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I think the notion of ideas being worthless is, essentially, an overreaction to the trend of ideas being grossly overvalued at the expense of more practical con
by ISeemToBeAVerb 14y ago
I think the notion of ideas being worthless is, essentially, an overreaction to the trend of ideas being grossly overvalued at the expense of more practical considerations.
In my mind, this belief is best illustrated in the rapid rise of startups who have an interesting idea, but very little market validation or plans for monetization.
As with most complex topics, the truth is somewhere in the middle. Ideas are not worthless, but they're certainly not worth much. To be valuable (in a business sense) an idea must also be coupled with a strong need or desire derived from knowledge of the market. Add to that a strong plan for execution and you've got something of value.
I'm certainly not suggesting that these elements are always known from the beginning, but for an idea to grow in value, I think these factors need to be taken into consideration.
- relic 14y agoI would think that the idea arises as a result of the need/desire and not the other way around. I couldn't agree more with the idea that value is the result of many factors including the idea, the plan, the team, the environment. Claiming that value is a result of X makes for an interesting claim/discussion, but in my experience, is hardly ever true. Value is the result of many, many different factors, including all those that you listed (need/desire, knowledge of the market, a plan for execution, resources, timing, etc). Nothing is as simple as we try to make it.