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Idea

An idea is a solution of a problem faced by the founders(s) of a startup. The idea is then worked upon to create a business around it by bringing in technology, processes and strategy, monetization opportunities, relevant skills and finally product or platform. An idea in itself may not be a business but can pave way to a biz, by vetting it very early to avoid failure.

Personal Experience

Most successful startups are result of a personal problem faced by an individual r a group of people. Hence it is said, one cannot solve a problem unless one has experienced it! Successful Entrepreneurs solve their real life problems through technology and build their business around it.

Founding Team

A startup is borne out of a problem faced by individuals or a group of individuals who can alone or together solve the problem. However since a biz needs people with different skill sets, a team can always doa better job than an individual. Success & future of a startup can be judged based on profiles of team members and their past association..

 
 
 

Survive >>

Idea

An idea is a solution of a problem faced by the founders(s) of a startup. The idea is then worked upon to create a business around it by bringing in technology, processes and strategy, monetization opportunities, relevant skills and finally product or platform. An idea in itself may not be a business but can pave way to a biz, by vetting it very early to avoid failure.

Personal Experience

Most successful startups are result of a personal problem faced by an individual r a group of people. Hence it is said, one cannot solve a problem unless one has experienced it! Successful Entrepreneurs solve their real life problems through technology and build their business around it.

Founding Team

A startup is borne out of a problem faced by individuals or a group of individuals who can alone or together solve the problem. However since a biz needs people with different skill sets, a team can always doa better job than an individual. Success & future of a startup can be judged based on profiles of team members and their past association..

Technology Stack

The Tech Startup is all about providing tech solution to a real human problem. Since Technology is the great enabler, building tech solution is not only critical but also challenging. A tech solution can be a great differentiator while creating valuable intellectual properties for a startup. To build cutting edge tech solution is always the best strategy.

Use Cases

It is must to test the solution in a controlled environment as the need is to integrate tech solution with business objectives, to define standard operating procedure by creating POC This stage of Product Development is critical to business and can make or break a venture

Personas

After testing individual elements of the business, Startup needs to test a KVP system that actually provides value to the customers/users. MVP should encourage the users to provide feedback as well as capture user behaviour that can be useful to improve the products & services from features & functionality perspective

Find Mentor

New businesses and entrepreneurs may not always realize it, but they need solid direction to succeed. Mentors play an invaluable role in providing solid direction and channelizing entrepreneurial energy in the right direction.

Research

Apart from secondary research, detailed primary research is necessary to validate an Idea. An entrepreneur must find out the Potential, Addressable, Served & Servable Markets. Mentors, through their experience should be to validate the the research as well as extract valuable insight form the research that can help structure the biz.

POC

It is must to test the solution in a controlled environment as the need is to integrate tech solution with business objectives, to define standard operating procedure by creating POC This stage of Product Development is critical to business and can make or break a venture

MVP

After testing individual elements of the business, Startup needs to test a KVP system that actually provides value to the customers/users. MVP should encourage the users to provide feedback as well as capture user behaviour that can be useful to improve the products & services from features & functionality perspective

Analytics

Post MVP tracking the user behaviour and collecting data on user engagement & interaction to draw valuable insight in their purchasing/paying behaviour. Over a period of time analyse the data, look for trends and identify the underlying drivers that can help you make decision based on real data and not abstract logic.

Angel Investors

As the name says, they are real angels as they want to pay back the society and perhaps make money by helping younger people get a start and helping meaningful products get to market. Things to remember: they are no suckers but are thorough pros, they deserve the same treatment as a VC and are normally found through networking with entrepreneurs and other angels.

Seed Funds

Raising monies form Venture Capitalist is a very important step in a Startup Survival cum scale stage. Venture capital, along with their investment, can open doors, kick start the sales, help develop partnerships, find future investors, prevent you form making mistakes, find right talent, make world take notice of a startup and its founders.