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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

#21
How about an e-commerce service to layer environmentally sensitive and/or humane shopping on top of traditional retailers like Wal-Mart, Whole Foods, grocery chains and Amazon?

You could sign people up for grocery/sundry subscriptions, just like Amazon, etc, and fulfill through those retailers.

Just starting with weekly groceries that omit single use plastics, by choosing glass peanut better jars and cardboard detergent boxes.

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

#22
post #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...

People care about facts that go their way and ignore the others.

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

#25
Ask yourself why you want to start the business first. Provided making money isn't the only motivator, start talking to people in the spaces that excite you and your team. Design/mock some simple concepts, show them to people, get feedback. Find pain points, offer hypothetical solutions, let the market shape your ideas/thinking. Get that feedback engine in place, and the ideas will flow.

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

#26
What is your goal to get rich or to change the world? If your goal is to get rich then just start an algo/AI hedge fund. Might have to add a couple quants, but sounds like you have the perfect initial team for it. However, if you want to change the world than you should focus on everyday life. Change the way we humans, sleep, drive, eat, fly, love, workout, etc. Focus on the simple things in life, and integrate your ideas into it. Simple things are what change lives

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

#27
Good ideas are hard ... sometimes simple and overcrowded markets yield the best results. Facebook is basically usenet with a better UI/UX (https://en.wikipedia.org/wiki/Usenet). Amazon was a book store.

What you need is something where you provide a specific solution to a real problem, something people are really willing to pay for.

Network, speak to people, ask them about their problems. What do they wish existed. And if it existed, would they pay for a solution (is it a real business).

I've got some ideas for things from recent life experiences that seem to be common. This is where the best ideas come from. When there is a real need, and those addressing it aren't doing it well, or at all. Look for that gap.

Never hesitate to connect with others either. A good conversation can spur thoughts, and this is where ideas germinate.

Remember, the idea doesn't have to be a killer. Lowering friction in a process to make it faster/easier/cheaper/better goes a long way to turning into something good (think Uber/Lyft/AirBNB), even if the business is old and commoditized.

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

#29
why would you even found a company without a idea? that makes no sense to me.

just live your life as usual, and when you encounter a problem that you can foresee solving, ask yourself: 0. would i pay someone else to solve this problem? 1. do other people have this problem as well? 2. can i make a profit by solving this problem on scale?

an obvious point but always worth mentioning: a good business proposal should be short, obvious after the fact, and uses no big words (like AI, fintech, Blockchain Technology) (at least internally)

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