Four Characteristics of Great Startup Ideas
Podcast: Idea to StartupPublished On: Wed Jul 26 2023
Description: Today, we talk through four characteristics of great startup ideas (with a bonus fifth Brian thought of post-recording). We discuss organic growth, market innovation vs. product innovation, growing markets, product swaps, and happiness. The goal of this episode is to help shape fuzzy ideas and give you new ideas. TackleboxBeehiiv1:27 The Personal Venn Diagram5:18 Smooth Jazz5:46 The Four Characteristics of Great Startup Ideas6:48 Characteristic 1: Potential for Organic Growth9:14 Characteristic 2: Market Innovation > Product Innovation10:57 Characteristic 3: Prioritizing Around a Growing Market12:40 Four Buckets of Market Growth12:45 Hype Markets13:36 Dig out of a Hole Market (nurses, agriculture, skilled trades)16:23 Momentum Markets16:56 Subsidized Growth17:42 The Swap21:19 On Happiness
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