Tag

validation
Validate your startup idea
If there’s one statistic that aspiring startup founders should ponder – it’s that 42% of failed startups, folded due to lack of ‘market need’. In other words, they weren’t solving a big enough problem. The startup graveyard is littered with marketplaces for pet costume hire, apps to connect drones to the blockchain, and yes, even...
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Gary from GlobalWhere, Xcelerate
This is a guest blog by Gary Scott, Founder and CEO of GlobalWhere, a startup in the current Xcelerate cohort. Gary shares how the concept for the business came about, and the many steps taken along the way. GlobalWhere provides a real-time data sharing platform for worker safety information. Following in Dad’s footsteps I grew up...
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In 2015 the New York Times published a process that allowed strangers to find their soulmate in 90 minutes. The article, “To Fall in Love With Anyone, Do This”, explained the hypothesis of the original psychological study: that asking and answering 36 probing questions with someone could accelerate the feeling of intimacy. The final activity,...
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Like all good startups we’ve had to learn by doing along the way. One of things we’ve managed to figure out is how to validate the heck out of any* startup idea before you start building anything. It’s crazy how many well-meaning, excited founders mistake activity for progress. The last thing you want is to be...
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Plane with detachable cabin
A common mistake made by new startup founders and new investors alike is to be too concerned about competitors. Sometimes, all it takes is one competitor already doing something similar and a new founder will decide that’s one competitor too many. Often, a new investor will think first-mover advantage (being first in the market) is...
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