Becoming Competitive

If you can do the following, you will be an extremely competitive applicant.

Can you prove you are serious?

• Can you convince us you will never give up? Do you show unyielding entrepreneurial spirit, including persistence through failure and past entrepreneurial experience?
• Can you provide evidence that your customers find your product or service valuable? Can you convince us that your solution actually solves an unmet need? Have you sold your core product or service and generated revenue?
• At minimum, have you completed a pilot or a prototype?
• Do you possess the highest levels of personal integrity and transparency? Are you honest about what you do know and what you do not know?
• Are you self-aware? Are you familiar with and honest about your strengths and your weaknesses? Do you acknowledge and learn from your failures?
• Are you impatient? Do you feel a strong sense of urgency to measurably improve the lives of at least 1 million people?

Can you prove you have the team to execute?

• Do your team members possess the needed skills and experience to effectively implement your solution?
• Does your team work together as a cohesive unit and do you have a strong track record of working together so far? The number one cause of Unreasonable Ventures failing in the past has been difficulties between co-founders.
• Is your team uniquely qualified to address the need you are tackling? Is your team uniquely qualified to implement the solution?

Is your venture Unreasonable?

• Does your venture effectively address a social or environmental need?
• Does your venture have high revenue-generating potential? Are you pursuing multiple sources of income to get your venture to profitability as soon as possible?
• Is your venture designed to scale, replicate, or franchise from the beginning?
• Is your venture designed to ultimately meet the needs of at least 1 million people?

Do you know what you are doing?

• Have you identified the specific need that your venture is addressing and can you clearly outline how you know that this is an actual need?
• Have you spoken at length with at least 25 customers or beneficiaries to understand their needs?
• Can you clearly articulate the thought process you used to go from identifying a need to realizing a product or service?
• Have you developed effective metrics to gauge the impact of your product or service?
• Do you have a well thought out business plan and a clear business model?