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- Learning from others mistakes
Learning from others mistakes
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Welcome to Startup Strategist by stratup.ai. It's Tuesday, and we hope you enjoy today's edition.
News: (1) VCs reliant on gov money (2) biggest funding rounds
Startup info: learning from others mistakes
Resources: pivot list, iterative-hypothesis customer development
StratupAI Idea: Cloud-Based Appointment Scheduling Software for Healthcare Providers
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News
European VCs increasingly reliant on government money in 2023 (SiftedEU)
SiftedEU says, “According to a new report by Invest Europe, government agencies contributed 37% (€4.2bn) of the €11.2bn of funds with known LPs raised by VCs across 2023, up from 16% (€2.8bn) the previous year.”
This seems to be a broader trend as well, as in an interview Brad Jacobs says after attending a business conference he found it remarkable how many of the presenters were talking about the significant amounts of government funding they were receiving/to receive.
Last weeks biggest funding rounds (Crunchbase)
The top three are in the cybersecurity and biotech industry respectively.
Learning from others mistakes
“You can see the results of not learning from others’ mistakes by simply looking about you. How little originality there is in the common disasters of mankind:…business failures through repetition of obvious mistakes made by predecessors…and so on.”
Some points from, “The 18 Mistakes that Kill Startups”
1. Single Founder, 2. Bad location, 10. Having no specific user in mind.
Some common biases (source here and here): Overconfidence, law of small numbers (incorrectly extrapolating based on small sample size), availability bias (“Make judgments about the probability of events based on how easy it is to think of examples.¹”).
I am reminded of two ideas. First, consider base rates (Kahneman), and two, if one decides to create a type of business that has failed before (tarpit idea), you have to be able to describe why past cases failed and what you are doing differently (Graham).
1. May relate to cherry picking.
2 Resources
“One common pain point in healthcare facilities is the manual and time-consuming process of appointment scheduling for patients, leading to inefficiencies and potential scheduling conflicts. A promising startup idea in the healthcare technology industry with a B2B business model could be a cloud-based appointment scheduling software designed for healthcare providers. This software could offer features such as real-time availability updates, automated appointment reminders, patient self-scheduling capabilities, integration with electronic health records systems, and analytics tools for optimizing scheduling workflows. By implementing this solution, healthcare facilities can streamline their appointment booking processes, reduce no-show rates, and improve overall patient experience.”
Disclaimer: The startup ideas shared in this forum are offered for general informational and educational purposes, and are non-rigorously curated via the Stratup.ai idea generator. Individuals utilizing these concepts are encouraged to exercise independent judgment and undertake due diligence per legal and regulatory requirements.
That’s all for today, thanks for reading. See you on Friday.
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Slidebean is a sponsor of this edition of Startup Strategist. The startup ideas, strategies, and suggestions shared are provided for general discussion and informational purposes only. Any individual or entity considering implementing these concepts should exercise independent judgment and conduct thorough due diligence in accordance with legal, regulatory, and industry-specific requirements. Startup Strategist does not guarantee the accuracy, completeness, or suitability of any information shared. It is recommended to consult with legal, financial, and other relevant professionals before proceeding with any business ventures or decisions.