How To Validate Your Business Idea By Testing A Hypothesis
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Re: How To Validate Your Business Idea By Testing A Hypothesis
#2It's quite difficult to validate an idea, after FFF approved it and when you start development. In our startup we found it quite difficult to find the resources, where our target audience is located.
Re: How To Validate Your Business Idea By Testing A Hypothesis
#3While I do see the value of validation, this is not a silver bullet. People try to simplify things, find patterns, but this cannot always work. There are so many reasons why I would not want to validate things:
- Sometimes, people will not tell you what they want, because often they do not know what they want, until you show it to them. Someone smarter than me said this before.
- People judge from their experience. You can have the perfect group to validate with.. but their experience will trick you.
Building a product is an art. There way too many things one should consider based on his experience and intelligence, not everything can be quantified and calculated (well, it can be, but still with assumptions, and once you assume...). As one of my favorite photographers says, "There are no rules for good photographs, there are just good photographs". Same can be said when building a product..
Re: How To Validate Your Business Idea By Testing A Hypothesis
#4While I do see the value of validation, this is not a silver bullet. People try to simplify things, find patterns, but this cannot always work. There are so many reasons why I would not want to validate things: - Sometimes, people will not tell you what they want, because often they do not know what they want, until you show it to them. Someone smarter than me said this before. - People judge from their experience. Y…
You are also right! I think if you've build several products before it's more easy to choose the right path building great products. But I do also see a lot of people just building something behind closed doors without thinking about the problem they really want to solve. Of course, justyo.co for example... I don't think there was a huge need in sending YO's :D
Re: How To Validate Your Business Idea By Testing A Hypothesis
#5[deleted]
Re: How To Validate Your Business Idea By Testing A Hypothesis
#6While I do see the value of validation, this is not a silver bullet. People try to simplify things, find patterns, but this cannot always work. There are so many reasons why I would not want to validate things: - Sometimes, people will not tell you what they want, because often they do not know what they want, until you show it to them. Someone smarter than me said this before. - People judge from their experience. Y…
"There are no rules for good photographs, there are just good photographs". I disagree with this and think that it is a self-defeating, irrational attitude.
Sure, validation is not a silver bullet. However, lots of startups make it or break due to luck and no-one(yet) can't eliminate randomness in a stochastic(debatable) system like technology entrepreneurship ecosystem. Validation helps to decrease the chance of failing, though. The famous quote by George Box reads "Remember that all models are wrong; the practical question is how wrong do they have to be to not be useful."
Also validation is not listening to what people tell, it's also observing actions of users when they interact with the MVP.
Re: How To Validate Your Business Idea By Testing A Hypothesis
#7While I do see the value of validation, this is not a silver bullet. People try to simplify things, find patterns, but this cannot always work. There are so many reasons why I would not want to validate things: - Sometimes, people will not tell you what they want, because often they do not know what they want, until you show it to them. Someone smarter than me said this before. - People judge from their experience. Y…
You are also right! I think if you've build several products before it's more easy to choose the right path building great products. But I do also see a lot of people just building something behind closed doors without thinking about the problem they really want to solve. Of course, justyo.co for example... I don't think there was a huge need in sending YO's :D
Yes, when you've built several products, you definitely start to see things that work and things that do not work and you gain experience. Again, I am not against validation, it just should be used moderately and not exclusively as a key indicator if you should build something or not. Products like justyo.co popup once in a while and due to some pretty random events at some point they become a hype. I tend to think the creators are having a lot of fun as well, without really thinking for monetization that much.
Re: How To Validate Your Business Idea By Testing A Hypothesis
#8While I do see the value of validation, this is not a silver bullet. People try to simplify things, find patterns, but this cannot always work. There are so many reasons why I would not want to validate things: - Sometimes, people will not tell you what they want, because often they do not know what they want, until you show it to them. Someone smarter than me said this before. - People judge from their experience. Y…
>"There are no rules for good photographs, there are just good photographs".
There are also lots and lots (and more lots) of bad photographs. There might not be specific rules for taking really stand-out pictures, but there sure are good rules for what not to do.
Re: How To Validate Your Business Idea By Testing A Hypothesis
#9While I do see the value of validation, this is not a silver bullet. People try to simplify things, find patterns, but this cannot always work. There are so many reasons why I would not want to validate things: - Sometimes, people will not tell you what they want, because often they do not know what they want, until you show it to them. Someone smarter than me said this before. - People judge from their experience. Y…
"There are no rules for good photographs, there are just good photographs". I disagree with this and think that it is a self-defeating, irrational attitude. Sure, validation is not a silver bullet. However, lots of startups make it or break due to luck and no-one(yet) can't eliminate randomness in a stochastic(debatable) system like technology entrepreneurship ecosystem. Validation helps to decrease the chance of fai…
It's funny that I mentioned randomness in my second comment as well :)
I tend to agree with you to some extent, even about the quote for the comment. But, startups as an example fails to me, because as we all know, most of the startups fail anyway.
p.s. there are rules for good photographs but following the rules can only put you on bar with other people. Learns the rules so that you can break them. Learn to validate so that you know when NOT to validate.
Re: How To Validate Your Business Idea By Testing A Hypothesis
#10I usually skip the start-up advice posts on HN but this was worth reading for the first point along "focus on the problem not the solution". Good advice for hackers as well as entrepreneurs.