How much an idea worth?
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How much does your idea worth? There are persons that think a good idea worth millions of dollars, but there are other that think that it doesn't matter how good an idea is, it doesn't worth a penny! Well, I don't like neither approaches, I prefer Derek Sivers one's that I explain in this presentation. You can see more in my blog: http://startupbizmodel.com (in portugueses)
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How much an idea worth?
- 1. How much does your idea worth?! Thiago Paiva! ! Blog: http://startupbizmodel.com! Twitter: @ThiagoPaiva!
- 2. So, how much does an idea worth?! • Some people thing good ideas worth millions of dollars and others that idea are worthless, that what really worth is execu8on. • I don’t share neither one of this visions, I like one that was introduce by Derek Sivers at O’Reilly blog’s, that says that ideas are mul8pliers and execu8on that has some intrinsic value.
- 3. After all, give some numbers!! Idea Execu8on Company Mu8plier Value Value IDEA MULTIPLIER EXECUTION VALUE Awful = -1 No Execution = $1 Weak = 1 Weak Execution = $1000 So-so = 5 So-so Execution = $10,000 Good = 10 Good Execution = $100,000 Great = 15 Great Execution = $1,000,000 Brilliant = 20 Brilliant Execution = $10,000,000 SOURCE: hFp://www.oreillynet.com/onlamp/blog/2005/08/ideas_are_just_a_mul8plier_of.html
- 4. Conclusion:! • As you can see, ideas are mul8pliers of your execu8on. • Awesome execu8on of poor ideas s8ll worth a lot. • Brilliant ideas with poor or no execu8on worth almost nothing. • Your idea will change during the execu8on, so focus in execu8ng it and in adap8ng it to market.