CA Inter | CS Execut...Ā ā¢Ā 23d
āļøIs Your Startup Solving a Real Problem - or Just Building a Product? ā¼ļøAre You Building Features or Solving Frustrations? ā Startups Donāt Die Because They Lack Solutions --- They Die Because They Misunderstand the Problem!! Most startups donāt fail due to bad execution or weak technology. They fail because they build for the wrong problem. āØļø In the 3rd "Get Started" Session with Manik Gruver, the Spotlight was on the Problem statement --- The true foundation of any startup worth funding or scaling. Investors donāt just want to know what a startup is solving. They want to understand: āļøWhy it matters? āļøWho feels the pain? āļøHow often it occurs? āļøWhat happens if it's ignored? When the problem is misunderstood, everything built on top of it is at risk - the solution, the GTM, the roadmap, even the vision. ā ļø Startups arenāt built on features. Theyāre built on frustrations. And if the core friction isnāt named, validated, and deeply understood - traction becomes luck. š§ Startup Evaluation Lens: Problem First, Always ā³ļøThe session began with a practical case study: Quick Commerce. Many founders assumed the problem was "speed of delivery" But the actual user behaviour reflected a lack of planning __so on. As a result, solving a non-recurring, non-critical, and non-scalable problem led to poor retention, broken unit economics, and high burn This clarified the importance of diagnosing the root problem -- not just reacting to visible symptoms. ā Problem Evaluation Framework -- From the Session Hereās the structured lens used to assess whether a startup is solving a valuable, scalable problem: 1ļøā£ Consequence of Problem -- What happens if this problem isnāt solved? Is there loss of money, time, energy, or opportunity? 2ļøā£ Efficiency Increase -- Does solving this make something significantly faster, cheaper, or easier? 3ļøā£ Cost Reduction - Can it eliminate recurring costs or replace more expensive processes? 4ļøā£ Complexity - Is the current system messy or inefficient? High-friction environments = high opportunity. 5ļøā£ Frequency / Recurrence - Does this problem happen daily, weekly, or occasionally? High-frequency problems create sticky products. 6ļøā£ Scalability - Is this problem relevant across Tier 1, 2, and 3 cities or even globally? 7ļøā£ Mandatory Nature Is solving this problem a must-have or nice-to-have? Will the user pay, churn, or suffer if it goes unsolved? 8ļøā£ Growing Demand - Is the problem intensifying due to tech, market shifts, or macro changes? 9ļøā£ Urgency - Is there a ticking clock to solve this? Urgent problems convert faster and have higher retention. š Problem-Founder Fit Drives Resilience Teams that deeply understand the problem arenāt just chasing product-market fit. Theyāre building from problem-founder fit. This isnāt just about passion. Itās about an obsession with a root issue. When the founder is solving something theyāve lived, studied, or deeply validated. They donāt pivot at the first sign of friction. They push through, because they know the problem is real. š« Zoom Into the Problem - Not the Product The most common mistake early-stage teams make is obsessing over UI, features, and solution design before fully understanding the problem space. This session reframed that mindset. Building prematurely often leads to waste. Instead, the goal is to stay in the problem space long enough to de-risk the build process. -- āļø First Principles Thinking: Evaluating Problems. One mental model discussed in the session was Elon Muskās First Principles Thinking - Not just for engineering, but for startup thinking. Here's how it applies step by step: š Question every Assumption and Requirements - What if the core hypothesis is wrong? š Break the problem into fundamental truths - Whatās really broken in the current system? š Reconstruct from the ground up - What would the ideal solution look like if built today? šAutomate and optimise at the end - Donāt build tech until the friction is real and validated This approach helps eliminate fluff, reveal root issues, and ensure that whatās being built actually matters. š Final Reflection Early-stage teams donāt need more features. They need more clarity. š” Clarity about who theyāre solving for, why it matters, and how often the pain recurs. š„ Evaluating the problem isnāt just a discovery phase. Itās the first real test of a startup's future. āØļø When the problem is real, the market pulls the solution. When itās misunderstood, the startup pushes until it burns out. ā”ļø Start with the problem. Stay with the problem. Build only when the need is undeniable. š§© _________ My POV - Start Questioning Every Aspect of the Problem. :)
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The Institute of Chartered Accountants of IndiaĀ ā¢Ā 3m
How to calculate your Total Addressable Market (TAM)āļø Market Size: 9 out of 10 Startups are doing it wrong š It is not: āļø The total size of the problem āļø The TAM of your competitors āļø The size of the entire industry Example: Wrong Marke
See MoreFounder & CEO of Hyg...Ā ā¢Ā 5m
Most founders in EdTech focus on the wrong problem. They think tech will change education. It wonāt. Students donāt need another app. Teachers donāt need another dashboard. They need a system that works the way learning actually happens. At HyggeX
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