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Ideas are extremely valuable. They just aren't short term commercialisable. Good ideas prove their worth over generations, by establishing entire industries and
by devdas 10y ago
Ideas are extremely valuable. They just aren't short term commercialisable. Good ideas prove their worth over generations, by establishing entire industries and not single companies.
If you have an idea which will found an industry (or multiple industries), then you have a good idea but you will likely not become rich from it.
Execution is cheap, most people can execute. Some can execute better than others, but still be unlucky in timing or market. Some people get lucky while executing and thus rich.
If you have an idea which depends on inventory turns (or equivalent metrics), then the execution is important and will make you rich if you get lucky.