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Niket Raj Dwivedi
ย โขย
Medialย โขย 2m
Medial's Startup Showcase (Feb 2025)- Pitch your ideas, get constructive feedback and win upto Rs. 52,000! February's startup Showcase is now live and it's different! See the rocket button in the middle of the bottom nav bar and then click on the pen button on right bottom to submit your idea. You'll need a logo, a name, what is your problem statement and solution, list down your progress if any and then submit! You also need to be a Premium Member to participate in the Showcase. This has been done to avoid spammy ideas and only entertain serious ones. You get to stand a chance to win Rs. 52,000 with a premium membership of just Rs. 99! After submission people will vote on your idea and the top 25 upvoted ideas will proceed to the next round. A real Venture Capital investor will select top 3 winners out of top 25 ideas. The next 22 will win as qualifying ideas due to upvoting. Winners - 1st prize- Rs. 15,000. 2nd prize- Rs. 10,000 and 3rd Prize- Rs. 5,000 and next 22 will get Rs. 1,000 each. NOTE - Multiple ideas from the same person won't win. One person only wins once in a month. Rules and regulations- 1. Submit your idea. Should be original. 2. Do not get fake upvotes or create fake profiles to get upvotes- you'll be disqualified. 3. You can submit your idea from last Showcase if you didnโt win. 4. You can submit upto 5 ideas max in a single showcase. 5. Multiple ideas from the same applicant won't win. Only one win would be considered. Additionally for more weightage you can- 5. Share that you are participating on Linkedin and Twitter and invite two friends to submit their ideas (Optional) *(Proof of linkedin and twitter share link should be added on ideas comment section, and the two referred friends who submitted their to comment on their idea that were referred by you) Remember, someone will win and someone will lose. Canva was rejected 100 times before becoming a unicorn. After the results are out, donโt feel bad if you donโt win. Do this for feedback and not just winning. Respect the judgeโs decision. I hope the best idea wins and even if you don't, you'll get valuable feedback from users. Let the brainstorming begin!
Replies (55)
Chamarti Sreekar
Passionate about Pos...ย โขย 2m
Genius move by Medial๐ฐ๐คโhereโs why: They cut the top 3 prizes in half, saving 30k. They spent 22k on other qualifying ideas. In total, they saved 8k. what will happen: Winning the 1k prize is very easyโjust get upvotes, no matter how good the idea is. This leads to people spamming for upvotes. With low effort needed, many can win, but only premium users can participate fully, so Medial earns more money Benefits for Medial: 1. They make more money. 2. There is more participation and engagement, which brings extra money and free marketing on other platforms. Downsides: People might spam the messages of non-premium users to get upvotes. The focus shifts from building great products and startups to just winning the contest. This causes a poor user experience and unnecessary chaos. What Could Have Been Done Better: Keep the top 3 prize money the same. Instead, choose 7 more ideas for a top 10 list and give each a 1k prize, chosen by VCs ,these ideas would be from the rest of the top 22. In the end, Medial makes money and more users win, so theyโre happy , but the downside count Niket Raj Dwivedi ik you guys are trying some experiments , tbh it's a bad one
Kunal sapkal
A Machine Learning E...ย โขย 2m
Hey Niket Raj Dwivedi this eventually looks a bit towards marketing. Well it's good that you are trying to keep the users engaged. And it's fair to have such strategies just wanna suggest few things , 1. try not to select 25 ideas based on upvotes. If the idea is really good then it must be selected. 2. Also consider the comments and the answer to the comments of ideas while giving prizes because people asking questions and the person answering clears the idea more thoroughly. 3. If possible try to give suggestions to ideas that are worth . Maybe this could create a new startup , you few suggestions would boost his/her thought of this startup(You or your team or even VC if possible could give suggestions to ideas). I think this will really help new people to boost their thinking about startups. Medial would probably be hub for startups in future. Just suggesting. Also thanks for such an amazing platform ๐
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