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Ask HN: We have a great team and capital but can't find a good idea

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Re: Ask HN: We have a great team and capital but can't find a good idea

#12
The problem is you're looking for easy stuff to do. Here's four ideas I just thought of:

1) Write software that uses machine learning to search for tornados in doppler radar signal returns 2) Write software that manages inpatient health care, orders, prescriptions, labs, etc 3) Write software that uses machine learning to route network packets faster 4) Use machine learning to control an engine's ECU to maximize fuel economy or power via valve timing, spark degrees/timing, fuel/air mixture, injection timing, compression ratio, etc

Re: Ask HN: We have a great team and capital but can't find a good idea

#14
Try a two-step process here.

1. Passion - what area excites the team the most? Health, AI, FinTech, Hardware? You are going to spend a few years building a brand, company, and product. The more connection you have to it the better.

2. Network! Be inclusive. You are basically saying you can build at scale quickly. Ideas come easily from interaction. Plan the next 30 days to scour every event you can and go. Listen, don't build. See what pops for the team. Iterate from there until something bubbles up.

Re: Ask HN: We have a great team and capital but can't find a good idea

#15
An open problem that's "sexy" but may be intractable is that of fact checking.

Can you determine which articles in a corpus of news, or other documents, agree/disagree with one another? Can you cluster and sub-cluster along statements of fact being made? Can you then trace a statement of fact back to it's "original source" based on when that entry was acquired?

There's a lot of opportunity in that space...

Re: Ask HN: We have a great team and capital but can't find a good idea

#18
And there I thought that the ideas were the easy part :-)

Frankly I'm not sure you can succeed if you're just a mercenary (not trying to insult you).

To me it seems you're approaching the problem the wrong way : it shouldn't be about doing like everybody else or trying to be successful just because you think it will make you feel good but it should be about releasing this f* idea that is nagging you since years and that nobody can do better than you.

I have one of those ideas since 2007. One day ... ;-)

Re: Ask HN: We have a great team and capital but can't find a good idea

#19
The few product ideas we came up with following the above process we dropped, often because we discovered that that space is ultra crowded or commooditized.

GoDaddy founder Bob Parsons once said something like (paraphrased slightly) "never be scared to enter a crowded market. Just be better than everybody else". Something to think about.

Beyond that, consider that your product is not the only dimension on which you compete. That is, there are other ways to compete besides having the best product. As we all know, the best product doesn't always win.

I'd recommend reading The Discipline of Market Leaders by Fred Wiersema and Michael Treacy, as well as Mastering The Complex Sale, The Prime Solution and Exceptional Selling, all by Jeff Thull. These books deal a lot with how to compete and sell and differentiate yourself... even when selling a seemingly low-value commodity like sand. Another valuable book is Differentiate or Die by Jack Trout and Steve Rivkin.

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