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Women Founders Foundation

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Women Founders Foundation

  1. 1. mkossarian@gmail.com @malous_k Is Your Idea Viable? Malous Kossarian mkossarian@gmail.com
  2. 2. What we’ll focus on • Story time • How to assess your idea • How big is the problem • What do you need to learn to solve it • Your passion level • Would people pay for it • What solution already exists? How is yours different • Example business ideas • Ask for their ideas
  3. 3. Google Science Fair Winner • Fione Ferriera wins 2019 Google Science Fair • Won $50,000 for system to remove microplastics from water • Uses combination of oil and magnetite powder • 87% effective in removing all microplastics • Fione plans to scale out his invention and implement at water treatment plants
  4. 4. CoderBunnyz & CoderMindz • Samaira Mehta started coding at 6 years old • CoderBunnyz teaches computer programming concepts • CoderMindz teaches basic AI concepts • Generated $200,000 of revenue in a year, sold over 6,000 games • Samaira visits schools, libraries and companies to hold workshops for employees and their kids
  5. 5. Large Scale Impact • Greta Thunberg led “school strike for the climate” at 15 • 7 months later, 1.2M students in 112 countries joined her protest • Has become a climate activist • “No One is Too Small to Make a Difference”
  6. 6. Consider your Idea • Mission & Revenue • WHO – Why are you the right person? • WHAT – What do you want to build? • WHEN – Is now the right time? • WHERE – How will people hear about it? • WHY – Is there a problem you want to solve?
  7. 7. Mission • Why do you want to build this? • Is there a social angle to your idea? • Airbnb – connect people across cultures • Blueland – reduce plastic waste • Code.org – teach computer science to everyone • Delta – make the world feel smaller through travel • Hello Alfred – employ women and give back time
  8. 8. Why are you the right person • Your interests, skills, and people • What are your passions
  9. 9. What do you want to build • What is the product? • Who needs it? • How did you think of it?
  10. 10. Is now the right time • Is there something uniquely better about now? • Why is now better than the past or future?
  11. 11. How will people find you • Where will your business exist? • How will people find you?
  12. 12. Is there a Problem • Who experiences the problem? • Are there solutions? Are they good enough?
  13. 13. Solar Heater Science Winner • Xochitl Guadalupe Cruz • Installed solar powered heater on her roof • Wants to help her community have access to hot water • Created out of recycled materials
  14. 14. Blueland Mission: “Make being eco easy with innovative products in reusable packaging that are convenient, effective and affordable” • Started Blueland to cut down plastic waste • Inspired once she became a mom
  15. 15. Me & the Bees Lemonade Mission: “Save the world’s bee population. Buy a bottle, save a bee.” • Started at 4 years old, and grew the business every day • Uses social media to teach people about honeybees
  16. 16. Gladiator Lacrosse Mission: “Provide high-quality lacrosse equipment at an affordable price.” • Started at 13 years old, when she couldn’t find the equipment she wanted • Joined forces with Casey Powell, professional lacrosse player
  17. 17. Nannies by Noa • Started summer art class for kids at 10 • Started a full service childcare agency

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