STARTUP BASICS & IDEA VALIDATION
This is the first step to see if people want your idea.
What is idea validation?
Using your own money instead of investors.
What is bootstrapping?
A group of people a company tries to sell its products and services to. A group of people a company tries to sell its products and services to.
What is a target market?
The biggest banking firm founded in 2000
What is JPMorganChase?
This is the cost related to acquiring a new customer.
What is CAC?
Talking to people about their problems is called this
What are customer interviews?
Early investors who use their own money.
Who are angel investors?
Understanding what customers want before selling a product or service.
What is customer research?
The biggest online market place founded in 1994
What is Amazon?
The process of starting a company via one's own personal savings.
What is Bootstrapping?
This short test lets you see if people understand your idea.
What is a concept test?
Funding from many people online.
What is crowdfunding?
A rivaling business that sells similar products and services.
What is competition?
The biggest oil company in the world
What is Saudi Arabian Oil Company?
a company has more money moving into it rather than out of it.
What is Cash flow positive?
A basic website used to test interest.
What is a landing page test?
A plan for how your startup makes money.
What is a business model?
A practice to motivate previous customers to continue purchasing from the same business.
What is customer retention?
One of the big car company based in Japan founded in 1937
What is Toyota?
An extremely rare startup that raises $1 billion in a single round of funding. It is yet another variation of the Unicorn startup concept.
What is Dragon?
This simple sketch shows what your product might look like.
What is a product mockup?
This document explains how much money your startup needs and how it will be used.
What is a financial plan?
Research that makes a comparison between a startup and other, similar pre-existing businesses.
What is competitive analysis?
Sells the best graphic cards around the world founded in 1993
What is Nvidia?
The rate of business proposals and pitches received by VCs, angels, and other financiers.
What is Deal flow?