Section 1 of 5
Problem Validation
A fundable idea solves a real, frequent problem that people are already spending money on.
1.Can you clearly explain the problem your idea solves in one sentence?
2.Do you know exactly who experiences this problem (age, location, income group)?
3.Does this problem occur regularly — not just once or twice a year?
4.Is there a measurable cost or loss if this problem is not solved?
5.Are people already paying for some kind of solution (even an imperfect one)?
Please answer all questions in this section before continuing.