VCs are now selling their ideas to entrepreneurs

Post by zem » Thu, Jun 30, 2011, 10:37 PM UTC

michaelpinto wrote: post #20

zem wrote: post #16

Earlier quoted context omitted.

this is why i love the idea of the model. it will supplement all the other models out there, not displace them, in much the same way as not every producer wants to drive the film in a hands-on manner. why do you hate it?

Well looking at Hollywood the mega-producers tend to gravitate to big films that are focused on box office rather than creating a great film. The producer has more insecurity than a writer/director so creativity is substituted for short cuts like a well known license or a big star in a safe film. The result is a film like Transformers -- cool eye candy, makes real money yet it's an average film. I prefer a VC model w…

yes, but there'll be other vcs and other teams to make the fun apps. this will just add to the ecosystem, and who knows, we might get some useful-if-boring and profitable software out of it.

Post by Joakal » Thu, Jun 30, 2011, 10:54 PM UTC

netmau5 wrote: post #13

Speaking of sharing ideas, I'd love to get some feedback from you guys on a recent side-project I developed at http://thesparkfoundry.com . The premise is that you sign up for various mailing lists for voting on ideas and entrepreneurs can access those lists by agreeing to build them ( http://www.sparkmuse.com/foundry/howitworks ). Highly voted ideas would then be attractive to a developer as you'd get a built-in poo…

Looks pretty interesting, even one of them had my Trust API idea I had but dropped. You have stiff competition from half bakery and several idea websites out there though.

However I see it inherently flawed like the other idea websites:

1. Visitors tend to be idea people only and not really potential customers.

2. There is no clear promotion plan either except for 'build it and they'll come'. Ideas people see very little benefit because there's no user base, there's no user base because there's little benefit (chicken and egg problem).

3. All ideas are given weight equally. If I propose a flying car, that's great, everyone wants it but no one will want to take on such a risky idea. More: http://rationalwiki.org/wiki/Balance_fallacy

Look at Kickstarter; they have their users advertising projects and acting on them after the site got some momentum.

Needs improvement and change of current priorities.

Re: VCs are now selling their ideas to entrepreneurs

Re: VCs are now selling their ideas to entrepreneurs