How to Identify and Kill Bad Startup Ideas Masquerading As Good Ones
Podcast: Idea to StartupPublished On: Wed Sep 13 2023
Description: Today, we'll lay out a framework to help you identify and kill bad ideas. It's hard to objectively evaluate your idea early on - this framework helps you rise above your idea to do it effectively. A side-effect is that the framework will help you find and pursue the good ideas.We talk through 1) Finding and Evaluating the Real Risk, 2) Predicting Organic Growth Potential, and 3) Predicting the Likelihood of Converting Early Customers, using a startup idea from a listener as an example. TackleboxKunal Shah Delta 4Dig out of a Hole Idea to Startup Episode - The Four Characteristics of Great Startup Ideas00:25 - Killing Bad Startup Ideas02:00 - The Three Pillars of the Will Your Idea Fail Framework02:45 - The Startup Idea - AI Messaging for Plumbers and Electricians03:15 - Dig out of a Hole Markets link to episode05:56 - Smooth Jazz06:24 - Part 1 - How to Find and Evaluate the Real Risk07:35 - Flipping your biggest risk to your biggest strength11:00 - Decisions aren’t made in a bubble13:45 - Part 2 - Predicting the Organic Growth Potential14:00 - Kunal Shah Delta 4 Scale17:41 - Part 3 - Predicting whether you’ll actually be able to get first customers to convert18:49 Managed by Q
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