1. Prevalidator Basics: About Top ↑

     

      Why Prevalidator?

    Idea and execution are the two basic components of any startup. A sound idea well executed is a successful startup. The idea comes first and Prevalidator will tell you how valid your idea is. You need this information before you waste time and money on execution of a poor idea.

    You may feel that your idea is a good one and your friends and family will tell you the same thing. This is not sufficient information.

    You need to know whether the crowd like your idea and whether they will spend money on it. This is the information you really need.

    To get these answers you need to put your idea in front of the crowd and Prevalidator does that.

    Equally, these two questions are crucial:

    Who are my users?

    How will I find them?

    You will find answers to these two questions right here. If you post a project which catches the attention of the crowd, these are your future users. Talk to them, find out what they want. Invite them to make contact. Build what they want, not what you think they want.

     

      What is Prevalidator? 

    Prevalidator is crowd validation for startup ideas. Like Kickstarter and Indiegogo, Prevalidator puts your startup idea in front of the crowd but not with the idea of raising funding. Prevalidator asks the crowd to pay a small amount of money to secure your product or service at a date in the future and at a specified discount. This will quickly establish whether there is real interest in your idea. 

    Prevalidator occurs earlier in the startup growth curve than crowd funding.

    Prevalidator will get comments from registered platform users and allow them to contact you.

    When you post your project on Prevalidator all users who have registered interest in your project's category will be immediately informed about your project. You will immediately have a relevant audience for your project.

    Prevalidator will measure a number of crucial metrics relative to vistors to your project as a broader gauge of interest in your idea. Based on this you can fine tune and adjust your project while it is "live" to try and get potential users to commit. 

    Prevalidator will find you early adopters and users if they like your project. This is one of the greatest challenges facing early stage startups. Prevalidator will help you solve it.

    Your Prevalidator campaign will be a very good basis for a future crowdfunding campaign should you decide to use this funding method.

    Prevalidator is also a marketplace and notice board for the startup community.

    You can place icons on your presentation which indicate that you are seeking funding/investment, hiring or looking for partners.

     How does Prevalidator work?

    Prevalidator has two classes of users, project owners and the crowd. Any registered user can post projects and thus become project owners.

    Project owners are startup founders who want to expose their startup idea to the crowd to assess their validity.

    The crowd come to the site to browse projects, comment on projects and get early adopter access to projects with a small payment which entitles them to a discount on the projected price of a product once it is shippable as well as a direct line of communication with the project owner.

    Crowd interest, comments, questions and presales will tell project owners how valid their idea is and give them ideas on how to change or improve it. Registered users can also contact the project owner directly from the site with comments.

     How are projects arranged on the site?

    The platform continually measures a number of important metrics and algorithmically assesses the validity of an idea. The better a project performs in these metrics the further it will move towards the front of its page in its category. These metrics will be averaged against time to provide an averaged opposed to an absolute rating to keep things competitive.

    New projects go into a "Recently Launched" section. They remain there until they are replaced by newer projects.

    There are also "Staff Picks" and "Popular" sections where qualifying projects are highlighted.

    All projects can be found by category and are displayed there in order of their popularity.

    There is a sophisticated search function to find projects by category and keywords. 

     How do users interract with the site?

    Users need to register to interract with the site. This will enable them to open project details, comment on projects, share projects and pay for access to products or services at a later date and at a discount. Any user who does "prebuy" a product or service from a project gets access to the project owners/developers for the period until the product or service is deliverable. He/she thus becomes a development insider as an early adopter. Feedback and progress from the project will be regularly provided and they can make suggestions for features and functionality to the project.

    This will be very useful to the project owners.

    Registered users can also send questions to project owners via the "Comment" function and the owners can choose whether to respond.

     

     

     


  2. Prevalidator Basics: Everything you need to know Top ↑

     

     


  3. Prevalidator Basics: Will they steal my idea? Top ↑

    You may be concerned that if you post your startup idea on this site that somebody will steal it. This could happen, but consider this:-

    "Generally, I'd like to encourage you to share your Ideas freely. Even though telling people an idea is not completely without risk, generally the rewards from open discussions greatly outweigh the risks.

