Three founders. Proud to say the most sceptic founder got 24 points, the realistic strategist 36 and the visionbearer original founder 72 (of course 🤪) Excellent then to move on to product market fit video as brainstorm inspiration for our next mvp. Mega appreciate your videos Heini. Cudos
@RawStartup3 жыл бұрын
That is a SOLID score with a credible spread between the founders. Thanks!
@prashantsengar170420 күн бұрын
Very helpful! Awesome content, certainly helped me testing out my idea. Keep up the good work!
@walternaeslund3 жыл бұрын
Love this. Missing one parameter though: Do you love this and will you love working on it for a decade+. Case in point: Vivino vs BullGuard. Love the channel. ✨🚀
@RawStartup3 жыл бұрын
You are right you have to do that check before or after, check for love, passion and fun! That is really important too. Thanks!
@pfavr3 жыл бұрын
Totally agree - you need the passion to keep going!
@mvejlgaard2 жыл бұрын
That's a good point, particularly in fringe cases where th escore is around the 20 mark, the founder team's passion for the subject matter can carry a long way.
@Qtzzzip10 ай бұрын
72 😮I wasn't even feeling optimistic before the test. LET'S GOOOOO!!!
@ant_pou7011 ай бұрын
36. You've created a brilliant method. Thank you!
@80arturet2 жыл бұрын
I saw this video some time ago, but I kept some of the tips in my mind. The concept if my product is 10 times better, encourages me to make my best candidancy to Vivino.
@RawStartup2 жыл бұрын
Thanks!
@ТодорПастармаджиев Жыл бұрын
I really like your videos man ! Short , Strong and very qualified videos !!! learn alot from you !
@RawStartup Жыл бұрын
Fantastic, yes no time to waste ⌚😎
@talentsherpa2 жыл бұрын
Thank you. You break it down to its simplest common denominator
@RawStartup2 жыл бұрын
Thanks yes trying to make things less complicated
@creativityandme3 жыл бұрын
Spot on! I hope you post this on other social networks to see more people share their score result!
72, probably why I’ve had an easy time attracting very talented people. Thank you so much for your content by the way it has been very helpful in my investor pitches.
@RawStartup Жыл бұрын
Great number and happy to be of help!
@fgboii468710 ай бұрын
How you doing after 10 months
@Diarieswitharshiya25-r3s3 ай бұрын
Scored a solid 24. I'm curently a sole founder bt hopefully will get a great team to work with.
@relaxation7183 жыл бұрын
I like your framework a lot - I will save it and use it in the future! There are some very sharp ideas embedded in it!
Dear Heini Zachariassen, Excellent video and analysis system. Very much encouraged by our very conservative scoring that still gave us a 108. Thank you from Rowland Reeves and the US Space Team
@relaxation7183 жыл бұрын
We came up with this framework in the past: Value/differentiation Market size Skills/resources Feasibility Time horizon Risk Financial prospects Excitement We scored them quantitatively from 1 to 10, then computing the average. But deciding qualitatively.
Amazing content Heini! Thank's for all your good work
@RawStartup Жыл бұрын
Thank you very glad it was helpful!
@shaikhulislam4333 жыл бұрын
Thanks mate. Very well articulated.
@RawStartup3 жыл бұрын
Glad you liked it
@tommyperillo65253 жыл бұрын
I like the approach you used. Tested a simple idea linked to our daily lives and got a 24. :-) One thing I would add is timing which can be an extremely valuable asset as well.
@RawStartup3 жыл бұрын
Timing is incredibly important, I didn't include it because it can be really hard to tell with regards to timing, are you early or late, often hard to say.
@Sammi84 Жыл бұрын
@@RawStartup Sounds like an idea for a video.
@slugger2243 жыл бұрын
This was very helpful in helping me to more objectively evaluate my idea and give me things to think about to improve.
@RawStartup3 жыл бұрын
Thanks, glad it was helpful!
@player2srkn3 ай бұрын
Very nice framework, now I can see better the parts of I need to focus and improve more
@juliawilliams13552 жыл бұрын
2, 2.5, 3, 2, 2. Thank you, I needed this.
