Comments on: 10 Entrepreneurship Lessons Venture Capitalist Nicholas Chan Taught Me [Part 2]

By: Nicholas Chan

Nicholas Chan — Fri, 31 Jul 2009 07:51:54 +0000

Simon,

If you read the interview carefully, and you are of sufficient pro-activity, and truly have the desire to do something for yourself, there would be no need to ask a basic question which you would already be taking active steps to research and work on by yourself.

By: simon

simon — Wed, 29 Jul 2009 03:15:50 +0000

To me google able to search, but then how am i going to know if it is true or fake it out? Just wonder if a item not in the market yet and is totally new, how am i going to find out?

By: Wayne Liew

Wayne Liew — Wed, 29 Jul 2009 02:11:31 +0000

Simply do a search on Google to see whether there are other similar products around the world. Apart from this, I would also recommend you to visit industrial events, talk to people and see whether your product idea is new to them.

Rating it though is another thing. Take myself for example, I am actually working on a new startup idea. In order to test its viability, me and my partner is actually doing a street interview. I would advise you to get in touch with someone with tons of experience like Nicholas Chan. He will definitely tell you how’s your idea and how you should go about turning it from an idea to become a reality.

By: simon

simon — Tue, 28 Jul 2009 13:44:31 +0000

Would like to know more detail about barriers to entry, and how do we know whether our own product is unique? How to rate it?

By: Lilian

Lilian — Mon, 27 Jul 2009 10:32:01 +0000

The advice above are truly priceless. =3

Simple but straight to the point.