2,756
edits
Startup Validation: Difference between revisions
no edit summary
No edit summary |
No edit summary |
||
| Line 66: | Line 66: | ||
== Market, Product & Competition == | == Vision, Market, Product & Competition == | ||
==== Vision & growth journey ==== | ==== Vision & growth journey ==== | ||
| Line 99: | Line 99: | ||
* Can you sketch the growth curve during the different product interaction stages? | * Can you sketch the growth curve during the different product interaction stages? | ||
==== Moats | ==== Competition & Moats ==== | ||
* What is the endgame in your market? How strong are network effects? How much consolidation are you expecting to see? | * What is the endgame in your market? How strong are network effects? How much consolidation are you expecting 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? | * What is the most valuable resource in your business? What will be the deciding factor which businesses are going to be successful or not? | ||
| Line 107: | Line 106: | ||
* Which types of moats are you hoping to build for your business? | * Which types of moats are you hoping to build for your business? | ||
* Are there any moats that competitors have which are not obtainable for you? | * Are there any moats that competitors have which are not obtainable for you? | ||
* What are power dynamics between different players in your market? (e.g. between | * What are power dynamics between different players in your market? (e.g. between you and your vendors/partners and costumers) | ||
* How are contracts structured generally speaking? | * How are contracts structured generally speaking? | ||
* What are your two biggest direct competitors and who are your two biggest indirect competitors? | * What are your two biggest direct competitors and who are your two biggest indirect competitors? | ||
* Are there similar products on the market yet? If yes which ones? | |||
* Which type of players are you seeing as your most serious challengers in the next years? | * Which type of players are you seeing as your most serious challengers in the next years? | ||
==== Clients & Partners ==== | ==== Clients & Partners ==== | ||
| Line 117: | Line 117: | ||
* How many potentially clients/partners did you already had talks with it? | * How many potentially clients/partners did you already had talks with it? | ||
* How difficult is it to identify and start conversations with potential clients/partners? How difficult is it to convert? What are your conversion rations? How far progressed are contract discussions? | * How difficult is it to identify and start conversations with potential clients/partners? How difficult is it to convert? What are your conversion rations? How far progressed are contract discussions? | ||
* Do you currently have clients signed? If yes which ones? | * Do you currently have clients/partners signed? If yes which ones? | ||
* | * Does your business model depend upon certain business partners? | ||
* How many different partners do you need in order for your business to succeed? | * How many different clients/partners do you need in order for your business to succeed? | ||
* How large is the pool of potential partners you can work with? Which % of them do you need to sign in order to succeed? | * How large is the pool of potential clients/partners you can work with? Which % of them do you need to sign in order to succeed? | ||
==== Regulatory ==== | ==== Regulatory ==== | ||
* Which regulatory challenges are you facing? | * Which regulatory challenges are you or the industry facing? | ||
* How can you solve those challenges? | * How can you solve those challenges or even provide a solution for them? | ||
* Are you able to fully comply with regulatory demands or do you need to take certain regulatory risks? | * Are you able to fully comply with regulatory demands or do you need to take certain regulatory risks? | ||
* How fast is the regulatory environment changing? | * How fast is the regulatory environment changing? | ||
| Line 133: | Line 133: | ||
==== Co-Investors ==== | ==== Co-Investors ==== | ||
* Have you been looking for investors? Who did you talk to before? With how many investors have you been talking? | * Have you been looking for investors? Who did you talk to before? With how many investors have you been talking? | ||
* How many VCs are active in your space? How large are they? | * How many VCs are active in your space? How large are they? (aum) | ||
* Do you currently have investors? If yes who are they? | * Do you currently have investors? If yes who are they? | ||
* Which conditions did you have in your last funding round? (size, structure) | * Which conditions did you have in your last funding round? (size, structure) | ||
| Line 139: | Line 139: | ||
* Do you vest your own shares? If yes over which period? | * Do you vest your own shares? If yes over which period? | ||
==== Legal Structuring ==== | ==== Legal Structuring & Governance ==== | ||
* How are you planning to structure your current funding round? | * How are you planning to structure your current funding round? | ||
* How do you plan to structure the angel part of it? | * How do you plan to structure the angel part of it? | ||
* Are there any specifics in the term sheet a potential angel investor should know about immediately? | |||
* At which point do you plan to establish a board? | * At which point do you plan to establish a board? | ||
==== Working together ==== | ==== Working together ==== | ||
* What are you looking for in a business angel? | * What are you looking for in a business angel? What is important for you when working together? | ||
* How much access & transparency would a business angel have? | * How much access & transparency would a business angel have? | ||
* How do you plan to keep your investors up to date? | * How do you plan to keep your investors up to date? | ||