Startup Projects Background

Overview

GlobeJotr is a location-centric social network that gives your thoughts, ideas and creations a global audience. Anyone with a global interest can virtually navigate GlobeJotr’s worldmap and see what everyday people – just like you – are posting. It could be the first murmurs of revolution in the far east, local graffiti pictures in Bucharest or even wild nightlife reviews in Cape Town. Users can follow countries and cities (as well as topics and people) to see what’s trending in places they’re interested in, and newsfeeds can be customised by selecting various labels such as Sports, Lifestyle or Business.

To see a presentation explaining the concept, google ‘globejotr slideshare’.

At present we’re at the customer development phase, trying to find the best product and market fit. As a founder I have one previous exit and I’m familiar with the London tech startup scene, having worked in Biz Dev in 2 other rapidly growing startups.

GlobeJotr needs funds. If you’re an interested Angel/accelerator, get in touch.

Created 02/18/2014 at 08:18 PM by ridwan in Social Networking Sites

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Comments (5)

what do you need the funds for?

00 - Report abuse   February 25, 2014 at 2:55 pm by Anthony Flynn

We’re heavily optimising our marketing funnel and need to conduct A/B testing on various changes we want to implement in order to increase user engagement and retention. These changes require development costs.

Once our marketing funnel is optimised we need to market GlobeJotr and we have various campaigns in the pipeline to do this – this also requires funds.

About 60% of digital content is access by mobile users and we need to develop an app, which also needs money.

We’re in need of something between £40-100k for this round.

00 - Report abuse   February 25, 2014 at 4:49 pm by ridwan

Thats a lot of money for a startup. There is a lot of potential for growth however.

I would say two things

1) Create a crowdfunding campaign because then you won’t have a large investor (if you find one) calling all of the shots and ending up with something you didn’t want and a project like this has to be run in a very authoritarian manner otherwise it simply won’t work.

2) 40k to 100k is a massive gulf in what you need. If you have done the research then surely you could have a more accurate figure. I would look at http://www.freelancer.com when creating the app, you will save money this way.

I like the idea btw.

00 - Report abuse   February 25, 2014 at 9:41 pm by Anthony Flynn

Thanks for the feedback – crowdfunding is something we’re considering, alongside getting in to accelerators etc.

The large gulf in our funding requirements is based on different needs: the lower end of the figure would cover our initial development costs, optimising the marketing funnel and creating a mobile app (around 60% of digital content viewers are mobile users so this is important). The upper end would enable us to hire dedicated UI/UX folk, conduct thorough testing on a lot of the data API we’re looking into and to reach out and create growth partnerships, all with marketing in the background.

Really appreciate your comments, I’ll shoot you an email offline.

00 - Report abuse   February 25, 2014 at 10:57 pm by ridwan

Did Anthony give you any money ridwan? He has invested in the past but this would be a real risk. I love the idea though, the danger is a bigger rival adapting and creating something similar (adding it on to their own site I mean).

00 - Report abuse   March 3, 2014 at 11:04 pm by HHH

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