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
David Parkx.comHow 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
Pay particular attention to adjacent markets that are growing quickly. Positioning yourself in a growing market has obvious benefits: a rising tide of customer interest, media focus and buzz, and the appearance of being new and cool—who doesn’t want that? But be careful—simply wanting to belong in a market doesn’t make it the right one for you. Onl
... See moreApril Dunford • Obviously Awesome: How to Nail Product Positioning so Customers Get It, Buy It, Love It
The hardest part in starting a $100m business: picking the right idea to work on.
Pick wrong and you’ll spend years working away with little to no results.
Pick right and you'll have a much better chance to succeed.
Here’s how I’ve decided what ideas to work on…
Gagan Biyani 🏛x.comA lot of advice I gave this batch was some version of noticing that one thing the company was doing was working, and encouraging them to prune everything else and focus on that one thing.
For example, it's reasonable to try 5 different ways to get users, but if one of them works best, you should probably pause the other... See more
Jared Friedmanx.com