@RawStartup2 жыл бұрын
Glad it was helpful!
@fgboii468710 ай бұрын
How you doing a year later
@PrinceSathawa3 ай бұрын
Thanks for the wonderful information.will start following you
@nat.serrano5 ай бұрын
Great framework and actually makes sense
@RawStartup5 ай бұрын
Thanks, glad you found it useful!
@islandliving37453 жыл бұрын
Went through the exercises twice with my business partner. On the 1st pass we scored a 72, we went double pessimistic on the 2nd pass and scored a 24. Now to find a Hustler to join the team to up the score of questions #2.
@RawStartup3 жыл бұрын
Thanks, great, good luck!
@JuanMartitegui2 жыл бұрын
The most insightful video I’ve seen !!
@RawStartup2 жыл бұрын
Thanks, very much appreciated!
@cgourdin123 жыл бұрын
Also consider a red ocean vs a blue ocean. Fantastic stuff you put out, I’m subscribing!
@RawStartup3 жыл бұрын
Thanks, I appreciate that. If you look at the product and whatever you do being 10 times better then that should say something about the competition. If it is a red ocean it probably isn't 10 times better than what everyone else is doing. Thanks for the comment!
@sarazaanine62610 ай бұрын
We have a subject at my university where we were tasked with finding a startup idea and explaining how we would bring it to fruition. My idea received a score of 36.☺
@Dorian_Barber2 жыл бұрын
108 score, except my truck broke and repair cost me $10,000. Funding isn’t necessarily an issue for me, I would have put being able to afford it down to a 2 just because of my truck problem I paid for before starting my app, but I know I’ll have the cash for it soon enough so I’ll give it a 3. Damn truck😅 Now I’m dedicated, so I’ll never give up. I believe in this.
@RawStartup2 жыл бұрын
Keep pushing! Never give up!
@danian902 жыл бұрын
Very informative video and i give it over 100. Thanks!
@RawStartup2 жыл бұрын
Thanks, glad it was helpful!
@mattsfraser10 ай бұрын
My idea scored 162 however it also scored 88 out of 100 using Josh Kaufmans framework so the idea definitely has merit.
@nuonchanndarong10 ай бұрын
Are you Zuckerberg?
@ronylussari Жыл бұрын
That was great, I have just missed the problem valuationit's kinda implied on the acquisition, but for me, is important to think problems first. Maybe something like: How likely is that the problem is so strong that people would use regularly for even a beta / unfinished version of a solution? 0 - No, it needs to be perfect for people to use. 1- Yes, if it is free 2 - Yes, if it's cheap ($1-$10 or small % fee) 3- Yes, even if the price is close to close to $100 or large % fee (~20%). *for B2B, price x 10
@RawStartup Жыл бұрын
Thank you some good ideas here
@mahdiahadiyan7123 Жыл бұрын
Incredible quick test. Thanks a lot.
@rajnishinsha40642 жыл бұрын
Hi Raw startup,You are building a great content along with a great startup.We are also working on a idea in proptech and we score 48 ,Again thanks for such amazing content.
@RawStartup2 жыл бұрын
Great, thanks and good luck!
@adarshsingh655811 ай бұрын
Hey, were you able to execute your plan ? And did the score of 48 helped ?
@alexanderj45453 жыл бұрын
Great and useful content. Being a rational optimist we got 54 for our nordic SaMD/IoMT startup running currently on grants. We'll keep going :-)
@RawStartup3 жыл бұрын
Thanks, yes keep pushing! Good luck!
@geraldmanzi34722 жыл бұрын
Thanks for your business insight tutorial
@RawStartup2 жыл бұрын
Very welcome!
@Meera_Om3 жыл бұрын
Firstly, I would like to thank you for sharing your knowledge, your videos are helping me a lot in framing my startup idea into reality. My score came to 54, looks like I have a good chance here :-)
@RawStartup3 жыл бұрын
Very welcome, yes sounds like a solid idea!
@shaikh_rizwan_3 жыл бұрын
hey! may I know what niche is your idea around?
