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I think the biggest thing here is, "What you’re looking for is a genuinely thoughtful response." If you are holding back a secret on how you'll solve the proble
by jimminy 14y ago
I think the biggest thing here is, "What you’re looking for is a genuinely thoughtful response." If you are holding back a secret on how you'll solve the problem, and do get such responses; you'll hopefully know which it is.
If you are given that genuinely thoughtful response, it will come with the problems with your idea and the reasons that they think there are problems. You can then compare this information to your secret information. If the problems they present match up, and you have plans to solve them, that's great; if they come up with something you had missed, either a different reason or a widely different problem, you may need to rethink the idea.
Of course, this process isn't going to be 100%, and you're still going to have to some faith in that what you believe is correct, but it's a decent process to go through.
I also don't believe you always have to take the non-obvious route, it is just likely to have less direct competition and a higher risk/reward vs an obvious problem.
- intellegacy 14y agoYep, its the classic road less traveled idea. Greater risk that you'll get eaten or find nothing at all, but also greater chance you'll strike it big. Its interesting how many different kinds of startup strategies there are. Some take the unexplored route and flail about trying to find a business model or concept that sticks. Others just copy what others are doing and attempt to out-execute / outcompete. The correct strategy probably has a lot to do with the strengths of your founding team. If you are all execution monsters then choosing a well-traveled space and out-executing everyone is a play that could work well. If you have a founder with unique vision, then following him into the Blue Ocean could prove extremely lucrative.