Sheppard Mullin  is a full service AmLaw 100 firm with more than 600 attorneys in 16 offices located in the United States, Europe and Asia. Founded in 1927 on the principle that the firm would succeed only if its attorneys delivered prompt, high quality and cost-effective legal services, Sheppard Mullin provides legal counsel to U.S. and international clients. Companies turn to Sheppard Mullin to handle a full range of corporate and technology matters, high stakes litigation and complex financial transactions. In the U.S., the firm's clients include more than half of the Fortune 100 companies.

 

   HOTB Software Solutions: HOTB is an experienced software development company that provides angel capital to    startup entrepreneurs with a viable technology based business. HOTB helps startups bridge the gap between their friends and family round and their venture capital round by subsidizing expensive technology needs.  HOTB specializes in building custom software platforms to provide certainty of execution, experience, credibility, security and compliance. 

 

 

 

 

 

 

 


Adeo Ressi’s 5 Steps to a Great Startup Idea

Posted by Adeo Ressi on 2015-11-09

The majority of Founders that apply and enroll in the Founder Institute do not have a polished business idea. The first 30-45 days of the program is dedicated to ideation, where Founders are pushed to refine and defend a set of ideas that they are passionate about.

In the following 17 minute video, Adeo Ressi, CEO of the Founder Institute presents a five step process to develop a great startup idea. The premise is that great ideas are raised rather than born.



The five steps are quickly outlined below:

  • Step 1 - The Seed: Find a passion or pain point as a seed for a bigger idea.
  • Step 2 - The Project:Launch a project where you start to collect information and ideas about the potent ial business.
  • Step 3 - Quiet Time: Take quiet time to reflect on your projects throughout the day.
  • Step 4 - Board of Friends: Develop a Board of Friends to give you honest feedback on the projects.
  • Step 5 - Expand: Identify your favorite project and try to expand the scope to make it larger and more meaningful.

The video includes other tips about when you know that your idea is right and how to contextualize your idea. Enjoy!

(Rear view of the brunette woman in formal clothes image by Shutterstock)

Adeo Ressi’s 5 Steps to a Great Startup Idea

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