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HOW TO VALIDATE YOUR IDEA
OF A STARTUP
To create a valuation story and then exit
the business
To make it a success which can be
measured in the form of profit and
bottom line and create a significance to
society.
Does it make any difference in the
minds of VC’s
How does one measure if the startup is
moving from a success to significance?
How would you define successful
startup and significant impactful startup?
Some of the questions which also need to
be answered are:
WHAT IS YOUR
ULTIMATE GOAL
OF
A STARTUP
How do you decide if your idea is right or
wrong? In other words does your ideas has
potential to grow in a successful startup.
VALIDATION OF A
IDEA FOR
STARTUP
In order to simplify this I have designed a
validity matrix box which will make it easier
to identify the type of idea.
Each idea will logically fall in one of the boxes
of the validity matrix and will take a probable
route while evolving in due course.
Once the idea box is identified the next
slides will help you to visualize the potential
road map of the idea. This would then help
you to do more research in the areas of
scalability. Growth etc.
VALIDITITY
MARTIX FOR YOUR
STARTUP
IDEA
Idea
It is addressing
existing pain point.
Make consumer
aware of the pain
point.
Create a convenient
market place and
reduce the customer
effort.
Show him a simplest
way of performing a
task and thereby create
a need.
ROADMAP AHEAD -
IDEA ADDRESSING
A EXISTING PAIN
POINT
The idea should compel the consumer
to be able to identify himself with the
product or service.
The idea will meet the competitors
early on.
The idea of the product or service
should be a differentiator.
ROADMAP AHEAD -
MAKE HIM AWARE OF THE
PAIN POINT AND CREATE
A NEED FOR YOUR
PRODUCT OR SERVICE –
In absence of any solution consumer
will believe that there is no better way to
do it. This amount to innovation.
Create a product or service which will
show him a better way to do it.
Create a product or service which is
scalable.
Ideate a product which would be
simple yet effective to use or avail it.
It should be easily available and
available for mass consumers.
ROADMAP AHEAD -
SHOW CUSTOMER THE
SIMPLEST WAY OF DOING IT
AND THEREBY CREATING A
NEED FOR THE SOLUTION –
It should give him access to compare,
experiment, try and decide.
It should reduce his efforts, time and
should be simple to source or avail.
It should cut across geographies to give
him flexibility of buying or availing from
his place.
ROADMAP AHEAD -
CREATE A CONVENIENT
MARKET PLACE OR
TECHNOLOGY TO REDUCE
HIS EFFORTS –
corporaterecipes@gmail.com
Email address
https://www.corporate-recipes.com/
Website

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Validation of idea for a start up

  • 1. HOW TO VALIDATE YOUR IDEA OF A STARTUP
  • 2. To create a valuation story and then exit the business To make it a success which can be measured in the form of profit and bottom line and create a significance to society. Does it make any difference in the minds of VC’s How does one measure if the startup is moving from a success to significance? How would you define successful startup and significant impactful startup? Some of the questions which also need to be answered are: WHAT IS YOUR ULTIMATE GOAL OF A STARTUP
  • 3. How do you decide if your idea is right or wrong? In other words does your ideas has potential to grow in a successful startup. VALIDATION OF A IDEA FOR STARTUP In order to simplify this I have designed a validity matrix box which will make it easier to identify the type of idea. Each idea will logically fall in one of the boxes of the validity matrix and will take a probable route while evolving in due course. Once the idea box is identified the next slides will help you to visualize the potential road map of the idea. This would then help you to do more research in the areas of scalability. Growth etc.
  • 4. VALIDITITY MARTIX FOR YOUR STARTUP IDEA Idea It is addressing existing pain point. Make consumer aware of the pain point. Create a convenient market place and reduce the customer effort. Show him a simplest way of performing a task and thereby create a need.
  • 5. ROADMAP AHEAD - IDEA ADDRESSING A EXISTING PAIN POINT The idea should compel the consumer to be able to identify himself with the product or service. The idea will meet the competitors early on. The idea of the product or service should be a differentiator.
  • 6. ROADMAP AHEAD - MAKE HIM AWARE OF THE PAIN POINT AND CREATE A NEED FOR YOUR PRODUCT OR SERVICE – In absence of any solution consumer will believe that there is no better way to do it. This amount to innovation. Create a product or service which will show him a better way to do it.
  • 7. Create a product or service which is scalable. Ideate a product which would be simple yet effective to use or avail it. It should be easily available and available for mass consumers. ROADMAP AHEAD - SHOW CUSTOMER THE SIMPLEST WAY OF DOING IT AND THEREBY CREATING A NEED FOR THE SOLUTION –
  • 8. It should give him access to compare, experiment, try and decide. It should reduce his efforts, time and should be simple to source or avail. It should cut across geographies to give him flexibility of buying or availing from his place. ROADMAP AHEAD - CREATE A CONVENIENT MARKET PLACE OR TECHNOLOGY TO REDUCE HIS EFFORTS –