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Coshx Labs is giving away $50k of development. No strings attached.

competition.coshx.com

31–37 of 37 posts

Re: Coshx Labs is giving away $50k of development. No strings attached.

#31

Clever. So they get lots of great app ideas, pick the 4th or 5th best idea as the winner, build it, and then get to work on the actual best idea submitted for themselves.

Not a bad idea, but also not in the spirit of our company or this competition. Anyone can view the ideas that are submitted, not Coshx alone. Certainly this well keep some people from submitting, but it will not keep us from helping someone launch their idea.

[deleted]

Re: Coshx Labs is giving away $50k of development. No strings attached.

#32
post #25

"We can build the technology, that is the easy part. Turning a product into a sustainable business is the challenge." Technology is 'easy' if your portfolio ( http://www.coshx.com/projects ) consists of applications such as poll management and event scheduling. In reality if you are going to build something awesome, it's not going to be easy.

You're right, if the winning idea is "build the control software for a self-driving boat that can search for a missing airplane," then the tech certainly will not be easy (and would be pretty awesome). What we were getting at with that line was that there are lots of great business ideas that can be prototyped without solving monumental technical challenges, and having a solid prototype isn't enough for a startup to succeed - it's only the beginning.

Re: Coshx Labs is giving away $50k of development. No strings attached.

#33
post #29
post #17

Earlier quoted context omitted.

Here's the question I always ask when the idea vs. execution debate comes up: Can you give me one single example of someone having sold an idea for a sizeable amount of money? I haven't heard any good answers yet.

Better yet - if ideas themselves had value, there would be a marketplace for them. Note - There currently is no marketplace for ideas that I know of.

Sure there is – hiring an advising consultant. You ask him for advice on improving your accounting, or improving teamwork, or analyzing a certain market. Then the consultant examines the situation and tells you his ideas and his advice for implementing them.

You can’t buy individual ideas because it is hard to distinguish between good and bad ideas to buy without hearing the idea itself (which would make the idea unnecessary to buy). The best method for deciding what idea to buy is who thought of it and what their qualifications are. And if you are going to buy ideas based on who makes them, you might as well just hire the person themself (as an employee or a consultant) – it would be more efficient, and the law makes those kind of relationships the most convenient.

Re: Coshx Labs is giving away $50k of development. No strings attached.

#34
post #7

Clever. So they get lots of great app ideas, pick the 4th or 5th best idea as the winner, build it, and then get to work on the actual best idea submitted for themselves.

ideas have very little value. what really matters is the execution team.

Having the right idea at the right time is one of the main differences between billionaire programmers and 9-5 salaried programmers.

Re: Coshx Labs is giving away $50k of development. No strings attached.

#35
This sort of contest announcement is not really Hacker News material, even though it is an appeal to the HN demographic. The trouble is that such posts are not themselves intellectually interesting. If something cool gets built as a result, that would be interesting, and well worth posting here.

Re: Coshx Labs is giving away $50k of development. No strings attached.

#36
post #29
post #17

Earlier quoted context omitted.

Here's the question I always ask when the idea vs. execution debate comes up: Can you give me one single example of someone having sold an idea for a sizeable amount of money? I haven't heard any good answers yet.

Better yet - if ideas themselves had value, there would be a marketplace for them. Note - There currently is no marketplace for ideas that I know of.

> There currently is no marketplace for ideas that I know of.

Have you heard of Venture Capital?

Re: Coshx Labs is giving away $50k of development. No strings attached.

#37
post #36
post #29

Earlier quoted context omitted.

Better yet - if ideas themselves had value, there would be a marketplace for them. Note - There currently is no marketplace for ideas that I know of.

> There currently is no marketplace for ideas that I know of. Have you heard of Venture Capital?

Actually, I have. Venture Capital is financial capital used to fuel early stage or high risk business startups.
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