@kevinjomes57533 жыл бұрын
Good video, yes the first Idea and final build tend to be so drastically different
@RawStartup3 жыл бұрын
Thanks yes very true.
@Ayplus5 ай бұрын
Used your grading scale for a new app I'm working on. Nice
@zainabmohammad3834 Жыл бұрын
Thank you for this video. Pls share some tips on good execution ideas.
@RawStartup Жыл бұрын
Thanks, I'm not sure I have those, you probably need to find them.
@Bella-cg8vg Жыл бұрын
Wow, that is GREAT content. My original idea was 18 points, but a better way of doing it came right on the heels of that 18 pt score.
@RawStartup Жыл бұрын
Thanks great!
@Adammmmmmmmmmm-m7hАй бұрын
What a gem
@karynward620511 ай бұрын
Thank you so much for the validation; 172 (and yes, I was pessimistic in my scoring).
@umeshfav11 ай бұрын
Great quick tool thanks
@jonathanp___________3606 Жыл бұрын
"Be pessimistic." Great advice for an optimist for this exercise. However, the questions are worded optimistically enough that I'd rate many successful companies zero on a number of factors if I'm being pessimistic. Humans aren't great at estimating probabilities, though, anyway.
@RawStartup Жыл бұрын
Thanks, yes true we suck at probabilities!
@sefirotsama2 жыл бұрын
that was quite clever way to be objetively deterministic
@RawStartup2 жыл бұрын
Thanks!
@BRISTOLKETTLEBELLS2 ай бұрын
I was conservative and I scored 36. My lowest score was on defend ability which I scored a 1. Although I will have IP in place, I suspect existing large companies in the field will find ways to get around it with their own versions.
@lauraopalwegner3 жыл бұрын
I got a 36! This isn’t my invention, I’m bringing the tech to my community.
@RawStartup3 жыл бұрын
Solid score, good luck!
@remrihk10 Жыл бұрын
Love the idea. I had mine at 48 to 124. depends on the product maturity.
@RawStartup Жыл бұрын
Solid scores!
@sebastiendemoustiez68813 жыл бұрын
Thank you for this great content that will be very helpful to me. I am working on a project that scores 12. I think I can improve this score with a thorough knowledge of the market. I want to launch this in 2022 :)
@RawStartup3 жыл бұрын
Great, best of luck to you!
@DJcyberslash2 жыл бұрын
How's it going
@chandutechie74617 ай бұрын
Lovely 🥰 video to filter it out ❤
@dimiodufote40103 жыл бұрын
Thank you sir it was worth to learn
@dimiodufote40103 жыл бұрын
My turn out to be 72 points
@RawStartup3 жыл бұрын
Thanks that is SOLID
@trading-university.7 ай бұрын
Great video. 32 here. May go for it as its all in execution
@crypto--empire9037 Жыл бұрын
I got a score of 12. Willing to step-up my startup
@RawStartup Жыл бұрын
Maybe you change it a little bit to get a higher score.
@djambidextre7 ай бұрын
This is just perfect 🤩
@JennieLeonie Жыл бұрын
Thank you so much !!!!
@RawStartup Жыл бұрын
You're welcome!
@sivsoto42853 жыл бұрын
Exc Video as Always!! But I have one request, marketing? How important is marketing for a product? Budget? Frecuency, content? Can you make a video explaining this topic? Thanks in advance; I’m a huge fan and working on my site using all your tools!
@RawStartup3 жыл бұрын
Thank you very much, very glad you like the content. I may need an expert to help me do that video, but I agree it is a very important and interesting topic that I should look into.
@sivsoto42853 жыл бұрын
That would be great, for example, I’m curious about how marketing strategy was implemented on vivino app!! Heini, I’m on my way with my online site and let you know when success arrives!
@venkatasatyaphanindranadak9907 Жыл бұрын
My score is 18. Thank you
@RawStartup Жыл бұрын
Welcome, that is ok, maybe you can do some small changes and improve it even more.
@bigbanknewyork36552 жыл бұрын
I'm a 29. Great test. Thank you.
@RawStartup Жыл бұрын
Nice, go build it!
@raymeadham17533 жыл бұрын
Multiview Media score 48. Thanks for the info Heini.
@RawStartup3 жыл бұрын
Solid score!
@raymeadham17533 жыл бұрын
@@RawStartup 👍
@pavanurs67442 жыл бұрын
@@raymeadham1753 hey, What's that idea, am from India!
@Uofmdoc6 ай бұрын
Thanks for this.
@abeerkulkarni Жыл бұрын
Amazing! I score 12.
@RawStartup Жыл бұрын
Great! Maybe you should play around with it a little bit...
@bdssllc2 жыл бұрын
36...rolling with it
@RawStartup2 жыл бұрын
Go for it! Good luck 🤞
@zzzzzz8090 Жыл бұрын
BRILLIANT
@RawStartup Жыл бұрын
Thank you!
@Splend92 жыл бұрын
Thanks a lot 🙌
@RawStartup2 жыл бұрын
Always welcome
@picklenick957 ай бұрын
Thank you for this great evaluation method. However, I'd like to challenge the formulation of the first question. Being 10x better is a too strong threshold. Was the solution of tesla 10x better than other car manufacturers? What about Instagram compared to Facebook , tiktok compared to Instagram or uber compared to a traditional taxi company? In terms of revenue, users or many other metrics these business ideas where not even close of a 10x factor.
@hassanabdelrahman97822 жыл бұрын
Got 48 Thank you.
@RawStartup2 жыл бұрын
Welcome 48 is solid!
@OfficerK-D6-379 ай бұрын
Great framework but it might be missing one factor like „accessibility“: How hard is it to enter the market and realize the potential despite regulations, low awareness, high costs for sales and marketing, competition and so on. Or would you say these are contained in the other factors?
@subramanianchenniappan405911 ай бұрын
Startup guru 😍😍
@ambarishkhot12 жыл бұрын
When you say the market is small ? Any numbers below to identify
@RawStartup2 жыл бұрын
Always tricky to find, but check this video, might be helpful kzbin.info/www/bejne/npSphnuwgtB6eNE
@rarescruceat Жыл бұрын
I made an app that should solve exactly this problem but with a different score calculation. I think I will add this formula too, it seems to be more solid 🤔
@RawStartup Жыл бұрын
Great good luck with it
@MERNStack2 жыл бұрын
thanks a lot
@RawStartup2 жыл бұрын
Welcome!
@wintersunshine20122 жыл бұрын
Hey Heine, i am loving the content, awesome work. Do you have content on real estate listing website startup? If yes pls share the link otherwise guide as i am doing some research on it. I would apprecite your kind response.
@RawStartup2 жыл бұрын
Thanks that is a little bit outside what I normally do
@ribe34343 жыл бұрын
Great video, thanks! I came up with 108 on my project but it’s a one hit wonder product (hopefully) in the pet (dogs segment) industry. I have marketing experience in social media which could help make it viral.
@RawStartup3 жыл бұрын
Sounds good, good luck with it!
@ribe34343 жыл бұрын
@@RawStartup thanks, we will need it, nothing is guaranteed.
@InfiniteRealMusic10 ай бұрын
I got a 24 but If I only secure the funding it would easily be a 48
@pasiturpeinen92738 ай бұрын
48 or 72. Lets spell it 48. Very informative video and well stuctured.
@mastert-vr44793 жыл бұрын
Amazing content, thank you. I thought 36 would be an abysmal score but what did I know :)
@RawStartup3 жыл бұрын
Great, yes that is a solid score.
@sn3lling10 ай бұрын
54 was my score easy to build with a small team but that makes it difficult to defend
@Christopher-N78 ай бұрын
Great video and framework. Using this system, being very hard on each, I scored an 18. Second time, scored a 108. Question, if you don’t mind. What’s your thoughts on building a micro saas that depends on data that is freely available? U.S. government data.
@algorithmicacademy2 жыл бұрын
can we add scalability as the 6th factor in it? in that case what will be the good score?
