Product Development Priorities

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

There are many features to add to a product and never enough resources to do all of them.

Consider these points in prioritizing your product development:

Look for lost sales to find high-priority features to work on.

Focus product development on customer requests.

Look at how the customer is solving their problem now with your product for potential features that would be helpful.

Test the customer’s desire for a feature by charging for it and then see who actually pays for it.

Investigate customer complaints about a missing feature before committing resources to it. 

Not every new feature will turn into a big jump in revenue, but collectively they can give the startup a competitive edge.

Avoid copying competitors and stay focused on your customer audience.

Don’t bet the entire startup on a single product launch.

Instead, roll out the features serially and test the customer’s response. 

In product development start with small steps and build out the product incrementally.

It’s best to underpromise and overdeliver. 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Thank you for joining your host Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
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On this episode of Investor Connect, Hall welcomes Yao Huang, Managing Partner at Division One Capital.

Located in Seattle, Washington, Division One Capital is a fund that provides capital to minority-owned businesses so they can grow and realize their potential. They exist to help minority communities, their people, and businesses prosper.

Every business, company, or brand needs capital in order to grow steadily and have a shot at reaching their highest ambitions, but the discriminatory system has created a gap of disadvantage for minorities. Division One Capital’s fund aims to fill that gap through non-discriminatory funding.

Yao is an investor and tech veteran with two decades of experience in technology, partnerships, and investing. She has founded companies, helped corporations launch new innovation initiatives, and venture partner in 2 funds. She leads a 16-year network of 10,000 women across 30 cities touching every corporation. She believes in minorities' and women’s access to capital in fairways and works to increase those funds in different ways.

Yao was named by Forbes as one of eleven women at the center of New York’s digital scene, by Beta Beat as one of 25 Women Driving New York’s Tech Scene, and TechWeek’s 100 most influential people in tech. She was part of the U.S. State Department Global Entrepreneurship Program Delegations in bringing entrepreneurship and initiatives to strategic countries.

Yao is a sought-after speaker in areas of building internet companies, technology, big data, innovation, and entrepreneurship. Yao and her efforts have been featured in Fortune, INC Magazine, Reuters, Daily News, Red Herring, Crains, American Venture, and TED. She is on the board of Carbon Optimum, a carbon sequestering company removing carbon and methane from polluting cement, oil, and gas plants. She has a particular passion for climate solutions to save the planet as well as helping entrepreneurs, women, and social causes with projects in place to build global communities, and push more women into executive positions. 

Yao shares what excites her now, advises startups and investors, and discusses some of the challenges associated with putting together the fund.

Visit Division One Capital at www.divisiononecapital.com; www.linkedin.com/company/division-one-capital/

Visit Yao at yao@divisiononepartner.com, yao@hatcheryny.com, and on LinkedIn at www.linkedin.com/in/yaohui;

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.