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Here's what I think: An idea by itself is worthless without execution, but definitely worth something with the right execution behind it. So you can think of a
by mixmax 19y ago
Here's what I think:
An idea by itself is worthless without execution, but definitely worth something with the right execution behind it. So you can think of an idea as a multilplier, where the better idea will give somebody skilled in execution a better output.
To explain:
stupid idea: x0,5
OK idea: x1
good idea: x5
great idea: x10
Now if someone good at execution starts a company with an OK idea he will make, let's say, $1.000.000. The idea is the multiplier, so if he executes a good idea he will make $5.000.000, and if he executes a great idea he will make $10.000.000.
So you can argue here that a great idea is worth $9.000.000 more than an OK idea. But you can also argue that if it doesn't get executed it is worth nothing.
That is the dilemma.
- Malcx 19y agohttp://www.oreillynet.com/onlamp/blog/2005/08/ideas_are_just_a_multiplier_of.html http://www.oreillynet.com/onlamp/blog/2005/08/ideas_are_just...
- chaostheory 19y agou should post this as a normal yc post; never seen it before
- doubleplus 19y agoGood catch.
- ambition 19y agoI like this way of thinking about it. It makes intuitive sense to me. It reframes the problem. It's about finding the optimal combination of executing team and idea, rather than about separating the value of the idea from its execution.
- pixcavator 19y ago>...you can think of an idea as a multilplier... Mixmax, you don't seem to realize that in your explanation execution is a multiplier too! Let me rewrite your comment below: So you can think of execution as a multilplier, where the better execution will give somebody with a good idea a better output. To explain: bad execution: x0,5 OK execution: x1 good execution: x5 great execution: x10 etc
- mixmax 19y agoNo, because a good idea without any execution is worth nothing.
- pixcavator 19y agoThis is what you said: good idea x 0 = 0. Execution is a multiplier, according to you.
- mixmax 19y agoAhh it's the other way around. Sorry, math isn't my speciality, I'm just the guy doing the powerpoints and wawing my arms around convincing people wearing ties that whatever I happen to do at the moment is the best thing since sliced bread... But thanks for clearing it up. Modded you up to make up for it :-)