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The Neighborhood Studios team spent the last few days thinking about our new idea pipeline and its output. Tons of thoughts on this after being in a venture studio for 2 years. Here are some summary stats... - 1,750 new (raw) ideas considered per year. - 110 of those are given a second glance. - 66 of those are seriously considered. - 10 of those become experiments...real products in the hands of customers. - 2 of those are spun-out into studio companies. What the studio team has been discussing over the past few days is that 66 number. That's the number of ideas that 3 people on the team can dig into every year. Venture studios can be perceived as a "startup factory"...an engine to launch startups. The reality is that venture studios are a machine to invalidate ideas. We invalidate many more ideas than we validate. We touch 1,750 ideas per year, seriously dive into 66 of them, build experiments for 10 of them and only launch 2 of them. All that work turns into 2 studio companies per year that have a way higher success rate than the average startup in the wild. Said another way...startups are hard. Talk with Tapan Patel Gabe Hart Whit Anderson IV Jonathan Brinson if you wanna talk about this. They are world class.

Dave, Could I recommend our new book to you? I hope it might offer some fresh perspective that you might find helpful in the work. Merrick The Heart of Innovation: A Field Guide for Navigating to Authentic Demand https://a.co/d/dIxAiO9

Tamara Vrooman Lucas

CEO & Founder at My Panda | Techstars Atlanta '22 | Advocate for Women and Their Families

1mo

These numbers show the creativity and innovation that is required to come up with a successful startup. 1750 is a whole lot of creative, out of the box thinking!!

Mark F.

Dad | Growth Leader | Mental Health Advocate | Innovation | Health | Coach

4w

Sadly it also represents the punch in the face founders get every day. And sadly there are swaths of investors/studios who will drag founders through a laborious process of wasting their time and building up hope.

Anand Thaker

Navigating PE, VC Investments | Decision Intelligence AI R&D | 4X Exit Founder | GTM Exec Advisor

1mo

Most people do not see the funnel involved in investing (time, or money) into a startup. Thank you for sharing this. The team is doing incredible work and putting in an incredible effort. No doubt those numbers will evolve.

It is hard but I know you are all putting endless thought and effort into those and while it may seem small it is worth it. Still remember the conversation we had two years ago to this day.

Eric Weatherholtz

Retail redevelopment since 1992

1mo

Love this

Cory Hewett

Electrification ⚡️ and Emerging Tech 💻 🚀

1mo

Willing to share capital spend along that same funnel?

Boris Stanic

Co-Founder @d-one | We make awesome apps | driving growth & innovation |

1mo

I would put this on the wall so every startup founder can see it when they think, “I have a brilliant idea”

Gerald C.

CEO at Destined AI // Techstars '23

1mo

I’d be curious about the other 8 from the top 10…why those didn’t make the cut and could those still be viable or for sale

Matthew Burris

Build, Launch, and Scale your Venture Studio (Faster) | Trusted by 400+ Venture Studios globally | DM me “VSA” for more info

1mo

Derisking done well means proving that most ideas are a hard pass. I prefer the frame of disproving. The goal becomes how fast can you disprove a concept, idea, or opportunity in it's present incarnation will not work and why it fails. That why might be fixable. But making it concrete is essential to see the path forward.

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