Steps to building a successful venture (click here)
by Joe · 17 things on Twos
- Idea
- R/D
- Figure out if there is a market and how to address the need
- Is it big enough would people actually care
- Products sometimes solve problems in the founders life, but is it applicable to 1B+ people
- Grants, accelerators, friends and family
- Produce a commercially viable product
- Prove the business model
- Make sure they’re using it everyday
- Is it sticky
- And make money
- Raise money
- “Look, we built it in our own”
- It works with 500, now we’re taking it to 1,000
- Prove the usability and how many people we can take it to
- “Go to market, like you're going to war”
- Repeat the process 10,000 times