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Hi there, we'll take this one step at a time!
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If you struggle with a blank canvas, use this boilerplate to start. Remember, this is a flexible resource—tweak it as needed. Some sections might not apply to your product and you might come up with great ideas not listed here, don't let be restricted.
This is not the only format, we would love to see you scope out a great format for your product!
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Go wild and dive deep—we love well-researched documents that cover all bases with depth and understanding.
Refer to the project brief and the additional resources before you begin this project!
(Go through them at least 3 times or till the time you don’t have a mind map in your brain)
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(Think of this as an introduction to your product- make it remarkable!)
1. Angoor AI is developing a generative AI B2B SaaS CRM to help D2C brands serving customers over Meta platforms create hyper-personalized user journeys by maintaining an omnichannel presence catering to their customers at scale.
2. We compete in the growing CRM and social media marketing market, which last year was a together total market of $184B
3. We are similar to Microsoft business co-pilot operating in the mid-market B2B sector targeting businesses selling products on Meta platforms like Instagram, Whatsapp, etc.
4. Currently, we are a team of 4, with founders who graduated from IITB have developed our product and are closing our early pilots with 5 clients.
5. We are targeting a $400k revenue by the end of 31st Dec 24 and looking for a fund of $1.5M to help us expand our product capabilities scale our business and incur expenses towards hiring manpower and marketing expenses.
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(Before you begin, you need to know what your product is, what are its features, what is the problem being solved by your product?)
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(Build your core value proposition by exact what your product does and what problem are you solving)​
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(Go and speak to different users of the product and the people in the chain: households buying the product, shopkeeper selling the product, churned users, users using competitors products. In case of B2B products identify the decision makers, the influencer, blocker and the end user)
(There are separate tables for both B2C and B2B products, put down your your ICP’s in a Table Format, use this as a reference.
This table makes it super clear for anyone to understand who your users are and what differentiates them)​
B2B Table:
Criteria | ICP1 | ICP2 |
---|---|---|
Name | Gen AI automation | Basic Whatsapp automation |
Company Size | 20-100 | 20-1000 |
Location | Global | India |
Funding Raised | $20M+ | $5M+ |
Industry Domain | B2B, B2C, D2C | B2B, B2C, D2C |
Stage of the company | Growth | Early/Growth/Scale |
Organization Structure | - | - |
Decision Maker | CXOs/Directors, Team Leads (Sales, Customer Support and Marketing) | CXOs/Directors, Team Leads (Sales, Customer Support and Marketing) |
Decision Blocker | Team Leads (Finance/HR) {
| Team Leads (Finance/HR) {
​ |
Frequency of use case | High | High |
Products used in the workplace | Dify, Intercom, Freshworks, Zoho/Hubspot, Gupshup/Interakt/Wati, Meta and Google marketing | Zoho/Hubspot, Gupshup/Interakt/Wati, Meta and Google Marketing |
Organizational Goals | Acquire more customers (using automation or marketing solutions instead of human capital) | Acquire more customers (using automation or marketing solutions instead of human capital) |
Preferred Outreach Channels | Sales/Lead Generation Agency, LinkedIn, WhatsApp, Instagram, Community channels, WOM | LinkedIn, WhatsApp, Instagram, Community channels, WOM |
Conversion Time | 2 weeks - 5 months | 1 week - 4 weeks |
AOV | India (500Rs+/user) | 50+/user |
Growth of company | ​ | ​ |
Motivation | Provide a better experience to their customers and manage customers across multiple channels with a better understanding of users | Provide a better experience to their customers and manage customers across multiple channels with a better understanding of users |
Organization Influence | Team Leads, Employees (someone known in the company), Existing customers and WOM | Team Leads, Employees (someone known in the company), Existing customers and WOM |
Tools Utilized in Workspace | - | - |
Decision Time | - | - |
​ | ​ | ​ |
​ | ​ | |
Note: This is not an exhaustive list, you know your product better, add/remove as per the context!​ |
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we have multiple users of a product and not all of them can be our ICP for whom we make our strategies, we need to prioritize.
