Santa Cruz Project Lights Up Kickstarter

With a Kickstarter campaign that fully funded in 15 minutes Zohar Wouk is not on a typical teenager’s path. He veered from that path toward the end of 11th grade when he left school to attend an entrepreneurship boot camp at Draper University.  It was there that he first came up with the idea for Futuristic Lights — and the passion to advance technology for the art of Gloving.

I had the chance to talk with Zohar and this is what. I learned.

When Zohar and his then 9th grader  coder AbeAbe Karplus attended the 2014 TechRaising weekend they had been working on the prototype for their first product for almost a year. Zohar’s mother participated at TechRaising the previous year and built Snappost. From what Zohar heard and observed, he thought to bring his idea to TechRaising to see how far they could push themselves and how much they could accomplish in the two days. They ended up getting much more out of the weekend than a bunch of code written.

This was the first time they had shared the project publicly and they gained many valuable insights from experts — from UI designers to VC’s. This helped them clarify where they were going with the project. But most of all, the most lasting outcome of the weekend was connecting with the Santa Cruz tech community that has continued to offer support, insights, feedback, and connections.

Since TechRaising 2014, Zohar and Abe added Abe Jellinek, Pawel Faryna and Michael Chubbs Marchetteto to their team and they honed their focus to a single product — The Kinetic under the company Futuristic Lights. They have plans for additional product after they launch and learn from The Kinetic.

Being young, fresh, broke entrepreneurs, they didn’t have the funds to finance the first round of manufacturing. They decided that Kickstarter would be an ideal vehicle for raising funds for The Kinetic. Kickstarter is a great way to reach groups of people that are passionate about niche products. Products that they feel they have a role in making possible and products they want to use themselves. This gives the group a reason to rally around the project. If the project doesn’t meet it’s funding goal it doesn’t happen.

The gloving community, is active and vibrant — and certainly rallied around the Kinetic. One of the reason’s for the success of the Futuristic Lights Kickstarter campaign is the active curation of, and communication with, that community.

Much of this happens on Facebook. Zohar’s team made the launch of the Kickstarter campaign an anticipated event – much like the opportunity to buy tickets to a concert that is surely going to sell out. They created videos highlighting each of the 6 modes of the gloves and two more teasers about the project. Each of these videos was rolled out over the course of a month. Soon the gloving community was waiting in anticipation for the next video revealing another feature.

When they announced the launch date and time they combined it with a give away of the product. Sharing the post was the ticket to enter the give away. The post was shared 1000 times and had a reach of almost 70,000 people.

The gloving community was so primed and excited for the launch that they were waiting with rockstar fan anticipation for the launch. Like standing on line for concert tickets to go on sale they were waiting online for the Kickstarter to begin. They were there to click as fast as they could to get one of the early bird specials. And boy did they go fast.

Still, the team wasn’t sure what would happen.  They thought the community was excited but had no idea how much. Despite the whole team’s hard work, the five were very nervous that the project wouldn’t get funded. They guessed they would raise about $5000 the first day and would consider that a win. For them, it was surreal watching the numbers climb and climb. Their initial $20k goal was the absolute minimum required to produce the basic product. With every dollar as the campaign grows they gain confidence in the quality of their ability to deliver a great product.

The Kickstarter campaign runs until Jan 11, 2015.  Click here to light up your world.

photo: FuturisticLights.com

Essential Tips For Pitching Your Startup

As we approach the 2014 TechRaising Weekend April 25-27  let’s look at some of the insights that we learned from Adeo Ressi’s Pitch Practice session during last July’s TechRaising Meetup.

All of these tips are essential when you are pitching to investors. And most will help you create a great pitch to attract team member to help work on your idea at TechRaising. Take a look and ask questions I the comments or tell us what you think.

Adeo’s Pitching Tips

Don’t ever use adjectives and especially superlatives.  You may think your idea is the best, the greatest, the first. Chances are the VC you are talking to has heard that same idea 100 times in the last two weeks. Ideas come in waves, if you thought of it chances are at least 975 other people did too. In Adeo ‘s case, when he hears superlatives you lose so much credibility he has to fight himself to “re-listen to what is coming out of your mouth.”

His advice: Don’t squander your precious time in front a VC — get straight to what they need to hear: tell them what you product is, who buys it and what problem it solves.

All businesses have one customer. Tell me whom you are helping – and it can’t be half of humanity. Yes you want to have a broad customer base, and it needs to be a specific segment of humanity. “Men” is not a specific segment. That is half of humanity.

The customer is who’s paying.  Always focus on the people with the money – especially when you are creating a market place.

Use the phrase, “My helps specific segment of humanity to [do what]” Not “I’m helping them by….”

Never, Never, Never, Ever – Start your pitch with Questions. 1) Unless you are actually gathering market data you are wasting time that you could be using to tell your story about your business.  2) Big risk: If no one engages your pitch has just crashed & burned.

Appear fresh and new – Saying that you have been working on your product/idea for the last 5 years is often not a good thing. You want to give the appearance of magic — that your idea just came from the ether and hey “look at this prototype we created over night!”  If you tell them that you have been at this for years – they’re going to want to see all the customers you’ve garnered in that time.

You spend all day thinking about your business model and need to make it comprehensible in a short pitch. Don’t give partial information. If there are 10 parts to you model don’t give only parts 4, 6 & 9 in your pitch. It confuses the audience. Find a way to distill your whole model into your pitch. (By the way, if your model requires 10 parts you may need to reexamine your model.)

Don’t lead with your “oh so clever phrase” or your data – Always start with what you are creating. People need the context first for you stats or clever phrase to make sense. Otherwise they are confused on where you are going with this. You don’t want to start them off questioning the data. Use the data to justify their gut feeling after you already sold the idea. Not the state you want the people with the purse strings to be in! Seriously, resist the temptation to be what you think is a great showman. Trust Adeo on this, your stats or catchy phrase will be even more powerful when people know what the heck you’re talking about!

Start with this phrase  “My company (insert name) is developing (insert a concrete item – website, mobile app, software etc) to solve (name the problem) with (insert your secret sauce)”.

When you’re the winner, Shut Up!  When you’re pitch has landed stop talking. Maybe the hardest thing to do and also the most important. Any top sales pro knows this and it is still hard for them.

Ok, now that you are ready you can get your TechRaising Tickets here.

Image: Flickr – Adam

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