Financial Modelling, AI Boyfriends and Startup Idea of the Week: Photo Storage
Hello there and welcome to Founder's Compass, a good way to get oriented around the labyrinthian world of startups.
Tool of the week: Map of Reddit
Not sure where to find your audience? Reddit might have the solution. I usually recommend founders to start using Reddit to validate their ideas/products with their target audience directly, but most have no idea how to the platform works or where to look.
Just insert the key-words that best describe the people you’re looking for on this map and bam! You find the ones that are also more or less connected to your target.
Video of the week: Startup Financial Modelling
Fighting with Excel/Google Sheets is not everyone’s choice. Yet most investors speak to their founders through their financial projections.
Here’s a very simple, useful dive into how to make financial modelling a reality for your startup:
Top 5 stories of the week
Some updates
Let’s update you regarding what’s going on at Creative Motion & ReaktorX:
We’re offering two scholarships for students signing up for Future Founders Boot Camp. Apply for one here.
Startup idea of the week: Better Photo Storage
Problem: Both iCloud and Google Photos started to become expensive, complicated and unsafe (from a privacy perspective). Even though we take more photos than ever, we rarely look back on our memories. We’ve become hoarders of digital photos.
Google tried to change that by offering a Print Photo Album and automatically selecting your photos for it, but it barely took-off. So, what does the future of photo storage looks like?
Target: Initially, professional photographers/videographers shooting on mobile.
Solution:
