Evaluate Startup Ideas in 5 Minutes

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Raw Startup

Raw Startup

Күн бұрын

Пікірлер: 374
@thusspokezarathustra1847
@thusspokezarathustra1847 Жыл бұрын
One of the most important videos I have seen on this platform. THANK YOU!
@rasmustchristensen
@rasmustchristensen 3 жыл бұрын
Tested 2 ideas score 18 vs. 72(108) . I made a tweak to the last one. This is a brilliant framework for quick validation, really like the questions
@RawStartup
@RawStartup 3 жыл бұрын
Thanks glad you liked and got a good score!
@verifiedbyrawstartup3599
@verifiedbyrawstartup3599 3 жыл бұрын
T⃜H⃜A⃜N⃜K⃜S⃜ F⃜O⃜R⃜ W⃜A⃜T⃜C⃜H⃜I⃜N⃜G⃜ ,F⃜O⃜R⃜ F⃜U⃜R⃜T⃜H⃜E⃜R⃜ D⃜E⃜T⃜A⃜I⃜L⃜ O⃜N⃜ F⃜I⃜N⃜A⃜N⃜C⃜I⃜A⃜L⃜ S⃜E⃜R⃜V⃜I⃜C⃜E⃜ K⃜I⃜N⃜D⃜L⃜Y⃜ C⃜O⃜N⃜T⃜A⃜C⃜T⃜ U⃜S⃜ O⃜N⃜ W⃜⃜H⃜⃜A⃜⃜T⃜⃜S⃜⃜A⃜⃜P⃜⃜P⃜⃜ //+•1 4 0 5 5 8 6 4 4 1 9 //😊€€€$$
@fgboii4687
@fgboii4687 10 ай бұрын
@rasmustchristensen how you doing 2 yrs later
@whirlengine6476
@whirlengine6476 10 ай бұрын
@@fgboii4687 haha exactly! good question
@samirsunny001
@samirsunny001 5 ай бұрын
did your idea work?
@idabrinck-lund9744
@idabrinck-lund9744 3 жыл бұрын
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
@RawStartup
@RawStartup 3 жыл бұрын
That is a SOLID score with a credible spread between the founders. Thanks!
@prashantsengar1704
@prashantsengar1704 20 күн бұрын
Very helpful! Awesome content, certainly helped me testing out my idea. Keep up the good work!
@walternaeslund
@walternaeslund 3 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. ✨🚀
@RawStartup
@RawStartup 3 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!
@pfavr
@pfavr 3 жыл бұрын
Totally agree - you need the passion to keep going!
@mvejlgaard
@mvejlgaard 2 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.
@Qtzzzip
@Qtzzzip 10 ай бұрын
72 😮I wasn't even feeling optimistic before the test. LET'S GOOOOO!!!
@ant_pou70
@ant_pou70 11 ай бұрын
36. You've created a brilliant method. Thank you!
@80arturet
@80arturet 2 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.
@RawStartup
@RawStartup 2 жыл бұрын
Thanks!
@ТодорПастармаджиев
@ТодорПастармаджиев Жыл бұрын
I really like your videos man ! Short , Strong and very qualified videos !!! learn alot from you !
@RawStartup
@RawStartup Жыл бұрын
Fantastic, yes no time to waste ⌚😎
@talentsherpa
@talentsherpa 2 жыл бұрын
Thank you. You break it down to its simplest common denominator
@RawStartup
@RawStartup 2 жыл бұрын
Thanks yes trying to make things less complicated
@creativityandme
@creativityandme 3 жыл бұрын
Spot on! I hope you post this on other social networks to see more people share their score result!
@RawStartup
@RawStartup 3 жыл бұрын
Thanks, yes, will try and get it out there!
@verifiedbyrawstartup3599
@verifiedbyrawstartup3599 3 жыл бұрын
T⃜H⃜A⃜N⃜K⃜S⃜ F⃜O⃜R⃜ W⃜A⃜T⃜C⃜H⃜I⃜N⃜G⃜ ,F⃜O⃜R⃜ F⃜U⃜R⃜T⃜H⃜E⃜R⃜ D⃜E⃜T⃜A⃜I⃜L⃜ O⃜N⃜ F⃜I⃜N⃜A⃜N⃜C⃜I⃜A⃜L⃜ S⃜E⃜R⃜V⃜I⃜C⃜E⃜ K⃜I⃜N⃜D⃜L⃜Y⃜ C⃜O⃜N⃜T⃜A⃜C⃜T⃜ U⃜S⃜ O⃜N⃜ W⃜⃜H⃜⃜A⃜⃜T⃜⃜S⃜⃜A⃜⃜P⃜⃜P⃜⃜ //+•1 4 0 5 5 8 6 4 4 1 9 //😊€€€$$
@JuanUprise
@JuanUprise Жыл бұрын
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
@RawStartup Жыл бұрын
Great number and happy to be of help!
