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An interesting take. Even though the "just do it" mentality has merit, the crucial issue for me is identifying a startup area/idea that solves a real problem th
by kgtm 16y ago
An interesting take. Even though the "just do it" mentality has merit, the crucial issue for me is identifying a startup area/idea that solves a real problem that real people are willing to pay real money to have solved.
- Macsenour 16y agoI'll splice it even thinner, I think there's a difference between starting a company with a potential $50 product, and a company with a $1 product. Convincing someone to spend $1 on a crazy but needed solution is much easier than $50. Add that to the mix.
- amirkhella 16y agoActually my experience is almost the opposite. Raising the price of the product made more people buy. There is something to be said about price/value perception.
- kirbman89 16y agoI agree. Read the book eBoys-The First Inside Account of Venture Capitalists at Work . The first few chapters reflect this message and may amaze you.
- amirkhella 16y agoI found two simple (but not necessarily easy) paths: - Solve a problem that YOU are suffering from. Just make sure enough people have the same problem. - Use Google keyword search ;)
- johniet 16y agoIt's impossible to determine if the startup area solves a real world problem without talking to people who you think have the problem. And it helps if you can show them your potential solution, even if it's just a hand-drawn mockup. Go talk to the people who have the problem, and get their take.
- kgtm 16y agoThe obvious issue for me is how to arrive to that list of potential problems in order to be able to later benchmark a solution/product idea. Randomly brainstorm? Focus on areas i am passionate about? Professional domain? All of the above? Maybe a new term should be coined akin to writer's block: The entrepreneur's block!
- vitorbal 16y ago1) Try thinking of things that happen during your day that piss you off and/or that you think could be easier to do. 2) Stop to think if they could be resolved by means of a computer. 3) Think of how a computer could help you resolve it. 4) Examine if your idea has any potential problems that could explain why no one has tried (and succeeded on) doing this before. 5) Start talking to your friends