Ours is very new project and we are starting a sprint from tomorrow.
We don't have base stories to compare and decide estimation (relative estimation) for stories we are planning for new sprint.
In backlog grooming meeting today we went by following approach- :
1 story point = Simple
2 = Medium
3= High
5= Complex
8= Epic (Can't be completed in a single sprint)
Now, since we were not having any stories to compare we went by development team's gut feeling .
Is this the right way ?