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Startup Validation: Difference between revisions
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* 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? Why did you decide to work together? | * How long is the Team already working together? How did you find each other? Why did you decide to work together? | ||
* Why did you decide to join a startup opposed to joining a corporate? | |||
* How is equity and voting power split? | * 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? | ||
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* How is the team working together? How do you imagine the company will work together? (Remote, in-person etc.) | * 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 are important decisions taken? How do you split work? | ||
* Are there core beliefs or principles that shape your work? | * Are there core beliefs or principles that shape your work? | ||
* Do you have one official managing director/ceo? | * Do you have one official managing director/ceo? | ||
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* Which previous and relevant experience do team members have? | * Which previous and relevant experience do team members have? | ||
* 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? | |||
* Do you have prior startup or leadership experience? | * 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? | ||
* Which areas of building the startup will be first time challenges for team members? | |||
==== Recruiting ==== | ==== Recruiting ==== | ||
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* Which business partners does your business model depend upon? | * Which business partners does your business model depend upon? | ||
* How many different partners do you need? | |||
* How large is the pool of potential partners you can work with? | * How large is the pool of potential partners you can work with? | ||
* How many potential partners did you already contact | * How many potential partners did you already contact or had discussions with? What are conversion rates when reaching out to people? | ||
* How far progressed | * How far progressed are contract discussions with potential partners? | ||
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* In what… | * In what… | ||
==== Moats ==== | ==== Businessmodel & Moats ==== | ||
* What is the endgame in your market? How strong are network effects? How much consolidations are you expected to see? | * What is the endgame in your market? How strong are network effects? How much consolidations are you expected to see? | ||
* What is the most valuable resource in your business? What will be the deciding factor which businesses are going to be successful or not? | |||
* How will one business be able to take market share from the other? (Better product, pricing etc.) | |||
* Which types of moats are you hoping to build for your business? | * Which types of moats are you hoping to build for your business? | ||
* What are power dynamics between different players in your market? | * What are power dynamics between different players in your market? | ||