@fgboii4687
@fgboii4687 10 ай бұрын
How you doing after 10 months
@Diarieswitharshiya25-r3s
@Diarieswitharshiya25-r3s 3 ай бұрын
Scored a solid 24. I'm curently a sole founder bt hopefully will get a great team to work with.
@relaxation718
@relaxation718 3 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!
@RawStartup
@RawStartup 3 жыл бұрын
Glad it was helpful!
@verifiedbyrawstartup3599
@verifiedbyrawstartup3599 3 жыл бұрын
T⃜H⃜A⃜N⃜K⃜S⃜ F⃜O⃜R⃜ W⃜A⃜T⃜C⃜H⃜I⃜N⃜G⃜ ,F⃜O⃜R⃜ F⃜U⃜R⃜T⃜H⃜E⃜R⃜ D⃜E⃜T⃜A⃜I⃜L⃜ O⃜N⃜ F⃜I⃜N⃜A⃜N⃜C⃜I⃜A⃜L⃜ S⃜E⃜R⃜V⃜I⃜C⃜E⃜ K⃜I⃜N⃜D⃜L⃜Y⃜ C⃜O⃜N⃜T⃜A⃜C⃜T⃜ U⃜S⃜ O⃜N⃜ W⃜⃜H⃜⃜A⃜⃜T⃜⃜S⃜⃜A⃜⃜P⃜⃜P⃜⃜ //+•1 4 0 5 5 8 6 4 4 1 9 //😊€€€$$
@USSpace-mg8wv
@USSpace-mg8wv Жыл бұрын
Dear Heini Zachariassen, Excellent video and analysis system. Very much encouraged by our very conservative scoring that still gave us a 108. Thank you from Rowland Reeves and the US Space Team
@relaxation718
@relaxation718 3 жыл бұрын
We came up with this framework in the past: Value/differentiation Market size Skills/resources Feasibility Time horizon Risk Financial prospects Excitement We scored them quantitatively from 1 to 10, then computing the average. But deciding qualitatively.
@RawStartup
@RawStartup 3 жыл бұрын
Great, thanks.
@verifiedbyrawstartup3599
@verifiedbyrawstartup3599 3 жыл бұрын
T⃜H⃜A⃜N⃜K⃜S⃜ F⃜O⃜R⃜ W⃜A⃜T⃜C⃜H⃜I⃜N⃜G⃜ ,F⃜O⃜R⃜ F⃜U⃜R⃜T⃜H⃜E⃜R⃜ D⃜E⃜T⃜A⃜I⃜L⃜ O⃜N⃜ F⃜I⃜N⃜A⃜N⃜C⃜I⃜A⃜L⃜ S⃜E⃜R⃜V⃜I⃜C⃜E⃜ K⃜I⃜N⃜D⃜L⃜Y⃜ C⃜O⃜N⃜T⃜A⃜C⃜T⃜ U⃜S⃜ O⃜N⃜ W⃜⃜H⃜⃜A⃜⃜T⃜⃜S⃜⃜A⃜⃜P⃜⃜P⃜⃜ //+•1 4 0 5 5 8 6 4 4 1 9 //😊€€€$$
@diemisommelo
@diemisommelo Жыл бұрын
Amazing content Heini! Thank's for all your good work
@RawStartup
@RawStartup Жыл бұрын
Thank you very glad it was helpful!
@shaikhulislam433
@shaikhulislam433 3 жыл бұрын
Thanks mate. Very well articulated.
@RawStartup
@RawStartup 3 жыл бұрын
Glad you liked it
@tommyperillo6525
@tommyperillo6525 3 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.
@RawStartup
@RawStartup 3 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
@Sammi84 Жыл бұрын
@@RawStartup Sounds like an idea for a video.
@slugger224
@slugger224 3 жыл бұрын
This was very helpful in helping me to more objectively evaluate my idea and give me things to think about to improve.
@RawStartup
@RawStartup 3 жыл бұрын
Thanks, glad it was helpful!
