Startup Checklist Tool

The purpose of the startup needs to make for a good story

The founders are believable proponents of the story

The idea needs to solve a problem that customers stated

Idea focuses on business customers instead of end consumers or is prepared for B2C

Founders cover all needed skills to get MVP off the ground and also begin scaling

At least one founder comes from the industry that the startup works in and optimally experiences the problem and has a network of people that experience the problem

At least one founder needs to have the knowledge of a venture builder and bring things to the table like pitching, funding, and other startup basics

At least one founder needs to be an extrovert that is passionate to talk about everything to everyone

The market in which the startup operates grows or you have a good plan for disrupting a saturated market or you know how to turn around a declining market

The regulation in the market favors the startup in the long-run

Solution gets its value from a distinct core feature and not from many nice-to-have features

Ability to monetize the product on at least one side

Barries exists that keeps others from easily copying the product

Clear distrinction from all competitiors

Solution needs to fit into a big vision

Profitable unit ecomonics of the product at some point in the future

Exact plan of at which scale the product becomes profitable and a plan of how to fund the runway of the startup and the team expenses until then

Day to day operations need to be scalable and the additional revenue that comes from scaling needs to outweight the additional costs from scaling