TWiST Santiago, Chile Meetup - TWiST #168

0:00-3:00 Welcome everyone to the first TWiST Santiago, Chile meetup!
3:00-5:15 With us today is Jose Caballer, host of This Week in Web Design.
5:15-6:00 Thank you to Hiscox for sponsoring the show. Let's take a look at the trailer for their web series Leap Year.
6:00-8:00 Trailer for Leap Year.
8:00-11:00 Welcome to James Kennedy, the TWiST Chile meetup organizer.
11:00-11:30 Breaking news: Paris Hilton has joined Google+. (http://launch.is/blog/paris-hilton-joins-google-24-days-after-launch-twitter-af­ter.html)
11:30-12:30 Natalia from safe-search company Zuggi does the first pitch. See the product at Zuggi.com.
12:30-14:00 Jose rates the Zuggi presentation at an 8 and the idea at an 8.
14:00-16:00 Jason rates the pitch at a 7 and the idea at an 8. For the pitch, it would be good to give an example.
16:00-17:00 Next up is Challenge.in. Go to ChallengeIn.com to learn more.
17:00-18:45 Jason: I think it's a bad pitch because you were too concerned with selling the brand and not enough with the virtue of the product.
18:45-20:00 Jose, could you tell what the product was? (Jose gives the pitch a five.)
20:00-21:15 How much would it cost to re-do this website?
21:15-21:30 Was that too brutal? Well done Claudio.
21:30-26:00 Thank you to GoToMeeting for sponsoring the show.
26:00-28:00 Yifan presents Gym-Pact. Go to gym-pact.com to learn more.
28:00-30:00 Jose: I think the pitch was clear and I think this is a real problem, getting motivated to go to the gym. I give the pitch a 7 and the idea is a solid 8.
30:00-31:00 It seems as though you need to unpack this idea a little bit more. Does the money from the people who didn't go to the gym go to the people who did go to the gym?
31:00-32:00 Can you explain this more clearly?
32:00-32:30 What's the normal rate at which people keep their gym commitments?
32:30-33:00 Jason: Always go with a real, user scenario. I think the idea is either a 10 or a 2, which I like.
33:00-33:45 How does this scale? Do you see people doing it with friends?
33:45-35:00 Are there any regulations around this in terms of considering it gambling?
35:00-36:15 Yifan walks through the Gym-Pact website.
36:15-37:15 Is your client really the gym here?
37:15-37:45 What if the person isn't motivated by money?
37:45-39:15 Let's get the design and the pitch as good as the press you've gotten. And you have to get rid of the dash in the name.
39:15-40:00 Is the financial drive of working out bigger than the social drive?
40:00-40:30 Jose: I would use this if it was simple, if the design on my iPhone looked great and was super fluid.
40:30-41:30 Have you experimented doing it one-on-one between friends?
41:30-42:00 Have you determined who responds to this idea between men and women?
42:00-42:30 How do you incorporate real, high-stakes gambling?
42:30-43:00 Well done, let's hear it for Gym Pact. That's all the time we have for today.
43:00-43:15 How many people came to the meetup tonight, James?
43:15-43:30 Thank you everyone--Hiscox and GoToMeeting--we'll see you next time.

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FOLLOW ON TWITTER
Jason: @jason
Jose: @josecaballer
James: @jameskennedy
Gym-Pact: @gympact

Keep up with the latest from our sister company LAUNCH:

ThinkNear Helps Local Businesses Attract Customers in Slow Periods to Evolve the Deal Space
http://launch.is/blog/thinknear-helps-local-businesses-attract-customers-in-s...

Paris Hilton Joins Google+ 21 Days After Launch (Twitter after 1,092)
http://launch.is/blog/paris-hilton-joins-google-24-days-after-launch-twitter-...

Incubators/Accelerators by Deadline
http://launch.is/blog/incubatorsaccelerators-by-deadline.html

Reunik Makes Social Photo Books to Improve how People Share Images
http://launch.is/blog/reunik-makes-social-photo-books-to-improve-how-people-s...

Google Bands Developer for Using Pseudonym and Developer Stops Work on Chrome Extension
http://launch.is/blog/google-bans-developer-for-using-pseudonym-and-developer...

Special thanks to the members of the TWiST Backchannel Producer Program! See a list of all the members of the program at twistlist.co

Executive Producers
Louis-Eric Simard, Benjamin Gifford, Jacek Artymiak, Octavian Mihai, Will Paoletto, Geoffrey Clapp, Eien Hyett, Jeff Hoffer, Kyle Lonzo, Austin Miller, Rashaun Sourles, Robb Kunz, Greg Berry, Sean Lynch, Mary Ann Halford, Jim Joyce, Morgan Howard, Margaret Johns, Kyle M. Brown, Paul Cole, Nick Duncan, Magnus Ingvarsson, Amir Ayalon, Carlos Zaidenweber, Avery Keitt, Joshua Shipsey

Category:

• News
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Starring:

• Jason Calacanis
• Tyler Crowley
• Lon Harris

Directed by:

• Matt Raub
• Branden Lymer

Produced by:

• Kirin Kalia
• Carolyn Bedgood

Tags:

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[TiradorPablo]

Gym-Pact.

As I understand it, you commit to go to the gym and pay x amount per visit.

If you go you win cash, but if you don't go you lose that cash.

So 10 people commit to go 10x per month and pay $5 each = $500 prize pot.

ALL 10 people go 10x so all WIN!

Gym-Pact retain 30% so there is only $350 to divide, so each person wins $35 - A LOSS of $15 each lol

Where does the extra money come from to ensure that if all users do hit their commitment, they all get at least their investment back?

[Lurifaxnn]

The gym thing is awesome!!