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9 Business Selection Criteria

Started by H. M. Nasim, November 06, 2018, 12:16:59 AM

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H. M. Nasim

Selection Criteria of Fabrice Grinda

1. At least a $1 billion addressable market
This 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!

:) :) :)