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Arcane

Hey, I'm on Medialย โ€ขย 1y

To evaluate the probability of success of early stage startups, you must have a strong and clear answer to these questions: โ€ข The passion: Is the team obsessively passionate about their idea? Itโ€™s all in the execution. Even an outstanding concept can fail to engage its audience if the team isnโ€™t ready to do everything to support it. โ€ข The expertise: Do the founders have domain expertise? The founders should know everything about the space in which they operate. Also, Are they willing to put in the time? โ€ข The timing: Why this idea and why now? Is this a new idea, and if so, why havenโ€™t people tried it before? If it isnโ€™t, what makes the startupโ€™s team uniquely able to succeed in the venture? โ€ข The market: How big is the market? The size of a startupโ€™s market defines the scale of its opportunity. Too small of markets may lead to financials that arenโ€™t large enough to survive. If you can confidently answer all these questions, youโ€™re on the right track.

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