Worth of a Startup Idea

startup idea

Posted by on December 24, 2015

Startup Idea: Worth

Mark Bruns says:- "So the value of an idea is worth much less than nothing ... it's not unreasonable to suggest that people should be paid for just listening to ideas ... the value of a good, well-developed, refined idea is worth more, but still not much ... a good idea is at best only a viable seed and viable seeds are basically free unless their from valued source.  The following suggests how we might suggest valuing an idea:  let's say that there are two people, both equally smart, equally qualified ... one has a good idea (i.e. idea that he/she has developed into a good idea), the second person listens to the idea diligently, critically, in a highly alert focused state and then suggests a necessary improvement that makes the idea likely to grow into something ... it would be reasonable to suggest that two-thirds of the value in resulting improved idea belongs to the second person (one-third for listening critically and forcing the first to present a good idea, one-third for the suggested improvement) ... the value of the initial good idea is 1/3 the value of critically-reviewed and improved idea that could amount to something ... that good idea, by itself, is worth even less if the second person is actually smarter, more qualified.   That is why it is incredibly arrogant for anyone to suggest that his/her idea alone is worth anything." As per David Rose:- "As has been discussed in many answers here and elsewhere, ideas actually have surprisingly little value by themselves; it's the execution of the idea that matters." An appropriate explanation has been given by Derek Silvers through a graphic mentioned below: worth of a startup idea Mark Bruns says further:  "The supply of ideas is close to infinity.  In the normal waking state ("beta" state, high state of alertness), the human brain cycles at 15 to 38 cycles per second, each one of these cycles could represent sensory perception; most of the time we need to process a lot of sounds, sights, sounds, smells, etc ... the amount of information processed is why a physical meeting will trump any virtual meeting.  When humans enter a state of relaxed wakefulness ("alpha state"), the brain is still cycling at a high rate of 8 to 14 cycles per second, still sensing and generating thoughts but this is where learning and effective listening occurs.  To generate a full idea, humans need to reach an imaginative state ("theta" state, trance-like, creative, little or no sense of the physical body) if only for a split second.  In theta state, human brain is still cycling at 4 to 7 cycles per second ... in other words, if a person spent just 10 minutes a day in "theta state" (creative savants might spend hours there) ... that person could generate at least 2500 ideas / day ... that's something like a million ideas per year per person ... every human has far more ideas than any of us can ever use. "

Serving Investors & Entrepreneurs in: New Delhi, California, Dubai, Bangaluru, Hyderabad, Hong Kong, Singapore, Beijing, Dublin, London, New York, Canberra, Wellington, Harare, Cape Town, Kuala Lumpur, Port Luis, Mexico City, Dhaka, Oslo, Islamabad, Lima, Lisbon, Doha, Riyadh, Madrid, Seoul, Bangkok, Tokyo, Hanoi, Paris, Helsinki, Tashkent, Abu Dhabi, Rome and Ottawa