@player2srkn
@player2srkn 3 ай бұрын
Very nice framework, now I can see better the parts of I need to focus and improve more
@juliawilliams1355
@juliawilliams1355 2 жыл бұрын
2, 2.5, 3, 2, 2. Thank you, I needed this.
@RawStartup
@RawStartup 2 жыл бұрын
Glad it was helpful!
@fgboii4687
@fgboii4687 10 ай бұрын
How you doing a year later
@PrinceSathawa
@PrinceSathawa 3 ай бұрын
Thanks for the wonderful information.will start following you
@nat.serrano
@nat.serrano 5 ай бұрын
Great framework and actually makes sense
@RawStartup
@RawStartup 5 ай бұрын
Thanks, glad you found it useful!
@islandliving3745
@islandliving3745 3 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.
@RawStartup
@RawStartup 3 жыл бұрын
Thanks, great, good luck!
@JuanMartitegui
@JuanMartitegui 2 жыл бұрын
The most insightful video I’ve seen !!
@RawStartup
@RawStartup 2 жыл бұрын
Thanks, very much appreciated!
@cgourdin12
@cgourdin12 3 жыл бұрын
Also consider a red ocean vs a blue ocean. Fantastic stuff you put out, I’m subscribing!
@RawStartup
@RawStartup 3 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!
@sarazaanine626
@sarazaanine626 10 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_Barber
@Dorian_Barber 2 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.
@RawStartup
@RawStartup 2 жыл бұрын
Keep pushing! Never give up!
@danian90
@danian90 2 жыл бұрын
Very informative video and i give it over 100. Thanks!
@RawStartup
@RawStartup 2 жыл бұрын
Thanks, glad it was helpful!
@mattsfraser
@mattsfraser 10 ай бұрын
My idea scored 162 however it also scored 88 out of 100 using Josh Kaufmans framework so the idea definitely has merit.
@nuonchanndarong
@nuonchanndarong 10 ай бұрын
Are you Zuckerberg?
@ronylussari
@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
@RawStartup Жыл бұрын
Thank you some good ideas here
@mahdiahadiyan7123
@mahdiahadiyan7123 Жыл бұрын
Incredible quick test. Thanks a lot.
@rajnishinsha4064
@rajnishinsha4064 2 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.
@RawStartup
@RawStartup 2 жыл бұрын
Great, thanks and good luck!
@adarshsingh6558
@adarshsingh6558 11 ай бұрын
Hey, were you able to execute your plan ? And did the score of 48 helped ?
@alexanderj4545
@alexanderj4545 3 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 :-)
@RawStartup
@RawStartup 3 жыл бұрын
Thanks, yes keep pushing! Good luck!
@geraldmanzi3472
@geraldmanzi3472 2 жыл бұрын
Thanks for your business insight tutorial
@RawStartup
@RawStartup 2 жыл бұрын
Very welcome!
@Meera_Om
@Meera_Om 3 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 :-)
@RawStartup
@RawStartup 3 жыл бұрын
Very welcome, yes sounds like a solid idea!
@shaikh_rizwan_
@shaikh_rizwan_ 3 жыл бұрын
hey! may I know what niche is your idea around?
@kevinjomes5753
@kevinjomes5753 3 жыл бұрын
Good video, yes the first Idea and final build tend to be so drastically different
@RawStartup
@RawStartup 3 жыл бұрын
Thanks yes very true.
@Ayplus
@Ayplus 5 ай бұрын
Used your grading scale for a new app I'm working on. Nice
@zainabmohammad3834
@zainabmohammad3834 Жыл бұрын
Thank you for this video. Pls share some tips on good execution ideas.
@RawStartup
@RawStartup Жыл бұрын
Thanks, I'm not sure I have those, you probably need to find them.
@Bella-cg8vg
@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
@RawStartup Жыл бұрын
Thanks great!
@Adammmmmmmmmmm-m7h
@Adammmmmmmmmmm-m7h Ай бұрын
What a gem
@karynward6205
@karynward6205 11 ай бұрын
Thank you so much for the validation; 172 (and yes, I was pessimistic in my scoring).
@umeshfav
@umeshfav 11 ай бұрын
Great quick tool thanks
@jonathanp___________3606
@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
@RawStartup Жыл бұрын
Thanks, yes true we suck at probabilities!
@sefirotsama
@sefirotsama 2 жыл бұрын
that was quite clever way to be objetively deterministic
@RawStartup
@RawStartup 2 жыл бұрын
Thanks!
