3 ms·
To help me with something similar, I score my ideas against a number of measures and questions. It's helped me choose something to build over the last 6 months
by smarri 2y ago
To help me with something similar, I score my ideas against a number of measures and questions. It's helped me choose something to build over the last 6 months or so.
They are;
### Idea Validation
- Is this - Unworkable (consequences for the user are serious if not addressed)
- Is this - Unavoidable (something the user needs to do)
- Is this - Urgent (and needs to do now, number 1 thing)
- Is this - Underserved (MVS isn't served)
- What is the Minimal Viable Segment
- Is this - Blatant and Critical?
- Is this - Latent and Aspirational?
- What are the - Dependencies
- What are the - External Factors
- Could there be a - Backlash
- Is the timing good
- Is this - Discontinuous
- Is this - Disruptive
- Is this - Defensible
- Describe the - Before / After
- Is this - Gain / Pain > 10
- How big could it be 1 - 10
- Founder / Market fit (am I an expert?) 1 - 10
- How sure are you that this is solving an acute problem & do I have personal experience 1 - 10
- Have a new insight (maybe counterintuitive insight) 1 - 10
- Has this only recently become possible?
- Are there network effects
- How frequent a problem is this
- Is this a 0 to 1 idea
- Can this be a monopoly
- Can it make money
- Could I work on this for 10+ years
- Could I build this
### Value Prop Statement
- This is for (target customer)
- who is dissatisfied with (existing solution)
- due to (key unmet needs)
- We offer (venture name & product category)
- That provides (benefits of solution - not better, faster, cheaper)