[jobtransit] Re: Specs

  • From: "Sam Talaie" <stalaie@xxxxxxxxx>
  • To: jobtransit@xxxxxxxxxxxxx
  • Date: Sat, 2 Feb 2008 18:03:31 -0800

Hey,

I don't have any personal experience.  I've taken some
entrepreneurship courses both in undergrad and here at ucla.  I'm also
seeing how people at my company and how a couple other people in know
(one from ucla, @kevin: remember Ryan, the surfer guy who was in the
crypto group, he is starting one).  Certain projects might need some
chunk of funding due to their initial costs (programmers, services,
lawyers, etc.) prior to really developing anything.  I know that there
are different rounds of funding and that usually it starts with angel
investors who front the very initial costs so develop, before the
company has something to approach VCs with (i.e. a working prototype).

To do things right and have a good system it's usually a good idea to
bring on somebody with tons of experience (+5yrs) to help architect
the system.  I have no doubt about our technical skills, but having
someone with technical skills as well as business experience to help
us define the product and maket it to VC's is not a bad idea.  For
example, my friend who started a company brought on a former Berkeley
prof turned entrepreneur as cofounder.  I am not saying we need
someone of that caliber, but we should approach it somewhat like this
so we don't get compeletely ignored or taken advantage of when we go
to get funding.

I also think we'll need more money than usual due to the application.
Video is gonna require lots of bandwidth and perhaps storage (we will
probably want to allow users to save previous interviews or download
them or something).

Anyway, just some thoughts I had today as I watch everyone around me
do a startup.  We should jump on this though before somebody beats us
to the punch. (i think that's the right idiom).

-sam


On Feb 2, 2008 4:58 PM, Jonathan Laird <jlaird@xxxxxxxxx> wrote:
> Whether or not this is the best path to take, I think Sam has a good point
> in spec-ing out one of the lower hanging fruits to see how it looks.  We
> won't know till we try.
>
> Sam - It sounds like you have some experience with this - since you know
> about approaching a lawyer and Venture Capitol Firms..?  What else have you
> done in the past?
>
> I guess I should resume working on the business plan since that's also
> equally important...
>
> Jonathan
>
>
>
> On Feb 2, 2008 3:55 PM, Sam Talaie <stalaie@xxxxxxxxx> wrote:
>
> > Hey guys,
> >
> > What do you say we start a specs doc?  I think the lowest hanging
> > fruit right now is the video interview portal.  I've seen 3 people I
> > know recently do startups.  I think if we can hammer out the specs and
> > get the idea down, we can approach a lawyer and some VC's.
> >
> > -sam
> >
> >
>
>

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