01 / Strong Team
Strong Team
Surrounds itself with the best and the brightest of ambitious, dedicated and passionate people; the best give the expertise and experience needed, the brightest will always find innovative solutions and the ambition & passion will give the courage required to pick yourself up when you fail.
02 / Risk Preparedness
Risk Preparedness
Understands that it will, barring incredible luck, likely fail catastrophically at some point and is always planning for this.
03 / Resilience
Resilience
Has the patience, courage, conviction, and irrational faith to persevere even when there are better alternatives in the market and when the going gets tough.
04 / Market Problem Recognition
Market Problem Recognition
Recognizes a significant and genuine market pain. Provides a cost-effective and adoptable solution to an undiscovered need or problem that exists and is better than any present, emerging or conceivable alternatives.
05 / Marketing & Monetization
Marketing & Monetization
Knows how to successfully market and monetize their solution. Validates their market pain and monetization plan by lining up potential customers for their solution early on.
06 / Execution
Execution
Executes, executes, and executes. Makes sure to do the right things and to do things right. Thomas Edison is known to have said “Genius is 1% inspiration and 99% perspiration.” He is also known to have said “There is no substitute for hard work.”