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Nandha Reddy
Co-Founder & CSO @Me...ย โขย 3m
I know this might be an unpopular opinion, but hereโs my take on the updated Medial Showcase prize distribution. should have given a heads up before conducting the showcase ๐ . (implement atleast from next month). From Medialโs Perspective: 1. Rewarding the top 25 startups for their effort in gathering votes is fair and acknowledges their hard work. 2. The goal of onboarding more users is understandable, but relying on the top 25 for this could lead to an increase in fake votesโsomething that has happened before. This adds unnecessary chaos and creates an extra burden to validate the results. Regarding the Prize Distribution: The current โน15K, โน10K, โน5K, and โน1K prizes arenโt impactful enough to help startups in a meaningful way. These amounts wonโt significantly contribute to hiring a designer, building an MVP, or any real progress. The previous prize structure provided a better opportunity for founders to utilize the funds effectively. Suggestions for Improvement: 1. Prioritize quality over quantityโEncourage meaningful feedback and introduce filters for domain-specific startups. 2. Revert to the previous prize distribution while offering books or resources as a token of appreciation for the top 25. The cost for this could be covered by slightly increasing the premium price (โน150-โน200). This way, founders still gain valuable exposure, VC attention, and constructive audience feedback. Niket Raj Dwivedi Harsh Dwivedi Would love to hear more thoughts on this!
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