Increase the future value of cash flows from the idea

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In order to build value, it can be important to conduct experiments that produce information. These experiments should increase the probability of success or increase the future value of cash flows from the idea. Consider the idea of a phone app.

What are some experiments you could run to increase the value of your idea?

Which elements (probability, future cash flows) would they affect?

What benefits would you gain if those experiments come back with positive results? Negative results?

Where can you get the financing for these experiments? Will that influence the scope of experimentation?

Reference no: EM132179224

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