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Founder's Journal

Where I Go For Startup Ideas

Founder's Journal

Morning Brew

Entrepreneurship, Careers, Business

4.81.1K Ratings

🗓️ 11 September 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

Episode 40: Welcome to Edge City. Alex Lieberman (@businessbarista) reveals his process for generating startup ideas. It’s a combination of how many people will want your idea, basically how big the market is; and how badly people will want your idea, basically what is the demand. Using this framework will determine the viability of your product or service and gauge how you want to approach it. Alex gives an example of how he uses Edge City to come up with an idea for mental health Timestamps: (01:17): What is Edge City? (03:04): The process for finding business ideas (05:50): Paul Graham’s framework for startup ideas (10:50): Enter Edge City (13:40): Edge City for mental health Send us an email and let us know what you think of the idea! foundersjournal@morningbrew.com Links: How to Get Startup Ideas What the smartest people do on the weekend is what everyone else will do during the week in ten years Invest Like the Best with Patrick O'Shaughnessy: Justin Mares - The US Health Crisis on Apple Podcasts #FoundersJournal #Startups #Entrepreneur Listen to Founder’s Journal here: https://link.chtbl.com/OV4W93_W Watch Founder’s Journal here: https://www.youtube.com/@FoundersJournal/ Subscribe to Morning Brew! Sign up for free today: https://bit.ly/morningbrewyt Follow The Brew! Instagram - https://www.instagram.com/morningbrew/ Twitter - https://twitter.com/MorningBrew Tik Tok - https://www.tiktok.com/@morningbrew Follow Alex! Alex Lieberman (@businessbarista) Learn more about Shopify here: https://shopify.com/crazyones Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's up everyone? Welcome back to Founder's Journal, my personal diary around the lessons

0:05.4

and learnings from building companies. I'm your host Alex Lieberman, co-founder and executive

0:10.1

chairman of Morning Brew. First off, I want to give a huge shout out to a few listeners

0:15.8

that recently wrote in, first is Eugene, who listened to my episode on building an audience

0:21.2

on the internet, and then he actually created a template for creating your own content

0:25.7

strategy based on the episode. Then there's Natalie, who listened to the episode on the

0:30.9

power of curation, and is now looking for my list of curated sources. And finally, big

0:36.7

shout out to Maria, who's been building startups and working at startups for a long time,

0:42.0

and she gave me feedback on my recent episode around random thoughts that I've had over

0:46.4

the last few weeks around building companies, as well as my more improv style of recording

0:51.1

the podcast, which I was testing out on that episode. As you can tell, I love talking

0:55.5

to my audience, so shoot me an email to Alex at Morning Brew.com, introduce yourself

1:00.5

and share one episode topic that you would like to hear me cover in the future. Now today,

1:05.2

I am talking about why the best business ideas live on the fringes of society. Let's

1:11.2

hop into it.

1:22.0

What's up, founders, journal listeners, Alex here. I am thrilled to tell you about one of

1:26.8

my favorite brew podcasts, and not just because I happen to host it. Fresh Invest is an

1:33.1

investing podcast sponsored by Fidelity and powered by Morning Brew. And in season four,

1:39.0

we are providing tips and strategies to help you invest wisely wherever you are in life.

1:45.5

I'll be chatting with different Fidelity professionals each week about topics ranging

1:49.8

from income investing to the AI boom. To kick things off, our first episode covers the

1:55.8

current economic and investing landscape, and I ask the million dollar question, how

...

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