Validation
You Don't Have a Business Idea. You Have an Assumption.
You have been thinking about this idea for weeks. Maybe months. You have told a few friends. They said it sounds great. You have a name picked out, maybe even a domain.
But here is the uncomfortable truth: you do not have a validated business idea. You have an assumption dressed up as conviction. And the gap between those two things is where most founders lose their savings.
The confidence trap
Every founder thinks their idea is the exception. CB Insights analysis of 101 failed startups found that 42% failed because there was no market need. Not because the product was bad. Not because they ran out of money first. Because nobody wanted what they built.