In this 24-hour startup hackathon, I break down a B2B startup idea, build the MVP, share the MVP video tutorial, and explain the product processes: ideation, validation, distribution, and monetization.
1. Startup idea 💡
LegalSpot— an online marketplace startup that connects lawyers and business clients for company-related legal consultation. *This is a case study MVP project, not a startup in operation.
Industry quick bite:
Online legal services provide quick access to legal practitioners, which helps clients get legal help online without having to hire lawyers on a retainer basis.
Examples of online legal services: company formation, tax registration, legal counsel, drafting agreements, estate planning, divorce, family law, real estate, civil, etc.
One of the top players, Legal Zoom has 1001–5000 employees and $811M funded, a one-stop platform for online legal services and advisory
Next, we will define the problem, brainstorm potential solutions, and identify value creation opportunities.
Legal matters are tedious. Ignoring legal matters is a costly financial mistake.
Finding the right business lawyers often waste time, energy, and money.
For lawyers, it takes a long process to generate high-quality business leads.
Qualify business leads through 1:1 intro calls.
Receive high-quality client matches in 24 hours via a verified network.
Private community for legal practitioners to build deeper relationships, discuss legal needs, and collaborate.
Pre-company stage, early-stage, and growth-stage company owners who are looking for legal consultants.
Legal practitioners who are specialized in company formation, tax registration, IP protection, drafting agreement, document review, international expansion, mergers & acquisitions, etc.
Unique selling proposition (USP)
For business users:
Vetted network of legal professionals.
Cost-effective, on-demand legal advisors.
Support your legal needs across company stages. Anytime. Anywhere.
For legal professionals:
Ease of getting high-quality business leads.
Scale your legal practice digitally from the comfort of your home.
I've been following @whizzzoe's 24-hour startup for a long time now and was pleasantly surprised to see her latest idea use https://t.co/v7WqgYRuss to build an online marketplace of legal professionals!