Borentra at DemoCamp16
So what was in our demo? I've thought about this a lot over the past week while preparing for this DemoCamp and I realized that 5 minutes isn't enough for all of the amazing features on Borentra. Things that were in the demo:
- What problem we're trying to solve (people have things they barely ever use that they can make money off of, and people would rather borrow/rent/trade than buy: access over ownership)
- What our current traction metrics (100%+ growth month over month for the last 3 months) since we started in July 2013
- Logging in through Facebook with one click
- Being able to use quickly see what's going on around you (activity stream of people putting things they have, things they want, things people are borrowing, renting, or trading nearby)
- Being able to quickly and easily add things you want and things you have (adding Halloween costumes or power tools that I have or want)
- Being able to borrow items from people (demo: borrowing an XBOX360 from someone nearby)
- Being able to trade items with people (demo: trading a BMW for a Tesla Model S)
- Recap of what our vision is, the problems we're solving, and our current traction
After demo'ing, I was asked the following questions (from what I could remember):
- how do you make money? peer to peer rental via Stripe integration, if someone wants to rent my car for $50 for the weekend, the platform takes a cut off that transaction
- how do you deal with someone not returning an item? we're a facilitator of borrowing, rent, trade but we intend to work with legal and insurance entities to ensure that we provide an utmost amazing customer experience -- there shouldn't be any barriers to borrowing, trading, or renting.
- how many transactions are happening right now? We've done about 50 or so since we started 3 months ago
- how do we handle digital software like XBOXONE or Steam? We've been heavily focused on physical objects
Other presentations were
OrangeDox presented a really awesome way of tracking your cloud-based documents (the example shown as off of Dropbox). As part of the demo, they created a shared link, had people visit it, and projected the real-time analytics around who was viewing the document. OrangeDox looked really well polished!
GIVE did a brilliant presentation -- a really beautiful and elegant product that makes it easy for anyone to easily support music artists. This is a huge initiative as the GIVE team would say, "everyone loves music" -- how can we as people step forward and motivate music artists to keep putting out amazing music? GIVE provides a platform that makes it super simple to donate to your favourite music artists and their monetization strategy revolves around taking a small cut from each donation transaction.
Ganesh did a fantastic presentation showcasing Silota, an elastic search as a service (ESaaS). One of the neat things I see here is that any site that requires search (items, profiles, etc) can easily leverage the power of Elastic Search without having to worry about the infrastructure. Additionally, after talking with Ganesh, he mentioned that he had several mechanisms in place that decrease the latency of all search queries. Also, he mentioned that most other competitors don't have authentication around elastic search -- where as Silota makes it easy to search with authentication tokens (read and write).
The MySkillBase team did a great job of presenting a very elegant solution to gamifying resumes and making things easy -- I am looking at this from the perspective of "if I was a retail guy looking for a job" -- not as a programmer. I always tweet on Twitter about the art of connecting people with employers in non-technology verticals being a huge process-heavy task but I do think they are on to something by simplifying every aspect of recruitment.
The winner by vote was GIVE -- they did a fantastic job of building up a great platform to support music artists!
Overall, I had an amazing time at Vancouver DemoCamp16. I highly recommend it to anyone who wants to start their own product, meet other passionate entrepreneurs, and be a part of Vancouver's vibrant technology/startup scene.
Be sure to join the Sharing Economy on Borentra - Borrow, Rent, Trade!