Reviewee and reviewer teams: Listen carefully and take notes
Consider:
Effort/Seriousness of purpose. How well is the team thinking in a Lean Startup way. Are they going to be able to develop the idea to a real business plan? Can you see the effort put into it? How well is their presentation in the actual document>
Product How carefully is the team thinking about the product? How can their product be improved? How plausible is the concept? Try not to focus only on little details. Is there a pivot, scale up or down or any other kind of pivot?
Prospects: How realistic is this product. Can you see an angel investor putting in $100K to fund it’s initial development and prototype? How would it do on Kickstarter? Can you imagine a persuasive video for it? How would it do on Sharktank?
Take 30 minutes; Feel free to leave the room for your meetings.
Make sure you capture a response to each of the 3 considerations above and include a grade with it.
Homework for next class will be:
A write up of how you assessed the three considerations of the other team’s product.
A write up summarizing what the other team and you heard in terms of feedback about your product.