If you missed the first and second episodes with thoughtbot Incubator Program partcipant and founder Josh Herzig-Marks of Knect, you can listen to Josh's first episode (https://www.giantrobots.fm/incubators3e1josh) and his second (https://www.giantrobots.fm/s3e3incubatorjosh) to catch up.
In the third interview with Josh, Lindsey Christensen, head of Marketing at thoughtbot, and Jordyn Bonds, head of the Incubator Program at thoughtbot, discuss the progress of Knect in the thoughtbot Incubator Program. Most of the conversation involves identifying and focusing on the right target audience. Initially, they considered startup enthusiasts, but after exploring other segments like journalists, they returned to startup enthusiasts with a more refined focus. Josh also talks about developing a prototype and its usefulness in getting feedback and refining the product concept.
The technical feasibility of integrating various communication platforms into their solution is a significant focus. They examined different platforms like email, LinkedIn, WhatsApp, Telegram, and SMS to determine which integrations were essential for the minimum viable product. Looking forward, Josh outlines the next steps for the program, which include finalizing high-quality prototypes and making strategic decisions about the scale and funding of the project.
Transcript:
LINDSEY: Hi, everyone.
JORDYN: Hi.
LINDSEY: Thanks for tuning in and joining. We're going to be checking in on one of our incubator program participants today. If you haven't joined us before, thoughtbot runs a startup incubator, about an eight-week program for the early, early, early-stage company, idea, founder project to validate that business, find the market, and start thinking about how you build that thing.
So my name is Lindsey Christensen. I head up Marketing here at thoughtbot. And today, I am joined by Jordyn Bonds, who heads up the incubator program at thoughtbot. And our guest of honor checking in once again, Josh Herzig-Marks, Founder of Knect, the company going through the program. Thanks for joining.
JOSH: Super excited. I'm always excited.
LINDSEY: How's it going? How is your founder sentiment this week?
JOSH: This --
LINDSEY: Are you on a high? Are you on a low?
JOSH: I don't think I'm on a typically high-high. I'm a pretty even-keeled, chill founder. I think it's appropriately enthusiastic but not excessively so, and definitely not at a low trough.
LINDSEY: All right, even-keeled. We love to [crosstalk 01:19].
JOSH: Appropriately enthusiastic because we're doing really cool stuff. And this is a lot of fun.
LINDSEY: Well, that's great. So, I mean, [inaudible 01:25] that you're working on and especially the last time I checked in with you in the really early stages, trying to find that target niche audience or invalidate, like, the problem with them. How is that going? How's that search for the people with the problem going?
JOSH: Yeah. So just to, like, rewind the clock for the folks who maybe haven't seen every one of these, you know, there's a few things that I was trying to figure out to validate whether this problem that I saw was an opportunity for business. And, Jordyn, help me out if I forget some of these.
So, number one, is this a Josh problem, or is this problem more broad? Question number two is, could we find an audience of people who are reachable, who share the problem, and who'd be willing to actually pay for this thing? And those little asterisks after pay, right? People pay for things with money but also with time or with reputation. Generally, we're thinking about money here, ultimately. But do they pay for this thing even in time? Would they be able to do that?
And the reason we're looking for that kind of a more narrow audience is because you got to build for somebody in the very beginning. This isn't, like, we're limiting ourselves to a narrow audience forever, but we wanted a set of people who we could design this thing for, have prototypes, share it, an