On November 21, 2010, MarketYoYo (formerly named Crowdmarket) was awarded "Most Likely to Change a Million Lives" and "2nd Prize Overall" at Women 2.0 Startup Weekend.
Two days later, Alexis Ringwald (pictured, left) and Xuwen Zhang expanded their team to five (Rajat Mahajan, Ran Tao and myself) to further build on the idea of an SMS service to enable BOP (Base of the Pyramid) female entrepreneurs to connect directly with buyers. I was really excited to be a part of the team and loved the way all five of us were able to rally around a cause just after our first meeting at a coffee shop. With very little time but a lot of talent, inspiration, and passion, we decided to pursue the mWomen BOP App Challenge.
A week after initial market research, brainstorming and coding, the idea turned more real after we had conversations with Grameen Phone CEO Kazi Islam, Obopay CEO Carol Realini and VP of Product Marketing David Schwartz. The end goal was to build an easy-to-use SMS-based mobile service that enables female entrepreneurs in rural India to connect directly with buyers in an online marketplace, which we named "MarketYoYo".
... Read More...