In the first stages of consumer research and observation, what is your rule of thumb for when to commit to a MVP and a solution?

After you’ve had enough problem interviews that indicate you have a problem worth solving. This usually requires a solid understanding of the top 1-3 problems you are attempting to solve, along with the customers' pain level, and list of existing alternatives.

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My online startup is in the first stages of product development. I will need a user terms and agreement document for when the app goes lives, but my budget is tight. How ...

Answered by David Ullmann – Partner at Minden Gross LLP.

2. There is a constant conflict in all start-up clients between the desire to have great documents and the desire to spend no money for them. Unfortunately, in law as in e... (more)

What is your opinion on hiring Graduate students in the early stages of a startup?

Answered by Anita Campbell – Founder of SmallBizTrends.

As long as you have a clear idea of exactly what tasks you expect to be done in your startup, then hiring Graduate students is a great way to get smart affordable help. Gi... (more)

What's the minimal amount of money we'll need to spend in marketing our business in the first 6 months and where should we concentrate our efforts?

Answered by Joe Stump – Founder of SimpleGeo.

I wouldn't spend any money marketing your business in the first 6 months. All of that money should be directly focused on iterating your butt off. (more)

When creating a startup, what is the best way to attract as many eyeballs in the first month to your website as possible?

Answered by John Philip Green – Founder of Savvica.

Companies like Mint.com attracted a lot of eyeballs in the first month post launch, by having a strong 'pre-launch' campaign where they signed up people to their newsletter... (more)

We have a problem facing our chosen industry, and it is currently being fixed in one way - rather badly mind you. We have a number of potentially better solutions that we a...

Answered by Tony Conrad – Founder of about.me, partner at True Ventures.

Interview and talk to customers first (DONT BUILD ANYTHING) You'll learn more from your customers and let them guide you in the direction of what to build. Check out the ... (more)

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