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Posts: 1,048 | Thanked: 979 times | Joined on Mar 2008 @ SF Bay Area
#44
Originally Posted by davidnjohnson View Post
Both me and my business partner already have started our own successful business. So no this isn't our first business venture and they also serve as our source of income. Um if i understand your Angel fund question, you mean who is going to order a product that they write a check for and then get delivered? If thats the case then we have two people. To having atleast one experienced geek, the technical expert of our foundation,... well from my business partner's point of view LOLZ that was me.... ... and to any average person I am very experienced with computers but TRUSSSST ME, i knowwwwwww, i have a veryyy veryy long ways to go before I know a lot about computers as far as concerned as people who know a lot about computers are concerned. but i know just from my personality and my ability to work with computers and the knowledge i do have from working on hardware and learning programming that I am very capable of being an asset to this project..just have to buckle down and figure my s**t out asap cuz things are changing fast. As for marketing and all the related questions, our two contacts.. well if they like the prototype then one of them wants 100,000 and the other will buy thousands at a time more or less depending on how his stores do. They will handle any marketing and distribution and all that. All we have to do is show them a prototype they like and sell them the product. Theyre both self-made multimillionaires and family friends of my business partner.

And thank you for those two links I am going to check them out now

EDIT: Dude thank you very much for those two links. I think I will be able to learn a lot from what beagleboard has done to achieve the success they have. And as for meego being ported to it, it looks like the notes on how it was done will be very useful for me considering what might be involved in getting meego or any OS ported to the device I build. Thanks a lot bud.
Angel = Angel investor = the family and friends who are willing to loan money to you out of the goodness of their hearts... ergo: Angel.

You said you're targeting low income people. You do realize that the profit margins are going to be exceedingly low? Most companies I've heard who go in that direction tend to have multiple offerings at different price points - at least one of them targeting the luxury market. Plus you need to have a lot more customers if you want to depend on the economies of scale.
Case in point: Tesla Motors.

Beagleboard is now one of the older prototyping products out there. Thats bad because it's hardware is dated, but it's good because there is a LOT of support around it. I'd use it only as a reference and not as the basis of your product. On the other hand, if you want to get to market quickly, then it may suit your purposes.

What's your USP? Why would I (as a low income person) chose your tablet over say "food on the table"?

I'm sorry if some of my questions are harsh, but if you cannot convince a geek, you sure as hell cannot convince a VC or a customer.
I'd also recommend the "spouse test". Every time I've gotten an idea, I run it by her and she shows me all the gaping holes in my logic or plan.
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