Startup Validation: Difference between revisions

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-== Criteria ==
+[https://docs.google.com/document/d/1HbC4hFfdSi0XTMuCXLN7eMeQ3xsEghdQiJrb1bEPq4c/edit# Doc for Investors]
-* Strong team who worked together for 6m+, ideally with experience in industry most relevant to the project.
-* Proven demand, ideally in the form of paying customers, ideally with a strong growth curve.
+== Team ==
+==== Motivation ====
+* What has been your motivation to start your startup?
+* How long is the Team already working together? How did you find each other?
+* Which values are important for your company? Which goals are important? Do different team members bring different accents into this?
+* What is background situation, personal goals of team members. Can you afford to pursue your goals for an extended amount of time with little or no compensation?
+* Does any of the core team members have a side hustle or is this startup even the side hustle?
+* Is the team genuinely driven by a deep mission and vision or do they want to make a quick buck?
+==== Skills ====
+* Which previous and relevant experience do team members have?
+* Are all necessary skillsets presented in the team to make it a success? If no: Which skills are missing?
+* Do we believe that team members have a growth mindset and the ability and passion to excel in their work areas?
+* Where do you personally think you have the biggest blind spot and is there a team member who covers it for you?
+==== Workflow ====
+* How is the team working together? (Remote, in-person)
+* How are decisions taken?
+* Do you have one official managing director/ceo that is ultimately legally responsible?
+* How is work split?
+* Which tools does the team use for planning, coordination, communication etc.?
+* What is the work-life balance of team members?
+==== Recruiting ====
-* A business model with an unfair advantage that prevents competition from eroding margins in the future (if idea has proven successful) and gives pricing power.
+* How do you plan to spend the raised money?
+* Which positions are you going to recruit for first?
+* Is there going to be an employee stock option plan?
+* What are you looking for in your first employees?
+* What is your recruiting strategy? How do you plan to build your recruiting funnel?
-* Decent market size (revenue potential)
-* Clear exit option.
 == Product / Product-Market-Fit / Demand / Market ==
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 * What would you say are the biggest risks when investing in your company?
 * What would you say are the biggest weak points of you business model?
-== Team ==
-==== Motivation ====
-* What has been your motivation to start your startup?
-* How long is the Team already working together? How did you find each other?
-* Which values are important for your company? Which goals are important? Do different team members bring different accents into this?
-* What is background situation, personal goals of team members. Can you afford to pursue your goals for an extended amount of time with little or no compensation?
-* Does any of the core team members have a side hustle or is this startup even the side hustle?
-* Is the team genuinely driven by a deep mission and vision or do they want to make a quick buck?
-==== Skills ====
-* Which previous and relevant experience do team members have?
-* Are all necessary skillsets presented in the team to make it a success? If no: Which skills are missing?
-* Do we believe that team members have a growth mindset and the ability and passion to excel in their work areas?
-* Where do you personally think you have the biggest blind spot and is there a team member who covers it for you?
-==== Workflow ====
-* How is the team working together? (Remote, in-person)
-* How are decisions taken?
-* Do you have one official managing director/ceo that is ultimately legally responsible?
-* How is work split?
-* Which tools does the team use for planning, coordination, communication etc.?
-* What is the work-life balance of team members?
-==== Recruiting ====
-* How do you plan to spend the raised money?
-* Which positions are you going to recruit for first?
-* Is there going to be an employee stock option plan?
-* What are you looking for in your first employees?
-* What is your recruiting strategy? How do you plan to build your recruiting funnel?
 == Competition ==