Finding Startup Ideas
As a young entrepreneur fresh out of college, my biggest challenge wasn't just starting a business; it was discovering a problem worth solving. As a recent graduate, I realized that my limited exposure provided insufficient insight into industry-specific challenges. This gap in experience raised a critical question: How does one find a good startup idea without years of industry immersion?
Skills, Passion
The breakthrough came from introspection and market observation. By reflecting on my skills, experiences, and passions, I narrowed my focus to problem spaces where I could make an immediate impact and sustain long-term interest. This approach wasn't just about aligning with what I knew or cared about; it was about finding a niche where my unique perspective could thrive.
And Market Trends
Simultaneously, I looked outward, identifying emerging trends through the lens of newly established venture capital funds and accelerators. Their investment directions often signal burgeoning industries ripe for innovation.
My entry into the cryptocurrency world exemplifies this strategy. In 2022, I joined a Bitcoin startup incubator as a cohort one member, intrigued not just by the technology but by the potential it held. This decision, initially driven by industry trends, paid off when Bitcoin soared in popularity in 2023, largely fueled by the buzz around Ordinals.
Similarly, my SaaS startup, recently pivoted to the MENA market. This strategic shift was influenced by my participation in an AI accelerator in the region. The experience unveiled the untapped potential of MENA, a market burgeoning with opportunities and eager for technological advancement.
Although it hasn't been validated yet, I am pretty confident that in 3-5 years, when I look back, it will make sense that I pivoted into this unusual market.
