A framework for identifying smarter business bets
These days, especially with ChatGPT, ideas are a commodity.
So it’s up to people to transform them into opportunities.
💡The value in ideas comes from the people who are able to expand on, evaluate, prioritize and execute them.
We went deep on extracting high-leverage value from dime-a-dozen ideas and so much more in this week’s Sandbox with David Siegel (CEO of MeetUp) and Wendy Tsu (Partner at AlleyCorp).
Wendy shared some powerful thought-starters from AlleyCorp’s framework for identifying smart bets:
Where are the pain points or experiences that could be 10x faster, better, or cheaper?
Where is there a large TAM, namely a non-innovative incumbent that’s worth reinventing?
Where are there fundamental shifts that will endure for the next 10 years?
Where is there an ignored consumer segment we could be solving a problem for?
Catch the full recording here: ⬇️
Wheels turning? Keep up the momentum by:
✅ Tapping AlleyCorp’s framework for incubating strong, defensible companies to make sure you’re not overlooking key ingredients
✅ Connecting with David, Wendy or yours truly to continue the conversation