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Gee, it must be fun to call entrepreneurs silly. My view is that the article is 99 44/100%, fresh, soft, still steaming, and actually destructive, BS. The who
by NY_USA_Hacker 16y ago
Gee, it must be fun to call entrepreneurs silly.
My view is that the article is 99 44/100%, fresh, soft, still steaming, and actually destructive, BS.
The whole post is based on what is apparently deliberately both an obscure and even ambiguous use of the word 'idea'. So, with such deliberate obscurity and ambiguity, all he has is a way to insult entrepreneurs so that all he has is that steaming pile.
Details:
So, at the beginning of his post, to him an 'idea' is something worth protecting as intellectual property.
There actually are ideas worth protecting: Sometimes they are protected by Top Secret in the US DoD, via the USPTO, and by trade secret law. In research, the first person with a really good idea can win a valuable prize, e.g., a Nobel. Flatly, protecting ideas is not all just foolishness.
Then during his post he bends his idea to mean just some general description from 100,000 feet up that would need no protection and likely could not get any from, say, the USPTO.
So, by the end of his post, to him an 'idea' is something as vague as, say,
Facebook but for dog lovers, "with nearly all romantic angle", and, to keep quality up, need an invitation to get in.
Yes, for such an 'idea', to quote J. Doerr at KP, "execution is everything" and for a good reason: The idea is trivial; anyone could think up such ideas at a rate of one a minute for most of an hour.
Now we come to the real weakness in the author: He's missing the standard, old 'paradigm' of an entrepreneur with a good 'idea':
Start with a problem that millions, maybe hundreds of millions, of people have and would very much like to have solved or at least solved much better than at present.
Since some millions of people have the problem, the 'idea' of solving the problem is obvious. In that case, just why is the problem not solved?
Simple: No one knows how to solve it.
The classic example is one pill taken once to cure any cancer. And, that's not the 'idea'. Instead the 'idea' would be how to make the pill, and that would need protection. In terms of entrepreneurship, the pill is the 'secret sauce', and the word 'secret' is well chosen.
So, the author is deliberately confusing a trivial idea, one pill to cure cancer, with a difficult idea, how to make such a pill. Silly author with a silly post.
Q. But your example is from biomedical. The article and HN are concerned with software.
A. Oh, poor one: There are plenty of big problems that can be solved by software and a good idea where the idea is quite difficult to construct but much better than anything else available or obvious.
So, the big problem of the author is that he does not understand the possibility of such ideas.
So, he has
1.) Execution is more important than the idea
For a trivial idea, yes. However, if the idea was actually how to make a one pill cure for any cancer, then the idea was all that was important and, believe me, "execution" will be only very routine.
2.) Someone else has the exact same idea.
Nonsense. Absolutely 100% total nonsense. I've published papers in the peer-reviewed research literature where the standard requirement is "new, correct, and significant". Note the "new". And I got a Ph.D. from a good research university, and there the main requirement was "an original contribution to knowledge worthy of publication". Note the "original".
3.) Totally unique ideas generally don't make it
Nonsense. What he means is, say, a new product, of a very different kind in all respects, e.g., one that requires customers to do something quite new, for a new need for new customers in a new market generally doesn't make it. Right.
But a one pill cure for cancer, which would be "totally unique", would have to fight customers off with rings of guards, literally.
4.) The most likely cause of failure is your incompetence, not losing to the competition
Yup, insult the entrepreneur again.
5.) You desperately need real feedback
Yup, insult the entrepreneur again.
6.) First mover advantage is just silliness
Nonsense: A first mover advantage is just that, an "advantage" and not "silliness".
Net, the author wants to insult entrepreneurs and doesn't understand what a really good 'idea' actually is.
- keeptrying 16y agoUmm actually the guys who coined the term "first mover advantage" actually wrote a paper explaining why they were wrong. They published it in the harvard business review so u should be able to find it via google.
- keeptrying 16y agoGoogle for "Rethinking the First-Mover Advantage"
- NY_USA_Hacker 16y ago"First mover advantage" is still an 'advantage'. E.g., Hughes Tool. Xerox and their photocopier that they made for about $1500 and sold for about $29,000. FedEx had a nice first mover advantage: They were flying under CAB regulation Part 91b for unscheduled air taxi, intended for mom and pop air charter operations. So, their planes had to have max gross takeoff weight of 25,000 pounds. With an exception they got 28,660 and could fly the Dassault Fan Jet Falcon DA-20 and quickly bought about all there were. Bigger planes? Illegal for them to operate trucks. That first mover advantage was key for their success. Then Carter appointed Kahn to the CAB, and he killed it. Then FedEx and everyone else, e.g., UPS, could both fly large airplanes and operate trucks. The guy who comes second or later might win, but being first can still be one heck of an advantage.
- lwat 16y ago2.) Someone else has the exact same idea. Nonsense. Absolutely 100% total nonsense. I've published papers in the peer-reviewed research literature where the standard requirement is "new, correct, and significant". Note the "new". And I got a Ph.D. from a good research university, and there the main requirement was "an original contribution to knowledge worthy of publication". Note the "original". We're talking about business ideas, not new research. Your new discoveries didn't grow up to be successful businesses. They're too young for that.
- NY_USA_Hacker 16y agoThey didn't grow to be successful businesses, but that they are too young is not the reason. One of the ideas and papers was, and remains, a candidate for a successful, new business, but it would take a little more cash than I have to get it going: There were interested customers. I gave a nice presentation at one. But the target customers would be only the high end server farms and networks, and developing and selling to them are expensive, even if the software from the core research is done, and it mostly is. My current project is based on my original rsearch; we will see in coming months if I can build into a successful business. About three dozen VCs are eager to see a prototype. For good or bad, I didn't write a prototype and, instead, wrote production quality code. At this point, I need to develop only a few more simple Web pages and the VCs will be able to see it. And the original research is just crucial for the project and has high promise of a high technological barrier to entry.