Testing Your Ideas

After generating ideas for your startup, you’ll need to test those ideas.

Consider these points in your evaluation:

Research the market on the product you intend to build and sell.

Is it big enough and growing fast enough for a venture deal?

Who is the competition and how are they positioned in the market?

How saturated is the market and where are the open spaces?

How differentiated will your product be and will that be enough to win customers?

What do the comments on social media platforms indicate about the market’s view of current products?

How scalable is the proposed product?

Will the product and its business model generate high growth?

What is the break-even point for the proposed product?

How much funding will need to be raised to achieve the product launch?

Finally, what is the channel to the market?

Test your startup ideas with these questions before committing to 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.