3
14 Comments

I got the seed funding!

Hey everyone,

I'm super happy because I've had it confirmed that I'll be getting the seed funding to build my marketplace app!!

For years, I've seen local businesses around me struggle with their tech. It impacts all areas of their business, from the ordering process to triaging issues to keeping their customers informed of what's going on with their order.

The big guns, by which I mean national and international biz, roll in with their fancy apps sucking in all the customers with their snappy UIs and UXs, all the while small businesses, which are the backbone of my local community, local jobs, jobs with real ownership and connection, the variety on the high street, skilled jobs etc, suffer because they don't have the economies of scale.

My dream has been to bring together these small fish to be able to compete better with the big ones with a localised online marketplace. Strength in numbers. Collectively offering the varied and range that individuals can't. Giving them a killer UX, a really simple UX, because a lot of biz and customers aren't that tech-savvy. People like my mum, and thousands like her.

Back in March, because of the pandemic, I decided it was finally time to either give this project a shot or forget about it. I gave it a shot. I put my dream out there in a LinkedIn post. It got an amazing response. I got business owners contacting me to say what a great idea it was. I had investors ask me what stage it was as and trying to figure out an investment timeline. The local business owners connected me with others to pitch the idea to and help shape it, and they connected me with the town council. They loved it too and connected me with the district council. They, in turn, asked me to pitch it to them, which I did, and then ... nothing.

It went silent for weeks. Months. I follow up, and it's going through the machinations of decision making. These guys have a lot going on, but I thought that the moment had passed. But then, nearly three months on, I get an email. "Forrestedw, I've lost your phone number, can we meet tomorrow?". "Of course!" goes my reply.

That was about three weeks ago. Yesterday, I did my first pass of building up my stack. We're planning to soft-launch in mid-November. I'll be building this thing with a friend of mine, and we have plans agreed with the council to work closely with them and the business community for at least the next 12 months as we build it in beta, then soft launch, then develop it with our business and customer community, before firming it up and hard launching it sometime next year.

So, I just wanted to share my joy with you that the project, which I first thought of about 8 years ago, is on. I'll share the journey as I go along, now that I have something concrete to share. For me so far, the greatest learning has been that the right idea at the right time has its own energy. So many times in the past I have had my idea that I then had to push to get anywhere. Sometimes, that's fine. But it's a lot of work. This project feels special to me because it connects with other people's feelings and emotions, and it gives them a channel to translate frustration into a better business opportunity.

My role in this isn't to push it, it's to shape other people's ideas into a product that works. It has its own life. It's going to be a real journey, and I'm excited.

Peace and prosperity people.

on October 3, 2020
  1. 2

    Inspiring stuff, congratulations.

    1. 1

      Thank you. I'm really thrilled. I feel it's got such great potential, and I feel grateful to have the opportunity to build something out with the business community.

    1. 1

      Thank you my friend. It's been a long time coming, so feels kind of mad that it's actually happening. It's going to be a great learning journey now that I get to build it out. Doing it in consultation with all the local businesses is going to be really exciting as well.

  2. 2

    Hey, just wanted to say this is a very inspiring story and totally agree about the idea of right projects at the right time taking off. I used to do a lot of work with UK government and you did very well to actually get them to engage and believe it or not... three months is a fast timeline for them to respond! I spent three years slaving away on an idea and got nowhere so I know what its like to put in a lot of effort for no results so its heartening to see that it is possible.

    I've had a few thoughts about local business IT and I think its a very worthy goal. Small businesses in this time of crisis have proven themselves to be much more agile than larger businesses and for a while, buying local went through the roof which I very much support.

    Maybe there is also a 'buying local' angle?

    1. 1

      Thank you, your encouragement is what helps be keep following the thread.

      Yeah, British (or every?!) government have pretty heavy procurement processes, so I'm thrilled that it's going ahead in this way.

      I'm totally with you on the "buying local" angle. People want to do it, but life is demanding and it's easier to get it all in one place from the larger businesses. This project is about making it easier and more rewarding to buy from the small, agile businesses.

      It would have been good to ride the wave of people buying local with the first lockdown, but I suspect similar will happen when the second round comes and I feel that people's desire to think locally, act locally, will only increase for some time to come.

      What was your idea that didn't get anywhere? There's always so many of those, until the right place right time comes along!

      1. 1

        It was a Choose Your Own Adventure builder platform with some low code features and picture uploads etc. In a Venn diagram they live between stories ( possibly not interactive enough) and Computer Games ( not enough story focus and 100 hrs of fetch questing is not useful way for adults to spend precious time)

        I didn't know anything about Lean Start Up methodology or Agile at the time so I wallowed in development hell trying to make it perfect and in the end I just burned out.

        1. 1

          Ah too bad. Literally the quote that came up as this page was loading was something like "don't write a line of code until your idea has been validated". Having done the burn out thing myself too, I would agree with that!

          1. 1

            I've legally changed my middle names to "validate first" ;-)

  3. 2

    What are you building?

    1. 1

      A marketplace that that specialises on localisation with a niche of local independent sellers. It's like an Etsy for my local community of approx 120k people. Log on and do your weekly shop like you can from the big retailers like Walmart, but it all comes from small independent businesses around you.

      We have a strong tourist industry as well so, at a later phase, we'll integrate things like being able to choose to have a delivery of local food to your self-catering when you book your accommodation.

      1. 1

        Thats a big project! Congrats!

        1. 1

          Thank you! I'm keeping the scope really contained and manageable for now, and will grow it out based on my conversations with the business community. This is for them. I have a seed of an idea of what could work, and what's technically possible, but I'm excited to see what we create together.