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AI Creation For Idea�Creation & Feasibility

Jerome (Jerry) Katz�jerome.katz@slu.edu

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Our Model

Brainstorm

IDEO

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Feasibility

Plan

Fig 4.2

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Our Model

Brainstorm

IDEO

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Feasibility

Plan

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Brainstorming in 2023

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Brainstorming Today

Free bots for those registering with .EDU emails!

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Even Better: Add Yourself & Audience

Switching to

Red Jett Sweets (Ch8 Business Plan)

https://founderpal.ai/business-ideas-generator

Founderpal.ai

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Even Better: Add Yourself & Audience

Switching to

Red Jett Sweets (Ch8 Business Plan)

https://founderpal.ai/business-ideas-generator

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Alternative Models

  • Logicballs.com – asks for your skills and interests and generates ideas; gives strategy results for free
  • Ideamap.ai – is you’re a visual thinker, this mind-mapping tool gives super-detailed deep-dives into what is involved in bringing an idea to life.

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Ideamap.ai: cupcake truck in Fort Worth

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Ideamap.ai: cupcake truck in Fort Worth�(detail)

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AI Feasibility Screeners

Recommended:

  • Business Feasibility Evaluation GPT
  • Ideaproof.io

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Others:

  • VenturusAI.com (for strategy)
  • New Business Idea Generator GPT

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AI Feasibility Prompt

  • Red Jett Sweets would be a cupcake food truck in Fort Worth TX. It has several unique flavors. The two women founders have experience in the restaurant industry and small business operations. They have tested their market and product in summer time soft launches doing cupcakes for events and have had positive feedback from dozens of customers. The plan would be to launch the business in summer 2026.

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Business Feasibility Evaluation GPT

It works in English!

https://bit.ly/BFE-GPT

Don’t Worry.

It works in English!

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Business Feasibility Evaluation GPT

It works in English!

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Business Feasibility Evaluation GPT

  • Pros: A pretty reasonable, but short, validation.
    • Business summary (includes costs and revenues),
    • Key factors assessments (on 5-point scales).
    • Explicitly mentions ethics.
    • Free for all runs.
  • Cons:
    • No sources or details on derivations given.
    • Doesn’t name anyone or any companies.
    • Does little “blue sky” thinking.

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Feasibility Checks

  • Skill Module 4.2 – The IDEO Screen

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12 Factors

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BFE vs. Skill Module 4.2 IDEO�Model

BUS. FEAS. EVAL. FACTORS

SM 4.2 IDEO FACTORS

1. Regulations & Legal Compliance

10. Risks

2. Market Problem & Need

2. Desire

3. Value Proposition & Differentiation

8. Value

4. Demographics & Market Demand

1. Frequency

3. Sales

5. Competition & Substitutes

7. Distinctive Competence

6. Infrastructure & Key Resources

6. Deployment

7. Financial Viability

12. Profits

8. Team & Management

9. Team

9. Business Sustainability

10. Growth Strategy

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4. Customer Tests

5. Product

11. Passion

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Ideaproof.io

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Ideaproof.io

  • Pros: Very complete validation.
    • Quantitative, e.g. scorecards, market & execution factors, TAM/SAM/SOM, financial summaries, unit economics, revenue projections.
    • Free for basic runs.
  • Cons:
    • No sources or details on derivations given.
    • Limited (70) credits for advanced runs or multiple ideas to do basic validation on. (20 credits per idea)

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Summary: Brainstorming

  • Lots of good free brainstorming AIs
  • Match site models to how students think
    • FounderPal: Audience and Interests
    • Logicballs: Skills and Interests
    • NoteGPT: Product

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  • Given any starting point, there are ideas “out there”

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Summary: Validating

  • Some solid feasibility screeners out there
    • Many good ones are free (e.g. GPTs)
    • Some for-pay sites offer free basics
    • Almost all of these are weak on particulars (competitors, market specifics, sources, what financial estimates are based on)
    • So:
      • Ask students to find proof for what they claim
      • Ask students which factors they favor and why

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DIY: AI Prompt

Role: Critical Venture Auditor.  Task: Unbiased DVF (Desirability, Feasibility, Viability) evaluation of idea below.

Requirements: (1) Anti-Optimism: Prioritize market friction, execution risks, and failure modes. No "fluff.” (2) DVF Analysis:  (2a) Desirability: "Pain point" vs. "Nice-to-have" assessment. (2b): Feasibility: Technical/operational "Hardest Part.” (2c) Viability: Unit economics (CAC/LTV) and sustainability. (3) Evidence: Cite industry data, case studies, or academic frameworks for every claim. If unverifiable, state "Source not found.” (4) Pre-Mortem: List top 3 reasons for failure within 24 months. (5) Output: Markdown headers + "Critical Verdict" summary table. (6) Idea: [INSERT IDEA HERE]

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ESB8 Preview

  • Same structure with major updating
  • AI-centric skill modules
  • Using updated Red Jett Sweets ch4/8/12
  • More on family business, digital marketing, side gigs
  • If you have ideas or wishes, now is the time to let us know!

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If I can be of help…

  • Jerome.katz@slu.edu

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  • Reach out to me on LinkedIn.