Too many questions needs to be asked and answered before building startups. But my question is how many of those questions needs to be right before you can actually hit the road and build the product.If you have answers to some of these questions investors will likely take you serious and even begin negotiation with you about your idea.
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Which market are you serving and how big is that market
How Big is the Industry you want to serve
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Who is the biggest competitor that industry
Can you count 10 customers who will be willing to use your product
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Can you Bootstrap the idea or you will need a a venture capital fund
What is the trend in the industry you have chosen and how sustainable is the industry.
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Will you be happy to use your own product
How passionate is the team behind the idea
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Is the idea just a technology or you can build a business out of it.
What other questions did you answer before you started your company.
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10 comments
me and my friends have been into venture capital investments and so far the income is great.."-
Did you invest in a startup or your startup recieved funds from a venture capitalist ?
Venture Capital is always risky but if market research had been done correctly, you will earn a lot:::
Market research is very important. Investors want the numbers and facts to prove the viability of the idea they are putting their number into. Both the founder and investor share the risk and the benefits.
venture capital is quite risky but the returns are great if you succeed-"-
venture capital is a risky business but the returns are great if you know how to invest properly';"
venture capital investments are very very risky, don't invest if you do not have the nerve to do so,";
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