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Thanks for taking the time to read the post. We plan to write more posts to share more about the process as we go through it. I was surprised that I couldn't fi
by byoung2 12y ago
Thanks for taking the time to read the post. We plan to write more posts to share more about the process as we go through it. I was surprised that I couldn't find any specific numbers for lean startups. I wanted to know if we were over/under what others are spending to validate an idea. I guess someone has to be first!
Market validation could be a post (or book) of its own. Before writing any code, we did surveys to see what people thought about the idea in general and to gauge the need for a product like ours[1][2]. We got quite a few responses to the survey, and we were actually surprised at some of the responses. For example, 53% of people said they wanted our product to support their existing email address. Then a later question asked them to check off pain points. Then we asked again, if we could eliminate half of the pain points they checked, would they ditch their existing email address, and 78% said yes. The biggest pain points identified were too much email, can't organize email, can't search email, and email not being secure. If we could solve 2 of those (we actually solve all 4), we could get 78%. That was encouraging.
1. http://www.reddit.com/r/SampleSize/comments/29hpfk/marketing_lets_admit_it_email_sucks_what_do_you/ http://www.reddit.com/r/SampleSize/comments/29hpfk/marketing...
2. https://news.ycombinator.com/item?id=8051078 https://news.ycombinator.com/item?id=8051078