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The Quick and Dirty Guide to Validating Your Startup Idea
How to design and conduct a meaningful lean startup experiment
Published in
9 min readJun 8, 2016
Hi everyone, Alex here. At Launch Academy, I am lucky enough to surround myself with so many talented early-stage entrepreneurs. After four years of mentoring 1000+ entrepreneurs and building six startups, I’ve consolidated my learning and developed a framework that you can apply to your next startup idea.
TLDR:
- Fully understand the problem you’re solving
- Know who your early adopters are
- Make sure you are solving the problem for the right people
- State your hypothesis and create a test plan
- Design your test to validate your solution
- Set your expected metrics
- Compare your expected metrics with your observed metrics and make a decision
- Sign up to our free email course and receive a curation of startup resources that I’ve collected in the past 5 years