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Some random thoughts: 1. Good ideas are cheap. You sound like you're after a killer idea. There are very few killer ideas. Amazon was originally just buying bo
by cletus 16y ago
Some random thoughts:
1. Good ideas are cheap. You sound like you're after a killer idea. There are very few killer ideas. Amazon was originally just buying booms online. Google? A search engine. eBay? An auction site.
2. What matters is execution not the idea.
3. Just because someone else is doing it doesn't mean it's already done. You can have a different (better) take or simply do it better.
4. Pain points are a good starting point. Look at your life. What hires? What could be better?
5. Software is a great starting point because a decade an onternet startup took $5 million whereas now it is as little as $20k.
6. Don't get caught up in hype. For example social media is now (IMHO) hugely overhyped. You need to be somewhat contrarian.
7. Realize when a field is "done". For example, location. You would need a veru different take at this point to compete in this very crowded market.
8. Timing is everything. There was a video on demand startup or two every month before Youtube struck gold.
9. Success will take longer than you think it will.