This Week in Startups

Building a consumer app's MVP and how to fundraise with Zest's Jake Gutstein | E1889

37 snips
Jan 31, 2024
Jake Gutstein, Co-founder and CEO of Zest, shares his insights on creating a cooking app that simplifies culinary learning. He discusses the journey from concept to MVP, emphasizing the importance of user feedback and finding the right technical co-founder. Fundraising strategies for first-time entrepreneurs take center stage as he reflects on the complexities of startup life. Jake also highlights innovative gamification techniques that make cooking engaging, akin to language learning, while detailing his experience in the Launch Accelerator program.
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ANECDOTE

Low-Tech MVP

  • Zest's initial MVP was a paid, custom meal plan delivered via Google Forms and Slides.
  • This low-tech approach helped gauge willingness to pay and refine their product idea.
ADVICE

Beware of Pity Purchases

  • Avoid "pity buys" when gathering product feedback.
  • These don't reflect real-world behavior and can lead to inaccurate product insights.
INSIGHT

Uncovering Latent Demand

  • Uncover demand by observing how people behave in the absence of your product.
  • Focus on the "when" moment—when someone decides they need the value your product offers.
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