(use this ICP prioritization table)
Criteria | ICP 1 | ICP 2 |
---|---|---|
Adoption Curve | High | High |
Appetite to Pay | Low | High |
Frequency of Use Case | High | High |
Distribution Potential | Medium | High |
TAM | New market (unknown TAM) | Chatbots+CRM+Marketing market ($150B+) |
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(begin by doing a basic competitor analysis)
Factors | Microsoft co-pilot studio | Real Fast | Botpress | Many Chat |
---|---|---|---|---|
What is the core problem being solved by them? | Enhancing productivity and efficiency in workplace communications and operations by integrating AI into Microsoft 365 applications | Enhancing real-time decision-making with AI-driven analytics for the financial markets | Providing businesses with an open-source platform to build and manage chatbots, enhancing customer service | Simplifying the creation and management of chatbots for marketing, sales, and service on social media platforms |
What are the products/features/services being offered? | AI-powered tools within Microsoft Office applications, enhancing document creation, data analysis, and communication | AI-powered platform providing predictive analytics for financial markets, focusing on speed and accuracy | Open-source chatbot platform that supports natural language understanding (NLU) and integration with existing business systems | A platform for building chatbots on Facebook Messenger, WhatsApp, and other social media with no coding required |
Who are the users? | Enterprises, small businesses, and professional users of Microsoft 365 | Financial analysts, traders, and institutions needing real-time data and predictive insights | Developers, small to large businesses looking to automate interactions | Marketers, small to mid-sized businesses, and digital entrepreneurs |
GTM Strategy | Leveraging existing Microsoft Office user base and enterprise solutions channels | Targeting financial professionals and institutions through direct sales and strategic partnerships | Open-source model to encourage adoption and contributions, with enterprise versions for monetization | Direct to consumer through online marketing, strategic partnerships with marketing agencies |
What channels do they use? | Direct sales, partner channels, online through Microsoft's existing platforms | Direct sales, online platforms, partnerships in the financial sector | Online distribution, GitHub, direct sales for enterprise solutions | Online advertising, social media, content marketing |
What pricing model do they operate on? | Likely subscription-based, integrated into Microsoft 365 plans | Likely subscription-based with different tiers based on access levels and features | Open-source with enterprise licensing fees | Freemium model with premium features available at various subscription levels |
How have they raised funding? | Funded internally as part of Microsoft's product development | NA | Venture-backed, details on specific rounds and investors would require further research | Raised funding through venture capital, specifics on the amount and investors would need additional verification |
Brand Positioning | Positioned as a leader in workplace productivity and enterprise software solutions | Marketed as a leader in speed and precision for financial analytics | As a flexible, developer-friendly chatbot platform | Accessible and powerful tool for social media engagement |
UX Evaluation | Focuses on seamless integration with existing Microsoft products, ensuring familiarity and ease of use | Designed for efficiency and ease of use in high-stakes environments | Developer-centric design, with emphasis on ease of integration and customization | User-friendly interface, geared towards non-technical users with drag-and-drop functionalities |
What is your product’s Right to Win? | ​ | |||
What can you learn from them? | Importance of integrating AI to boost productivity and using an established user base for new product introductions | Importance of real-time data in decision-making processes and the potential of AI to transform traditional industries | Leveraging the open-source model for widespread adoption and community-driven innovation | Effective use of a freemium model to scale user base quickly and the importance of user-friendly design for tech products |
(then try to understand the market at a macro level and evaluate the trends and tailwinds/headwinds.)
To calculate the Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) for Angoor AI, let's define these components:
1. Total Number of Potential Customers (TPC): This refers to the total number of businesses globally that could potentially use a CRM for managing customer interactions on Meta platforms. For this calculation, let's assume a rough estimate based on the number of businesses actively advertising or engaged in commerce on these platforms.
2. Average Revenue Per Customer (ARPU): This is the average revenue Angoor AI expects to generate from each customer. Given the B2B nature of the product and the outlined prices, we can estimate an ARPU.
3. Target Market Segment (TMS): This is the percentage of the total market that Angoor AI aims to capture initially. It could be defined by the focus on businesses of a certain size or within a specific geographic location.
4. Market Penetration/Share (MPS): This is the percentage of the SAM that Angoor AI realistically plans to capture within a specified time frame.
Some assumptions for these calculations:
- TPC: Assuming there are 10 million businesses globally that could use such a CRM and Marketing system.
- ARPU: $5000 annually, considering the B2B SaaS nature of the product.
- TMS: 0.1% of the global market, focusing on mid-market businesses.
- MPS: 1% within the first few years of operation.
Calculations:
1. TAM (Total Addressable Market)
TAM = TPC * ARPU
TAM = 10,000,000 * $5000 = $50,000,000,000
2. SAM (Serviceable Available Market)
SAM = TAM * TMS
SAM = $50,000,000,000 * 0.1% = $50,000,000
3. SOM (Serviceable Obtainable Market)
SOM = SAM * MPS
SOM = $50,000,000 * 1% = $500,000
These figures are hypothetical and rely on various assumptions about the number of potential customers, average spending, and market focus. Real-world values could differ significantly based on detailed market research and actual customer acquisition results.
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(keep in mind the stage of your company before choosing your channels for acquisition.)