@BRISTOLKETTLEBELLS
@BRISTOLKETTLEBELLS 2 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.
@lauraopalwegner
@lauraopalwegner 3 жыл бұрын
I got a 36! This isn’t my invention, I’m bringing the tech to my community.
@RawStartup
@RawStartup 3 жыл бұрын
Solid score, good luck!
@remrihk10
@remrihk10 Жыл бұрын
Love the idea. I had mine at 48 to 124. depends on the product maturity.
@RawStartup
@RawStartup Жыл бұрын
Solid scores!
@sebastiendemoustiez6881
@sebastiendemoustiez6881 3 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 :)
@RawStartup
@RawStartup 3 жыл бұрын
Great, best of luck to you!
@DJcyberslash
@DJcyberslash 2 жыл бұрын
How's it going
@chandutechie7461
@chandutechie7461 7 ай бұрын
Lovely 🥰 video to filter it out ❤
@dimiodufote4010
@dimiodufote4010 3 жыл бұрын
Thank you sir it was worth to learn
@dimiodufote4010
@dimiodufote4010 3 жыл бұрын
My turn out to be 72 points
@RawStartup
@RawStartup 3 жыл бұрын
Thanks that is SOLID
@trading-university.
@trading-university. 7 ай бұрын
Great video. 32 here. May go for it as its all in execution
@crypto--empire9037
@crypto--empire9037 Жыл бұрын
I got a score of 12. Willing to step-up my startup
@RawStartup
@RawStartup Жыл бұрын
Maybe you change it a little bit to get a higher score.
@djambidextre
@djambidextre 7 ай бұрын
This is just perfect 🤩
@JennieLeonie
@JennieLeonie Жыл бұрын
Thank you so much !!!!
@RawStartup
@RawStartup Жыл бұрын
You're welcome!
@sivsoto4285
@sivsoto4285 3 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!
@RawStartup
@RawStartup 3 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.
@sivsoto4285
@sivsoto4285 3 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
@venkatasatyaphanindranadak9907 Жыл бұрын
My score is 18. Thank you
@RawStartup
@RawStartup Жыл бұрын
Welcome, that is ok, maybe you can do some small changes and improve it even more.
@bigbanknewyork3655
@bigbanknewyork3655 2 жыл бұрын
I'm a 29. Great test. Thank you.
@RawStartup
@RawStartup Жыл бұрын
Nice, go build it!
@raymeadham1753
@raymeadham1753 3 жыл бұрын
Multiview Media score 48. Thanks for the info Heini.
@RawStartup
@RawStartup 3 жыл бұрын
Solid score!
@raymeadham1753
@raymeadham1753 3 жыл бұрын
@@RawStartup 👍
@pavanurs6744
@pavanurs6744 2 жыл бұрын
@@raymeadham1753 hey, What's that idea, am from India!
@Uofmdoc
@Uofmdoc 6 ай бұрын
Thanks for this.
@abeerkulkarni
@abeerkulkarni Жыл бұрын
Amazing! I score 12.
@RawStartup
@RawStartup Жыл бұрын
Great! Maybe you should play around with it a little bit...
@bdssllc
@bdssllc 2 жыл бұрын
36...rolling with it
@RawStartup
@RawStartup 2 жыл бұрын
Go for it! Good luck 🤞
@zzzzzz8090
@zzzzzz8090 Жыл бұрын
BRILLIANT
@RawStartup
@RawStartup Жыл бұрын
Thank you!
@Splend9
@Splend9 2 жыл бұрын
Thanks a lot 🙌
@RawStartup
@RawStartup 2 жыл бұрын
Always welcome
@picklenick95
@picklenick95 7 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.
@hassanabdelrahman9782
@hassanabdelrahman9782 2 жыл бұрын
Got 48 Thank you.
@RawStartup
@RawStartup 2 жыл бұрын
Welcome 48 is solid!
@OfficerK-D6-37
@OfficerK-D6-37 9 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?
@subramanianchenniappan4059
@subramanianchenniappan4059 11 ай бұрын
Startup guru 😍😍
@ambarishkhot1
@ambarishkhot1 2 жыл бұрын
When you say the market is small ? Any numbers below to identify
@RawStartup
@RawStartup 2 жыл бұрын
Always tricky to find, but check this video, might be helpful kzbin.info/www/bejne/npSphnuwgtB6eNE
@rarescruceat
@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
@RawStartup Жыл бұрын
Great good luck with it
@MERNStack
@MERNStack 2 жыл бұрын
thanks a lot
@RawStartup
@RawStartup 2 жыл бұрын
Welcome!
