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Startup IdeasHow do you find great ideas? How do you evaluate them?
• @paulg
• @sama
• @eriktorenberg
• @Austen
• @cdixon
• @lennysan
• @shl
7 thoughts from 7 deep thinkers…
1/ “Live in the future, then build what’s missing.”
-- @paulg
Pillars of a great idea:
• Something founders themselves want
• Something the founders can build
• FEW others realize the value of it
-- @paulg
Pillars of a great idea:
• Something founders themselves want
• Something the founders can build
• FEW others realize the value of it
2/ @sama
The Question: Could this be huge if it works?
“There are many good ideas in the world, but few of them have the inherent advantages that can make a startup massively successful.”
The Question: Could this be huge if it works?
“There are many good ideas in the world, but few of them have the inherent advantages that can make a startup massively successful.”
3/ @eriktorenberg’s 6 frameworks
1) Be in a position to viscerally feel problems that matter
2) Pick something boring
3) Find founder market fit
4) Leverage enabling tech
5) Use tech to reduce friction for a human desire
6) Unlock new supply (ie: Uber for taxis)
1) Be in a position to viscerally feel problems that matter
2) Pick something boring
3) Find founder market fit
4) Leverage enabling tech
5) Use tech to reduce friction for a human desire
6) Unlock new supply (ie: Uber for taxis)
4/ @Austen
“Find something used by millions of people that everyone hates using.
Usually you’ll find a monopoly, rent seeking somehow, often regulatory capture.
Find away to end-around that market.”
“Find something used by millions of people that everyone hates using.
Usually you’ll find a monopoly, rent seeking somehow, often regulatory capture.
Find away to end-around that market.”
5/ @cdixon
“Good startup ideas are well developed, multi-year plans that contemplate many possible paths according to how the world changes.”
Map out your idea:
1) History
2) Analogy (compare to similar businesses)
3) Theories
4) Direct experience
“Good startup ideas are well developed, multi-year plans that contemplate many possible paths according to how the world changes.”
Map out your idea:
1) History
2) Analogy (compare to similar businesses)
3) Theories
4) Direct experience
6/ @lennysan on evaluating business ideas…
Do people really want this?
Do enough people really want this?
What has changed that now allows for this to work?
Can you acquire these people efficiently?
Is this the right team to build this?
Can you stay on top?
Do people really want this?
Do enough people really want this?
What has changed that now allows for this to work?
Can you acquire these people efficiently?
Is this the right team to build this?
Can you stay on top?
7/ @shl
“The best startup ideas come from the intersection of new technology and an old human need.”
“The best startup ideas come from the intersection of new technology and an old human need.”
Sources:
1) How to Get Startup Ideas - http://www.paulgraham.com/startupideas.html
2) Idea Generation - http://blog.samaltman.com/idea-generation
3) Erik’s Tweet Thread - https://twitter.com/eriktorenberg/status/1243820695047421953?s=20
1) How to Get Startup Ideas - http://www.paulgraham.com/startupideas.html
2) Idea Generation - http://blog.samaltman.com/idea-generation
3) Erik’s Tweet Thread - https://twitter.com/eriktorenberg/status/1243820695047421953?s=20
Sources (cont):
4) The idea maze - http://cdixon.org/2013/08/04/the-idea-maze
5) Evaluating a business idea - http://www.lennyrachitsky.com/p/evaluating-a-marketplace-business
4) The idea maze - http://cdixon.org/2013/08/04/the-idea-maze
5) Evaluating a business idea - http://www.lennyrachitsky.com/p/evaluating-a-marketplace-business