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Channel Name | Cost | Flexibility | Effort | Speed | Scale | Budget | Chances of conversion |
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Organic | Low | Low | Medium | Low | Medium | Medium | Medium |
Friends and family | Low | Low | Low | Low | Low | Low | High |
Colleagues | Low | Low | Low | Low | Low | Low | High |
GrowthX | Low | Medium | Low | Low | Low | Low | High |
Razorpay | Low | Low | Low | Low | Low | Low | High |
IITB community | Low | Medium | Low | Low | Low | Low | High |
Other Community | Low | Low | Low | Low | Low | Low | High |
T-Hub | Low | Low | Low | Low | Low | Low | High |
Paid Ads | High | High | Medium | High | High | High | Medium |
Referral Program | Low | Medium | Medium | Medium | Medium | Low | High |
Product Integration | Low | High | Low | Medium | Medium | Low | Medium |
Content Loops | Low | High | Medium | Medium | Medium | High | Low |
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(Understand the existing organic channel strategy for your product and highlight the success and failure thereon.
Provide your suggestions and devise new strategies.)
Type of search | Keyword | Search volume (avg monthly) | Difficulty to rank on seo | Avg cost per click | Projected Click through rate | Cost per website/app land | Website land to conversion rate |
Use case | WhatsApp API automation | 100-5k | Low | 40 - 500 (Avg 100) | 0.025 | 1000 * 100 * 0.025 = 2500 | 0.05 |
Instagram automation | 1k-10k | Medium | 40 - 500 (Avg 100) | 0.05 | 5000 * 100 * 0.05 = 25000 | 0.05 | |
marketing on WhatsApp | 1k-10k | High | 40 - 500 (Avg 100) | 0.025 | 5000 * 100 * 0.025 = 12500 | 0.05 | |
marketing on Instagram | 1k-10k | High | 40 - 500 (Avg 100) | 0.025 | 5000 * 100 * 0.025 = 125000 | 0.05 | |
Email automation | 1k-10k | Medium | 40 - 500 (Avg 100) | 0.05 | 5000 * 100 * 0.05 = 25000 | 0.05 | |
manage customers data | 100-1k | Low | 40 - 500 (Avg 100) | 0.10 | 500 * 100 * 0.10 = 5000 | 0.05 | |
digital marketing | 10k-100k | High | 40 - 500 (Avg 100) | 0.025 | 50000 * 100 * 0.025 = 125000 | 0.05 | |
Competitor | gupshup api | 100-5k | High | 40 - 500 (Avg 100) | 0.025 | 1000 * 100 * 0.025 = 2500 | 0.05 |
interakt/wati whatsapp | 100-5k | High | 40 - 500 (Avg 100) | 0.025 | 1000 * 100 * 0.025 = 2500 | 0.05 | |
manychat instagram | 100-5k | Low | 40 - 500 (Avg 100) | 0.025 | 1000 * 100 * 0.025 = 2500 | 0.05 | |
Your product | CRM | 1k-10k | Medium | 40 - 500 (Avg 100) | 0.05 | 5000 * 100 * 0.05 = 2500 | 0.1 |
Marketing Platform | 1k-10k | Medium | 40 - 500 (Avg 100) | 0.05 | 5000 * 100 * 0.05 = 2500 | 0.1 | |
Chatot | 1k-10k | Medium | 40 - 500 (Avg 100) | 0.05 | 5000 * 100 * 0.05 = 2500 | 0.1 | |
Virtual Assistants | 1k-10k | Low | 40 - 500 (Avg 100) | 0.05 | 5000 * 100 * 0.05 = 2500 | 0.1 | |
Your brand name | Angoor AI | 10-100 | Low | 40 - 500 (Avg 100) | 0.10 | 50 * 100 * 0.10 = 500 | 0.3 |
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Angoor AI is a pre-PMF startup so, this is one of the most effective and cheapest customer acquisition channels. This includes:
1. Friends and family: Investors in the company
2. Colleagues: Ex-company friends
3. GrowthX: Founder's circle and community network
4. Razorpay: Founder's circle and community network
5. IITB community: Founder's circle and community network
6. Other Community: Part of multiple other social network groups around gen AI etc
7. T-Hub: Incubated at T-Hub
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(Understand, where does organic intent for your product begin?)
Integrate with multiple CRMs and Marketing solutions.
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Channel name | Time to go live | Tech effort | #New users we can get (monthly)? |
Hubspot | Low | Medium | High |
Zoho | Low | Medium | High |
Meta Ads | Medium | Medium | High |
Google Ads | Medium | Medium | High |
Zomato | High | Medium | High |
Swiggy | High | Medium | High |
Amazon | High | Medium | High |
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(Understand what is already being done, what is working out well and what needs to be stopped)
CAC: LTV ratio is very high as it is a B2B business.
