Create a Plan for your product - Startup - The YCombinator way
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Often we have ideas and thats what they remain forever. To achieve a goal, its important to define it. YCombinators application form gives an excellent templates for Startups to define themselves.
Even if you aren't considering applying, answer these to get some clarity around the idea.
Describe what your company does in 50 characters or less.
What is your company going to make? Please describe your product and what it does or will do.
Which category best applies to your company?
How far along are you?
How long have each of you been working on this? How much of that has been full-time? Please explain.
Are people using your product?
Do you have revenue?
If you are applying with the same idea as a previous batch, did anything change? If you applied with a different idea, why did you pivot and what did you learn from the last idea?
Why did you pick this idea to work on? Do you have domain expertise in this area? How do you know people need what you're making?
What's new about what you're making? What substitutes do people resort to because it doesn't exist yet (or they don't know about it)?
Who are your competitors, and who might become competitors? Who do you fear most?
What do you understand about your business that other companies in it just don't get?
How do or will you make money? How much could you make?
How will you get users? If your idea is the type that faces a chicken-and-egg problem in the sense that it won't be attractive to users till it has a lot of users (e.g. a marketplace, a dating site, an ad network), how will you overcome that?
If you had any other ideas you considered applying with, please list them. One may be something we've been waiting for. Often when we fund people it's to do something they list here and not in the main application.
Please tell us something surprising or amusing that one of you has discovered.
(The answer need not be related to your project.)
#Ycombinator #startups #productpitch
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