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Ideas Matter

k9.vc

11–20 of 48 posts

Re: Ideas Matter

#11
I typically agree with 99% of Manu's words of wisdom, but for this post in particular I have concerns that it could be misleading for some entrepreneurs.

It is understandable from Manu's or other experienced entrepreneur's perspective, ideas are important. I don't deny that. That is because they have been through startups over and over again, these people understand the work that goes into the company months/years post-idea-conception.

I would say a good portion of the people who are reading this site won't fall into that category. As a matter of fact, very few people do. Most of us are just budding entrepreneurs trying to our feet wet and trying to find our way to "make it".

If you feel you fall into the latter category more than the former, read Manu's post with a grain of salt, it's _not_ really meant for you.

I'd argue (with my limited knowledge) that it's more important for young entrepreneurs to know that ideas are a dime a dozen. By the time you come up with it, 10 other people have thought of it as well. What separates great ideas from good ideas is that you have a clear competitive advantage that can allow you to out-execute those other 10 people. This competitive advantage can be your passion, skill set, domain knowledge, connections, etc.

So if I have to sum it up, and to modify Manu's post to fit the eyes of the budding entrepreneurs:

  It's not the idea that matters, it's the people + the idea that matters.

- my 2c

Re: Ideas Matter

#12
post #2

The main reason I (and others) say "Ideas Don't Matter" is because there is an abundance of ideas. Too many people have too many ideas, and everyone thinks their ideas are great. This Silicon Valley 'mantra' (in my opinion) is valid in order to teach people the importance of execution.

Just because there are a lot of ideas doesn't mean that they are all on the same level. There is such a thing as a good idea.

Re: Ideas Matter

#13
an idea is just an hypothesis, you need to prove it, if it doesn't work you need to be able to change it and tweak it until it works. Give the same idea to 50 people, only one will execute it well.

Re: Ideas Matter

#14
People are too quick to create a dichotomy between Idea and Execution. A good idea isn't static; it unfolds and evolves over time. A powerful idea, well executed, leads to more powerful ideas and, in turn, better execution.

When we stop thinking of ideas solely as the germinal stage of startups, and we expand our conception of them into something resembling a wave of constant, innovative inspiration, then we get to the heart of what a good idea really is.

Re: Ideas Matter

#15
Actions should (and do) speak loudest.

For example, many here believe the future of Microsoft's consumer business is in trouble.

I'm sure many have great ideas as to how to fix it.

I even bet there are several senior people inside Microsoft who have great ideas as to how to fix it.

But none of that really matters. Because the stuff that's getting shipped sucks.

Re: Ideas Matter

#17
This is rather an attack on a strawman. No one thinks that ideas don't matter at all. Obviously you have to have a good one at some point.

When people say that execution matters more than the idea in a startup, what they're really saying is something fairly complicated: that you need both a good idea and good execution, but that (1) since good execution is rarer, you should worry more about that, and (2) good execution will tend to fix bad ideas, because if you pay attention to users and iterate fast, you will in the worst case end up with a good idea by successive approximations.

Re: Ideas Matter

#18
You could think of it this way: Execution helps a bad idea exist and grow by hacking on it until all you're left with is a good idea... Ideas, whether good or bad, create the drive or motivation to start.

Re: Ideas Matter

#19
post #16
post #5

A great team will eventually arrive at the right idea.

Do you think the Segway creators were merely a good team then?

Judged by their results, yes. They were good at building things but didn't pay enough attention to people.

Re: Ideas Matter

#20
I don't think anyone said ideas don't matter, it's just an idea isn't something unique you can leverage. Two people can have the same idea and when all things are equal, it's the execution that really matters. Look at Myspace vs Facebook, Zune vs iPod, Yahoo vs Google.
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