SoapBox mobile App

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SoapBox mobile App: Feedback for your business idea

GreeceAthens, Greece
Year Founded:
2014
Organization type: 
hybrid
Project Stage:
Start-Up
Budget: 
$50,000 - $100,000
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

SoapBox is a mobile App that helps you pitch your new business idea to like-minded professionals on LinkedIn. You get crowdsourced, industry-clustered feedback and hands-on coaching services, before going beta or knocking on your first investor’s door.

WHAT IF - Inspiration: Write one sentence that describes a way that your project dares to ask, "WHAT IF?"

What if you could use the shared, crowdsourced intelligence of 300 M professionals to help you start a business?
About Project

Problem: What problem is this project trying to address?

We all have business ideas we consider amazing, yet 9 out of 10 fail. How could one get feedback on a new business idea, safely test customer demand to then launch a new business?

Solution: What is the proposed solution? Please be specific!

With the help of mobile App and the shared intelligence of 300M professionals on LinkedIn, SoapBox users get clustered, industry-led feedback. PROCESS Login with LinkedIn; identify yourself as a simple user only or a SoapBox consultant as well. Place your pitch with your idea’s name, 120 characters description and 20 sec. selfie video. Your pitch appears in the App’s main feed; SoapBoxers “Like” or pass. At 50 likes, your idea’s business canvass’ sections unfold. You can now interact with your “Likers” and / or hire a SoapBox consultant for extra help (consultants are rated by the community).
Impact: How does it Work

Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.

Imagine you have a business idea. You don't want to keep working for 600 euros p/m (if employed). You want to create new jobs for yourself and others and spark a revolution of doers. You have a dream. Yet you don't know how to start and you don't want to rely on state aid (again). SoapBox App is the first place young entrepreneurs turn to, in order to validate and then launch a new business idea with the help of LinkedIn members around the globe who provide crowdsourced business intelligence.

Impact: What is the impact of the work to date? Also describe the projected future impact for the coming years.

Cumulatively, we are targeting as many as 300M profiles on LinkedIn, and our main user segments break down into a) simple users who wish to pitch their idea and/or “Like” others’ and b) users who also wish to offer their consulting services. Zooming into our audience, one can identify 1) startups, 2) investors, 3) business schools, 4) incubators and 5) industry experts.

Spread Strategies: Moving forward, what are the main strategies for scaling impact?

On LinkedIn we identify 3.191 entrepreneurship groups, 437.269 profiles involved in startups, 2.061.315 people who have studied business, 1.545 business schools, 50.650 profiles related to incubators, 441.238 people who have worked in Venture Capital firms or practices, just to name a few. In addition, with 472 million entrepreneurs worldwide attempting to start 305 million companies, we target approximately 100 million new businesses (or one third) that open every year around the world. In Greece alone just over 42.000 business were founded in 2012 (yet 90% of them coffee shops!).
Sustainability

Financial Sustainability Plan: What is this solution’s plan to ensure financial sustainability?

Total cost estimates for 6 months’ work (development, marketing, administration) is estimated at EUR 80.680. We expect to generate revenue through B2B Services (tailor-made B2B solutions for Business Schools, Incubators and other clients), Commission on consultant fees and Premium Services (Freemium model). Detailed financial plan available.

Marketplace: Who else is addressing the problem outlined here? How does the proposed project differ from these approaches?

Competitors Feedback “tools” such as Google Keyword Planner and Google Trends, Google Adwords test campaigns. Online questionnaires such as SurveyMonkey. Crowdsourcing platforms with test project accounts such as Kickstarter, Lulu, IndieGoGo. Consulting services such as MosaicHub, PeoplePerHour. Aforementioned solutions don’t blend social validation with targeted coaching services on specific parts of a business canvass. In addition, SoapBox’s API based social interaction allows for the identification of shared affiliations and common connections.
Team

Team

Ignatios: developer who can produce, release and maintain working software code. Marios: design driven multitasker, with sharp process skills acquired with lots of practice on the ground. Loukas: multilingual business strategist and inbound marketer, brilliant at pulling people in and messages out.
About You
Organization:
SoapBox App
About You
First Name

Loukas

Last Name

GERMANOS

About Your Project
Organization Name

SoapBox App

How long has your organization been operating?

Project
Organization Country

, Athens

Country where this project is creating social impact
What awards or honors has the project received?
Funding: How is your project financial supported?

Individuals, Businesses, Customers.

Supplemental
Partnerships: Tell us about your partnerships.