@RawStartup2 жыл бұрын
Good point, you have to be able to build at scale. It is meant to be in Buildability, but maybe it should be clarified. In acquisition there is also some virality. .
@algorithmicacademy2 жыл бұрын
@@RawStartup thank you for your guidance
@alphaminds108911 ай бұрын
Hmmm. I believe need to revise on build ability. for example If 4=1 and 5=3 it will give out better output with less good ideas.
@ExxcKA3 жыл бұрын
Heine, when you evaluated facebook and vivino using this model, did you consider them after they had become established platforms? It is relatively easy to "copy" a social network platform idea, before the content/users have arrived. Other ideas will seem better, at an early stage, if one assumes that the users/content is already present. I am asking because, I am pondering an idea which in its infancy will be easy to copy, untill it has build a moat, just like these examples.
@RawStartup3 жыл бұрын
Thanks yes a very good question. This is after you've reached some traction. It may be easy to copy in the beginning like Vivino and Facebook, but later it becomes really hard. You should rate a bit down the line, are you building a wall of protection that makes it hard to copy.
@ExxcKA3 жыл бұрын
@@RawStartup Thank you. I really appreciate the advise you are giving,it's like having a mentor though I have never had the opportunity to meet you.
@ExxcKA3 жыл бұрын
@@RawStartup I will now be using your method to evaluate deals, in a small angel fund I am setting up with other young Danish Founders
@Sanjogful10 ай бұрын
I am happy i saw this
@pwfl-parakramwarriorfightl58092 жыл бұрын
24, right where you were.
@RawStartup2 жыл бұрын
Good, solid score.
@thomasherzig174 Жыл бұрын
I have 72 points, because I gave my product 3 points for no 1. But it was hard to say, that it is "10 times better" this might only possible for a few type of products and services. How would e.g. a car be like, which is 10 times better than the competition? 10 items cheaper to produce? 10 times more economic? 10 times faster? 10 Times safer? But when I understand it that I brings an enormous improvement with a novel technology ,then I can give it 3 points
@RawStartup Жыл бұрын
A car for example isn't a typical Startup product. Usually startups are in disruptive industries where products can be 10 times better, not all products, but many.
@osazuwaokoro3263 Жыл бұрын
Hi Heine, am thinking of floating a small FinTech start up in Australia. Although, i got a score of 12 using a very pessimistic response to your metrics. Can you suggest a very affordable app. developer for a small time start-up with no investor?
@RawStartup Жыл бұрын
That is tricky you go out and find somebody
@ronylussari Жыл бұрын
The acquisition part I found hard to guess. I fill that most ideas would be 2. It's hard to say if the product will be viral, even if it gets inherit virality such as social media apps. For my context, I have adpt to this. I will text it tpo see if it helps. Can you find and afford to market to the users of this product? 0 - No 1- Yes, however the CAC payback should take more than 6 months 2- Yes, however the CAC payback should take more than 3 months 3- Yes, and the CAC payback should take up to 1 month I can probably get I estimate on CAC using google ads tool or researching. And the payback could be estimated based on expected price and costs. It's all guesses on top os guesses though.
@RawStartup Жыл бұрын
Thank you very much, this is good feedback you're also taking it one level deeper.
@buddy.boyo889 ай бұрын
my product : sculpted furniture (the only thing that I have some expertise at ) > can the product be 10x better than the current ? no, I would have to use the same tools and materials as everyone else > can you find buyers and market ? yes, but only if I pay for search result boosting > is the market big and growing ? no, they would have to be all rich old men to buy special boutique furniture, and there aren't many rich old men in this country (romania). classical art is also dying due to modernism and minimalism > will the product have unique features that are hard to copy ? maybe! there are very few artists around, they would have to have at least the same skill as me, or operate a CNC mill which is also a rare skill. so there isn't much competition (in this country at least) > can you get the team, knowledge and capital to make it ? I have no idea how many artistically inclined people are around, and most people might run away when they see how tedious and demanding sculpture is. they might lose enthusiasm and it might take them years of practice, like a musician. you have to be very autistic to invest time in artistic skills. the knowledge is on youtube tutorials already the wood is expensive though, especially walnut and oak ( due to government shenanigans ) the capital? that's why I'm watching this :) yea, I'm probably not gonna make it, am I ?
