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Assuming you already have an exciting idea, this guide dives into the next critical phase in building a startup: validation. If you're still refining your idea, we recommend visiting the early-stage thinking outlined in Startup for Startup Ideation’s section.
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For terminology as you go, check out:
Before we dive in - here are some additional libraries and resources from trusted sources:
Y-Combinator Startup School
YC Startup Library | Y Combinator
Hubspot Academy (general resources)
The best startups solve real, urgent problems, not just interesting ones. Before you commit to building, make sure you truly understand the pain point you’ve identified.
Ask yourself:
Don’t fall in love too quickly with an idea. Make sure to check-in and be open to pivoting if needed. You can use a simple scoring matrix to evaluate each idea based on the outlined below, then compare your finalists:
| Criteria | Example Questions | Score from 1: (probably not)-5 (of course!) |
|---|---|---|
| Founder–Market Fit | Are you the right person to build this? | |
| Market Size | Is this a $1B+ opportunity? | |
| Timing | Has something changed recently to make this the right time? | |
| Edge or Moat | Can you win long term? | |
| Total Score | X/20 |
You don’t need a perfect score but you should know what you're trading off.
Don’t discard an idea just because it scores low. Instead, treat that as a call to refine or reframe.