You have a startup idea - now what? Start with a Value Proposition canvas!

You have an idea - how do you get started? In this video I walk through the 9 steps I suggest an entrepreneur tackle to first evaluate and then pursue a startup idea:
1. Capture your Value Proposition in a Value Proposition Canvas
2. Test those value proposition hypotheses with customer interviews (customer discovery).
3. Capture the rest of your business model hypotheses in a business model canvas, and get out and test your business model hypotheses to convince yourself that this can be a profitable business.
4. Research the competition
5. Create a legal entity so you have a place that can own the company's intellectual property, hold the company's finances, and provide some liability protection.
6. Protect your company's intellectual property with intellectual property assignment agreements and with trademarks, copyrights, trade secrets and patents.
7 Build a team
8. Develop your milestones and a funding plan consisting of a sequence of milestones, a source of funding for each milestone, and a funding instrument for each milestone (typically a convertible note, SAFE (Simple Agreement for Future Equity, priced round, crowdfunding, or grant such as an SBIR or STTR).
9. Fund and execute your milestones
Size the funding round needed for the current milestone with a bottoms-up cash flow analysis
Select a source of funding and an SEC exemption
Choose a funding instrument (convertible note, SAFE, etc.)
Develop you offer (e.g., discount, valuation cap, etc.)
Assess feasibility of your funding approach; adjust if needed
Develop your pitch pack including the pitch deck (see the
playlist on the investor pitch)
Have your attorney develop the required legal docs
Start networking and pitching
You'll do a series of trial close to "soft circle" investments
Be prepared for due diligence
You may need to use an escrow account
Get that first close!
Complete your SEC exemption filing, if required
Finish the round
Use the funds to complete the milestone
Repeat all that for the next milestone

[@sudhirkirodiwal8348]

I love this kind of free training. It is too much helpful for me.

[@brunotp_73]

Fantastic! Great explanation...so helpful. Thanks for sharing your time and experience.

[@ВолодимирДолгопятов-б1р]

Absolutely brilliant

[@nebiyuhabtemariam6691]

i had a mentor and shared my idea she saif there is two sides of business creative and administration,
i got the creative side meaning the value goals and marketing and design and image
but i lack the administration, finance, managmaent pricing and outcourcing thats why i came here

[@tajirreynolds2454]

he should write a base book and sell it like this it would help a lot of people

[@sudhirkirodiwal8348]

Can I do vediocall know and discuss my idea with you?