QuickMVP Startup Competition Summer Startup Competition

Test your business idea in 5 minutes. The best ideas will earn mentorship, international exposure, and a $5,000 investment from RightVentures.

Show Me How Submit Results

How It Works

1

Sign Up for QuickMVP

Sign up for QuickMVP and join our Google Plus Community.

2

Test Your Idea(s)

Everyone has an idea. So why not take 5 minutes to test it with QuickMVP? Only your target customers can tell you if it's a good idea or not.

3

Submit Your Results

Use QuickMVP to get answers to the four judging criteria below and submit them by September 30, 2014, 11:59 PM EST.

Judging Criteria

All ideas qualify and are judged on four simple, quantitative criteria. The winners will be the most viable business ideas. When you sign-up for QuickMVP we teach you step-by-step how to answer these questions.

How big is the problem?

Interview your customers and use our Problem Interview Scoring Sheet to quantify the problem.

How much will customers pay for your solution?

Validate your price point with QuickMVP.

How much does it cost to acquire each customer?

Calculate your customer acquisition cost (CAC) through the Google Ad you create with QuickMVP.

How big is the market?

Calculate your market size based on Google search volume and your ad's conversion rate.

Prizes

1st Place

$5,000

Investment from RightVentures

Top 3

5 Hours

Intensive Coaching with Javelin CEO Trevor Owens

Top 5

2 FREE Tickets

to Lean Startup Machine ($600 value)

Top 30

2 FREE Months

of QuickMVP ($60 value)

Why are we doing this?

A note from Jonathan Siegel, Founding Partner of RightVentures

I can’t draw, write or sculpt—but working on a new idea is the most creative time I spend in my life. I get so much enjoyment from it, that I’d do it for free—and most of my ideas don’t actually make money—so I suppose it’s working as expected. But I’ve found that there’s a secondary reward that follows the creative burst—it’s seeing the idea come to life. Not just as a realized product or service, but actually seeing happy customers—and changing the way they live their lives.

Unfortunately, for most of my time as an entrepreneur I focused on turning my idea into reality before engaging my future customers. I’d build a website with a great billing system and never have any credit cards to bill.

I’ve learned now that money spent on an idea before you’ve engaged your customers is money poorly spent. And the no-brainer way to build a business that survives from idea to happy customers is to go find the happy customers before you spend R&D money on what you’re actually selling. This should sound a bit backwards to you—because it is. But in the age of the internet customer—most products are first evaluated from a website, not from the product itself. So building that product website first will show you whether customers want the product at an infinitesimally small fraction of the cost.

With this in mind, I’m putting my money where my mouth is—and offering an investment to the best overall performance of a product or service validated through early customer engagement. Thanks to QuickMVP, anyone can take up my offer and start making quick and simple customer engagement tests. So signup here and enjoy taking the next step in your new business!

RightVentures is an investor in Heroku, Intercom, and many other great companies. (full portfolio)

Enter the Competition

Sign Up for QuickMVP

Then, join the Online Community