“So, Y-Combinator shared a practical approach to finding – whether a founder solving the right problem or not. YC Shared that…..
Find the Problem which is —
- Popular
- Growing
- Urgent
- Expensive
- Mandatory
- Frequent
Let’s decode each one of these:
- Popular: Find A Problem that a lot of people are facing. You should avoid problems with only a small number of people are facing.
- Growing: Find the problem which is growing, so a large number of people will face problems in the coming time.
- Urgent: The problem needs to be solved very very quickly.
- Expensive To Solve: If you’re able to solve it then you can charge a lot of money for potential.
- Mandatory: Problems that are mandatory right so people can see the problem and use your product/service.
- Frequent: over and over again (— people are gonna encounter the problem over and over again and often in a frequent time interval.”
Source: Venture Crew
First princples 