Traditionally, startup fundraising for entrepreneurs can be daunting. There are many options besides going the ‘Venture Capital’ route; crowdfunding, loans, grants and most recently ‘Initial Coin Offerings’.
Blockchain technology has enabled startups and entrepreneurs to raise investment without writing a line of code. The idea offers opportunities to investors to buy tokens or coins that can be easily sold and traded on cryptocurrency exchanges where there is demand for them. Although this has opened up opportunities for both rich and poor to invest in a “good idea” or startup. Pouring money into a project based on hype and marketing is not the wisest decision as an investor. Do you even know where the majority of the capital goes? White-papers are just words on paper without executing action.
Product development is important regardless of what industry it is. As an entrepreneur, the person is responsible for building a business - which means building a product or a service. Provenance Events aims to teach teams the product development cycle of blockchain technology. We work with companies in the industry to deliver the best practices and methodologies when it comes to product building and team collaboration.
Following the “Design Sprints” methodology from Jake Knapp, we’ve taken a twist by researching our own process and delivering to companies as a workshop to help them map out their blockchain ideas and turn it into the best product in the industry.
Knapp runs this sprint in one week: “On Monday, you’ll map out the problem and pick an important place to focus. On Tuesday, you’ll sketch competing solutions on paper. On Wednesday, you’ll make difficult decisions and turn your ideas into a testable hypothesis. On Thursday, you’ll hammer out a high-fidelity prototype. And on Friday, you’ll test it with real live humans”
Provenance Events will do this in one day.
“Design Thinking” as many people hear from the word is not just for ‘designers’. It is a process taken by successful companies in the blockchain industry to help their teams utilise elements like empathy and experimentation to arrive at innovative solutions. By using design thinking, you make decisions based on what future customers really want instead of relying only on historical data or making risky bets based on instinct instead of evidence.
Provenance Events’ ‘Design Thinking’ process help attendees transform the way organisations develop products, services, processes, and strategy. This approach brings together what is desirable from a human point of view with what is technologically feasible and economically viable. It also allows people who aren’t trained as designers to use creative tools to address a vast range of challenges.