Please, help me with my start-up

Discussion in 'Website Reviews & Testing' started by marakana88, Jun 6, 2020.

  1. marakana88

    marakana88 UKBF Contributor Full Member

    43 6
    I am a graduate International Business Management student with a keen interest in Technology.

    I developed the app called Lecture Scriber which help students with their studying. Lecture Scriber takes the stress out of note taking. It is a mobile app that simultaneous records spoken audio and a student’s written notes, which enables a user to quickly revisit and replay specific audio from lectures when revising. At the moment, App is available on AppStore, it is not a final version, but you can try and see how it’s work.


    The tests which was conducted before product’s launch shows that students are interested in the app and they would like to use it. So, I invested money and hired developers to build the app. It didn’t go well from the first time as app had a lot of bugs, so I hired other developers who were more experienced in order to fix bugs, and we finally launched the app.

    However, the development of the app went way beyond my initially planed budget, so now I can’t efficiently promote the app and improve it (app still have some bugs).

    I decided to take a part in university’s Start-up challenge in order to win the cash prize which will help me to improve my App or to find potential investors.

    I got to the final. In the final I had to record 1 minute video pitch, and now it is available for online voting.

    You can have a quick look for my 1-minute video pitch and vote for me if you like it.

    https://accelerator-london.com/students/big-idea-challenge/finalists-2020/commercial-idea-5/


    If I win, it will really help me to make some progress in my small start-up.

    I appreciate to everyone who will participate in this voting.

    Additionally, I want to know your opinion of this idea? And how can I improve and promote this app without big investments?
     
    Posted: Jun 6, 2020 By: marakana88 Member since: Jun 5, 2020
    #1
  2. fisicx

    fisicx It's Major Clanger! Staff Member

    33,458 9,914
    Why a video pitch? Much better if you show the app.
     
    Posted: Jun 6, 2020 By: fisicx Member since: Sep 12, 2006
    #2
  3. marakana88

    marakana88 UKBF Contributor Full Member

    43 6
    App is available on AppStore but it is on early stage. App has some bugs which need to be fixed but I need some investments in order to hire developers to fix these bugs. So, if I win university competition in pitching my idea I will get some cash price and support from the accelerator.

    https://apps.apple.com/us/app/lecturescriber/id1464186973?ls=1 - link for the app.
    https://accelerator-london.com/students/big-idea-challenge/finalists-2020/commercial-idea-5/ - link for voting

    I appreciate if you can vote.
     
    Posted: Jun 6, 2020 By: marakana88 Member since: Jun 5, 2020
    #3
  4. fisicx

    fisicx It's Major Clanger! Staff Member

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    Can't really vote for it as taking notes on my phone often isn't practical. I tend to use my laptop to take notes. Whenever I see images of students in lecture halls they all have laptops.
     
    Posted: Jun 6, 2020 By: fisicx Member since: Sep 12, 2006
    #4
  5. marakana88

    marakana88 UKBF Contributor Full Member

    43 6
    Fair enough, that's why I need investments, as in the future the same program will be built for Mac OS, and it all will be connected. Students would be able to use Laptop version and phone version.
    During my last year, I used this app, and it was really helpful in terms of preparation for exams.
     
    Posted: Jun 6, 2020 By: marakana88 Member since: Jun 5, 2020
    #5
  6. Mr D

    Mr D UKBF Legend Free Member

    24,815 3,025
    Any plans for windows?
    Most of the students I know at uni use windows laptops.
     
    Posted: Jun 6, 2020 By: Mr D Member since: Feb 12, 2017
    #6
  7. marakana88

    marakana88 UKBF Contributor Full Member

    43 6
    Not in the nearest future. Research shows that Apple users are more willing to pay for this kind of apps. So of course, at the beginning, we have to consider the platform where most payable users in order to get some profit. However, of course in the future, the app will be available for Windows and Android users.
     
    Posted: Jun 6, 2020 By: marakana88 Member since: Jun 5, 2020
    #7
  8. Chris Ashdown

    Chris Ashdown UKBF Legend Free Member

    11,931 2,485
    Will the advent of video recording of lectures due to virus fears not lead to all future lectures being given as video's and negate the need

    Myself i have always thought that taking notes in a lecture is poor practice by the lecturer and that first class notes should be available as a transcript with the lecture, so you can consentrate on what is said
     
    Posted: Jun 7, 2020 By: Chris Ashdown Member since: Dec 7, 2003
    #8
  9. Mr D

    Mr D UKBF Legend Free Member

    24,815 3,025
    What are they taking notes on if its not what is said?
    What would a transcript show that isn't what is said? Was under the impression that transcript would cover what is said.
    Perhaps printouts / downloaded slide to cover what is put on screen?
     
