I’m mentoring this weekend (I’m posting late I admit! That was two weeks ago) at startup weekend Beijing. Great atmosphere around, people are working on diverse ideas! It’s great!
All is led by a great team who are members of the Lean startup Meetup and the one and only Mike Michelini who came especially from Shenzhen! Kudos to Mike!
Been talking here with a good friend and experienced entrepreneur about the projects that were chosen here on Friday night. I wasn’t here when it happened but he told me that people voted for each of project and the ones that got the most votes (stickers!!) are the ones people are working on now.
And then he says: “…and the project I liked the most got zero votes, and that’s a project who can actually make money.” (paraphrased)
I’ll keep it short here, and won’t over analyze. But my point is, when you are thinking about your idea for a startup it’s important to see how you make your first buck quick, this is the best validation there is.
Once you’ve got that validation you can then develop it further.
It doesn’t have to be very Sexy sometimes, it doesn’t have to be an app or a new social network , it can also be a new business model for an existing market which doesn’t require a lot of development and certainly quick to validate. So, next time you have a non-cool, non-sexy idea give it another thought. This might be the right one!
Also, wanted to share a cool video mike made at the event (Spot me there to get a “like”). Enjoy!
Now over to you
Do you agree with this? Or you think that if the idea is not cool enough a person might loose the passion doing it?
What about not cool ideas that became very big (Amazon as example is just a large on-line store and started as such…)