A startup advisor and CEO of datarockets shared his framework to Validate Startup Ideas
This framework helps entrepreneurs differentiate good and bad ideas, avoid wasting time and money, pivot their ideas and validate them without actual coding.
Based on his proven knowledge on product development, the CEO of web and mobile development firm, Pavel Demeshchik has developed a credible framework to separate good ideas from bad ones, and wrote the guide to explain each question and step in a simple, understandable manner.
In his guide, Pavel covers the topics of value proposition, business model and growth assumptions, experimental plan definition and MVP scope.
Besides talking about successful ideas, he mentions that if entrepreneurs happen to fail at any stage, there's no reason to be upset about it, because it basically means that they successfully prevented their money from being wasted on developing a product that was likely to fail in the first place.
His framework will be helpful to avoid wasting time and resources on something that's certainly not worth it, learn proactively and pivot startup idea at a much quicker pace and validate a product idea without actual budget/coding skills.
As a bonus, Pavel gives free access to the template that he uses on his own to write down all his assumptions, do research and validate ideas. Having this document filled in and some experiments run, entrepreneurs already can raise some money from investors. So, the approach offered as a tool to validate ideas, can also become a good investor deck.
Yulia Garanok, Marketing Manager at datarockets