    Most startups fail because they build something nobody wants. Talking to people early, especially people who are the intended users/customers for your idea can be a great way to protect yourself from that risk, which is considerably higher than the risk of someone taking off with your idea."

    David Katz

     

    Having said that, if your project receives a positive response, be prepared to push ahead quickly with development and get a useable product out. In the unlikely event that somebody does steal your idea you will have a head start on them as well as a core of prospective users from your project on this site.

     


  4. Prevalidator Basics: Prevalidator vs. Crowdfunding Top ↑

    Prevalidator occurs before crowdfunding in the startup growth curve. Prevalidator was not conceived to raise funding for new startups. It was conceived to validate startup ideas before startups spend time and money developing the idea.

    An idea validated by Prevalidator might well move on to crowd, angel or VC funding after some development. Lessons learned in the Prevalidator campaign will pay dividends in a later funding campaign.

    The exposure gained for your project on Prevalidator will also potentially bring fans and backers to your crowdfunding campaign.

    Lessons learned from comments in particular could also influence the direction taken in the development process.

    Although Prevalidator occurs early, this does not mean that an idea without information as to how it might be realized technically and conceptually will be hosted by Prevalidator. It will not. There is work to be done on any idea before we can approve and publish it. See our Guidelines for more information.

     


  5. Prevalidator Basics: Project eligibility Top ↑

    In "Prevalidator vs. Crowdfunding" above we told you Prevalidator occurs before crowdfunding in the project growth curve. So what exactly is eligible for publication on the platform?

    Firstly let's qualify what constitutes an "idea"  in our requirements. For an idea to qualify it has to have two elements. These are concept and method. In other words you need to show us and our users what you want to build and how you are going to achieve it.

    A project that tells us that you want to build an automobile that runs on water, but fails to explain how you might achieve this is not going to make the grade.

    If you can demonstrate that your idea is based on a sound scientific principle or that you (or your team) have the credentials to possibly make this real, then you probably will make the grade.

    That said, we have essentially two grades of project which are eligible for publication on Prevalidator. 

    (1) Early Stage. This is a project where the product or service is defined. The method is established but a team is not yet established and there is no MVP. The project owner can fairly clearly define the path to final product.

    These projects will be evaluated and published if the evaluation team considers them worthy of publication. They will not be eligible for prepayment but can receive comments, suggestions as well as questions from registered users. This will tell you whether there is interest in your idea and get you valuable feedback from prospective users.

    (2) MVP. This is a project with a team in place but at an early stage in the development process. There is a prototype product or MVP. The project owner/s need validation and input from prospective users and/or early adopters. The project is eligible for prepayment and can receive comments, suggestions as well as questions from registered users. This will tell you whether to "pull the trigger" on a full scale development process.

    These projects will be evaluated and published if the evaluation team considers them worthy of publication. 

    Project owners must select which grade they wish to publish their project in during the project building process.

    During the review process the reviewers may move a project into a different grade to the one selected by the project owner. The project owner may delete the project should they not wish to have the project published in that grade.

     

     

     

     

  6. Prevalidator Basics: Accountability Top ↑

      Who is responsible for completing a project as promised?

    It's the project creator's responsibility to complete their project. Prevalidator is not involved in the development of the projects themselves.

    Prevalidator does not guarantee projects or investigate a creator's ability to complete their project. On Prevalidator, early adopters (maybe you!) ultimately decide the validity and worthiness of a project by whether they decide to prebuy it.

     

     How do prebuyers know if a project will follow through?

    Launching a Prevalidator is a very public act, and creators put their reputations at risk when they do.

    Prebuyers should look for creators who share a clear plan for how their project will be completed and who have a history of doing so. Creators are encouraged to share links and as much background information as possible so prebuyers can make informed decisions about the projects they support.

    If a creator has no demonstrable experience in doing something like their project or doesn't share key information, prebuyers should take that into consideration.

