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Chat-roulette app between investors and startups

Image credit: Dylan Ferreira / unsplash.com

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Antonio Carusillo
Antonio Carusillo Oct 10, 2020
A Chat-roulette (speed dating) app to match random investors with random startup pitchers for 30 seconds per pair.

Even if your business idea is great, without the required funding (people, resources, etc) you can't easily get it off the ground. Chances are you will need an investor.

The so-called elevator-pitch refers to a situation in which you, the creative mind, have just a few moments (as long as the elevator ride takes) to explain to the investor why your idea is worthy of their investment.

The point of an elevator pitch is to make the presentation as short and concise as possible. According to the Idaho Business Review, the first two sentences of any elevator pitch are the most important and should hook or grab the attention of the listener.

How about a business-oriented Chat-roulette app. You can register as a creator or as an investor. You can apply some filters at the beginning such as:
  • field of interest
  • type of product you are looking for/ offering
  • even the specific names of a company you are targeting
At this point the roulette starts spinning and when the creator is connected to the investor a 30 seconds countdown starts. The creator has 30 seconds (maybe you can add a pre-filter where you choose how much time the investor will be willing to listen to an idea). If successful the investor can decide to stop the countdown and they can chat/ call for a further discussion. Otherwise, after the 30 seconds are up, the roulette spins again and a new pair gets connected.

I was thinking that because of the COVID-19 situation there aren't enough moments of running into amazing people by chance. This has the potential to bring some luck to both sides while being fun at the same time.
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Spook Louw
Spook Louw Apr 13, 2021
I love this. Perhaps it could be approached more like Tinder rather than speed dating though. The idea of making a serious business pitch or decision with a time constraint may not be attractive to everyone. If you turn it into a "matching" app, startups can concentrate on presentation and potential investors can take their time to come to a decision.

This could be a great catalogue for people who are looking to invest in something but don't know where to begin as well as a powerful tool for startups to gather the funds they need for their product.

So it could be like a crowdfunding platform, but instead of searching for a specific cause you'd like to support, or startups having to beg for money on every media outlet they can, investors can leisurely scroll through ideas and donate/invest wherever they want.

The app could then also act as a contract between investors and startups, once a transaction has been done via the app it would be legally binding for both parties.
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Daami A.
Daami A.4 days ago
I totally agree with you!

This is cool!

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General comments

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Udruga Mladih UMNO
Udruga Mladih UMNO10 months ago
There should definitely be credits or stars to rate the investors and inventors.
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Darko Savic
Darko Savic10 months ago
Getting such an app off the ground would not be easy. Ideally, it would be backed by a strong VC firm with many partners who would make it interesting for the founders.
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Udruga Mladih UMNO
Udruga Mladih UMNO10 months ago
I strongly disagree to 30 seconds time limit. Hello, my name is Robert, i am inventor from Croatia... bzzz.... your time is up. Way to little time. I strongly aprove the idea, and maybe it should havemore options like inventor to inventor , investor to investor. Also, it would be great to make categories to stop endless switching. Make it a local thong. Like very very specific categories.
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J
Juran10 months ago
I support the idea, for the same reasons Darko mentioned. What I am interested in is would it be a live chat, or pre-recorded videos up to 30s?
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Darko Savic
Darko Savic10 months ago
I like the idea od several levels: people love gambling, entrepreneurs can practice pitching, investors can use this the same way kids use tik-tok (the next cool thing is just around the corner).