1. I think that I will stick with my initial idea of a voice activated remote that connects all aspects of the entertainment center together (goodbye multiple remotes/controllers)! I will make this product amazing but I think that once it takes off I will sell the technology and/or partner with a giant company so they will not end up pushing me out of the market. In return, I will also gain access to a huge pool of new customers and profits.
2. The feedback I received was all over the place in terms of the different questions I posed in my initial venture concept. One person agreed that the possible senior citizen demographic would love my product, one said I should join forces with Amazon and create an Alexa that can incorporate my idea and let them do all the work (genius), and another said selling to businesses would be ideal. One pointer was to expand into multiple products to build a brand so the company stays relative.
3. The feedback that I used to alter my venture concept was that of partnering with a bigger company. While the exact advice was to create a custom API and sell it to Amazon and the Alexa product I would instead partner and work together with them (hopefully).
I like the idea of the custom API and I think that amazon would look forward to working with you for this type of idea. They have alot of different teams working on different projects and if you approached them with a plan of action and a capable team, I think they would give you the financial and corporate support you would need.
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