By Murray Hurps, Feedback Fast co-founder
Elevator Pitch: Feedback Fast provides a way to simultaneously record your pitch and the entire audience’s feelings towards it, so that your pitch can be improved in the future.
Product/Service Description
Feedback Fast is an app for iOS that records a video of your presentation, and gives a URL for the audience to open on their phones. They can express how they feel while you present, using ‘positive’ and ‘negative’ buttons, or by entering a short comment. The video can then be viewed with their feedback shown on top as it plays.
Founder’s Story
When I was seven, I used to pray before bed that I would one day be running a software company.
I’m now 30, I’ve been running Ad Muncher for 15 years, have provided filtering tech for several other startups, and have launched a variety of products in the last year, including ImHere.io, leaptouch.com, and Feedback Fast; and I’m still loving every second of it.
I’m passionate about the Australian startup scene, and do volunteer work for #StartupAUS and the Startup Muster survey that will be launching soon.
Marketing/Promotion Strategy
I’m most excited about the kind of real-world viral loop we can get from people using Feedback Fast at events, and the audience downloading the app after they have voted. It’s a slower kind of loop, but one that hasn’t been utilized much.
I’m encouraging the use of Feedback Fast at hackathons for judging purposes, which then makes the judging a more helpful process for the participants.
Originally, we launched the product under the name ‘Intercourse.’ While this wasn’t a marketing strategy, the interest it generated before our rebrand to ‘Feedback Fast’ was very useful as well.
Market Opportunity
Surprisingly, I still haven’t found a direct competitor in this space. It’s solving a need that we have seen for years in the startup environment, and it’s hard to imagine any person that is practicing a pitch or presentation and who couldn’t benefit from this kind of honest, anonymous feedback capture.
We weren’t expecting the interest we received from people in other industries, such as education and consulting, but are excited to find more surprising opportunities like this.
How We Differentiate From the Competition
For live feedback on a pitch, our competition at the moment is really just asking people for their opinions directly. Our system provides a much more exact way of capturing this data, with anonymity to encourage honesty, and the ability to scale to large audiences easily.
If direct competition does emerge, we’ll use our first-mover advantage to provide a superior experience, and our free model to encourage distribution.
Business Model
Currently, we’re seeing how much demand there is for the product. If the demand is there, we’ll look to monetize by adding useful paid features, while keeping the existing functionality free.
Current Needs
We want to introduce Feedback Fast to everyone that would benefit from it—anyone that’s presenting to an audience and needs their feedback, and wants to make sure that their pitch is perfect when it really needs to be. If that’s you, please download Feedback Fast today.
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Headquarters: Sydney, Australia
Website: www.feedbackfast.com
Founders: Murray Hurps, Ronald Suwandi
Investors: Bootstrapped
Year Founded: 2013
Employees: 2
Twitter: @murrayhurps