2 ms·
Well look at it this way: An idea is like a multiplier. In itself it is worth nothing, but if someone with good execution skill can make 1 mill. $ on an idea,
by mixmax 19y ago
Well look at it this way:
An idea is like a multiplier. In itself it is worth nothing, but if someone with good execution skill can make 1 mill. $ on an idea, and your idea is twice as good (however you define that) then the same guy can make 2 mill. $ going after that idea instead, all other things being equal.
Note though that an idea that is "twice as good is hard to come by, and even harder to sell to the guy that has to execute it - if it isn't yourself.
A lot of companies (amazon for example) have made into the big league without having an idea that is in any way novel but by having great execution skill. The opposite is never the case.
- skmurphy 19y agoI would suggest that Amazon's great execution is actually the result of continuous experimentation and the accumulation of many thousands of "small ideas." The evolution of their website is famously driven by continuous A/B testing. And I think the S3/EC2 combo may evolve into something quite novel.
- mixmax 19y agoSince A/B testing wasn't invented by Amazon it has got nothing to do with ideas. But it does have everything to do with execution.