Forums › Forums › Business › Hey guys, I get to look through hundreds of startup applications for the competition my company hosts every year and I wanted to write up some suggestions I think will be valuable for any early-stage idea or startup.
MemberMarch 17, 2020 at 10:41 am
Get a clear plan that you can execute in the next 90 days. When I see deck after deck talking about 3-year plans, and the company doesn’t even have a product yet, it can be very frustrating for an investor or judge. Set actionable goals which demonstrate your knowledge and ability to follow through. Don’t try to build the entire team all at once. I see a lot of decks with 15 people listed in various roles and no live product. This usually isn’t a good sign. Select indispensable people who can provide valuable skill sets in the early stages of your project. Don’t wait for your product to go find customers. This might be the most valuable tip. You don’t have to wait to release the first version of your product in order to find customers. Surveys, beta registrations, and websites designed to test messaging conversions, can all be done before your first product releases. Test early and consistently to build a better product! – by /hq/nephilis – –