Insights from happy hour, 17th Jan 2011:
1. Our revenue model needs to be changed. Possible ideas: Engage businesses around colleges in China to provide Groupon like services. Do a ticket master like website which lets students purchase tickets to events through our renren app.
2. Censorship issues need to be resolved. Immediate action has been taken: A product development manager, Jiaye Tang, at renren.com was contacted over happy hour and it was brought to our knowledge that renren.com would actually encourage the development of such events organization apps. Follow-up will be done with him. Further action to be taken: To get in touch with app developers on renren.com who have prior experience on censorship issues. To get in touch with advisor.
3. Intellectual Property rights on renren.com to be understood. Action to be taken: To get in touch with app developers on renren.com who have prior experience. To get in touch with advisor.
4. To further understand events host/attendees pain points. Action to be taken: To do interviews, both face-to-face interview with users of renren.com in Stanford, and online interview with users of renren.com in China colleges.