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Startup Validation: Difference between revisions
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== Product / Product-Market-Fit / Demand / Market == | == Product / Product-Market-Fit / Demand / Market == | ||
* Has the product gone through iterations? For how long is the product already in its current | ==== Vision ==== | ||
* What is the Mission and Vision of your company? | |||
* Do you have an exit plan? | |||
==== Product ==== | |||
* Has the product gone through iterations? For how long is the product already in its current iteration? | |||
* Can you sketch the growth curve during the different product interaction stages? | * Can you sketch the growth curve during the different product interaction stages? | ||
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* Which % marketshare do you think you can obtain and hold longterm. Why? | * Which % marketshare do you think you can obtain and hold longterm. Why? | ||
* How do you market your product? How high are your Costumer acquisition costs and costumer lifetime value? | * How do you market your product? How high are your Costumer acquisition costs and costumer lifetime value? | ||
==== Revenue ==== | |||
* How much how much realistic revenue can you generate with your current vertical? | |||
* What are you expansion plans? Which verticals are you going to tackle next? When will you tackle those vertical? | |||
==== Roadmap ==== | |||
* Do you have a built out roadmap? How did you construct that roadmap? How do you decide what to focus on? Are you willing to share that roadmap? | |||
* Do you have concrete plans to pivot if plan A is failing? | |||
==== Exit ==== | |||
* Are you targeting an exits or do you want to try staying independent? | |||
* What are your exit options? Who could be interested in buying you? | |||
* In which timeframe and at which valuation could an exit be realistic? | |||
* Which kind of terms did you agree with lead investors on? (Liquidations preferences, drag/tag along etc.) | |||
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* Does any of the core team members have a side hustle or is this startup even the side hustle? | * Does any of the core team members have a side hustle or is this startup even the side hustle? | ||
* Is the team genuinely driven by a deep mission and vision or do they want to make a quick buck? | * Is the team genuinely driven by a deep mission and vision or do they want to make a quick buck? | ||
* What is the work-life balance of team members? | |||
==== Skills ==== | ==== Skills ==== | ||
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* Are all necessary skillsets presented in the team to make it a success? If no: Which skills are missing? | * Are all necessary skillsets presented in the team to make it a success? If no: Which skills are missing? | ||
* Do we believe that team members have a growth mindset and the ability and passion to excel in their work areas? | * Do we believe that team members have a growth mindset and the ability and passion to excel in their work areas? | ||
==== Workflow ==== | |||
* How is the team working together? (Remote, in-person) | |||
* How are decisions taken? | |||
* How is work split? | |||
* Which tools does the team use for planning, coordination, communication etc.? | |||
==== Recruiting ==== | |||
* How do you plan to spend the raised money? | |||
* Which positions are you going to recruit for first? | |||
* Is there going to be an employee stock option plan? | |||
* What are you looking for in your first employees? | |||
* What is your recruiting strategy? How do you plan to build your recruiting funnel? | |||
== Competition == | == Competition == | ||
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* Do you have an unfair/sustainable advantage over your competition? | * Do you have an unfair/sustainable advantage over your competition? | ||
* Which type of players are you seeing as your most serious challengers in the next years? | |||
* In what… | * In what… | ||