    Does the creator include links to any websites that show work related to the project, or past projects? Does the creator appear in the video? Have they connected via Facebook?

    Don't hesitate to request information from a creator. You can always reach out before prebuying via the "Contact me" button on the project page.

     

      How do I know a project creator is who they claim they are?

    Perhaps you know the project creator, or you heard about the project from a trusted source.

    Maybe they have a first-person video. That would be hard to fake. "Is it really U2?!" Well, it is if Bono's talking about the project.

    Still not sure? Look for the creator bio section on the project page. Are they Facebook Connected? Do they provide links for further verification? The web is an invaluable resource for learning more about a person.

    At the end of the day, use your internet street smarts.

     

      What should creators do if there are problems completing their project?

    If problems come up, creators are expected to post a project update (which is emailed to all prebuyers) explaining the situation. Sharing the story, speed bumps and all, is crucial. Most prebuyers support projects because they want to see something happen and they'd like to be a part of it. Creators who are honest and transparent will usually find prebuyers to be understanding.

    It's not uncommon for things to take longer than expected. Sometimes the execution of the project proves more difficult than the creator had anticipated. If a creator is making a good faith effort to complete their project and is transparent about it, prebuyers should do their best to be patient and understanding while demanding continued accountability from the creator.

    If the problems are severe enough that the creator can't fulfill their project, creators need to find a resolution. Steps should include offering explanation detailing exactly how funds were used, and other actions to satisfy prebuyers. Remember if you prebuy a product you are taking a risk. Not all businesses succeed and this is not always the fault of the creator.

     

      Is a creator legally obligated to fulfill the promises of their project?

    Yes. Prevalidator's Terms of Use require creators to fulfill commitments they have made when accepting prepayments. (This is what creators see before they launch.) We crafted these terms to create a legal requirement for creators to follow through on their projects, and to give backers a recourse if they don't. We hope that prebuyers will consider using this provision only in cases where they feel that a creator has not made a good faith effort to complete the project and fulfill.

     

     Can Prevalidator refund money if a project fails to fulfill?

    No. Prevalidator doesn't issue refunds as transactions are between prebuyers and creators. Creators have the ability to refund prebuyers should they so wish.

     

      Why can't Prevalidator guarantee projects?

    We started Prevalidator as a new way for creators and audiences to work together to make things. The traditional funding systems are risk-averse and profit-focused, and tons of great ideas never get a chance. We thought Prevalidator could open the door to a much wider variety of ideas and allow everyone to decide what they wanted to see exist in the world.

    Prevalidator is full of ambitious, innovative, and imaginative ideas. Many of the projects you see on Prevalidator are in earlier stages of development and are looking for a community to bring them to life. The fact that Prevalidator allows creators to take risks and attempt to create something new is a feature, not a bug.

     

     


  7. Prevalidator Basics: Getting involved Top ↑

       How do I start a project?

    Click the "Start Your Project" button on the start page. That will take you through the process of building your project. All projects must meet Prevalidator's project guidelines and all creators must meet eligibility requirements.

    Before jumping in, do some research. Read through Prevalidator School for tips on how to structure your project. Talk to your friends about your ideas to see what they think. Look at other projects on Prevalidator that are similar to yours. All of this work will pay off.

     

      How can I find interesting projects?

    There are a bunch of ways to find cool projects:

    The Prevalidator Newsletter: Once a week we send a hand-picked email of three projects worth checking out.

    Staff Picks: The Staff Picks section collects standout projects selected by the Prevalidator team.

    Popular: The Prevalidator algorithms displays the projects making the most waves. The main popular page is the best view: three of the most popular projects in all 13 categories.

    The Internet: Prevalidator projects are often big news on social media and in the press. This is how many projects are discovered.

     

      If I have more questions, what should I do?

    Have questions that weren't answered here? We have more Frequently Asked Questions available for both creators and backers. If you're a member of the press looking to reach Prevalidator, you can contact us at help@Prevalidator.com. If you are looking for customer service help, just click Contact at the bottom of the page. Thanks!