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Startup Validation: Difference between revisions
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== Team == | == Team == | ||
==== Motivation ==== | ==== Motivation & Formation ==== | ||
* What has been your motivation to start your startup? Who was the original founder of the startup? | * What has been your motivation to start your startup? Who was the original founder of the startup? | ||
* How long is the Team already working together? How did you find each other? How is equity and voting power split? | * How long is the Team already working together? How did you find each other? Why did you decide to work together? | ||
* How is equity and voting power split? | |||
* Which values are important for your company? Which goals are important? Do different team members bring different accents into this? | * Which values are important for your company? Which goals are important? Do different team members bring different accents into this? | ||
* What | * What are the background situations and personal goals of team members? | ||
* Does any of the core team members have a side hustle or is this startup | * Does any of the core team members have a side hustle or is this startup the side hustle? | ||
* | |||
==== Workflow ==== | |||
* How is the team working together? How do you imagine the company will work together? (Remote, in-person etc.) | |||
* How are important decisions taken? How do you split work? | |||
* How & Why did every team members choose their area of study and work? Which area of work is each team member the most excited or passionate about? | |||
* Are there core beliefs or principles that shape your work? | |||
* Do you have one official managing director/ceo? | |||
* Which tools does the team use for planning, coordination, communication etc? | |||
* What is the work-life balance of team members? | |||
* How do you resolve conflicts? | |||
==== Skills ==== | ==== Skills ==== | ||
* Which previous and relevant experience do team members have? | * Which previous and relevant experience do team members have? | ||
* Do you have prior startup or leadership experience? | |||
* 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? | ||
==== Recruiting ==== | ==== Recruiting ==== | ||
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* How do you plan to spend the raised money? | * How do you plan to spend the raised money? | ||
* Which positions are you going to recruit for first? | * Which positions are you going to recruit for first? | ||
* What are you looking for in your first employees? | |||
* Is there going to be an employee stock option plan? | * Is there going to be an employee stock option plan? | ||
* What is your recruiting strategy? How do you plan to build your recruiting funnel? | * What is your recruiting strategy? How do you plan to build your recruiting funnel? | ||
* Do you have any prior experience with recruiting? | |||
==== Service providers ==== | ==== Service providers ==== | ||
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==== Vision ==== | ==== Vision ==== | ||
* What is the Mission and Vision of your company? | * What is the Mission and Vision of your company? | ||
* Where do you want to be in 5 or 10 years? | |||
* Do you have an exit plan? | * Do you have an exit plan? | ||
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* What would you say are the biggest risks when investing in your company? | * What would you say are the biggest risks when investing in your company? | ||
* What would you say are the biggest weak points of you business model? | * What would you say are the biggest weak points of you business model? | ||
* Where do you personally think you have the biggest blind spot and is there a team member who covers it for you? | |||
== Competition == | == Competition == | ||