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What they really mean by that, is ideas are on the critical 1%. You can mess up a lot on the execution, and still have a viable business; but if you're buildin
by sdrinf 15y ago
What they really mean by that, is ideas are on the critical 1%.
You can mess up a lot on the execution, and still have a viable business; but if you're building the wrong thing, no amount of execution will save you.
But! In terms of energy spent, ideation consumes less, than a percent of the total investment: hence, a guy with an idea (even if it's the right one) can't claim to have invested much effort into the business as the one researching / custdeving / building it.
- gfodor 15y agoTime and time again people jump to the defense of people saying "ideas don't matter" by saying that's not what they really mean. If not, why not just say that, instead of such hyperbole that certainly gets misinterpreted.
- dasil003 15y agoThe reason is because the world is full of people who believe they have a billion dollar idea, and all they need is to "find an engineer to build it". By contrast, there is not a single engineer running around offering to pay $10,000 for a killer idea so they can use it to execute their way to a billion-dollar business.
- gfodor 15y agoThats true, but there are also surely people executing on poorly thought through or uninspiring ideas since they've been told to not go through the various thought exercises one should go though before settling on an idea for a new venture.
- dasil003 15y agoIf you lack the common sense to realize that in order to sell something people need to be willing to buy it, then all the startup wisdom in the world won't help you.