- Idea is going to disrupt market
- Need an upfront investment
- Family and Friends
- Bootstrapping
- Government Department
- Crowd Funding
- Angel Investors
- Venture Capitalist(VCs)
- Team
- Opportunity
- Business Model
- Work experience of the team is looked at.
- Core members need to have skills to complement each other.
- Coherent team environment is expected.
Keyword | Explaination |
---|---|
Clarity | Clear problem statement and solution. |
Timing | Should not be too early to market. |
Market size | Needs to be huge. |
Competition | Need not be the best, but have a better way of doing it. |
- Who are your customers ? What do they need ?
- Value proposition - what is your customer getting ?
- Why should the customer prefer you ?