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Intro to using experts to validate your startup ideas

Now that we know there is an opportunity in the market for our startup idea, we want to get some expert advice on how to approach that problem, target market, and industry.

Think of this phase as asking your college professor what the answers to the idea validation test are before you ever start the course.

In almost every case there are experts out there that know many of the answers you're looking for and are willing to share that information with you.

The challenge is to find the right experts and present them with very specific questions about your business idea, and in return get highly specific feedback.

Their feedback can help shortcut the market validation process, market research, ev...

Running a startup is a ton of work as a solo Founder, so much so that many Founders find themselves at a loss trying to get everything done. For those that are non-technical, this proves to be a challenge, as coding is essential in this day and age, so bringing on a technical co-founder is a must. This is also true for technical Founders missing the mark on the creative front, so it's no surprise that one of the most searched terms on the internet is "finding a cofounder."

It seems like it should be easy — find a co-founder (or more) that aligns with your startup idea, mission, and has the complementary skills to do all the things you don't know how to — but it's not that simple. Finding the right co-founder is a complex combination of effor...

Continuing in Phase Three of a four-part Funding Series:

Phase One - Structuring a Fundraise

Phase Two - Investor Selection

Phase Three - The Pitch

• Part 1 - Anatomy of a Pitch

• Part 2 - Market Size

• Part 3 - Revenue Model

• Part 4 - Operating Model ( ←YOU ARE HERE 😀)

• Part 5 - Customer Definition

• Part 6 - Customer Acquisition

• Part 7 - Funding

• Part 8 - Key Pitch Assets

• Part 9 - Traction

Phase Four - Investor Outreach

Let’s dive in!

What is an operating model?

If the Revenue Model is all about the clever ways you’re going to make money, the Operating Model is all about the clever ways you’re going to manage costs and efficiencies to earn it.

Operating Models Shouldn't Be Afterthoughts

Often the Operating Model gets the least amount of love. That’s because ...

Leadership is a popular topic these days. To become a true leader, you need a combination of skills and attributes. Some of these are inborn, to be sure. However, you can develop your leadership abilities as well.

Entrepreneurial success stories often tip a hat to the literature that supports busy business owners through the thick of the business building experience so, of course, we wanted to share books with actionable advice that aspiring entrepreneurs will find helpful on their journey to building a successful business.

Business books that have already helped millions of entrepreneurs can guide you along the way to obtaining a sustainable business, and being the best leader you can be. After all, being a great leader takes effort — and a ...

The Problem Slide is the single most important slide in our entire Pitch Deck. If we can’t convince an investor to care about our Problem Statement Slide then our Solution Slide isn't going to matter to potential investors.

Everything Hinges on the Problem Slide.

Our pitch deck Problem Slide is the North Star for a winning pitch deck. Our Problem Slide will be what we map every aspect of our investor pitch deck too, from our Competition slide to our Revenue Traction, to our Marketing Plan. The best pitch deck examples absolutely nail the problem slides every time.

How do Most Investors think about the Problem Slide?

Before we begin building the Problem Slide for our pitch deck, let’s think about this slide from the investor’s perspective. This ...

Continuing in Phase Four of a four-part Funding Series:

Phase One - Structuring a Fundraise

Phase Two - Investor Selection

Phase Three - The Pitch

Phase Four - Investor Outreach

• Part 1 - Investor Outreach

• Part 2 - Investor Introductions: How to Get Them

• Part 3 - The Investor Email Pitch ( ←YOU ARE HERE 😀)

• Part 4 - How to Contact Investors

Let’s dive in!

Nearly all potential investors require a solid email pitch before they are willing to take a meeting with a startup. A great Email Pitch won't guarantee you a meeting, but a bad one will definitely prevent one! Therefore, creating the perfect Email Pitch is essential if you want an investor to respond.

The perfect Email Pitch is very tight — just a few very well-crafted sentences to create a great fi...

Continuing in Phase Two of a four-part Funding Series:

Phase One - Structuring a Fundraise

Phase Two - Investor Selection

• Part 1 - Introduction to Startup Investors

• Part 2 - How to find Startup Investors (←YOU ARE HERE 😀)

Phase Three - The Pitch

Phase Four - Investor Outreach

Let's dive in!

The search for investors takes time. However, we can at least make sure the time you do invest is well spent. These days “investor research” really means combing through a handful of databases and Web sites to find potential connections to the investment community.

Finding investors isn’t like finding a plumber. There’s no “directory of interested investors” available from the small business administration that you carpet bomb with emails and wait for people to ...

Startup Equity: What Should You Ask For?

If you’re already in the startup world, there’s a strong likelihood that you Founder equity (we’d be surprised if you didn’t!), but if you’re new to the industry, understanding how much to ask for in any given opportunity might be somewhat of a mystery to you. We are here with the help of fellow entrepreneurs in our community to share insights, guidelines, and other resources for anyone in the position to ask for (and receive) equity compensation from a company.

What is Equity Compensation?

Equity is the value of a company's stock, which you earn as a percentage of the company’s profits (or losses). Equity compensation can be thought of as an investment: when you own equity in a company, you're putting...

When I (Jonathan) read the book Exponential Organizations 3 years ago, a whole new world opened up for me. Up until then, I didn’t know Salim Ismail that well—just like a lot of other people, I guess.

Today, Salim Ismail is one of the hottest names in the business world. He has spent the last 7 years building Singularity University as its founding executive director and current global ambassador. Prior to that, Ismail was the vice president at Yahoo, where he built and ran Brickhouse, the company’s internal incubator. His last company, Ångströ, a news aggregation startup, was sold to Google in 2010.

Salim Ismail has founded and/or operated seven early-stage companies, including PubSub Concepts, which laid some of the foundation for the real...

Communicating a bold vision isn't just about how it's delivered, it's about how it's crafted.

As Founders, we live and die by the quality of our visions. We use it to inspire people to join us, to convince customers to buy from us, and to attract investors to fund our ridiculous ideas. Visions are the lifeblood of what we do, and yet, a lot of us don't really understand how to create them.

The common misconception is that our vision is simply a grand statement we make about the future. While that's partially true, it doesn't really explain what separates a good vision statement from a great one. To create a great one, we have to understand the three underlying mechanics.

Sell the Problem

Selling a vision is really about framing a problem be...