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Nandha Reddy

Stealth • 7d

I know this might be an unpopular opinion, but here’s my take on the updated Medial Showcase prize distribution. should have given a heads up before conducting the showcase 😅. (implement atleast from next month). From Medial’s 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 votes—something that has happened before. This adds unnecessary chaos and creates an extra burden to validate the results. Regarding the Prize Distribution: The current ₹15K, ₹10K, ₹5K, and ₹1K prizes aren’t impactful enough to help startups in a meaningful way. These amounts won’t 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 quantity—Encourage 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 (₹150-₹200). 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!

5 replies4 likes

Replies (5)

Ronak Patel

Stealth • 7d

Agree with your opinion

1 replies1 like

PRATHAM

Stealth • 7d

Totally agreed 💯 Also imo there should be a multi factor winner decider like First being Judge , Second Community's acknowledgement towards the selected top ideas

1 replies2 likes

Niket Raj Dwivedi
•

Medial • 7d

Noted!

0 replies3 likes

Recommendations from Medial

Niket Raj Dwivedi
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Medial • 3m

Announcing the judge for Medial's Startup Showcase for October 2024- Manik Gruver from Shastra VC! He'll be selecting top 3 startups from the top 25 upvoted startups. Results will be out tomorrow!

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Atul Loona

Stealth • 19d

Will the top 25 get anything.? this is not for sake just asking generally

1 replies4 likes

Rishi Chavan

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Received the giveaway prize Team Medial! Thanks for this amazing book!

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Karan Sahu

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Young nerds, techies, and entrepreneur freaks, this is a call for you. Pitch and get a chance to learn with top people. Requirements: Age 13-18 Prize: 20k for the winner in each category, 10k for the runners-up, and the invaluable opportunity to n

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Anonymous

Stealth • 2m

I have decided on some crazy thing I'll join the showcase of this month by 25 and will try my best to get on the top 25 another crazy idea 💡😜

3 replies8 likes

yesu raju

Stealth • 1m

It sounds like you have an interesting idea for a competition tournament app, where users pay an entry fee to participate, and prizes are awarded based on rankings. To attract investors, you'll need to clearly communicate key aspects of your idea. He

2 replies3 likes

Anonymous

Stealth • 7m

Gaurav Munjal’s Duolingo clone came 10th on Product Hunt (total like 20-30 listed products) 💀 What’s the use of distribution when no one votes for you 🤣

5 replies14 likes

Anonymous
•

Medial • 21d

Are the showcase winners working on their idea after winning the prize, or was it just for the prize?

2 replies6 likes

Anonymous

Stealth • 2m

😞Niket and Harsh can you tell me one thing ? 🤷 If a person posts 4-5 ideas, and all their ideas appear in the top 25, they get 4-5 chances of winning. On the other hand, someone posting only one idea gets just one chance. Moreover, people posting