Screening Startup Ideas

In reviewing startup ideas here is a list to screen them:

Are you excited about the idea or just okay with it?

You should have some sense of excitement about it.

Does anyone else think it’s a good idea?

It helps to have some validation from others, especially those on your team.

Can you find someone willing to pay for it?

While it may not be a full market test, it’s helpful to know that someone will pay for it.

Are you the right person for this idea?

There should be a fit with your skills and experience.

Is now the right time to pursue this idea?

Timing is important to startup success and should be at play here.

Ask yourself how many of these apply to your startup idea to see if you should pursue it.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.

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Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

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Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.