Scorecards Explained

The scorecards I've made are based on this video. Every score is just my own opinion, which varies from pretty informed to not at all.

Problem

I took the attributes he describes for a great startup, then added my own "terrible", "bad", and "good" values. The checkmark is for what value I think applies to this idea. Metrics explained:

• Popular: How many people have this problem.
• Growing: Annual growth rate of the problem.
• Urgent: How soon this problem needs to be fixed.
• Expensive: The annual cost of this problem.
• Mandatory: How much this problem needs solving.
• Frequent: How often this problem occurs.

Insight

These are the insight metrics from the video. For each metric, I'm scoring what I think the likelihood that my solution will have each of these unfair advantages.

• Founders 1 in 10: Am I one of only 10 people in the world that can solve this problem?
• Market 20%/year: Is the market growing 20%/year?
• Product: Is the product 10x better than the competition?
• Acquisition: Can I get user acquisition cost down to $0?
• Monopoly: As the company grows, does it get stronger?

Likelihoods explained

• Won't have: This advantage is very unlikely/impossible to happen.
• Can have: This advantage could maybe occur.
• Have: I already have this advantage.