Summary of How to Get and Evaluate Startup Ideas | Startup School

00:00:00 - 00:30:00

In this video, the presenter provides advice on how to get and evaluate startup ideas. He suggests that founders should look for industries that seem broken and for companies that have been successful recently. He also advises against getting caught up in ideas that are not achievable.

• 00:00:00 The speaker discusses the common mistakes startup founders make, focusing on mistakes involving solutions in search of problems and getting stuck on tar pit ideas. He provides concrete examples of these mistakes, including the example of a college student idea to create an app to make it easier to coordinate social events. The speaker warns that these ideas are often not achievable, and advises against getting caught up in them.
• 00:05:00 If you want to work on a startup idea, Google is a great resource. The first step is to figure out if the idea has founder market fit, and if so, how big the market is. Next, you need to evaluate the problem and see if you have competition. Finally, you need to consider if you want to work on the idea personally or if you want to pursue it for the right team.
• 00:10:00 In this video, Startup School instructor Dalton talks about how to get and evaluate startup ideas. He explains that ideas can be judged on their potential to solve a problem, their ability to be scalable, and their potential for founder market fit. He also notes that good idea spaces tend to have high hit rates for new startup ideas.
• 00:15:00 The video explains how to get and evaluate startup ideas, with an emphasis on ideas that are in a boring space and ideas that have existing competitors. Paul Graham's article "Schlep blindness" is recommended reading. The second example is ideas that are in a boring space and have potential but were overlooked due to the barrier of entry. The third example is Founders incorrectly shy away from ideas that have competitors, which is a common mistake. The best way to get startup ideas is to notice them organically and then analyze them for potential.
• 00:20:00 The video discusses how to get and evaluate startup ideas, focusing on three ways to do so: becoming an expert in something valuable, thinking of ideas that take advantage of your expertise, and starting with a problem you're personally familiar with. Vetco is a great example of a startup that was created through this approach.
• 00:25:00 The video provides advice on how to get and evaluate startup ideas. Founders should go through every job they have ever had, plus all their internships, to find ideas. They should also think about problems they have seen others solve and opportunities that they have been in a unique position to see. Finally, they should look for things that have changed recently and for companies that have been successful recently.
• 00:30:00 The presenter discusses how to get and evaluate startup ideas. He points out that one way to evaluate an idea is to look for industries that seem broken, and to find a co-founder who already has an idea.