Re: What would happen if...

Ron Garret <rNOSPAMon@xxxxxxxxxxx> wrote on Wed, 13 Jun 2007:
In article <1181715211.378831.122020@xxxxxxxxxxxxxxxxxxxxxxxxxxxx>, "JShrager@xxxxxxxxx" <JShrager@xxxxxxxxx> wrote:
What is the business plan basde upon these that could convince an investor
or set of investors to go for this? Unfortuntely, unless you are a serious
interested investor, I can't go into that

See http://rondam.blogspot.com/2006/10/top-ten-geek-business-myths.html
myth #3.

Similar thoughts have been echoed by Paul Graham, for example here:

http://paulgraham.com/ideas.html

[People] overvalue ideas. They think creating a startup is just a
matter of implementing some fabulous initial idea. And since a
successful startup is worth millions of dollars, a good idea is
therefore a million dollar idea.

[...]

Actually, startup ideas are not million dollar ideas, and here's an
experiment you can try to prove it: just try to sell one. Nothing
evolves faster than markets. The fact that there's no market for
startup ideas suggests there's no demand. Which means, in the narrow
sense of the word, that startup ideas are worthless.

And also perhaps

http://paulgraham.com/start.html

An idea for a startup, however, is only a beginning. A lot of
would-be startup founders think the key to the whole process is the
initial idea, and from that point all you have to do is
execute. Venture capitalists know better. If you go to VC firms with
a brilliant idea that you'll tell them about if they sign a
nondisclosure agreement, most will tell you to get lost. That shows
how much a mere idea is worth. The market price is less than the
inconvenience of signing an NDA.

Another sign of how little the initial idea is worth is the number of
startups that change their plan en route. Microsoft's original plan
was to make money selling programming languages, of all things. Their
current business model didn't occur to them until IBM dropped it in
their lap five years later.

Ideas for startups are worth something, certainly, but the trouble
is, they're not transferrable. They're not something you could hand
to someone else to execute. Their value is mainly as starting points:
as questions for the people who had them to continue thinking about.

What matters is not ideas, but the people who have them. Good people
can fix bad ideas, but good ideas can't save bad people.

_______________________________________________________________________________
Don Geddis http://don.geddis.org/ don@xxxxxxxxxx
If you ever get whipped by a bullwhip, try to breathe _in_ as the whip is going
back, and _out_ as it hits your back. Or is it the other way around? Anyway,
you'll figure it out. -- Deep Thoughts, by Jack Handey [1999]
.

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