The December Mini-Hack (held 12/13/2012) featured a venture idea centered in the international travel industry.
Our presenter’s idea is to feed on travelers’ love of language and offer a unique lodging/accommodation experience. Think hostel-cum-language-school.
The Mini-Hack set out to discuss how such a business could be structured – who is the target market?, what is the revenue model?, where in Boston?, etc.
We vetted a number of ideas, discussed risks, and came up with a number of great ideas to help the venture progress. The team assembled generated a list of operational steps to guide our presenter in navigating legal issues (like zoning and commercial real estate options) and building interest among the target market of international undergraduate students.