If we were to write a playbook on how to start an app-based business, the first-time entrepreneurs behind Parrot.MD would be our case study. But every story has its conflicts. Parrot.MD’s CEO and co-founder Tim Steele joins the show to talk about the creation of the app, the role social equity plays in fundraising, and the essentiality of focus groups.

In this episode, you will learn:

• The importance of finding the right development partners


• What to look for in building an experienced team


• What depositing and withdrawing have to do with social equity and raising funding


• How to get users interested in investing in your product


• Focus group indicators that you’ve got something hot (or that your product is a dud)


• Why your revenue model might not go as planned, and why that’s okay


• How to overcome conflict when building your business


• Why the relationships you have at the beginning of your business won’t be the same at the end


• How far to forecast when raising funding

This episode is brought to you by The Jed Mahonis Group, where we make sense of mobile app development with our non-technical approach to building custom mobile software solutions. Learn more at https://jmg.mn.

Recorded September 17, 2020 | Edited by Jordan Daoust | Produced by Jenny Karkowski

Show Notes:

• Tim Steele’s LinkedIn Profile


• Parrot.MD website


• Josh Makower