What allowed us to survive?

  • Strong technical team - not intimidated by any technical challenge
  • High ego for the product
  • Low burn (minimum cost of running solution)

What problem are you solving?

  • Can you state the problem clearly? (in two sentence)
  • Have you experienced it yourself?
  • Can you define this problem narrowly?
    • Let’s talk about the people that we can address first? who can we help first? immediately? How can we get first indication that this this working? what is that use case?
  • Is that problem solvable?
    • Babysitter example

Who is your customer?

  • Everyone?(No!)
  • First customer
  • How offen do they have the problem?
    • frequency of the problem. example: car shopping website
    • Who is getting the most value out of this product?
    • You’re trying to help someone with the problem they have frequently
    • if you think about the products that you use on a daily basis
  • How intense is the problem?
    • Frequency and intensity analysis. example: uber (buy a car, taxi)
  • Are they willing to pay?
    • Give it a way for free = > No
    • You want to know wheather you have a good prouct?
      • it’s a lot easier to make it a litte bit harder (pay) for your user to use it

      • and then see if it they use it anyways

      • Charge zero dollar to the user come only to try something out, not intense problem

        • Try to learn from the wrong person
      • Start with a higher price or a price is almost / always better

      • If you need to give it free, you need to do the analysis of how do you talk yhe user

        • where the problem is actually intense
        • use product frequently, in production, for real-world purpose
        • talk to the good customer is good but talk to the bad customer is very very bad => hijack
  • How easy are they to find?
    • Get water to the pepole in the middle of a desert in the Sahara