Many founders fail because they are blinded by their technology and solutions, falling into the 'innovator's bias' of justifying problems that customers do not want.
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Instead of trying to invent new, innovative problems that will change the world, you must identify 'what is broken' in the existing alternatives that customers are already using.
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When you pinpoint familiar and specific pain points instead of vague values that no one knows, customers finally listen and want to experience the product.
🥦 Insight
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Do not create 'fake problems' tailored to my solution.
If you start with the question, "What can I build with the skills I have?", you end up deriving hypothetical problems to justify an already decided solution.
Marketable business opportunities arise from defects in existing products or services that consumers are currently using despite the inconvenience, rather than from entirely new areas.
Before attempting to prove the innovativeness of a solution, founders and planners must objectively investigate exactly where customers using existing alternatives experience friction and inconvenience, and prove it with data.
🥄 A spoonful of execution
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Open a notepad right now and think back on your daily life over the past week. "What existing products or services did I spend money on or search for diligently, yet still find inconvenient and annoying?" That creaky gap is the very beginning of the real problems that can turn into money.
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Don't chase innovative problems.
Research what is broken in existing solutions and find real problems worth solving.
Introduction.
It might sound backwards, but Ash Maurya has seen hundreds of founders fail because they are too innovative .
There are two traps here:
Innovator's Bias: Getting too absorbed in the solution and failing to see what the customer actually needs.
Market Readiness: We created something so innovative that the market isn't ready to buy it yet.
Both kill startups.
But there is a twist. Innovation isn't the issue. If you know how to use it, it is actually a gift .
Ash calls this the Innovator's Gift Framework. It is about distinguishing successful founders from failing founders.
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