In the spring of 2013 a dedicated team of software engineers turned the idea into an MVP – a Minimum Viable Product that was used to spread the word and raise awareness of the solution. The MVP was so powerful that it let us not only validate the business idea worldwide but also allowed us to attend – and win – several international startup competitions.
We learned the importance of validation before coding the hard way. The Lean Startup books didn’t exist back then. Having read them beforehand would have saved us a lot of resources and perhaps even the Karma project itself. We highly recommend the two books by Eric Ries:
- The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Business
- The Startup Way: How Modern Companies Use Entrepreneurial Management to Transform Culture and Drive Long-Term Growth
Web Summit in Dublin, WebIT in Istanbul, TechCrunch Disrupt in New York – all stages of our journey with Karma. We are most proud of getting into the London based Bloomberg’s GROW forum – as the only non-UK based startup – and also to become part of the top 15 most innovative startups in SWIFT’s InnoTribe international competition.
Once again, the importance of validation cannot be underestimated. Even Karma Platform – that was praised by Bloomberg and SWIFT InnoTribe – requires strict validation of the viability of the business idea.
The main company behind Karma Platform – ShiwaForce.com Inc. – is also grateful as the company kept on growing during these times, we learned a lot both technologically and also commercially from this experiment.
The momentum for Karma Platform however, is gone. Although we managed to make commercial successes with it in the enterprise world, we fell short on satisfying the needs of small and medium sized businesses.
ShiwaForce.com Inc. on the other hand still thrives and has a lot to thank Karma Platform.
2019. december 31.