Startup Funding Espresso -- Startup Mental Model
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Founders need to bring startup mental models to bear on their business. Here\u2019s a list of key mental models to know: Least worst option -- use this model when all options are not ideal. Jobs to be done -- use this model to discover how your product fits into the customer\u2019s workflow. Minimum viable product -- understanding the bare essential features a customer will pay for. Product-market fit -- shows your product meets a set of customer requirements in a market.\xa0 Network effects -- the value of the network grows exponentially with the number of participants, so your product value grows with the size of the network. Economies of scale -- costs decrease as the quantity of units increases by spreading the cost over more customers. Disruptive innovation -- an innovation that displaces competitors and redefines the industry. North star -- the one metric that guides decision-making and drives actions by the team. These are key mental models startup founders need to know. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. ___________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0 For Feedback please contact info@tencapital.group Music courtesy of