Tag Archives: startups

Vetting a Startup

I just found a great blog post on the topic of vetting a startup.

A few takeaways:

  • It has to be more than a good idea
  • What it boils down to is are people willing to pay for the service/product.
  • In fact, have them hand over actual money
  • In may not work for the “Twitters” of the startup world
  • You’ll know that you’ll have revenue as soon as you have a working product

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Lean Startup – Approaching customers

This is how I was trying to explain to my last business partner how to approach clients. This is the way to do it:

You want to talk to customers about their problem first, and then only if you get confirmation that your hypothesis is mostly correct, should you proceed to talk about your solution.