Monthly Archives: May 2017

[Growth Case Study] Optimizing OddUp User Experience, the fintech startup who raised $6M USD

OddUp is one of the hottest startups in the Hong Kong FinTech Space. What it provides is a startup database including news, team members, performance and most importantly a “startup rating”. The startup rating is the core part of the project. It will indicate whether investors should buy, hold or sell the company.

Recently Oddup has raised $6M USD. I am very interested in analyzing how the service is different from AngelList and Crunchbase. For my personal interest, I used to research whether a startup will have a higher successful rate by checking the background information on the 2 websites.

According to the official website, OddUp focuses more on Asia region compared with AngelList and Crunchbase. It may help Asia investors to find out the next Unicorn much easier.

So I registered a free account to see if it’s useful for me, imagining myself as an investor of course. Below will be my analysis regarding UX and business viability.

UX

OddUp Home Page

OddUp Home Page

When I visited the home page, the message “Startup data and insights” is very clear. But I found the subheading “Get your startup rated and discovered by investors” is not aligned to the create account page.

Create account page

Create account page

OddUp - The Signup Form

OddUp – The Signup Form Step 1

OddUp – The Signup Form Step 2

The signup forms don’t have any problem. I can just select investor role & English. Then I successfully move to the finished page.

Move to the dashboard pop up

However, the “build your dashboard” button is not working. I can close the popup by clicking on the black space. (fixed at my 2nd trial: 25/5/2017 2:50 pm)

Select Category

After signing up, I can select the 3 categories I like. That’s great. I will just select Consume / Software App, Social Media and Enterprise Solutions.

 

Select companies I like

OK, Just pick the companies I like.

OddUp Dashboard

It will construct a dashboard for me. As I don’t know anything about these companies, It is strange to ask me to give ratings. Anyway, I will click on a startup to view details.

Fynd – Startup Profile

In the startup profile page, I found that there are more problems. It’s great to see that the information is consolidated on a dashboard. It saves my time to google it around. But the information can be found on AngelList and Crunchbase without opening a new account.

Another main problem is that I don’t know how it evaluates the performance of a startup. It may be better if I can know the Alexa and AppStore ranks are raising. At least I know that there are more users using the startup’s service.

The rating means not much for me. Does higher score mean the risk is lower or higher return or what?

Question

  1. I wonder if a startup can be rated similar to a public company. The transparency is much lower. Can it help me to capture a startup before the hockey stick growth appears?
  2. If the startup is pivoting, how can it be rated? Flickr and Slack were pivoted from games by the same co-founder, Stewart Butterfield. But the games failed. So it may be better for startups who have reached Product Market Fit (PMF)?
  3. Can the peer rating (buy, hold, sell) really indicate a good startup? If everyone is thinking the startup is good, it should be too late for angel investment.

Improvement

  1. It is great If it can help me to build up my investment portfolio instead of using a plain spreadsheet.
  2. More metrics like user number, monthly active users are preferred.

 

We’re waiting for you!

SillyCube provides On-demand Product Optimization service. Please contact sales@sillycube.com to know more about our service.

 

On-demand Product Manager

Announcing the On-demand Product Manager

On-demand Product Manager (“On-demand PM”) provides a professional technology advising service at a flexible cost.

SillyCube On-demand PM is the digital product manager for your company. The service is designed to help enterprises accelerate the process to explore new digital opportunities. In particular, the service will help customers to:

Define Product Strategy:

  1. Define scope of work for the initial prototype in a product specification
  2. Conduct technical feasibility research
  3. Evaluate vendors & execution management
  4. Quality assurance
  5. Planning on Go-to-market strategy and follow-up growth strategy
  6. Project hand over to new team

Optimize Existing Products:

  1. Conversion Optimization
  2. UX / UI Redesign
  3. Growth Strategy Planning
  4. User Behavior Study

It gives enterprises access to the professional, reliable, fast methodology to executive digital projects that technology startups have been adopting to capture market opportunities on their own. The service aims to maximize benefits of lean product development and to pass those benefits onto enterprises.

For more information, please contact sales@sillycube.com to know more about our service.

[Smart Case Study] How did SillyCube help our customer to capture the US firework market in the backyard?

SillyCube is very proud to develop an interesting Internet of Things (IoT) project, Titan Firefly – the Smart Fireworks Firing System for our customer. The app allows users to set up a customized firework show with an iPad device.

The project is divided into 2 parts:

  1. Bluetooth Hub (Electronics Design & Development, Bluetooth BLE firmware development)
    Users can light fireworks via 15 fuses. The hardware will receive commands via Bluetooth protocol.
  2. iPad Remote Control App (UX / UI Design, App Programming)
    Users can design an entire show with up to 15 fireworks and sync them to music. After setting, users can enjoy the show to play automatically.

* As firework lighting is illegal in Hong Kong, we only use matches for testing in the development process. Site testing is arranged by the customer.

The app has been successfully launched on Apple AppStore. We sincerely wish our customers will take over the yard for fireworks. If you are interested, please feel free to download it below (hardware required).

iPad App on AppStore: https://itunes.apple.com/hk/app/titan-firefly/id1217380616?mt=8&ign-mpt=uo%3D4

We’re waiting for you!

SillyCube provides IoT product development service. For more info, please contact sales@sillycube.com to know more about our service.