finding & validating startup/product ideas
TRANSCRIPT
Why validate ideas?
21% fail due to Team, Personal withdrawals
18% fail due to Funds/Money
61% due to lack of leverage
- Created something no one wants- Out competed/Poor strategy/marketing- Did not Pivot- Constraints: Location/Legal
How to validate startup ideas?
Lean way:
List your riskiest assumptions
Talk to your Customers
1. No Survey please2. Don’t pitch, don’t sell, don’t ask for feedback3. Make them talk: Look for stories, hopes & fears
How to validate startup ideas?
Think Primitive!
Works well for app ideas
Check How
How to validate startup ideas?
The Delta-4 Theory by Kunal Shah (CEO - Freecharge)
Is Delta(efficiency) > 4 ?
1. Is it irreversible?2. Do you have a UBP?3. Do people have high tolerance towards it?
Thanks
Be in touch!
linkedin.com/in/ujjwaltrivedi