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Interesting, I think the opposite. Of course there’s the bare minimum needed to execute properly, but past that I think the idea and market are much more import
by amw-zero 7y ago
Interesting, I think the opposite. Of course there’s the bare minimum needed to execute properly, but past that I think the idea and market are much more important in the long run.
For example, if the TAM isn’t there, you can execute as well as you want, but you can’t increase the physical limit on number of customers.
- ahpearce 7y agoYour opinion is totally valid, and I agree. I should've been a bit more clear... On the list of things that are important, having a "good idea" is near the bottom ... unless you're lumping in market validation, timing, total addressable market, etc. into "good idea". In this case, I wasn't. Those are all on the list of things that need to be considered though, and to me, fall directly in line with "execution", rather than "idea". Again, this is just the way I see it, and it's mostly a semantic argument. But to me, "Idea" is like the hypothesis, and problem statement. "Execution" is proving that out by building a really good product and iterating on it, along with analyzing TAM and PMF. If you're better at the "execution" component, you're going to find more success. Especially if you're good at doing that portion quickly and reliably and can cycle through several "ideas". Therefore, ideas are a dime a dozen (in my opinion).