1. IDEAS
- Something you're passionate about
- Doesn't have to be original
- Look for proven model in another market
- Challenging enough to solve
- Big enough market to serve
2. TEAM
- Hangout with best people & work with them
- Form a team with super combo:
- Founder A : Can biz + finance
- Founder B : Can do coding
- Founder C : Can do marketing + design
- Super adviser
3. PRODUCT
- Build quick mockup as cheap as possible but enough to show that your team have good understanding of the product & how to tackle the problem.
- Excellent UI/UX
- Back-end system allow enough analytic
- Technology that can scale
4. Traction
- User vs Customers (cost to get customers)
- Partnerships / listings / deals
5. REVENUE + PROFIT
- Cost to get a sales
- Margine
- Expansion & scale