Wednesday, April 11, 2007

Prototype 80% ready

Hey All,

Now that I know some people are actually reading this thing I should update a little more frequently. The prototype is nearing completion. Overall I am quite happy with how it looks and functions. After observing people using it I think that we need to add a little more in the way of information sharing.

Unfortunately Facebook has cornered the market with information sharing and we don't want to create duplication (we don't compete with, we compliment facebook)so we really have to figure out what unique information people can share on bodbook that they don't share on facebook. Our focus for bodbook is in sharing information about social entertainment (movies, music, events, etc) therefore we would like to facilitate more information sharing between peers about that. If anyone has ideas feel free to leave comments.

On the business end, I met with an investor on Fri afternoon and asked for $500 000. That's right, I asked for half a million in investment. Asking for that kind of money could either get you laughed out of the office, or very quickly shows you how much others value your concept. Well, I didn't get laughed out of the office. The investor was very interested and had ideas on other investors who might also be interested in getting in on the deal. The investment process will likely take months so I won't count on a fat bank account for awhile, but I feel very confident that we will secure the money we are seeking and will have a very strong launch position.

I really look forward to the launch of the service. I really believe that what we are creating will appreciably improve the flow of information around the entertainment we share with our friends.

If any readers want to test the prototype email me at: ken.seville@gmail.com
The site is only optimized for Firefox right now (v.2 will go IE and Safari) so I recommend that you download FF for the test (besides FF is a much better browser :)

No comments: