Have you answered the three big questions of validating an idea?
1. Who is the target market?
2. What problem does this solve?
3. How will you make money?
Thanks fearless. The short answer is: absolutely. These are the questions that drove us to this product, and we feel very passionate about our answers, but it's helpful to see idea validation articulated in such a clear, concise way.
Yeah- I mean it would be easier for the community to give feedback if we knew your answers as to who the target audience was. i.e if your business model was to be a gambling site like Intrade, I would be very interested in participating and trading. If it's more just for fun/timewaster, I wouldn't be in your target market and couldn't give good feedback.
Makes sense: our business model is not gambling. We want to offer:
- Users a way to show their support (at first, with virtual dollars, but pending JOBS Act implementation, with real investment) for the businesses, products, and causes they care about;
- Businesses, products, and causes a way to find, track, and engage their supporters and eventually turn them into investors.