Friday, June 20, 2008

about idea investing

Via VentureHacks

Ideas need not apply

Posted: 19 Jun 2008 12:34 PM CDT

There were a lot of good comments on yesterday's Do you know any idea investors? post. Here's a few of them.

Michael Staton says:

"I'd say if you can't bother to build it yourself, get potential customers lined up, build revenue on an easier offshoot, or convince someone else to build it in their spare time, then you should reevaluate whether you are an entrepreneur."

Luca says:

"The idea is the easy part. If you are a first-time entrepreneur, try scaling down your concept to something whose value you can prove with friends & family money, then go to professional investors. If your idea does not lend itself to such an approach, try your hand first with something you can bootstrap."

Ben says:

"An idea has a dollar value of $0. If you don't believe in the idea enough to commit your cash/sweat equity to build it or a version of it to show it can work, why should friends, fools and family?"

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