In just a few short hours, the Startup Weekend teams will be pitching their new companies. The judges will be instructed to evaluate each company on specific Startup Weekend criteria.
The Startup Weekend judging criteria is broken up into three sections. Teams are judged according to the following 3 criteria (weighted equally):
- Business Model
- How does the team plan on making this a successful business? Have they thought about (either solved or identified problems) competition, how to scale, acquiring customers, their revenue model etc?
- Customer Validation
- Are teams building something that people actually want? How well does the team understand their customer and their customer’s needs. Did the team get out and talk to customers? What is the value proposition to customers?
- Execution & Design
- Have they established a “Minimal Viable Product” for the weekend (software, hardware, etc.)? *Note: an MVP is the minimum set of features to be able to start collecting data. Does it deliver a compelling and captivating user experience? Were they able to demo something functional?
Best of luck to all teams pitching tonight! Remember, Startup Weekend is less of a competition and more of an experience. It’s not about winning or losing tonight, it’s about the things you’ve learned, the people you’ve met, and the other intangibles that go along with the Weekend.