Validating your early-stage and prototype phase start-up
What do you normally use to validate an early-stage or prototype phase start-up? When you think you have an awesome idea and want to get funding but don't have traction and no live product?
We used references and letters of intent by potential consumers - but then we launched http://ironstamp.me to facilitate the process and increase the rate of market validation...
I'd like to know what you think and what other tools are you using?
First coming to the part validation is a complex thing to do. You never know users validating your idea will actually pay for it.
Another thing is funding works different in India and USA. In USA analysis is performed before investment, in India you get money because other startups in your niche are getting.
Validation does not work in India. You can have a tool to analyse the startups in a niche who got funding and what are your chances to get it -for India