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Channel name | Cost | Flexibility | Effort | Speed | Scale | Budget |
Google search | Medium | High | Medium | High | High | Medium |
Google app campaigns | Low | Medium | High | Medium | Medium | Low |
Google Youtube | Medium | Medium | High | Medium | Medium | Low |
Medium | High | Medium | High | High | Medium | |
High | High | Medium | High | High | Medium | |
Programmatic | High | High | Medium | High | High | Medium |
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Pre-PMF stage so didn't plan out the complete marketing strategy, focusing majorly on early adopters and pilots and building the product.
Creating a compelling marketing pitch for the two Identified Customer Profiles (ICPs). Here are tailored marketing pitches for each:
​ICP1: Gen AI Automation
Headline: Unlock Your Brand's Potential on Meta Platforms with Angoor AI's Generative Automation
Body:
Step into the future of customer interactions with Angoor AI's cutting-edge Generative AI automation. Designed specifically for dynamic brands operating on Meta platforms, our CRM integrates seamlessly across Instagram, WhatsApp, and more, ensuring you never miss a beat. With Angoor AI, expect nothing less than deep, actionable insights and hyper-personalized user journeys at scale. Revolutionize how you engage with your audience, reduce dependency on extensive human resources, and enhance your customer experience with unparalleled efficiency. Ready to automate the future? Let Angoor AI be your guide to not just meeting but exceeding your business goals.
Call to Action:
Transform your customer interactions today. Schedule a demo to see Angoor AI in action!
ICP2: Basic WhatsApp Automation
Headline: Elevate Your Customer Engagement on WhatsApp with Angoor AI
Body:
Empower your business with Angoor AI’s essential WhatsApp automation, crafted to streamline your communications and foster meaningful connections with your customers. Ideal for growing businesses across India, our platform offers a robust suite of features that simplify interactions, provide personalized experiences, and enhance your customer support capabilities. From automated responses to comprehensive customer insights, Angoor AI ensures your brand stands out in a crowded market. Embrace efficiency, scale your operations, and deliver satisfaction with every message.
Call to Action:
Boost your WhatsApp engagement effortlessly. Discover the power of Angoor AI with a free trial now!
(For B2B companies, if referral does not make sense you'll take a crack at a partner program for your product)​
Objective:
To leverage word-of-mouth to acquire new users by rewarding existing customers for referring Angoor AI to potential clients.
Target Audience:
Existing users who are satisfied with Angoor AI and likely to recommend it, including CXOs, Directors, and Team Leads in Sales, Customer Support, and Marketing.
Referral Reward:
Both the referrer and the referee receive benefits. The referrer gets a 10% discount on their next subscription renewal for each successful referral. The referee gets a 20% discount on their first subscription.
Referral Flow:
1. User Dashboard: A dedicated section in the user dashboard for referrals where users can see their referral link and track rewards.
2. Referral Link Sharing: Easy sharing options for the referral link via email, social media, or direct message.
3. Notification: Automatic notifications for referrers when their referrals join Angoor AI, and for referees when they are eligible for discounts.
Referral Message:
"Join me in transforming customer interactions with Angoor AI! Sign up with my link and get 20% off your first subscription. I'll get a 10% discount too, so it's a win-win!"
Tracking Referrals:
A robust tracking system in the user dashboard allows users to see how many people have signed up using their link, their pending rewards, and the total discounts earned.
Strategies to Increase Referrals:
- Group Referral Incentives: Additional discounts for users who refer multiple new customers within a certain timeframe.
- Limited-Time Offers: Special promotional periods where referral rewards are temporarily increased to encourage more sharing.
- Referral Competitions: Competitions among users to see who can refer the most new customers within a period, with significant prizes for the top referrers.
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(Don't spend a lot of time on design. This is for you to communicate how the referral hook will look)
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Platform | Engagement Rate | Content Type Suitability | Reach |
Social Media Platform | Low | Success stories | Medium |
Content Sharing Platform | Low | Testimonials | Medium |
Inshorts | Low | Achievements | Low |
Blogs and Websites | High | Tech and Features | High |
Online Communities and Forums | Medium | Testimonials | Low |
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Hook | Generator | Distributor |
Success Stories/Testimonials | Company | Company |
Gen AI advancements | Company | People |
General blogs/adds about features | Company | Users/Customers |
Business co-pilot flows | Company/Users | Users/Customers |
​we hope this helped you break the cold start problem!
Reminder: This is not the only format to follow, feel free to edit it as you wish!
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