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DueDash: Revolutionizing Startup Fundraising with IoT
Technology Category
- Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries
- Cement
Use Cases
- Time Sensitive Networking
The Challenge
The founders of DueDash, an online startup fundraising community, faced a significant challenge in their journey to establish a platform that would connect startups with experienced professionals and investors. The primary issue was the lack of a team and resources to build a Minimum Viable Product (MVP) that could test the market. They initially used different block building systems, but this approach was time-consuming and inefficient. Another significant challenge was the inherent trust issues associated with online marketplaces. The founders understood that trust was a crucial factor for the success of their platform, but building this trust was more challenging in an online environment compared to offline engagements.
About The Customer
DueDash primarily serves startups looking for resources, connections, and knowledge to help raise funds. The platform provides these startups with access to experienced professionals who can offer their services to the market. It also connects startups with investors, guiding them through the due diligence process to secure the funding they need. In addition to startups, DueDash also serves experts and investors, providing them with visibility and access to a community of startups that need their services and investment. The platform aims to be the go-to source for startup founders looking for relevant sources for fundraising and startup services.
The Solution
The solution to these challenges came in the form of DueDash, a platform designed to help startups scale and grow by connecting them with experienced professionals and investors. The founders used the concept of 'bricolage', combining their diverse resources to create better outcomes. They also focused on building trust within their online marketplace, understanding that this was a critical factor for its success. To overcome the trust limitations associated with online dealings, they worked on creating a platform that was transparent and reliable. The DueDash marketplace is an extension of the DueDash community platform, providing visibility and access to a community of experts and investors. The platform also leverages data to optimize the process of selection, ensuring that startups are matched with the right experts and investors.
Operational Impact
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