Evaluate Startup Ideas in 5 Minutes

In this video we’re going to find out if your Startup Idea is good or maybe even great - I will show you a system that will let you evaluate a Startup idea in less than 5 minutes. Anyone can use this very simple system.

We use 5 factors, you answer 5 simple questions. The factors are:
- Product
- Acquisition
- Market
- Defendability
- Buildability

I will walk you through every single question. After this simple exercise, you actually have a score that tells you how good your startup idea really is. Get the right score and you might just have a great Startup Idea!

Raw Startup Blog:

Chapters
0:00 Introduction
2:33 Product
3:25 Acquisition
4:15 Market
4:51 Defendability
5:48 Buildability
6:38 Startup Idea Score Calculation

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#EvaluateStartupIdeas #StartupIdeas #Startup

[rasmustchristensen]

Tested 2 ideas score 18 vs. 72(108) . I made a tweak to the last one. This is a brilliant framework for quick validation, really like the questions

[Qtzzzip]

72 😮I wasn't even feeling optimistic before the test. LET'S

[relaxation]

We came up with this framework in the past:

Value/differentiation
Market size
Skills/resources
Feasibility
Time horizon
Risk
Financial prospects
Excitement

We scored them quantitatively from 1 to 10, then computing the average.
But deciding qualitatively.

[idabrinck-lund]

Three founders. Proud to say the most sceptic founder got 24 points, the realistic strategist 36 and the visionbearer original founder 72 (of course 🤪) Excellent then to move on to product market fit video as brainstorm inspiration for our next mvp. Mega appreciate your videos Heini. Cudos

[thusspokezarathustra]

One of the most important videos I have seen on this platform. THANK YOU!

[ronylussari]

That was great, I have just missed the problem valuationit's kinda implied on the acquisition, but for me, is important to think problems first.
Maybe something like:

How likely is that the problem is so strong that people would use regularly for even a beta / unfinished version of a solution?

0 - No, it needs to be perfect for people to use.
1- Yes, if it is free
2 - Yes, if it's cheap ($1-$10 or small % fee)
3- Yes, even if the price is close to close to $100 or large % fee (~20%).

*for B2B, price x 10

[warrior-rs]

Scored a solid 24. I'm curently a sole founder bt hopefully will get a great team to work with.

[ant_pou]

36. You've created a brilliant method. Thank you!

[arturet]

I saw this video some time ago, but I kept some of the tips in my mind. The concept if my product is 10 times better, encourages me to make my best candidancy to Vivino.

[walternaeslund]

Love this. Missing one parameter though: Do you love this and will you love working on it for a decade+. Case in point: Vivino vs BullGuard. Love the channel. ✨🚀

[playersrkn]

Very nice framework, now I can see better the parts of I need to focus and improve more

[sarazaanine]

We have a subject at my university where we were tasked with finding a startup idea and explaining how we would bring it to fruition. My idea received a score of 36.☺

[Dorian_Barber]

108 score, except my truck broke and repair cost me $10, 000.

Funding isn’t necessarily an issue for me, I would have put being able to afford it down to a 2 just because of my truck problem I paid for before starting my app, but I know I’ll have the cash for it soon enough so I’ll give it a 3. Damn truck😅

Now I’m dedicated, so I’ll never give up. I believe in this.

[islandliving]

Went through the exercises twice with my business partner. On the 1st pass we scored a 72, we went double pessimistic on the 2nd pass and scored a 24. Now to find a Hustler to join the team to up the score of questions #2.

[PrinceSathawa]

Thanks for the wonderful information.will start following you

[talentsherpa]

Thank you. You break it down to its simplest common denominator

[JuanUprise]

72, probably why I’ve had an easy time attracting very talented people. Thank you so much for your content by the way it has been very helpful in my investor pitches.

[juliawilliams]

2, 2.5, 3, 2, 2. Thank you, I needed this.

[nat.serrano]

Great framework and actually makes sense

[Ayplus]

Used your grading scale for a new app I'm working on. Nice