing technology through our platform.