I'm aware of the basics and we'll get exact details nailed down before we start.
There's generally four steps to doing a startup: market validation, business validation, technical validation, execution. Right now we're doing market validation, ensuring that people actually want the product we're imagining. The next step is business validation, which is the process of (among other things) talking to lawyers and other experts to ensure there's no regulatory hassles or contact-with-vendors issues. Technical validation is the easiest part -- just design the thing. Business validation and technical validation can be commingled, but there's no point in doing the other two if market validation fails.
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Date: 2015-09-09 03:59 pm (UTC)There's generally four steps to doing a startup: market validation, business validation, technical validation, execution. Right now we're doing market validation, ensuring that people actually want the product we're imagining. The next step is business validation, which is the process of (among other things) talking to lawyers and other experts to ensure there's no regulatory hassles or contact-with-vendors issues. Technical validation is the easiest part -- just design the thing. Business validation and technical validation can be commingled, but there's no point in doing the other two if market validation fails.
Still, great point. Thanks for the warning.