Startups & Ventures

What is a minimal viable product(MVP)? So, you have this idea that sparked a lot of interest in you. It may or may not do the same for the other people you're gonna show your project. That's why people do MVPs. To test something quickly: build and get feedback to understand whether to proceed further. You may love the idea but no one else does so. *Why it's minimal?* Imagine the idea you love and want to build. How many days you should spend creating a working prototype? Let's calculate: 4 features, plus 3 integrations, and a possibility to pay in all countries, and one more feature to show cool analytics, and awesome UI, and..., and... Hmm, it'd take you 9 months. Fine! You've built it in 13 months(some unexpected adjustments here and there). You released it to an alpha test and it occurred no one is interested. You may say it's due to a lack of sufficient market research. You're right, let's do the research then. You did it and figured out that your target customers are private teachers in small schools. You talked to many of them and asked about the problem you try to solve. You did all the right things. Then, it's time to build something, right? So you've decided that in this case, it'll be fine to spend 13 months building a solution. You built it, showed it to the target potential customers and it turned out your solution doesn't address the problem they have. They would solve it differently! Fine, you collected the feedback and rectified your MVP in 2 months. Then, you repeated the release-get feedback cycle a few times spending a year overall to get a few people who want to use your solution. So, it's 2+ years just to build an MVP that people can use? The main point in the MVP concept is to iterate fast. You build something fast, show it to your potential users, collect feedback on what's wrong, adjust the solution. Do this multiple times and you get a few users. Then more until a product-market fit where your problem is scalability.

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We're grateful to all people who support Ukraine in any way: financially for our army or by spreading the actual information and their words to the world authorities to stop Russia. The world should understand that Ukrainians don't just defend their country. They defend the continental peace. Ukrainians try to show Putin it's not fine to kill our people. The world should also show Putin a definitive "fuck off" by actions, not by just worrying. If you want to help, you can write this tweet to attract more attention:

Dear @OlafScholz @EmmanuelMacron @JoeBiden @BorisJohnson Please #BanRussiafromSwift #CloseTheSky #SendNatoToUkraine

Or, by writing comments in every post on their Facebook pages with such text:

Ban Russia from SWIFT! Protect Ukrainian Sky! Send NATO to Ukraine! #BanRussiafromSwift #CloseTheSky #SendNatoToUkraine

Spread the word. Thanks.

Russia invaded Ukraine, an independent country, without any reason. Because Putin can. They kill our people, even civilians. World authorities don't care much. There are exceptions, of course. Some help us financially, or by providing weapons. We're grateful for that. In most cases, it looks like in the image I attach to this post. Some countries imposed sanctions on Russia. We're grateful for that. However, the war is continuing and Putin doesn't want it to stop. Current sanctions aren't enough. The countries that signed the Budapest memorandum were supposed to assure Ukraine of its security. They provided guarantees. The United Nations organization aims to maintain international peace. This war means any of these don't guarantee Ukrainian security, as we see. It also means such organizations don't necessarily work in all cases. Hence, it shows other countries they are in danger too. EU & US wanted to protect European peace. Do they want to currently?

idea: Convenient CV A tool that helps to manage your CVs and keep them up to date. The problem is to update them: you need to edit PDFs manually by adding new experience and changing skills level and so on. The tool should help you to eliminate the pain. It's like versioning your resume.

inqoob - new chatbot builder 🦾 An international team of marketers and developers took into account all the shortcomings of bot creation services and launched their own, which closes the key problems of users. Now the beta version is ready. And the first team of testers is recruited Subscribe to the channel - do not miss the new release. Well, to make it even more exciting, the guys are launching an Accelerator from idea to startup. If you've been dreaming of becoming a startup, welcome to inqoob. Monetize ideas with an international team of developers. Here is the link 👇 https://t.me/+UsflYPgApI5jOTAy

inqoob - new chatbot builder 🦾 An international team of marketers and developers took into account all the shortcomings of bot creation services and launched their own, which closes the key problems of users. Now the beta version is ready. And the first team of testers is recruited Subscribe to the channel - do not miss the new release. Well, to make it even more exciting, the guys are launching an Accelerator from idea to startup. If you've been dreaming of becoming a startup, welcome to inqoob. Monetize ideas with an international team of developers. Here is the link 👇 https://t.me/+UsflYPgApI5jOTAy

