22 Vital Startup Tips From Y Combinator | Houck's Newsletter
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22 Vital Startup Tips From Y Combinator | Houck's Newsletter
A great business idea isn’t enough. You need to quickly and cheaply test your assumptions to establish whether your product meets the needs of a market and fills this niche well enough for people to pay for it. The early days of a startup should involve constraint testing, tweaking and learning with the ultimate goal of discovering product/market f
... See moreWill Schmidt • The 30 Day Startup: How to Create a Successful Tech Startup in 6 Weeks for Less than $50K
Types of customers Customer problems A day in the life of your customers Organizational map and customer influence map ROI (return on investment) justification Minimum feature set
Steve Blank • The Four Steps to the Epiphany: Successful Strategies for Products that Win
An easy exercise for this is to rate all ideas on a scale of 1–5 in three categories: How severe is the problem; How big is the market; The level of confidence — based on gut feeling — you believe you will be able to build something that is innovative and that can grow fast.
Attila Szigeti • Startup Studio Playbook: For entrepreneurs, pioneers and creators who want to build ventures faster and with higher chance of success. Master the studio framework and start building.
How I would choose my next startup idea:
1. It must be a product in a growing market. Startups can take years or even decades to fully develop, don’t risk creating an amazing product just to have the user base dry up.
2. The value of the product must increase over time. For example, as you upload more to a social media platform and make more friends,... See more
1. It must be a product in a growing market. Startups can take years or even decades to fully develop, don’t risk creating an amazing product just to have the user base dry up.
2. The value of the product must increase over time. For example, as you upload more to a social media platform and make more friends,... See more
David Park • Tweet
Here is your plan: Craft a Unique Value Proposition Hypothesis: A value proposition is a clear statement that describes the unique benefit your solution offers to your target customers. It should be easy to understand, memorable, and compelling. To develop a winning value proposition, you must test your hypotheses against market realities. This wil
... See more