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

The blog post gets into more of the details, if you’re interested.

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