Question 1

What is product market fit?

Accepted Answer

This is a key part of our AI analysis. We ask who your customer is and what problem your idea solves. Many people forget to think through this when they come up with a business idea. You need to make sure that your solution (idea) solves a painful problem that the customer is having. So, create a profile of your ideal customer and ask them what problems they encounter daily -- does your solution solve any of these problems? If not, iterate the idea to make sure it solves a real problem.

Question 2

How do I know if I have a good business idea?

Accepted Answer

A good startup idea: 1. Solves a painful problem 2. For a clearly defined customer 3. That you can easily reach. Most of us come up with ideas without a clear customer in mind. Solve problems for customers that you know well, because you'll be talking with them... a lot! Continually talk to your target customer to unearth issues they are having that you can solve. If your idea solves a pain point that they are willing to pay for then you have a great idea!

Question 3

How do I validate my business or startup idea with no money?

Accepted Answer

One easy way is to search social media groups, like Reddit and Facebook Groups, and see what your target audience is complaining about. If there are no real problems that you can see, engage with this audience and tell them what you are working on. Ask them if this is something they might pay for. If not, find out why. If so, start collecting email addresses and tell these future customers you'll contact them once your product is built. The besy way to move your startup idea forward and spend $0 is to inject yourself into conversations on social media and explore problems and solutions.

Question 4

How can AI help validate my startup idea?

Accepted Answer

Our AI ensures you have a direct product-market fit. We do this by analyzing who the competition is, what their value propositions are and how you can create something unique to stand out. Then we help figure out who the ideal customer is and why current products fail to meet their needs. Futher validation comes by contacting your ideal target customer and talking about your proposed solution and iterating based on feedback.

Question 5

Is the AI chat confidential?

Accepted Answer

Yes! We do not review the chat logs unless there is an error. We do not review the startup ideas presented nor do we act on them. Our sole goal is to help you move your idea forward, and Val is perfect for that. Rest assured we have no interest in your startup ideas.

Question 6

What is a good startup score?

Accepted Answer

We're finding that anything over a 70 has a great product-market fit, with a well-defined customer need. If you score an 80 or higher, then you have a very unique startup idea, quite innovative, in fact. Don't be discouraged by your score. Our AI tool is an educational resource, designed to help you see the big picture so you can move forward. Take the AI validator advice on how to improve your score, apply it, and you'll be off and running making progress!

Question 7

What should I do before building a startup?

Accepted Answer

We always recommend to look for problems in a market that you understand greatly and where you can easily reach the customers. Why? Because successful startups have a certain unfair advantage... it could be access to capital, industry knowlege and connections or a great distribution plan. Also, you'll be talking with your ideal customer, a lot, so be sure you can reach them often. You need to have a repetitive process where you can talk to prospective customers, get their feedback and iterate your startup idea based on that feedback. Again, try to find ideas in a market that you greatly understand. Try our AI Startup Idea Generator Tool to find 10 amazing ideas today. Our idea generator takes this information you just read above and helps you locate great ideas.

Question 8

Who is behind this?

Accepted Answer

I’m Aron Meystedt, based in Southern California. I am a startup founder, advisor and investor. I am an LP (limited partner) in several venture capital and angel groups, one being Tech Coast Angels in Orange County, CA. I frequently talk to college students about startups and business. Fun fact: I own the very first domain name ever registered on the Internet: Symbolics.com (March 15, 1985 registration date). You can read a bit more about me here: Napkin.com. Our small team is distributed across the USA, Europe and Asia.

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