@RawStartup9 ай бұрын
You might well make it, but it doesn't feel like a high growth fundable business. Still it could be a great business.
@yaserhu5 ай бұрын
Greetings! Thank you for the nice video, great framework and explanation. As I am planning more than an idea (but not the same time), few of them aren’t inventing the wheel but entering an existing market. For example, I am considering a one person company in the field of international real estate brokerage. So basically matching an investor (for residential or commercial real estate) with a real estate developer or owner of a property. So, from your framework, it is possible that the first point is more of a zero, which will automatically everything else is a zero (and this makes the framework weak in that sense in my opinion), meaning, anyone starting such a business will fail? Unless there is a different framework for startups of existing business models, who will try to work on the other factors, i.e better customer service, closing a market gap etc… Would be nice to have your input. Thanks
@vijaykannan68592 жыл бұрын
Great channel, thanks for the very practical advice. One question on defendability what if this is a new product category and I have a patent, But it is not hard to build?
@RawStartup2 жыл бұрын
Thanks, I guess it is good to have a patent, but I wouldn't rely on it. Always build fast, move faster than anyone else that way you won't have to rely on the patent. You will just be better as you build faster.
@rakoczipiroska5632 Жыл бұрын
Thanks for your videos. If you want to build a personal brand, is it a good way to make surveys and speak in business events or startup conferences?
@RawStartup Жыл бұрын
Not so sure about surveys, but yes speaking on all kinds of stages can help.
@smart-sg5cs Жыл бұрын
ts a new way for order management through my app at present people are using phone call or whats app message so if they shift it will be not 10 rimes but 20 times more better as of know dont how to give score for product please help
@RawStartup Жыл бұрын
Go and build it, good luck with it!
@kisssprogcenter42063 жыл бұрын
I landed on 64 - but KISS DanishLanguage School was started long ago. Yes, it clearly could expand greatly, but I am actually thinking of retiring.
@RawStartup3 жыл бұрын
Thanks, good luck!
@MalikJamal-nj8xg2 жыл бұрын
Hey Heini, thank you a lot for this great evaluation system, and I want to ask if this system was created by you? or if it's a well-known system between the investors which we can rely on it or even use to prove a part of the idea for angel investors.
@RawStartup2 жыл бұрын
Thanks, yes this is a system that I created based on my experience and research.
@patriklindr Жыл бұрын
Excellent content, thank you. 36
@RawStartup Жыл бұрын
Thanks sounds like a good Startup idea
@jeffheiner Жыл бұрын
awesome 108 plus the bonus 100 ya
@RawStartup Жыл бұрын
Nice go for it!
@yart44202 жыл бұрын
When evaluating market size, what constitutes big numerically? Is this more than 20 million/2 million/200,000/20,000 users ? I am not sure how to grade this point and would appreciate some advice.
@RawStartup2 жыл бұрын
Thanks it is all about the combination of how many people buyers/users and how much they would spend per year. So 20000 buyers is good if they spend $1 million a year. However if they spend $100 a year you need a lot more users/buyers. The total number should usually start with a B, being in the billions. More information here kzbin.info/www/bejne/npSphnuwgtB6eNE
@gman212663 жыл бұрын
My score was 113. But is this applicable to a non-tech product such as an appliance ?
@RawStartup3 жыл бұрын
Yes, I think it can be!
@gobeyondlife832 жыл бұрын
I love all your videos,I am facing issues finding right people for my team who are passionate about start ups, i keep working on it myself… any advice?
@RawStartup2 жыл бұрын
I have one thing that I had to realize many years ago. Remember that nobody will be as passionate about your Startup as you are. Otherwise they would probably be doing their own Startup. So don't try and find people that are as passionate as you are , they just won't be.
@gobeyondlife832 жыл бұрын
@@RawStartup thats so true…. I hv to beleive in my dreams no one else can.. thanks for all your videos they hv been my mentor so far