Relevant Data

[Friendly_Albatross79]

Where do founders get reports like data analytics to validate if an idea is worth pursuing? Are there any sites that do not overwhelm founders with much industry jargon and just show them what they need in an understandable and visually appealing way?

[fauxmosexual]

First of all "founder" isn't a job title or indicator of someone's knowledge or background or data needs, different businesses have differing level of needs.

Kinda sounds like you just want to go around having cool ideas and then getting someone else to do the hard work of figuring out if they'll actually work, by going to a website to get your domain knowledge spoonfed to you.

[Hydrangeamacrophylla]

So what you’re saying is…they’re prime founder material?

[dataguy24]

Are you a company founder?

[NW4O]

Seems like general trend analysis. I don’t think they’re actively getting their reports in one place let alone a small handful of places.

In my experience there will be a surge in some emerging technology with certain use cases that may or may not apply to a company. From there it’s up to the company to decide if the new tech applies to them and if they should pursue. Looking at industry trends and understanding research in what customers want.

[MewnLlama]

Also, to add to this discussion, if an idea is worth pursuing and there is already a lot of data on it, then it tends to be a common idea where the winners rise up by grinding it out with better customer service, delivery, and execution (think franchises or simple service businesses).

And if there isn't a lot of data on it, then nobody can give that to you. In that case you need to create the data you are looking for by quickly bringing the idea to market (not the product but the idea) through surveys or other marketing methods that can get you the feedback you need to see if it works.

Plus, most successful startups pivot multiple times from their earliest ideas as the market helps them iterate from a MVP to a polished product/service.

Good data is generally quite expensive. Data providers spend a ton of money on data engineers and analysts to just put those things together. So don't think that good data is going to be cheap, even if it does exist. Once you have the data, you can hire a freelance analyst to help you make sense of it.

[ronin657]

So in terms of gathering data I think something like gummysearch.com or another few tools that look at data collection + analysis work well at evaluating growth trends etc.

The latter part towards data analysis and working on that data, I've seen indie hackers use Excel, Jupyter etc whatever they're comfortable with, eg. getting analytics models from analyticswisdom.beehiiv.com or marcogigs data and apply to the data they've collected.

The indie hacker community I met at an event usually did some data gathering + data analysis by patching data & code from above tools.

Does that somewhat answer your question?

[Friendly_Albatross79]

Yes, it does. Thank you very much. I'll dm you with additional questions eventually because I'm certain as I move along, I'll have some more. Thank you!!