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How to Pick Startup Idea
- geraldfong 15y agoI agree very much with the idea of "improving on something that already exists". I hate it when you tell someone an idea, and they rule it out because "it already exists". There is always a better way to execute on the same idea. However, I am not a fan of "Has business model other than advertising". Although it is something to have in the back of your mind, it is hard to say what the product/idea will evolve into when it actually becomes something that can be profitable.
- Ecio78 15y agoI think a careful evaluation should be spent in finding the right balance between "General enough, so you can find users" (as advised in the article) and "if you're a solo entrepreneur find a niche so you have less competition, expecially from big names" (paraphrasing Rob Walling, Tim Ferris and others)
- brador 15y agoFollow this strategy to a spectacular fail. We've all seen the startup kids who invest 2 years+ of their life into a startup they really believe in, THEN they release. and it flops. Your belief in your startup is useless, other than as a way of keeping you motivated until you ship. This is why MVP and pivot and "throw-jello-at-the-wall-and-see-which-sticks" exist as better, adaptive, strategies.
- grigy 15y agoI agree. But even by following the MVP methodology we still need to pick an idea to start with. Regardless the belief that execution is the key and idea worth nothing, I would still pick the one which satisfies most of the points.