hebel. today · 7 November 202663 / 74
Business · Startups
Build the real thing or sell the ghost
Sam of ChiBrations entered the South Side Pitch competition with a live application already on both app stores, securing $13,500 in total prize money by demonstrating a functional tool that connected users to local…
From 2 newsletters · 1 min read · one thing to try
Sam of ChiBrations entered the South Side Pitch competition with a live application already on both app stores, securing $13,500 in total prize money by demonstrating a functional tool that connected users to local gigs (AI & No-Code Exits Join 13,895+ builders…). This approach relies on a live product to answer judge queries and build trust, as the app’s repeating events feature proved to be the specific capability users could not live without.
Ryan Noon, Abhishek Agrawal, and Chris Park of Material Security took a different path by pitching four distinct business concepts to Netflix’s security team before building any of them, letting the market choose the direction for their billion-dollar company (🔘 Capital of One). Similarly, the founders of a fashion brand sold 197 jackets in 86 seconds before manufacturing a single unit, while another company generated $71,145 in revenue for a product that did not yet exist.
These strategies diverge on the role of the prototype versus the finished asset. ChiBrations leveraged a four-week no-code build to provide proof of value, whereas Material Security used the pitch process as a discovery mechanism to avoid building the wrong thing. Ultimately, both methods prioritize immediate market feedback, whether through a live app or a presold concept, to bypass the risk of developing features nobody wants.
Try today · 45 min
Pitch three distinct versions of your current project to a potential customer to see which one they would pay for today.
List your top three feature sets or product angles and schedule 15-minute calls with three prospects.
You need
- List of three distinct product concepts
- Three potential customer contacts
Steps
- Draft a one-sentence value proposition for each of the three concepts.
- Send a brief message to three prospects asking for a 15-minute feedback call.
- Present the three concepts during the calls.
- Ask the prospect which they would pay for if it were available today.
- Record the specific choice and the reasoning provided.