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I've had a couple, but couldn't tell you where they come from or how I get them. Ideas are easy (well, not really, but most smart, aware people have them). The
by ChicagoDave 6y ago
I've had a couple, but couldn't tell you where they come from or how I get them. Ideas are easy (well, not really, but most smart, aware people have them).
The differentiator is execution and the ability to network properly. Maybe try your ideas when you don't have five college-aged kids and debt.
I had the idea for "Slack" 4 years before it came out. Seriously, _exactly_ the idea of Slack. I even semi-pitched it to Microsoft and they blew me off. I saw Napster/(internet downloaded music) four years before 1999, but I suspect I wasn't the only one. I started a knowledge base of company resumes at my consulting firm in 1995 and now that's a billion dollar industry (we never finished it because coworkers hated the idea of their resume in a database).
I may be smart, but so far I have been unable to execute any of my billion dollar ideas. Being smart only really gets you so far. I did try to build a tech-ed company ten years ago (Textfyre) that would thrive in the Covid learning world, but we could never get funded.
Still swinging though. May be the one I'm working on now will connect. We shall see.
My advice to anyone with an idea? Learn how to execute. Join startups, read books, network with entrepreneurs, go to startupweekend (when Covid is over), learn how to build a solid pitch deck, a business plan, and a financial worksheet. These fundamentals are the difference in getting an idea to market. And finally, make sure you focus on customers. Not on your logo, business cards, a PR website, or even paid employees. Get customers. Get revenue.
- throwaway1777 6y agoYou only had the idea for slack 4 years before it was launched? IRC had it long before that...
- ChicagoDave 6y agoSlack is more than IRC. Integrated content-sharing was what made Slack "better" than vanilla IRC. Slack also provided a user-friendly interface which IRC arguably has never had.
- ChicagoDave 6y ago$28 billion. I would cry, but it's my own fault for not knowing how to entrepreneur in 2009.