    Posted: Jun 7, 2020 By: Mr D Member since: Feb 12, 2017
    #9
  10. fisicx

    fisicx It's Major Clanger! Staff Member

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    Research shows students aren’t willing to pay for anything.
     
    Posted: Jun 7, 2020 By: fisicx Member since: Sep 12, 2006
    #10
  11. marakana88

    marakana88 UKBF Contributor Full Member

    43 6
    Agree, that's why in the future app will be connected to AdMob in order to show advertisement in the app)))
     
    Posted: Jun 7, 2020 By: marakana88 Member since: Jun 5, 2020
    #11
  12. fisicx

    fisicx It's Major Clanger! Staff Member

    33,458 9,914
    That makes it even worse. Right now you don’t have a viable product.

    There are lots of ways to record a lecture and lots of ways to take notes. Everyone will have their own preferred method. I used an A4 notebook for example.

    Have you calculated the development costs? Do you know how much it will cost to market? Have you projected revenue streams? Is it going to make any money (I suspect not).

    Students are not going to be filling lecture halls for a long long time, this is an app for 2021/2022. Spend time debugging and integrating with other devices and then look to launch next year.
     
    Posted: Jun 7, 2020 By: fisicx Member since: Sep 12, 2006
    #12
  13. marakana88

    marakana88 UKBF Contributor Full Member

    43 6
    I agree that product is not ready yet. I have a business plan for this project. However, development cost went way beyond my initially planned expenses, due to the poor hiring process of developers ( long story, but it is absolutely my fault). That's why I am looking for extra investments into the business, and this university competition can help me to get some money for business. That's why I am trying to get as many votes as i can.

    Probably you are right, maybe it is better to build the system which will be working on all devices and only then lunch the product on the market. I would love to do that, but it required much more investments.

    As I know from September all students are going back to school, until that time I have to build a perfect product.
     
    Posted: Jun 7, 2020 By: marakana88 Member since: Jun 5, 2020
    #13
  14. fisicx

    fisicx It's Major Clanger! Staff Member

    33,458 9,914
    You won’t be ready for September. It might be ready for next year if you get funded.

    a quick check on the App Store shows there are already a number of similar products I can download for free.
     
    Posted: Jun 7, 2020 By: fisicx Member since: Sep 12, 2006
    #14
  15. marakana88

    marakana88 UKBF Contributor Full Member

    43 6
    Yes, I have competitors. They are not fully free. Some of them have a subscription of around £10 per month, my price will be around £3.
     
    Posted: Jun 7, 2020 By: marakana88 Member since: Jun 5, 2020
    #15
  16. The Byre

    The Byre UKBF Legend Full Member

    10,346 4,324
    Unfortunately, I cannot make out a word you are saying. A reshoot of the presentation using a proper mic and using a short demonstration of how the app works will work wonders for your pitch!
     
    Posted: Jun 7, 2020 By: The Byre Member since: Aug 13, 2013
    #16
  17. marakana88

    marakana88 UKBF Contributor Full Member

    43 6
    There is a short demonstration.
     
    Posted: Jun 8, 2020 By: marakana88 Member since: Jun 5, 2020
    #17
  18. fisicx

    fisicx It's Major Clanger! Staff Member

    33,458 9,914
    I just saw some screenshots for a fraction of a second. no idea what it was. And agree, you are not speaking clearly, it's very difficult to hear the words especially with the music in the background.

    Does the app ensure you have asked for permission to record the lecture and take screenshots?

    PS: As a diabetic, Tap the Sap is a much more worthwhile project to vote for!
     
    Posted: Jun 8, 2020 By: fisicx Member since: Sep 12, 2006
    #18
  19. marakana88

    marakana88 UKBF Contributor Full Member

    43 6
    To be honest, accelerator stuff put this background music, I've just sent them a video. Yes, of course, it asked, otherwise Apple Store wouldn't publish it.
     
    Posted: Jun 8, 2020 By: marakana88 Member since: Jun 5, 2020
    #19
  20. Financial-Modeller

    Financial-Modeller UKBF Enthusiast Full Member

    812 297
    I was on a campus last year and noticed students using mainly Chromebooks, Tablets (MS Surface perhaps) with an OCR app that converts their scribbles to text, and pen and paper.
     
    Posted: Jun 8, 2020 By: Financial-Modeller Member since: Jul 3, 2012
    #20