Overview of Testing Methodologies

Testing methodologies are essential for validating the assumptions made in your BMC and VPC. The goal is to minimize risk by confirming your ideas are sound before fully committing resources to them. The process typically involves these steps:

  1. Formulating Hypotheses: Identify your biggest uncertainties and convert them into falsifiable hypotheses.

  2. Designing Experiments: Determine the best way to test each hypothesis, considering feasibility, cost, and the type of data needed.

  3. Gathering Evidence: Execute the experiment and collect data.

  4. Extracting Insights: Analyze the data to decide whether to pivot, persevere, or stop your venture.