WhoBuilt

How to Get and Test Startup Ideas

Apr 4, 2019· 6 min· 367K views·Watch on YouTube

Speaker

Michael Seibel, co-founder of Justin.tv (later Twitch), explains how to find and test startup ideas in a Y Combinator talk.

Start with problems

Seibel recommends recording problems people encounter instead of collecting startup ideas. Look for problems you know through your own life, work, family, friends, or community. A personal connection can help you judge potential solutions and stay motivated when early attempts fail.

Find your perspective

For a problem worth pursuing, ask what you understand about it that others may not. Seibel means a useful perspective or experience, not necessarily a long résumé. Reviewing previous attempts and existing products can help you compare their insights with your own.

Treat the MVP as a learning step

The minimum viable product is the first solution released to users to learn whether the problem can be solved. Seibel cautions that it may solve the problem poorly, so founders should stay committed to the customer and problem while letting the product change. He says an MVP can often be built and released in days or weeks.

Choose initial users carefully

Seibel advises hand-picking early users who are willing to try a startup product and for whom the problem matters. The goal is to learn whether the product solves the problem for a particular customer group, not to maximize the number of users. He also notes that Justin.tv began as an online reality TV show before becoming Twitch, a live video site for gaming and chat.

Takeaways

  • Keep a record of problems people actually experience, rather than just startup ideas.
  • Look for a problem where your experience gives you a perspective others may lack.
  • Release a rough MVP quickly so users can teach you what needs to change.
  • Choose early users who feel the problem strongly and are willing to try an unfinished product.
  • Measure early progress by whether the product helps a specific group, not by total sign-ups.

Mentioned in this talk

Search inside this talk

What was claimed 3

Related talks