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Opportunity: health care optimization How many industries do you think can be optimized by involving technology to increase their efficiency? For instance, let's take the health care system. As described by TechOpinions, “the actual medical care system is not significantly more efficient than it was 10 or 20 years ago. Yes, there are now electronic medical records, and some consumers have access to their health history online. But the process of booking appointments, getting a referral, determining the price of a service, or determining the efficacy of a physician or the quality of a hospital or other treatment facility remains a rather arcane process.” While capital intensive, is there a potential alternative or opportunity to roll up a healthcare system in a rural part of the country and begin experimenting with tech optimization? There are currently over 6,090 hospitals in the United States with 2,946 Nongovernment Not-for-Profit Community Hospitals and 1,233 Investor-Owned (For-Profit) Community Hospitals. Given that there is a market, this business would double-down on capturing a larger more efficient share of the investor-owned community hospitals that exist. We had an idea posted here about ERP systems that are super outdated, expensive, time-consuming, but health care units use them because of a conservative monopoly in the market. There are still businesses in, for example, rural areas where you can implement such a system, which will be not so expensive, more efficient, user-friendly, and yield profits.

Idea: Digital Graffiti Using AR you can "tag" any location in the world and paint on it. It can only be seen holding a phone up to it. Example: go to a supermarket, hold up your phone and draw all over the cereal aisle. Anyone who has the app can hold up their phone and see your art through the app. It's like having a different layer of the world.

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It's been a while since the latest post, so I'm sharing some useful links to go down the rabbit hole. Some of them may seem to not be related to startups or businesses directly, but advice there can affect this mindset implicitly. - The Pmarca guide to startups - Ask HN: Successful one-person online businesses? - Ask HN: What's the most valuable thing you can learn in an hour? - Ask HN: What are your “brain hacks” that help you manage everyday situations? - Ask HN: What's a promising area to work on? - Startup idea checklist

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People buy 4 things and 4 things only. Ever. Those 4 things are time, money, sex, and approval/peace of mind. If you try selling something other than those 4 things you will fail. --- In which category video games fall into in your opinion?

Find me a date A dating app synced with a wearable ring. When you’re in proximity to a match, your ring glows brighter the closer you get.

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Finding reliable users to fill out your surveys is too time-consuming Recruiting people for your customer surveys with a specific demographic and recruiting enough of them to have representative samples is incredibly time-consuming. I really wish that there was a service where I could fill out a couple of parameters and request these users on demand. —- Attract early-stage supporters and contributors for your project

Attract early-stage supporters and contributors for your project Today is the launch day of Tokenhunt.club 🚀 - a tool allowing you to create a dedicated page for your product / project, get a sharable link and attract your first loyal audience. This is a way to ensure early boost and valuable feedback at the beginning of your product journey. The project is now Open Beta, so you're getting all the features for free and also you can make it to the list of featured projects and get noticed by other community members, incl. engineers, vc's etc. ______________ Publish your project at: https://tokenhunt.club Example of a project page: https://tokenhunt.club/project/phygital-flowers-marketplace In case any questions / feedback or support feel free to contact @yuralisin Good luck with your ideas 🍀

Common reasons why startups fail by Failory.com: - Marketing mistakes were by far the most common, and they were generally speaking the most deadly with 69% of all mentioned marketing mistakes being fatal. In fact, the fatal marketing mistakes were more numerous than all other fatal mistakes combined (56% vs 44%), as can be seen in the pie chart below. By far the most common reason for shutdown was lack of product-market-fit which constituted more than half of the marketing mistakes, but more on that below. - Team problems – friction, lack of experience, lack of motivation, etc., were the second most common. They were some of the least-deadly percentage-wise (only 39% of all mentioned team problems being fatal), but because they are abundant they were still the second most common reason for shutdown. - Financial problems and mistakes were the third most common. That said, bearing in mind more than 50% of the projects didn’t have any budget to begin with and more than 75% of the projects were self-funded, it’s a surprise that only 16% of the projects point at financial problems as the major reason for failure. - Tech problems were extremely rare, which is surprising considering almost all projects in the data have a technical side to them. The most common remark was that too much time and effort was spent on tech that proved to be useless in the long run. The most common answer to “a thing you would do differently next time” by far was “I’d talk to customers and validate my assumptions before writing a single line of code”. That said, a big % of tech problems were fatal: e.g. relying on a 3rd party API that changes can ruin a business overnight. - Operational problems were quite rare and not that deadly, but it’s important to mention that most interviewees ran software projects, so operational problems (e.g. suppliers, distribution) are not as common as in brick-and-mortar and physical product projects by definition. - Legal problems were rarest, mentioned only four times, but two of those four proved to be lethal. For most early-stage startups the legal side is a non-factor. Yet, there are still industries where you can’t afford to ignore it (food, finance, etc.).