kid link - winner 2012 lean startup machine seattle
TRANSCRIPT
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Kid Link
An extra pair of eyes!www.kid-link.azurewebsites.net
Dan, Nitie, Andrew, Ritwik, Zane
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Team Kid Link
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Elevator Pitch
For parents that are worried about losing their kids in crowded places like Disney Land, Kid Link is a great way to never lose track!
Kid Link is a GPS tracker that comes in various fun shapes and sizes and can be easily bought or rented from vending machines in a variety of convenient locations.
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Validation
Pivot 1 – validated interest in tracking kids
• Interviewed: 58
• Interested in product: 25 (43%)
Pivot 2 – validated willingness to pay $20/day
• Minimum success criteria 10%
• Final result was over 25%
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Validation
Pivot 3 – validated distribution channel
• Decision Makers @ hotels, car rentals, stores
• Meeting with Disney 7-Eleven
Pivot 4 – validated ability to sell MVP
• Lots of enthusiastic interest (67%)
• Closed 3 sales (24 contacts)!!!
• Marketing success: FB 4 likes in 5 hrs, .034% CTR
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Next Steps/Big Vision
• Riskiest Assumption: Product/distribution economics
• Distribution: Self-service vending machines selling kid tracking devices/toys
• Business: rent or buy
• Product: form factors, activation, battery life
• Growth: Alzheimer's, Pets, new LBS scenarios
and a video to end