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About

EM

Eric Migicovsky

07/26/19

@ Y Combinator

Understand the size of their budget for solving the problem to ensure they have the means to pay for a solution.

Video

YC

Eric Migicovsky - How to Talk to Users

@ Y Combinator

07/26/19

Related Takeaways

EM

Eric Migicovsky

07/26/19

@ Y Combinator

It's important to ask how much the problem costs them today to gauge the financial impact.

TJ

Todd Jackson

04/11/24

@ Lenny's Podcast

Asking customers about their budget and what they currently pay for similar solutions helps gauge their willingness to pay.

HI

Harvard Innovation Labs Cast

06/12/13

@ Harvard Innovation Labs

When discussing a potential solution with customers, always ask them what specific problem you would be solving for them and what they would be willing to pay for it.

GA

Gustaf Alströmer

12/02/22

@ Y Combinator

To determine if a problem is valuable, assess whether people are willing to pay for existing solutions in the market.

EM

Eric Migicovsky

07/26/19

@ Y Combinator

Determine how frequently they encounter the problem, as more frequent issues indicate a higher likelihood of needing a solution.

JL

Joe Lonsdale

04/26/24

@ My First Million

You can create a successful company by focusing on solving real problems that have a budget allocated for them.

JL

Joe Lonsdale

04/26/24

@ My First Million

You can create a successful company by focusing on solving real problems that have a budget allocated for them.

HI

Harvard Innovation Labs Cast

06/12/13

@ Harvard Innovation Labs

If customers express a willingness to pay for your solution, consider asking them for a commitment, like writing a check in advance, to validate your idea.

SA

Sam Altman

06/01/17

@ Y Combinator

It's essential to communicate to the team what you're willing to overpay for and why, ensuring that everyone understands the short-term nature of such decisions.