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Episode 2 of Starting a Tech Business.
Building A Tech Business
1) Business Name
2) Business Logo
3) Business Identity
4) Product offering
5) Marketing Strategy
6) Budget
7) Distribution.
First we needed a name.
Name
Logo
MVP
Check List.
After a few ideas, the meaning of this struck me...
A paystreak is a zone within a mineral deposit where valuable minerals, especially gold, are concentrated in sufficient quantities to be mined profitably. It's essentially the "rich" part of a vein or placer deposit, where the ore is concentrated. In alluvial mining, it often refers to pockets of gold found near bedrock.
Here's a more detailed breakdown:
Concentrated Ore:
Paysreaks are characterized by a higher concentration of valuable minerals to surrounding areas.
Mining Context:
The term is primarily used in the context of mining, especially for gold and deposits.
Alluvial Deposits:
In alluvial deposits (where minerals are carried by water and deposited), paystreaks are often found at or near bedrock, where heavier minerals tend to accumulate.
So we went for it...
Product Name ideas.
* Invoicegen
* Proposal Pad
* Billify
* Paypoint
* PayStreak. ✓
Name Done ✓.
Up next, Logo...
Check List.
Had an "iconic" logo idea in mind... So...
.. So went to photoshop and designed it...
Name Done ✓.
Logo Done ✓.
Prototype missing ❌
Check List.
Luckily bubble.io came to a rescue.
Built a fully functional prototype with front-end + Backend.
At this point everything looked very promising... 😉
Now the MVP is functional...
What else was missing?
The AI powered Proposal Generator.
Name Done ✓
Logo Done ✓
Prototype ✓
Check List.
Follow for Episode 3 to see how I build an AI powered invoicing tool in public.