Beta Byte is a series underwritten by Bust Out Solutions for that early stage tech found somewhere between idea and traction.
What is the name of the company and/or product? Where is it found online?
MyBarJar can be found online at www.mybarjar.com
What problem does this solve?
MyBarJar gets a bunch of people to buy you drinks leading up to any celebration. Celebrations… meet gofundme… meet bars/nightclubs/lounges
People celebrate birthday, bachelor, bachelorette parties all the time. But more often than not some people are unable to attend. So MyBarJar is essentially a bar registry that makes it simple for anyone to contribute a drink/s in their absence.
What is the full launch/release date planned?
We just soft launched in St.Paul/Minneapolis mid January. We’ve been grateful to partner with some of the best venues our metro has to offer… Shout House Dueling Pianos, Faces Mears Park, Azul Nightclub, LV Nightclub & Pourhouse Events (Currently Weddings Only).
We are working diligently to make connections with other venue owners for expansion. We are also looking to partner with amazing event centers that host awesome celebrations.
Who is on the team?
What is the specific technology or combination of technologies is used?
Core PHP w/ Customized CMS & Front-End Bootstrap Framework
What is the size/scope of your market and how will you scale?
Our first year goal is active partnerships with 20’ish venues per metro area. February we will work towards expanding outside of St. Paul/Minneapolis. Introductions to venue owners / decision makers is our toughest task. To-date 100% of face-to-face conversations have led to a partnership. Getting in the door is the challenging part.
What is your revenue model?
Our revenue model is simple… We earn a flat $1.50 per contribution
What is your greatest strength?
Our service is virtually risk free for our partnering venues. All they have to do is opt-into accepting contributions and deliver beverages on arrival.
What is your biggest weakness?
As a new startup ‘we don’t know what we don’t know’ so it’s taking a few extra mistakes to learn the best practices of building a great business.
What is one resource you could use that would take this to the next level?
We are in search of a SUPERSTAR technical co-founder to partner with on this journey. Email me Mondo@TheBlackTechGuy.com
Is there anything else you would like to add?
Mondo Davison (MyBarJar Founder) has a mission to influence the young minds in his community… Check out his recent story on Kare11: http://kare11.tv/1PCo7Bk