While employing statistically significant data is the gold standard for validation, relying solely on metrics has its challenges.
Even though we attempt to apply the Scientific Method to innovation, it’s important to point out the goals of scientists and entrepreneurs are different:
For this reason, entrepreneurs cannot afford to exert the same rigor to experiments as scientists and instead seek to find signals in the noise.
A key mindset for doing this is employing a two-phase validation process: Validate Qualitative, Verify Quantitatively.