Being a successful entrepreneur is hard work, but as Apple says, “There’s an app for that!”...well, there isn’t, but we think there should be!

With the explosive popularity of the iPhone and mobile applications, we’re challenging all hardworking entrepreneurs to put on their thinking caps and come up with the ideal mobile companion for the in-the-trenches, wildly-innovative, 24/7/365-working, under-funded new venturer...with particular attention to helping yourself get funded.

This challenge is to design the perfect iPhone application for the entrepreneur on the go, taking full advantage of the iPhone platform, the information and active data resources available in the world of Web 2.0, and, of course, the tools, content and connectivity provided by the Angelsoft platform (www.angelsoft.net).

Potential components might be things like: an interface to immediately send your contact info and business plan to a venture capitalist you meet at a conference, a camera interface to tie a VC’s face to her business card, an integrated way to show your PowerPoint slides during your elevator pitch, integrated ways to show product videos, up-to-the-minute stats on your web site from Compete and/or Alexa, prospect lists drawn from Salesforce.com, some type of Twitter/Yammer integration to coordinate with your team, a live data feed on what angel groups are actually doing with your funding application (from Angelsoft, obviously), quick and diry term-sheet generator, API integration to places like Crunchbase, etc.

As always with an app, and especially a mobile app, simplicity, power, and ease of use are paramount. In this case, the app also has to be viable, with all features capable of being provided either through realistic original programming, or by using existing APIs from other platforms (for this challenge, assume that an API will be available to deliver anything you need from the Angelsoft platform). The more your solution focuses on providing an elegant interface to existing, mashup-able APIs, the better.

We are issuing this challenge because as the market leader in the early-stage financing industry, Angelsoft provides the tools that are used by over 17,000 accredited investors in 45 countries to process over 3,500 business plans each month, and investors would be out of business without great entrepreneurs!

SOLUTION DEADLINE

November 30, 2009