How to evaluate a Startup idea?(sergiutruta.com)
sergiutruta.com
How to evaluate a Startup idea?
http://www.sergiutruta.com/2007/05/06/how-to-evaluate-a-startup-idea/
4 comments
thanks for the link. felipe wrote down a criteria, but he only refers to new ideas. not all businesses start from new ideas. hey, when Google started, there were a lot of search engines available, right? :)
When you come-up with an idea for a startup, how do you evaluate it? How do you conclude that it's good, that it has potential to become a good service? Let me know what you think about the criteria I've described into this short article.
Here is a previous news.yc post on a related subject: http://news.ycombinator.com/comments?id=13035
She and her partners created a list of gating criteria, by which she means "how will we know if this is the right venture for us?"
Their list included:
- something that would catch on virally
- redefining a category based on a user experience challenge, because we are a user experience firm
- solid revenue model
- relevance to our ecosystem
http://edcorner.stanford.edu/authorMaterialInfo.html?mid=1561
I think the gating criteria themselves are probably specific to the partners and their skills and passions, but the concept that you get the team first, come up with a whole bunch of ideas and throw out 95% of them based on specific, well-thought-out criteria, is a good one.