Judge Questions:

• Questions raised:
  • Lead with the problem, not consumer data
  • No single “average student”: acknowledge universality of basic financial anxieties, not one persona
  • Differentiate from credit check incumbents (large, well-funded industry)
  • Financial data regulations flagged: scraping approval likelihood may implicate financial law

Team Thoughts:

Core Product Question

• What is the inherent need we need to capture?
  • Instagram is foundational because it meets a real communication need: what is the equivalent for this app?
  • Everyone on the team should ask themselves: would I actually use this?
  • If not, why not, and how do we change it?

Financial Data Scope and Legal Compliance

• Need to determine exactly what financial data to store and what compliance is required
  • Key advantages: not a bank, not using Plaid, no bank credentials stored on servers
  • Plaid = read-access gateway to account data; avoiding it sidesteps several regulatory hurdles
  • For MVP, minimum viable data may just be: financial goals and credit cards held
• Users spend more than they estimate, and are inconsistent with self-reported spending
  • App should automate data entry so users don’t have to log manually
• Live transaction data without Plaid is an open question
  • Ziva floated ideas during the design sprint: downloadable data package, email forwarding
  • CSV export of transactions also worth exploring
  • Full Plaid integration is a longer-term goal, likely post-MVP 1

Presentation Feedback

• Legal feedback: need to specify exactly what “financial data” means in the product
  • Payments history? Credit score inputs? Future goal guidance (e.g., saving for a house)?
  • Worth booking time with a legal contact to clarify what data is and isn’t okay to collect
• Story and framing: lead with the “why” and the problem, not the solution
  • This was a solution presentation, so not critical this time, but noted for future
  • Pitch format moving forward

Next Steps

• Define financial data scope for MVPClarify exactly what data is collected, stored, and why, to address legal and compliance questions raised in the presentation.
• Book a legal consultation to review data collectionDetermine what financial data is permissible given the app is not a bank and not using Plaid.
• Restructure future presentations in pitch formatLead with the problem and "why" before the solution.

Solution Presentation Feedback