darwinrlo
commented
4 years ago Considerations
- How passionate are you about this idea? That is, what is the degree of founder-market fit?
- How well-developed is your intuition? To what extent are you scratching your own itch?
- Do you have a way to access users who would love your product?
- Is there a big market? Are there existing players who are succeeding in the space? How formidable are they?
- How right is the timing for you idea?
- Can make the experience 10x better by building 10x better tech?
- Is there a network effect?
Keep your ideas in a list. For each idea, keep a collection of reasons for and against each one. Categorize each reason as strong or moderate -- don't bother to keep track of weak reasons, whether for or against.
As you run across new information or think of new considerations, add them to the list (which is really a tree) and re-rank your ideas. The ranking of your ideas will be very dynamic -- they will go up and down. And hopefully, the ideas themselves will evolve. Workflowy could be a viable UI: It provides the ability to re-order, restructure, and collapse/expand bullet points.
Ultimately, go with your gut. But the gut feeling you should go with is the gut feeling you get when this list is fairly well-developed and the entirety of it is loaded into your working memory.