"No one is harder on a talented person than the person themselves" - Linda Wilkinson ; "Trust your guts and don't follow the herd" ; "Validate direction not destination" ;

February 12, 2023

Evaluating Tech - Startup Ideas

Top Notes, Highlighted are key perspectives I align to

  • Building problems without knowing users. Solution in search of problem
  • Madeup problem vs Real problem
  • Look for High Quality Problem
  • Specify, Tractable
  • Tarpit ideas - Common ideas - Widespread ideas - Illusion 
  • Google and Validate ideas / Past work / Challenges 
  • First idea, Jump without knowing business of it
  • Looking for perfect idea
  • Do you have a market fit ? Right team of Tech + Domain
  • How big is the market ? Growing opportunity ? 
  • How acute is problem ? This is a real problem ?
  • Credit card for startups ? Unifying all challenges ?
  • Do you have competition ? Is it good to have some competition and find new insights ?
  • Does somebody need this solution? 
  • Is it new tech driven or regulatory change ?
  • Background check for blue collar workers ? Do police checks ? Previous employer ? Relationships ?
  • Proxies - Look for ideas in other country and check if it applies to your space
  • Idea space - Class of closely related ideas (Hospital saas, infra monitoring tools, Fintech Banking Interesection)
  • Reasonable hit rate for the idea, How it can pivot to related ideas
  • FiveTran developed based on rejections
  • Ideas hard to get started, boring space
  • Shy away from boring ideas
  • Apps to find next restaurant to try
  • Apps to find following similar songs
  • After sometime writing code / fixing bugs / 6~12 months to see it working
  • Notice ideas / organically
  • Keep Collecting / Accumulating ideas
  • Become an expert in a space / work at startup / observe trends / patterns
  • Build on your interesting ideas
  • Build idea that best fits team skills
  • A good mix of domain + tech + mobile skills makes up a great team
  • What problems you have come across, What you observed from your work
  • Things you wish existed
  • Work to understand inside views / perspectives

Keep Exploring!!!

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