Skip to main content

Experimenting

The past week involves mostly on experimenting, somewhat similar to the experimental learning concept mentioned in the Lean Startups.

The readpeer project finally went on test by real users and we gathered feedbacks to polish the system based on real situations. Xiaoli and Prof went for meeting in Hangzhou early last week and I'm the only one who dealt with bug fixing+ web service api development+operation.

Early in the week, one senior(CTO) from Visenze(one of few real technical startups) in SG emailed me to join his company. Actually I was supposed to join his company after graduation instead of the Prof's company for a better exposure/involvement to a tech startup. However, I confirmed to Prof to make readpeer a product-standard one before moving to other projects. Now my role is almost fulfilled but I start to realize that it's not just about production design and development, but more about operation and continuous grows.  Even the functionalities and design works have fullfilled doesn't mean I'm done with the project. There are plenties of other stuffs. I told the senior that we are validating the idea and developing mobile apps right now, so I'm not ready yet but can talk to him by end of February. Kindly, he emailed me some suggestions: 1. when the product goes on public, operation(运营) becomes more crucial. 2. Do focus on one mobile platforms instead of both iOS and Android to reduce the opportunity cost. 3.when the idea doesn't work, quickly switch to other directions for validation. The suggestions are really frank.

Let me share more about the readpeer idea dispite that the Prof strongly disagree exposuring ideas to others. It was firstly about academic reading and annotation. However, we consistently seek for potential unique way out to make the system workable in real business. We started to explore the possibility of novel reading four months ago, later finding out we are not special enough to distinguish ourselves.  Then we narrowed down to script reading, which then evolve into mini movie production. The mini movie production idea can be found here: movie. readpeer.com. However, the Prof wrongly assumed that people will easily create music/posters/photo annotations out of their intrinsic motivation+some money awards. The result turned out that the cost is too high to generate such kind of highly time consuming annotations.  The first few days of market testing turned out that people are not annotating given the instructions that they have to attach originally created posters/music. In another word, this idea is Invalid. However, the Prof seems to be happy to see 10+ unique visitors coming to the site while that's certainly a bad number. Though we still haven't started really marketing the site, I started to wonder about the business model. It is impossible to make into a business if we continue believing that extending user base will be a business way out. At least, the market doesn't fit Singapore if we are targeted to people who read original created scripts and making annotations purely out of interests. I started to realize it's a business problem instead of a technical issue.

If I were only a normal employee, that would be none of my business if the business doesn't make sense. However, I guess I'm responsible enough to remind the Prof of the potential dead ends. There are possible way out like selling sub systems to enterprise customers. We will have better competitive advantages when the mobile app goes into play.

For this week's diet, I'm doing good, eating only fish vegetable and toufu, thanks to Prof.Ben's reminder. I hosted a young couch surfer yesterday and today. Unfortunately, he bought me a cup of milk tea in Chinatown last night and my stomach hurts until now...

Comments

  1. I started to realize it's a business problem instead of a technical issue.

    Exactly right. :-)

    ReplyDelete

Post a Comment

Popular posts from this blog

InnovFest 2015

I attended the innovFest 2015 event. It was quite eye opening. Besides the booth, some topics in the forums also interested me. The first topic I joined was the Kopi Chat with Yossi Vardi, a famous Israeli entrepreneur and investor. He is straightforward and humorous. When talking about the most important reason why people wake up with a great idea but ended up sleeping without executing anything, he collected answers from the audiences. One answer pretty much fitted his appetite-- "People fear about losing faces". He shared his opinion with the quotes from Theodore Roosevelt, “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually st...

Time Goes By, So Fast

It's been a week since the last blog entry, time goes by so fast. This week's highlights: 1. Rethought about career development. http://www.douban.com/note/276145923/ 2. Treated my friends a traditional Shaoxing meal. 3. Started to learn Ruby on Rails. http://guides.rubyonrails.org/getting_started.html 4. Started to read the book "Simple and Usable Web, Mobile, and Interaction Design" by Giles Colborne. 5. Recorded some vocals. http://site.douban.com/shaohuan 6. Watched this Ted speech:  http://www.ted.com/talks/angela_lee_duckworth_the_key_to_success_grit.html 7. Followed Ahbei(founder of Douban) on Zhihu(Chinese version of Quora). 8. " 我认为世界上不存在一流的人才,世界上只有存在一流的人才一定是学习能力,谦虚,把自己当平凡的人" --马云(Jack Ma)

Rethinking About Businesses

For a considerable duration, my role within the company primarily revolved around resolving immediate crises. It has been quite a while since I seriously reflected on business matters. The initial discussion occurred last Thursday, a day when the majority of the team was operating remotely. I had the opportunity to delve into the company's business strategies with two pivotal team members. We began the dialogue with my intention to develop products that create value. The preliminary question we addressed was, "Who are these products designed for?" I attempted to measure the value through The volume of users utilizing our digital product. The number of businesses employing our B2B solution. However, these benchmarks might be too broad, requiring further specificity for effective execution. Worse, they don't adequately answer the question of "Who". Vinnie suggested that we should focus on the needs of the ultimate customers. For Vinnie, expenditure on children...