Yeah, I can imagine there being interesting startup evaluation exercises like that. Partially, though, I feel it begs the question. How do you know the heuristics are any good? (For one thing, Peter Thiel again thinks 4 is a bad one (Lecture 5 here).) I expect venture capital to a fair amount of anti-inductive properties.
I strongly recommend attempting it at least as an experiment.
Roger that! Experiments are great.
Also, it should be noted that even though the “official” babble challenges have some momentum now, I’d be really excited for other people posting challenges of their own :)
The heuristics are pretty good within their scope, which I believe because I watched them work. That being said, the scope was limited—the explicit target of the project was something in mode of “As Seen On TV” and it had to get to a working prototype in two semesters, so the goal for heuristic 4 simultaneously became make sure no one else is doing this thing and people doing something similar is evidence of the market and investor interest. The best ones (in my opinion) were those which chose a different method for tackling a known-but-not-solved problem.
That being said, I did still sit through ENTIRELY too many coffee and/or headphone ideas. As a consequence of this experience I have concluded that solve a problem you have is pretty terrible advice when you are university student.
Yeah, I can imagine there being interesting startup evaluation exercises like that. Partially, though, I feel it begs the question. How do you know the heuristics are any good? (For one thing, Peter Thiel again thinks 4 is a bad one (Lecture 5 here).) I expect venture capital to a fair amount of anti-inductive properties.
Roger that! Experiments are great.
Also, it should be noted that even though the “official” babble challenges have some momentum now, I’d be really excited for other people posting challenges of their own :)
The heuristics are pretty good within their scope, which I believe because I watched them work. That being said, the scope was limited—the explicit target of the project was something in mode of “As Seen On TV” and it had to get to a working prototype in two semesters, so the goal for heuristic 4 simultaneously became make sure no one else is doing this thing and people doing something similar is evidence of the market and investor interest. The best ones (in my opinion) were those which chose a different method for tackling a known-but-not-solved problem.
That being said, I did still sit through ENTIRELY too many coffee and/or headphone ideas. As a consequence of this experience I have concluded that solve a problem you have is pretty terrible advice when you are university student.