Lifecycle / 02

Research

We build an informed view of the market, the customer and the conditions a business would need to succeed.

What it is

Research replaces assumption with evidence. The work covers demand, competition, regulation, economics and routes to market. It also identifies what would have to be true for the opportunity to support an enduring company.

What happens at this stage

01Map the market and existing alternatives

02Study customer behaviour and buying decisions

03Test the regulatory and operating context

04Set the questions that validation must answer

Stage outcome

An investment thesis with explicit assumptions and evidence gaps.

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