The Plottu Story
The idea to create Plottu was born. Founders Hugo Henraat and Jean-Paul Zuidema were comfortably managing a consultancy firm for projects in the banking industry and running some of these projects themselves. They were shocked how many projects were exceeding budgets and deadlines. So they started to think how to solve that problem.
Both had no experience in starting a startup and developing a product from scratch, so they moved to the European center of Startups: Berlin. They used that year to make the mistakes that probably every startup founder has to make.
Some of our best practices:
It took about half a year of talks and a nice suit to realize that convincing people with just a Powerpoint might work inside a bank. And if the success stories are true in silicon valley. But definitely not in the world of startups and investors in Europe.
An algorithm that can predict the success of a project and forecast the financial risk. Sound cool? It actually was pretty cool, however after half a year they finally got out of their comfort zone developing a prototype. They started talking to potential users and buyers. Guess what; everyone was impressed, but nobody really cared about predicting success, let alone wanted to pay for such a product.
Learn something new: programming and do it yourself to save money. Ok, they learned some usefull skills, but what took them to develop something in a week, an experienced developer would do it in half a day. It took a while to acknowledge and that it is always best to focus on your key qualities.
The assumed most negligible feature from the prototype got the most attention; users could lookup and apply risks and its mitigation from previous similar projects. People really liked it because so much practical knowledge was lost and so many people were reinventing the wheel all the time.
End of 2016 Plottu secured funding from the Gründung Innovativ Program offered by the Investitionsbank des Landes Brandenburg
In April 2017 it was the time to release the Plottu beta and start working closely with users. This resulted in a first official release of the product in December.
Since January 2018 we are running pilots with companies from Germany and The Netherlands and we are busy developing new versions of the software.
We owe a huge thanks to all the people that joined us on this awesome journey, and we hope that you’ll continue to be a part of our story.