Eric Espinosa 🥥
CEO and Cofounder at Coconut VA- Claim this Profile
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Bio
Experience
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Coconut VA
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United States
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Staffing and Recruiting
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1 - 100 Employee
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CEO and Cofounder
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Aug 2021 - Present
Coconut VA is a Virtual Assistant Staffing Agency for small business owners. We lower the risk for entrepreneurs and increase the benefits for VAs.
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Venture Validator
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United States
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Market Research
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CEO and Founder
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Apr 2019 - Apr 2022
Venture Validator is a market research firm that helps startups find product/market fit. 6-figure exit, acquired by Fundable Startups. Our employee training was so robust, that we were able to hire and train a new operator in 1 month and not one employee had to transfer to the acquiring entity. The reason we sold is simple: We used Venture Validator's PMF engine to validate the best business model ever - Coconut VA!
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Brigham Young University
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United States
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Higher Education
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700 & Above Employee
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Adjunct Entrepreneurship Professor
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Jan 2020 - Aug 2021
Provo, Utah, United States Most people don't believe it when I tell them I taught at the nation's 3rd ranking entrepreneurship school while I was yet an undergrad - but it's true. As a student, I saw a need for a new course on practical business validation tools. I had the audacity to pitch the course to the director and he shockingly approved. What's crazier is that my students, the director, and not even my TA knew that I BSed every lecture. As a startup founder, I didn't have time to create an elaborate slide… Show more Most people don't believe it when I tell them I taught at the nation's 3rd ranking entrepreneurship school while I was yet an undergrad - but it's true. As a student, I saw a need for a new course on practical business validation tools. I had the audacity to pitch the course to the director and he shockingly approved. What's crazier is that my students, the director, and not even my TA knew that I BSed every lecture. As a startup founder, I didn't have time to create an elaborate slide deck for the course. So 5 minutes before every class, I would take out a sticky note and jot down notes on what topics I would cover. Then for 2.5 hours, I would lecture on the principles recalling everything I learned from books and my own extensive experience, and no one was the wiser. I taught for 3 semesters before moving out of state. Show less
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Startup Validation Consultant
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2018 - Aug 2021
Provo, UT Wow Factor Consulting is the non-scalable predecessor to Venture Validator. Having $20K to spend on startups and no startup to spend it on, I sought to go forward with only the best idea. I took the top frameworks on how to test pre-launch products through specialized focus groups - then innovated on the proccess to make it less expensive and more insightful.
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Founder
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Feb 2018 - Jun 2018
Provo, Utah Area Fresh Stamp was an expiration date barcode add-on that allows grocery stores to automatically identify and discount items before they expire. This startup won $25K in startup competitions (placing first in the BYU New Venture Challenge and 6/6000 in the International Business Model Competition). Knowing that competition winning is not the same thing as business model validation, I turned down multiple investment offers of $500K-$650K to focus more fully on validation. I soon found an impassible… Show more Fresh Stamp was an expiration date barcode add-on that allows grocery stores to automatically identify and discount items before they expire. This startup won $25K in startup competitions (placing first in the BYU New Venture Challenge and 6/6000 in the International Business Model Competition). Knowing that competition winning is not the same thing as business model validation, I turned down multiple investment offers of $500K-$650K to focus more fully on validation. I soon found an impassible model-killing issue, and took the remaining $20K of winnings, and began to test a few others business ideas (which turned into a business in and of its self). Show less
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Education
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Brigham Young University
Entrepreneurial Management -
Startup Ignition
Lean Startup -
Shasta College
Associate of Arts (AA), Business Administration and Management, General