Risk Assessment and Prioritization for Startups
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Risk Assessment and Prioritization for Startups
1–10 of 11 posts
Re: Risk Assessment and Prioritization for Startups
#2These are too many risks to think about. I doubt many successful founders had them as "risks", maybe can be called as an "issue". Apart from product market fit, are others really big of a risk?
Re: Risk Assessment and Prioritization for Startups
#3Derisking business too early can be dangerous as well. Volatility unlocks opportunities.
A little bit of noise in the system is the secret sauce.
Re: Risk Assessment and Prioritization for Startups
#4These are too many risks to think about. I doubt many successful founders had them as "risks", maybe can be called as an "issue". Apart from product market fit, are others really big of a risk?
It will be pretty hard to pass on company with a real PMF, irrelevant of anything else.
I don't feel that 99% of what people call PMF really exists. I don't think of AI/Blockchain startups ever had PMF at Series A stage and none of the hardware/bio startups ever do.
Re: Risk Assessment and Prioritization for Startups
#5To add: Choosing which risks to tackle should definitely be weighted by difficulty, impact and available resources.
Also, this feels like it's forcing an external portfolio manager view on the internal operations of a startup. Nothing wrong with this - it's just odd to me.
Re: Risk Assessment and Prioritization for Startups
#6This blog post from the author of the linked presentation is better online presentation of their ideas:
Re: Risk Assessment and Prioritization for Startups
#7These are too many risks to think about. I doubt many successful founders had them as "risks", maybe can be called as an "issue". Apart from product market fit, are others really big of a risk?
I work in risk management. What you do is time box for risk assessment where you come up in an hour or so with all kind of risks. Then you tackle things that have high chance of showing up or things that have high impact. Ideally things that have high chance and high impact are priorities.
Re: Risk Assessment and Prioritization for Startups
#8Derisking business too early can be dangerous as well. Volatility unlocks opportunities. A little bit of noise in the system is the secret sauce.
Closely related I think are intuition and creativity. You can't always with your conscious mind put words on what you actually know.
Re: Risk Assessment and Prioritization for Startups
#9These are too many risks to think about. I doubt many successful founders had them as "risks", maybe can be called as an "issue". Apart from product market fit, are others really big of a risk?
There are different ways to say similar things so your lexicon really depends on where you've spent your time over the last 5 - 10 years. Product Market Fit (PMF), high leverage activities, and risk assessments all overlap in my mind, it really just depends on the book/blog you read.
PMF is really just a way to say "I de-risked these key areas", right? I think it does the best to encapsulate the idea of getting important things right but it's not the whole puzzle.
After PMF popularized, we had tons of people talking about Product/Channel Fit and Message/Market Fit, etc., since you need acquisition channels to work to fulfill demand and solid messaging to drive demand to begin with. Being lazy with channels is a big risk, IMO as a marketer. It's especially risky for bootstrapped startups to waste time on the wrong channels.
Re: Risk Assessment and Prioritization for Startups
#10To add: Choosing which risks to tackle should definitely be weighted by difficulty, impact and available resources. Also, this feels like it's forcing an external portfolio manager view on the internal operations of a startup. Nothing wrong with this - it's just odd to me.
My interpretation of the presented material that no, difficulty doesn't matter, "available resources" too, "impact" - well, the impact you should strive to is exactly the reduction of the most critical risks.
Using the example from the linked material: surely if you can't swim, learning may be quite difficult.