Transforming Ideas into Winning Companies: The Vital Involvement of Venture Leads in the Validation Stage 🌱
As a Venture Builder, we believe that heavily involving our Venture Leads in the validation stage of the startup is crucial for success.
At Duodeka, there are two ways to enter our Venture Builder: through an external founder who has a validated startup, or by matching an external founder to an in-house pre-validated startup idea.
In both cases, the founder or venture lead is responsible for the validation process.
Validation is a crucial process that encompasses various aspects. It begins by validating the underlying problem, followed by the validation of the product’s capability to offer a solution to the identified issue. Finally, the business strategy needs to be validated to ensure that it is the right approach to achieve growth.
Why do we want our founders to be fully responsible for the different aspects of the validation stage?
Firstly, during the validation stage, founders have the opportunity to continuously talk with potential customers. These conversations offer invaluable insights that stay important throughout the entire lifetime of a company.
Secondly, validating the business strategy is just as important as validating the product, and it’s essential that the founder fully supports the strategy.
Thirdly, the pre-validation phase is a critical time for getting to know the market and identifying opportunities.
Finally, the validation stage is where a founder can fall in love with their idea. At Duodeka, we believe that passion and commitment are crucial to a startup’s success.
We are committed to building successful companies and believe that involving Venture Leads in the early stage is a key component of that success.