Startup Funding Espresso – Thought Experiments for Startups

Thought Experiments for Startups Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. A thought experiment is a hypothesis laid out for thinking through its consequences. Many great thinkers have used this technique to solve problems. Galileo used it to prove his idea that mass does not influence acceleration when he dropped both a heavy and light ball from the Tower of Pisa to demonstrate that both objects landed at the same time. Startups can use thought experiments to test their startup hypothesis. Here are some example experiments: If an investor gave you $1M today how would you deploy it? If you don't know exactly what you would do with the funding, then you are not ready for it. If you were an investor looking at your company what would you want to know? Review your pitch deck to see if it includes all the points that come to mind. If you can imagine why an investor would pass on your deal, then what risks do you see in the deal? Determine how you can mitigate those risks and show the company will succeed. If you asked two or three competitors what they think about your business, what would they say? Consider fixing those issues in your business. By using thought experiments the founder can test their startup's main hypothesis and each aspect of the business. Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let's go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: http://investorconnect.org Check out our other podcasts here: https://investorconnect.org/ For Investors check out: https://tencapital.group/investor-landing/ For Startups check out: https://tencapital.group/company-landing/ For eGuides check out: https://tencapital.group/education/ For upcoming Events, check out https://tencapital.group/events/ For Feedback please contact [email protected] Please follow, share, and leave a review. Music courtesy of Bensound.