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Look for societal, business or technology change. That is where NEW opportunity lies. Also, copy the best new ideas you see on hacker news, it’s far from guaranteed that the inventor is able to win the market, steal it.
Let someone else burn money educating users and building a market.
Tuck in behind them and then zoom past when they’ve exhausted themselves.
Cruel - but it works.
Some workplaces actually ask for new ideas in special must to attend meetings. But an idea is worthless as long as it's not implemented. That's why you can find free online resources sharing, for example, "70 Small Business Ideas to Start in 2025"
Earlier quoted context omitted.
Steal away, ideas are cheap. Execution and distribution are the only two things that matter.
The Winklevii might disagree. The concept that execution matters, ideas don’t, is complete rubbish. If it was true, then you’d make a fortune executing extremely well on selling bags of dog poo. Ideas are absolutely crucial. Without a good idea you can execute away forever and get nowhere. And you’ll need a really great idea to make it huge. Sure you also need luck timing hard work execution but none of that is worth…
Some workplaces actually ask for new ideas in special must to attend meetings. But an idea is worthless as long as it's not implemented. That's why you can find free online resources sharing, for example, "70 Small Business Ideas to Start in 2025"
Suddenly my mind has gone blank…
Every time I've joined a new company, or been exposed to a new sector, I've almost immediately found some startup potential just sitting around. The more boring and entrenched the sector is, the more you find.
As a consumer, you are rarely exposed to the B2B world, or the inner workings of things. You are almost certainty limited to seeing things through consumer eyes, and thus it is easy to focus too much on the very saturated products / services.
Look for societal, business or technology change. That is where NEW opportunity lies. Also, copy the best new ideas you see on hacker news, it’s far from guaranteed that the inventor is able to win the market, steal it.
Being a fast follower is very good approach. Let someone else burn money educating users and building a market. Tuck in behind them and then zoom past when they’ve exhausted themselves. Cruel - but it works.
Look for societal, business or technology change. That is where NEW opportunity lies. Also, copy the best new ideas you see on hacker news, it’s far from guaranteed that the inventor is able to win the market, steal it.
Good example of using ad hominem to discredit others in favour of your approach. Examples: - "The academic who hasn’t built anything, yet feels comfortable telling you to use their complicated startup framework to find and validate ideas." Presumably a dig at lean startup. - "A market need? An underserved niche? Demand? WTF do these things even mean?" Come on, these aren't that hard to define.
"We are looking for a person who has an unavoidable priority, where their current options are insufficient or unworkable. This person would be weird not to buy our product." So in other words, a market need or underserved niche.
They are desperate usually because it is a problem that affects their bottom line, prevents them completing a project at work, wastes an enormous amount of their time when doing something important to them, etc.
It must be a solution that, even when distilled to its very core, provides clear value to specific people you can identify. Just lighting on a vague market need or undeserved niche is not enough.
Not to say even purely passion projects can't succeed, but those are more hit-or-miss.