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# Notes
### Meeting 1
* Random Events
* BRITE? Event downtown: Opportunity to pitch things
* Should I start this company?
* Stakeholders?
* Product Market Fit (Find segments?)
* Customers: Who are they... Every tiny little detail of people who might be interested
* Testable Hypotheses
* Find Business Models. Pay attention to what competitors are doing.
* Next Steps: National prog, SBIR, Other local programs
* Positioning:
* Integration into existing tool (product)
* vs standalone system
* Questions to ask
* Freedom to Operate
* Do you have the freedom to operate without running into licensing issues
* Manufacturing requirements
* Product requirements (by market segment)
* Performance
* Price
* Appearance
* How do customers learn about the product?
* Seasonality (does demand shift regularly over time)?
* Regulatory Approvals
* What do people have now that solves this problem?
* Are they happy with their current product?
* Other per-market factors that are important
* Market size -- vs
* Customer acquisition cost
* Profit margin
* Sales channels
* What is the competition doing
* Repeat orders/follow-on sales: Once you have a customer, do they continue paying you?
* Who's the big customer in the space? Can you convince a big fish to use your product?
* Per-market regulations?
* Sustainable cometitive advantages -- Secret sauce -- What's to stop others from copying you
* Intellectual Property / Patents
* Specific knowledge ()
* Privileged access to markets (someone you know)
* Brand identity (not really)
* Speed: Resources (financing, manufacturing) that make it easier to get to market faster
* Special knowledge: What's the one thing that no one else seems to "get" about the market
* First (or second) mover advantage.