(http://idcee.org/thumbs/480x360/storage/2014/advisory_board/fabrice_grinda.jpg)
Selection Criteria of Fabrice Grinda1. At least a $1 billion addressable marketThis criteria is inherently personal and depends on the entrepreneur's ambition, but there are good reasons to target larger markets:
- It's easier to obtain funding
- Many Internet businesses have a certain amount of fixed costs but limited variable costs, therefore the larger the business, the higher the net margin
- I find it more interesting to build larger companies
2. A valid business model understood from the get-go
3. Does not require more than $2 million in seed or $15 million in first round VC money
4. A business where you have a real shot at being one of the top players – at least in the region you are targeting
5. A scalable idea
6. A business with little or no risk of disintermediation and/or margin compression by suppliers and/or customers
7. A business that is in a rapidly growing market
8. An idea that I know how to execute on or can learn how to execute on
9. An idea that I like and want to do! :) :) :)