Idea Validation in Co-Creating SaaS Startups

Idea validation helps you launch and grow your startup ideas. While idea validation may not guarantee the product acceptance, it leads to a solid understanding of the business problem, users who cares about the problem and major assumptions. Thanks to open-source technologies and online tools, the cost of launching a technology startup declined from $5 million in the year 2000 to less than $5,000 today. Today, funding is no longer a prerequisite for launching and growing your startup ideas.

If you are in the process of ideating or validating your ideas, Product10x can help you.

• Define the problem space – who, what
• Interview users and define why they care about this problem
• Understand one or several possibilities to monetize when the problem is solved
• Understand the current market and companies solving that problem
• Build the wire frames and see how user can complete a single task (pain point)
• Validate with potential users (10-15 minimum); learn; and iterate

 LinkedIn co-founder Reid Hoffman once said,the only way to scale is to do things that don’t scale. 

Idea validation helps you launch and grow your startup ideas, successfully validating your ideas in the market place. With it you can define your problem space, interview your users, and understand the current market and the companies working to solve that problem.

About the Author: Suresh Madhuvarsu is a serial entrepreneur and investor. He is the Managing Partner of Product10x Accelerator, a SaaS accelerator that helps founders build and launch successful startups. He is also the Co-Founder and CEO of Salestable, a purpose-built sales readiness platform for SMBs.

Suresh has over 20 years of experience in the technology/SaaS industry. He is a 4x founder with 2 exits. He is also an active angel investor and mentor to early-stage startups. Suresh is passionate about helping entrepreneurs build successful businesses. He believes that technology can be used to solve real-world problems and improve people's lives.

About Product10x: Product10x is a SaaS accelerator that helps founders build and launch successful startups. The accelerator is run by experienced operating partners who have "been there and done that." Product10x provides founders with mentorship, advisory, and access to a network of investors and partners. The accelerator focuses on Product Led Growth (PLG), Sales readiness, and Fundraise readiness, helping founders all the way from product to go-to-market.