Official Specifications
Role Overview & Mandate
Executive Summary
Founders Factory is unlike anywhere else. We create entirely new products from scratch and turn promising concepts into prototypes,...
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Founders Factory is unlike anywhere else. We create entirely new products from scratch and turn promising concepts into prototypes, and ultimately an MVP, validating decisions commercially along the way to attract a founding team that can spin out into a fully-fledged business
Our latest concept from the Studio (Backed by Reckitt Benckiser) is Project GiGu - https://gigu.co.uk/
The concept has already been through the Founders Factory Studio, time in which we’ve reached some key milestones:
1) First signs of Product-Market Fit
2) Built Prototype MVP
3) Received early investor interest based on Beta version addressing a big, urgent problem
What exactly is the concept?
Gigu helps D2C ecommerce businesses to enter new, international markets with ease and confidence.
Manufacturing and shipping physical products is hard. Most physical-product businesses begin fulfilling from their own country - often even someone’s spare room! The process of expanding globally is stressful; there is no central source of information and it is hard to determine if the potential gain of entering a new market is worth the implementation or operational costs.
Gigu empowers physical-product businesses to scale to new territories by connecting to their e-commerce store and telling them exactly what they need to do.
From advising where to store their inventory, to ensuring they have met all regulatory and compliance laws, we give them peace of mind that no box has been left unticked. As they expand to new markets, we give them full visibility on their operations and management, including optimising inventory management, ensuring regulatory compliance and submission of customs paperwork.
Over time, our data-driven platform can also advise which territory to enter next based on both their product performance and our trend analysis.
Mission + Vision
We believe that Gigu can transform how small brands and physical-product creators grow their businesses.
By enabling them to easily and confidently expand to new international markets, we can help them increase their sales and drive more revenue.
Our vision is a world where every D2C store can serve customers globally, with no stress.
We are now looking for a founder to accelerate this business and focus on:
- Execute the successful launch of GiGu
- Acquire customers, demonstrate traction
- Activate partnerships and supercharge growth
- Build a founding team
- Further fundraising
- Everything and anything else that comes with building a Venture backed startup!
We are looking for the following skills and background:
- Lived experience of the pain point - you’ve been through these problems yourself when expanding a small D2C brand, ideally built on shopify, into new markets and/or
- Have grown the user base of a SaaS solution targeted at small businesses from 0-100 and
- Have experience in a leadership capacity (you love challenges and solving complex problems)
- Are brilliant at hiring and retaining a world class team beyond the founders
- Have experience in, or be comfortable fundraising from VCs
Our offer to help you grow this into a unicorn:
- A ready to go concept with initial product market fit established
- £150k cash investment
- A corporate partner (RB) from which you can unlock your first customers
- The FF 6 month accelerator programme - you get a squad team of people from our experienced operators across UX, Product, Engineering, Growth Hacking, Talent Acquisition, Fundraising, etc.
- Unparalleled access to our corporate partners and wider network (for life!)
We are committed to building a diverse culture and are eager to receive applications from all backgrounds. All applicants will receive consideration for employment without discrimination.
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