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I think the more nuanced version of the prevailing wisdom is "it seems like a bad idea to everyone else, because of a key set of facts that you know that very f
by pmichaud 11y ago
I think the more nuanced version of the prevailing wisdom is "it seems like a bad idea to everyone else, because of a key set of facts that you know that very few other people know."
Knowing that secret, whatever it is, probably requires special insight into a particular area of the world, special ways of thinking that few others are using, and perhaps special methods of operating that few others are using.
That's how an idea that looks bad ends up being good.
- babababa 11y agoWell put and totally agree - in other words, as the start-up founder, you know it's a good idea. My cynical take on "many bad ideas become major successes" is that as an investor betting on 100 companies, your best economics are from 1 or 2 unicorns, and not 50 base hits. The investor optimized approach is 1 or 2 crazy ideas ended up being prescient and create awesomeness, but the remaining 98 ideas are indeed bad and go nowhere. The founder optimized approach is 50 good ideas create meaningful outcomes that aren't outsized.