GrowthHackers Experiments is a complete platform to track ideas, hypotheses and results.
Hello everyone, my name is Pablo. I am a startup founder that is dedicated to programming geospatial solutions (maps, analysis of satellite images with machine learning, etc.) for different companies. We have spent a long time trying to go from performing services to creating a scalable product and we have a methodology to validate possible products that I would like to share with you and know if you have created this before, pros, cons and any contribution you can give me as to whether we are correct or not: step 1: search a sector (for example insurance). first week step 2: select a niche within that sector (e.g. crop insurance). first week. Step 3: Search companies that are providing this service to insurance (our future compentence). second week. Step 4: Search information (docs, calling to the insurance office, contact workers in that sector, etc.) about how the insurance sector solve this problem. third and fourth week. step 5: develop a PDF with a mockup of the solution for insurance sector. fifth week. Step 6: call all insurance office and offer this solution. sixth and seventh week.
Roughly one-third of startups fail because of a lack of funding. They may have brilliant ideas, but not enough financial support to survive, besides that, COVID is changing the startup financing picture significantly. This means that the financing industry is becoming very selective and competitive. But don’t put your great idea on the shelf just yet. A compelling investment proposal will give you a good chance to source the funding you need. But if you haven’t done it before, you probably have a bunch of questions. How do you write a good investment proposal? How long or short should it be? And what should you write about? You’ll find all the necessary information in this guide.
Clients approach software development companies with particular requests for products to fulfill their specific needs. When a development team takes the request “as is” and starts putting the documentation together, without verifying the validity of such a product idea, it may lead to misalignment in expectation and disappointment in the final result. I argue that the MVP approach is suitable even when the company is looking to develop a product for internal enterprise use, not to mention bringing a new product to the market
A minimum viable product (MVP) is a concept from Lean Startup, defined by Eric Ries as that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort. It serves as validation on whether your customers will actually purchase your product. The sooner you can find out whether your product will appeal to customers, the less effort and expense you spend on a product that will not succeed in the market.