Codetree.com: A framework for vetting business ideas
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IdeaSolves a hair on fire problem / Must-have / Core to business?
Clear ROI (direct savings or revenue growth)
Market size > 30M
Distribution - easily segment and reach customers
High LTV
Could imagine yourself doing this for 10 years and enjoying it?
Is the nature of the work required generally enjoyable?
Is business operationally simple?
Software errors aren't catastrophic
Gut check - does this feel right?
Growing Market?
Self-service signup?
Recurring revenue
Distribution - scalable, direct channel that doesn't involve hand-selling
Straight Software
ARPU > $300/m
Selling into Departments @ Larger companies
Decision maker doesn't need approval to buy
SaaS
No Critical partners or regulation
MVP Bootstrappable in < 3months
Are we good at it?
Are we Interested in the problem?
Do you feel good about solving the problem?
Do we like the customer and would we enjoy helping them?
Good fit for our skills and temperaments?
Notes
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Notes
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View or Copy this spreadsheet to use it and adjust your criteria.
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Green cells = must-have criteria for the Codetree team. Change as you like
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Read the original article here: A framework for picking and funding your business idea
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