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Pet Startups and the PCIP - Shared screen with speaker view
Jay De Long
03:52
Hello everyone, it’s Dan Reus of the PCIP. We’ll be getting started in 5 minutes.
Jay De Long
04:02
If you have speci
Jay De Long
05:05
IF you have specific questions, please ask them in this chat thread as we are expecting a fair number of people and opening everyone’s audio up will probably cause problems.
Jay De Long
06:39
We’ll be starting in 3 minutes.
Jay De Long
07:43
IF you have specific questions, please ask them in this chat thread as we are expecting a fair number of people and opening everyone’s audio up will probably cause problems.
Jay De Long
08:05
Welcome, can you all hear me?
Jay DeLong
08:08
Hello Everyone!
Parag Dalvi
08:10
Hi
Clare Florentino
08:17
loud and clear
Katie
08:30
Yep!
jenisecarl
08:36
yes!
Julie Buzby
16:07
Have not, but intend to
Katie
16:16
Have not but intend to
Clare Florentino
16:19
not started.
Peter
16:21
We started our application.
ziema
17:08
not started
Parag Dalvi
18:01
I am not sure about the application form, but sure would like to
Nancy Hassel’s iPhone
25:40
hey Dan, is this just for start ups or also for pet businesses that are adding new products or services to their existing pet businesses? thinking of who this would be good to apply for my members of APP!
CatScapes
25:56
I have question about recommendations...
Parag Dalvi
27:45
What in case i dont have a company, i am an individual? am i still allowed
Jay DeLong
28:21
Nancy, et al., the competition is intended to provide benefit to emerging companies…if an older company is perceived to benefit from the Prize, that would be welcome. It seems like startups are the most obvious to benefit.
Clare Florentino
28:22
is there an application fee?
CatScapes
28:40
2a) Recommendations. Who / what are appropriate references for this. Should they be pet-industry related, friends who’ve known me a long time and seen my efforts developing this product and business, or co-workers at my day job?2b) What topics should they address? Perhaps a sample would be helpful if you have one.2c) The field on the online form is a little confusing to me. When I enter their email, will something be sent to them automatically? How do I submit more than one reference’s email? Will the field clear or another field appear once I’ve submitted the first one by hitting the “request” button?
Nancy Hassel’s iPhone
29:07
ok thank you-that helps with who I am thinking should apply
Jay DeLong
30:34
No fee for applying!
Clare Florentino
31:26
thanks Jay!
Clare Florentino
33:43
what if you don't have a team yet?
CatScapes
34:56
Another (and only other) question I had is: about Target Valuation. I do not know how to assess this from where we are, but I am required to enter a figure. What would you suggest I put there? Can I modify the figure when I have a more specific and accurate figure?
Jay DeLong
36:04
Team is one part, so is product differentiation and traction…these last ones can supersede any issues of a Team that still needs to be rounded out.
Peter
36:41
The FAQ says judging includes, "Traction, such as Revenue, i.e. showing $100,000 or more in annual revenue...". The term "i.e." used here indicates $100K+ is a requirement. Is that true? Or is the $100K revenue an example of traction, as opposed to a traction requirement? Sorry - not trying to be nit-picky. Just want to know if "i.e." is being used in the correct context here.
Jay DeLong
39:51
Great Question, Dan will address that Q in the end.
Peter
41:49
Super - thanks. If it helps: https://www.grammarly.com/blog/know-your-latin-i-e-vs-e-g/
Parag Dalvi
43:31
I am from Mumbai, india and an individual not a company. Is this open to all international countries or just for the USA citizens?
angelademaree
49:56
Can you better explain what “real revenue” is or is it strictly 100k+
CatScapes
50:48
But what if more than one recommendation…?
Julie Buzby
50:50
1. What do you consider “older/established” company? Can you give a time frame? < 10 years? < 5 years? < 1 Year?
Nancy Hassel’s iPhone
51:18
thanks! have a better idea now of who I can recommend to apply!
Nancy Hassel’s iPhone
51:24
gotta run!
Parag Dalvi
54:21
Alright thanks then since I am an individual and do not have any pet care business as yet, I would be not eligible. Thanks for your time Dan and Jay.
Clare Florentino
57:01
thank you so much for this! This was super helpful!
Peter
57:05
THANK YOU
Parag Dalvi
57:13
Guys, If you have time please check my idea https://www.patentauction.com/patent.php?nb=13841
Julie Buzby
57:13
Thank you!
Yale - Mella
57:13
Thank you!
Parag Dalvi
57:18
Thanks and Bye
CatScapes
57:20
Thanks!
Parag Dalvi
57:46
Bye