What does no market validation mean?
No market validation is when companies did not validate their markets to determine whether or not there was a market for their products.
Definition of market validation
Market validation is the process of introducing the product and/or solution to the market, assessing market approaches, and obtaining customer feedback.
According to Jim Semick (Founder & Chief Strategist of ProductPlan), market validation involves a series of interviews with people in your target market, and it almost always takes place before you have made significant investment in your product or concept.
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Last edited on 18 June 2019.