How To Tell If You Have A Great Idea
"Somehow, a bunch of entrepreneurs got it into their heads that good ideas go unfunded. It’s just not true. Because part of what makes something a good idea is the fact that the founder can convey that it’s a good idea. And in the world of funding, there are rules about how one conveys a good idea. You need an addressable market. You need to solve a problem for that market. There needs to be a way to make money. A lot of it. And there needs to be a barrier to entry."
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"If you ask one person for help, and it’s a good idea, you’ll get the name of someone who can help you. If you don’t have a good idea, you don’t get help."
How to Tell if You Have a Great Idea | Inc.com
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this is the one that always throws me off... twitter... facebook when it got started, among others... no clear way to make money, and yet got a lot of funding.Originally Posted by Rickson9
Good article, thanks for sharing.
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But how much start-up revenue did they get? As for Facebook, I would have to guess very little since Zuckerberg owns a large portion of it STILL.
Great article! Now I can understand why I didn't get picked in the business plan competition lol
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