@wintersunshine2012
@wintersunshine2012 2 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.
@RawStartup
@RawStartup 2 жыл бұрын
Thanks that is a little bit outside what I normally do
@ribe3434
@ribe3434 3 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.
@RawStartup
@RawStartup 3 жыл бұрын
Sounds good, good luck with it!
@ribe3434
@ribe3434 3 жыл бұрын
@@RawStartup thanks, we will need it, nothing is guaranteed.
@InfiniteRealMusic
@InfiniteRealMusic 10 ай бұрын
I got a 24 but If I only secure the funding it would easily be a 48
@pasiturpeinen9273
@pasiturpeinen9273 8 ай бұрын
48 or 72. Lets spell it 48. Very informative video and well stuctured.
@mastert-vr4479
@mastert-vr4479 3 жыл бұрын
Amazing content, thank you. I thought 36 would be an abysmal score but what did I know :)
@RawStartup
@RawStartup 3 жыл бұрын
Great, yes that is a solid score.
@sn3lling
@sn3lling 10 ай бұрын
54 was my score easy to build with a small team but that makes it difficult to defend
@Christopher-N7
@Christopher-N7 8 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.
@algorithmicacademy
@algorithmicacademy 2 жыл бұрын
can we add scalability as the 6th factor in it? in that case what will be the good score?
@RawStartup
@RawStartup 2 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. .
@algorithmicacademy
@algorithmicacademy 2 жыл бұрын
@@RawStartup thank you for your guidance
@alphaminds1089
@alphaminds1089 11 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.
@ExxcKA
@ExxcKA 3 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.
@RawStartup
@RawStartup 3 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.
@ExxcKA
@ExxcKA 3 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.
@ExxcKA
@ExxcKA 3 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
@Sanjogful
@Sanjogful 10 ай бұрын
I am happy i saw this
@pwfl-parakramwarriorfightl5809
@pwfl-parakramwarriorfightl5809 2 жыл бұрын
24, right where you were.
@RawStartup
@RawStartup 2 жыл бұрын
Good, solid score.
@thomasherzig174
@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
@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
@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
@RawStartup Жыл бұрын
That is tricky you go out and find somebody
@ronylussari
@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
@RawStartup Жыл бұрын
Thank you very much, this is good feedback you're also taking it one level deeper.
@buddy.boyo88
@buddy.boyo88 9 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 ?
@RawStartup
@RawStartup 9 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.
@yaserhu
@yaserhu 5 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
@vijaykannan6859
@vijaykannan6859 2 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?
@RawStartup
@RawStartup 2 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
@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
@RawStartup Жыл бұрын
Not so sure about surveys, but yes speaking on all kinds of stages can help.
@smart-sg5cs
@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
@RawStartup Жыл бұрын
Go and build it, good luck with it!
@kisssprogcenter4206
@kisssprogcenter4206 3 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.
@RawStartup
@RawStartup 3 жыл бұрын
Thanks, good luck!
@MalikJamal-nj8xg
@MalikJamal-nj8xg 2 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.
@RawStartup
@RawStartup 2 жыл бұрын
Thanks, yes this is a system that I created based on my experience and research.
@patriklindr
@patriklindr Жыл бұрын
Excellent content, thank you. 36
@RawStartup
@RawStartup Жыл бұрын
Thanks sounds like a good Startup idea
@jeffheiner
@jeffheiner Жыл бұрын
awesome 108 plus the bonus 100 ya
@RawStartup
@RawStartup Жыл бұрын
Nice go for it!
@yart4420
@yart4420 2 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.
@RawStartup
@RawStartup 2 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
@gman21266
@gman21266 3 жыл бұрын
My score was 113. But is this applicable to a non-tech product such as an appliance ?
@RawStartup
@RawStartup 3 жыл бұрын
Yes, I think it can be!
@gobeyondlife83
@gobeyondlife83 2 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?
@RawStartup
@RawStartup 2 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.
@gobeyondlife83
@gobeyondlife83 2 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
@crypto--empire9037
@crypto--empire9037 Жыл бұрын
@@gobeyondlife83 📥
@problemsolver4782
@problemsolver4782 Жыл бұрын
162 Thanks for the great videos!
@RawStartup
@RawStartup Жыл бұрын
Welcome! Solid score!
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