23A – Your Venture’s Unfair Advantage

Resources in venture.

• R1: Human Capital.
• V: I am relentless, curious, and disciplined. This characteristics help me to don't give up  until I have an answer for my problem.
• R: These are not possessed by everyone, as a consequence can be considered rare.
• I: No traits are the same in two people, hence, inimitable.
• N: I don't consider that other resources provide this same benefits because another resource is not going to be equal, which is why it cannot provide the same highlights.
• R2: Bilingual
• V: I understand and speak English and Spanish. In addition, i understand both French and Italian. This can help develop different versions of the app.
• R: I don't think this resource is rare, a lot of Hispanics living here know both languages.
• I: Translations can vary depending on the term and slang, but this is why it can bring advantages to have it on the table.
• N: This resource can be substitutable,but it would involve the change of benefits of the programmer.
• R3: I have coding skills
• V: I have practical and theoretical experience in software development. This is important for the 1st stage of the app development. 
• R: Even though there are more people that have this knowledge, I think is somehow rare to have it mixed with actual developed platforms and not just theoretical information on how to develop something.
• I: This is considered a creative material, since is unique and inimitable.
• N: Not all materials are the same, they cannot have the same benefits.
• R4: Experience
• V: I have experience in how to develop a software and launch it free through knowns platforms.
• R: It is rare that someone my age has had the same experience.
• I: Experience cannot be inimitable.
• N: Experience provides benefits all the time.
• R5: Network and Social Relations
• V: Being that my father-in-law is an entrepreneur, throughout his life he has met different people with a variety of skills that could greatly contribute to my project without requiring financial resources. Among these people are individuals are found website developers, app developers and experts on social media. 
• R: Not everybody is capable of connecting with others hence it is rare. 
• I: Nobody knows the same people hence the social circles and connections cannot be inimitable.
• N: Depending on the social circle, the benefits you will obtain will vary. 
• R6:Support team.
• Valuable: I am grateful to have a support team surrounding me hence I know I can count on them. These people will be my support system and will motivate me to achieve my goals and keep pursuing my idea. 
• Rare: This can be rare, as no everybody have a support system they can count on. 
• Inimitable: No support systems can be the same. 
• Non-substitutable: Benefits will vary depending on the greatness of the support circle. 
• R7: Having human resources easily available. 
• Valuable: On the early stages of the project I will have a variety of people I can count on who will offer a variety of human resources that can help me develop my solution. 
• Rare: Having available a variety of human resources can be very rare.
• Inimitable: Human resources vary across people hence they cannot be the same. 
• Non-substitutable: Since these human resources will be different they won't provide the same benefits. 
• R8: Access to financial resources
• Valuable: This is highly beneficial as this will provide leverage to develop the solution. 
• Rare: Having financial resources can be rare and hard to obtain. 
• Inimitable: Not all financial resources are the same, however, on some level they are inimitable. 
• Non-substitutable: All financial resources will provide different benefits as they provide different amounts of financing. 
• R9: Having a good knowledge about what startup entails 
• Valuable: This is important to know as it provides enough information of what building a business entitles. 
• Rare: Not everybody has experience this so it is rare.
• Inimitable: Not everybody has the same experience hence it cannot be inimitable. 
• Non-substitutable: Since all experiences are not the same, they can not provide the same benefits. 
• R10: Future organizational culture
• Valuable: My having a strong organizational culture we will have a strong team to develop a good solution.
• Rare: Having a good organizational culture can be highly rare and difficult to obtain.
• Inimitable: All cultures are different hence not easy to imitate. 
• Non-substitutable: Because all cultures are different, they do not provide the same benefits. 
• Top Resource: Network and Social Relations
• Because in order to get an idea developed, you need leverage and networking. They can also help you with potential costumers and maybe marketing strategies.