Signed in as:
filler@godaddy.com
Signed in as:
filler@godaddy.com
The Average Percentile here is an average of all other scored categories combined, compared to all other projects scored by Tech TXR.
Points & Pours, A New Drink and Gaming Venue where users play games to earn tickets to unlock and order drink combinations
Michael Shaw, michaelshaw@techtxr.com
8th April 2024
74th percentile
Points & Pours is a revolutionary new arcade bar concept that merges the nostalgia and excitement of classic arcade gaming with the sophistication and enjoyment of craft cocktails and beverages. Our unique business model is designed around an innovative points system that rewards players not just with the thrill of victory but with the ability to unlock and create a variety of high-quality drinks.
At Points & Pours, each game in our diverse arcade lineup is connected to a dynamic scoring system. Players earn points based on their performance, skill level, and achievements. These points are then directly linked to a tiered drink menu, where higher scores unlock access to premium beverages, including exclusive cocktails, top-shelf spirits, and rare brews.
The concept encourages a social, competitive atmosphere where customers can challenge each other for not only bragging rights but also the chance to savor special drinks. Additionally, Points & Pours offers a creative mixology experience where gamers can use their points to customize their beverages, mixing and matching ingredients to create their own signature drinks under the guidance of our expert bartenders.
Designed to cater to a wide audience, from casual gamers and cocktail enthusiasts to competitive players and social butterflies, Points & Pours aims to create an unforgettable experience that keeps customers coming back. Whether it's for the love of games, the joy of drinks, or the warmth of community, Points & Pours offers something special for everyone.
Our business plan focuses on leveraging cutting-edge technology to track gaming achievements and manage the dynamic drink menu, ensuring a seamless integration of gaming and dining experiences. With an eye on expansion, Points & Pours is poised to redefine nightlife, offering a fresh, exciting destination where every point scored is a sip earned.
Here we will compile what could be done better as a summary of all the other suggestions and guidance to come later in the report.
To Score Better in SVS Technical IP Risk
To Score Better in YC Product Fit
To Score Better in PFF Horizontal Threat of Substitutes
TRL 1) Basic principles observed
TRL 2) Technology concept formulated
TRL 3) Analytical or Experimental proof of concept
TRL 4) Component Technology validated in laboratory environment
TRL 5) Technology validated in relevant environment (industrially relevant environment in the case of key enabling technologies)
TRL 6) Technology demonstrated in relevant environment (industrially relevant environment in the case of key enabling technologies)
TRL 7) System prototype demonstration in operational environment
TRL 8) Actual system complete and qualified through test and demonstration
TRL 9) Actual system proven successful in operational environment (competitive manufacturing in the case of key enabling technologies)
TRL 4) Component Technology validated in laboratory environment
TRL 5) Technology validated in relevant environment (industrially relevant environment in the case of key enabling technologies)
The reason this IP was ranked at TRL 4 is because while the concept appears to have merit, and participants in a limited study appeared to enjoy the product and service, trial runs have not been conducted in a public space with potential customers who do not have biases or favor towards the inventors and the founding teams.
In order to move to the next stage, you will need to validate the technology by applying tests in the relevant environment. This means attempting to setup a test environment to see real interactions with the software and measure outcomes to compare to expectations.
Tech TXR evaluates direct and tangential keywords and contextual phrases in order to determine similarity between the submitted idea and the millions of patents in the US and European Patent Office. We plot the nearest similarity of patents against what the patent could be for this technology. Below is an example of the 10 nearest neighbors. Each patent is scored out of 5 on each dimension. A score of 5:5 on both dimensions is a near identical match, implying it would be difficult, or possibly prohibitive to attempt to patent this idea as it is presented. All we suggest all nearest neighbors be studied in order to determine if there will be an infringement, or if they are to be used as enhancements by citing them in your patent application. We are considering alternatives for these dimensions, as well as the possibility of a third dimension which would plot as the diameter of the points. Another option is to color-code the points by industry, in order to show trends in groups being nearer than others to the IP disclosed. Open to ideas here.
To Score Better in SVS Customer Risk
To Score Better in BIC Pain of the Customer
To Score Better in YC Customer
To Score Better in PFF Buyer Force
Keyword 1) Was relevant, but declined over time
Keyword 2) Trending upward but overall stays fairly consistent
Keyword 3) Strong indication with a recent upsurge, suggesting the keywords around this technology are on the rise, as is interest from consumers
Keyword 4) Similar to Keyword 2, there is a moderate consistent interest, but nothing really changing
Keyword 5) This shows another view that interest has been a slow burn and growing steadily, meaning the market is ready for a new entrant
To Score Better in SVS Solution Value Risk
To Score Better in BIC Prescription for the Pain
To Score Better in YC Problem Fit
To Score Better in SVS Market Risk
To Score Better in BIC Positioning in the Market
To Score Better in YC Market Fit
Here we can note a few important details of this market. Specifically, we want to look at the direction and magnitude of market growth, and the rate compared to the concentration. If a market grows substantially, but only for the top 50 firms, it will mean greater difficulty for any new entrant. In the graph above, we show that half of the annual TAM is distributed across the top 50 firms, and the rest is shared by the lower 115,000 firms. A new entrant is competing with the 115,000. We take the TAM*% of the industries-top50 to get SAM. Next we are using mean average to determine the SOM for a new entrant in order to see the average maximum potential. We are working on determining a better numerical value here, as resources allocated to populations generally follow a Poisson distribution rather than gaussian. We need to determine the median average for a better value of SOM. With that said, assume this SOM is a vast overestimate, and it would be wise to take 10% as the estimate. The SOM for this market would then be $288,543 annual revenue for a median average performing entrant.
Notes on Data: the 2022 data will be updated in June to show better concentration values at current time.
To Score Better in SVS Financial Risk
To Score Better in BIC Potential of the Market
To Score Better in SVS Founding Team Risk
To Score Better in SVS Regulatory Risk
To Score Better in PFF Horizontal Threat of Incumbents and Entrants
To Score Better in SVS Execution Risk
To Score Better in YC Operational Fit
To Score Better in PFF Vertical Bargaining Power of Suppliers
To Score Better in SVS Exit Risk
To Score Better in BIC Path to the Exit
To Score Better in PFF: Internal Industry Rivalry
This is the project summary explaining the background of the technology, alignment, and opportunities. This may also be a place to store a generated disclosure statement.
This is the summarized recommendations in detail about what is missing and any glaring concerns which could indicate this shouldn't be a priority. Or, it may have information suggesting this may be a good opportunity and should be prioritized.
Similar Company Investments can Show Hit-Rates for who is getting seed funding for what industry or business and technology type
Similar Company Acquisitions can show both the rate at which technologies are being acquired, as well as what companies to research in order to align your own technology and start-up to match the portfolio of a company you would picture acquiring your IP
Lean Canvas is a great way to show a project in one view. We could provide this in the summary as a top-level overview
Connect with our Partner - Summit Venture Studio: https://summitventurestudio.com/
If you would like to get a report for your idea, IP, or technology disclosure, please submit this form and we will get back with you!
Copyright © 2024 Tech TXR - All Rights Reserved.
Are you interested in learning about Navigating the Complexities of Software Commercialization and Licensing? Attend the upcoming webinar May 30th. Attendees get a free Tech TXR report! Register to claim your code today!