First Round Review - 12 frameworks for finding startup ideas

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August 17, 2021
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This week, we've curated a collection of lessons and tactics for the ideation and problem-selection phase of company building. 

12 Frameworks for Finding Startup Ideas — Advice for Future Founders

Notepad with crumpled up papers

The scene is often romanticized in magazine profiles of successful founders: the keen observation jotted down in a notebook. The serendipitous conversation that clicks the puzzle pieces into place. The idea is where everything begins — at least, that’s what we’re led to believe.

What can appear like some divine revelation is actually the product of months or years of interviews with experts, endless pivots, and tons of “That’ll never work” conversations. From outlining the unique insight, to capturing how customers might respond and sizing the market you’re going after, there’s a long punch list of things to chase down. In other words, if you want to find the next great startup idea, you can’t wait for the proverbial lightbulb moment — you have to do your homework.

As we’ve long said, before a founder starts building their castle, they have to make sure they’ve picked the right piece of land. To help aspiring builders survey potential plots, we’ve gone back through our archives to surface the best advice from first-time entrepreneurs and repeat-founders. The 12 tactics they share here offer more concrete tips for reverse-engineering these fabled eureka moments.

Whether you’re in the wide-open ideation phase, or contemplating a hyper-specific direction, lean on this collection of tips for frameworks for brainstorming, questions to help pressure test concepts, and even advice on how to explore a new idea with a co-founder. 

As always, thanks for reading and sharing!

-The Review editors

Take me to The Review

Recommended resources:

This read on why it's time to re-onboard everyone.

This thread of FAQs for early-stage design hiring.

The story of how Domino’s Pizza reinvented itself.

This interview on how to run a product-led sales team.

Trending this week — Review Reads:

An Exact Breakdown of How One CEO Spent His First Two Years of Company-Building
Sam Corcos, co-founder & CEO of Levels, tracked exactly how he spent the two years since founding the company for a rare data-driven look at being a startup leader.
Build vs. Borrow— Advice From Thumbtack’s CEO
As Thumbtack CEO Marco Zappacosta tells it, sometimes your company is a special flower, and sometimes you should borrow from others. He shares his advice for how to tell the difference.
Interviewing? Here are 40 Questions to Ask That Go Deeper Than “What’s the Culture Like?"
Thought-provoking questions for candidates to ask during an interview to stand out from the crowd and gain in-depth knowledge about the company, the team, and the role.
The Power of Performance Reviews: Use This System to Become a Better Manager
Performance reviews are key to accelerating your report's career. Lenny Rachitsky shares the conversation template that he's used to build high-performing teams and motivate growth all year long.

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