Date: Wed, 11 Apr 2012 15:45:43 -0700 (PDT) From: Andres Buritica <and...@thelinuxkid.com> To: lean-startup-circle@googlegroups.com Message-ID: <7436920.216.1334184343604.JavaMail.geo-discussion-forums@ynjn4> In-Reply-To: <7F5A0C59-7EF4-4AC4-BA18-4D8B7CE10524@gmail.com> References: <24055240.809.1333597023027.JavaMail.geo-discussion-forums@vbut24> <24142311.85.1333856024830.JavaMail.geo-discussion-forums@vbhy1> <CAD0dDuZy2xRB-4C9LPd+SLcy=ov+rWzrR--9pNRMyCM7O_0UhA@mail.gmail.com> <26711891.143.1334182953467.JavaMail.geo-discussion-forums@ynje10> <7F5A0C59-7EF4-4AC4-BA18-4D8B7CE10524@gmail.com> Subject: Re: [lsc] How to pick from a list of what I consider are good ideas? MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="----=_Part_214_31938019.1334184343594" ------=_Part_214_31938019.1334184343594 Content-Type: multipart/alternative; boundary="----=_Part_215_8515326.1334184343601" ------=_Part_215_8515326.1334184343601 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit Hi Rob, You make a good point and I agree that many experienced people would agree with you. One would definitely be walking a thin line here. But, balancing the two extremes well, I believe, can lead to success. I have no proof of this. I'm probably wrong. But I'm willing to give it a shot because it makes a lot of sense to me. Having said that, I would not work on too many ideas at once, maybe two or three. And, I would not work on multiple ideas for more than a few weeks. On Wednesday, April 11, 2012 3:31:48 PM UTC-7, Rob Johnson wrote: > > I don't want to say that I'm on one side of this or the other, but in > order to play a bit of devil's advocate, there are many successful > entrepreneurs that would probably refute this approach as saying that it > diverts focus too much. While it may feel "safe" to say that you're going > pursue multiple ideas simultaneously so that you will benefit if any of > them are good, I would be cautious that any truly innovative idea won't > reveal itself until after you've worked through a bit of the "pain" period > of that project. Paul Graham says that one of the biggest killers of > startups are profitable side projects - projects that actually make money > but divert attention and resources from your main focus. > > Since it does relate to this question, I recently wrote an essay on how to > generate startup ideas at > http://www.startuprob.com/23-ways-to-generate-startup-ideas/ in case > anyone is interested. > > Best, > > Rob Johnson > @startuprob > > > > > > On Apr 11, 2012, at 6:22 PM, Andres Buritica wrote: > > I LOVE this idea. I've been wondering why one should only follow one idea. > It doesn't make sense to me. I understand that you need focus but focusing > on the wrong thing for a long time is a complete waste. I completely agree > that one should start out with multiple possibilities and see how they > grow. Thank you for this. > > On Sunday, April 8, 2012 4:16:30 PM UTC-7, Michael Scepaniak wrote: >> >> These are all good suggestions. >> >> I like Dave Troy's post about what he terms "Idea Gardening": >> http://davetroy.com/posts/idea-gardening-a-primer Push a number of ideas >> ahead concurrently and see which one(s) build their own natural momentum. >> By remaining open to a number of alternative avenues, you prevent yourself >> from prematurely falling in love with one idea - that could very well be >> doomed to failure. >> >> Anyway, if after trying one or all of these suggestions, you're still >> undecided, I say pursue the idea that has the greatest chance of making a >> real, lasting, positive difference in the world. Bonus points if it's >> something that entices your users to be better people. Pinterest and Draw >> Something are great and all, but I wouldn't say they're making the world a >> better place. >> >> >> Mike... >> >> http://www.linkedin.com/in/michaelscepaniak >> http://milestoneinc.com/ >> >> >> On Sat, Apr 7, 2012 at 11:33 PM, Javid Jamae <javidja...@gmail.com>wrote: >> >>> Andres, >>> >>> I found this article pretty interesting: >>> >>> >>> http://mattmaroon.com/2012/03/01/how-to-evaluate-your-startup-idea-part-1-the-basics/ >>> >>> He pushes ideas through four groups with the following percentage >>> distributions: >>> >>> Group 1 (90%) - WTF was I thinking >>> Group 2 (9%) - Do more research >>> Group 3 (.9%) - Solid gold idea >>> Group 4 (.1%) - I'll regret it if I don't work on this >>> >>> Promotion from 1->2 is based on gut feeling. >>> >>> Promotion from 2->3 is based on a few days of market research and >>> brainstorming. >>> >>> Promotion from 3->4 is based on the following criteria: >>> 1. User Acquisition >>> 2. Revenue Model >>> 3. Competition >>> 4. Technical difficulty >>> 5. Non-developer costs >>> 6. Total addressable market >>> 7. Funding >>> >>> Of course, you will probably tweak the formula for your case, but I >>> think its a good basic set of things to look at before diving in to working >>> on an idea. >>> >>> Regards, >>> Javid >>> http://MyKidCanCode.com >>> http://fanlaunch.com >>> >>> >>> On Wednesday, April 4, 2012 10:37:03 PM UTC-5, Andres Buritica wrote: >>>> >>>> I come up with ideas for new startups pretty often. Some are good and >>>> some are not so good. But, as an entrepreneur, I see a business opportunity >>>> in almost everything. I have been working on one idea for almost a year but >>>> I'm having difficulty getting incubators on board. The feedback I've gotten >>>> from everyone is that it's too ambitious--I'm trying to aggregate and >>>> normalize all the event data on the web. And, although I've already made >>>> great progress toward solving the problem, I've started to look at other >>>> ideas I have written down. I can only measure risk to a certain extent >>>> without trying each one. Does anyone have any advice on how to approach >>>> this problem? One answer I've heard is that you should go with the one you >>>> are most passionate about. That makes sense to me. But, I'm sure it's not >>>> the only answer. >>> >>> >>> -- >>> Guidelines: http://leanstartupcircle.com/faq.html >>> Unsubscribe: lean-startup-circle+unsubscribe@googlegroups.com >>> >> >> > -- > Guidelines: http://leanstartupcircle.com/faq.html > Unsubscribe: lean-startup-circle+unsubscribe@googlegroups.com > > > ------=_Part_215_8515326.1334184343601 Content-Type: text/html; charset=utf-8 Content-Transfer-Encoding: quoted-printable Hi Rob,<div>You make a good point and I agree that many experienced people = would agree with you. One would definitely be walking a thin line here. But= , balancing the two extremes well, I believe, can lead to success. I have n= o proof of this. I'm probably wrong. But I'm willing to give it a shot beca= use it makes a lot of sense to me.</div><div>Having said that, I would not = work on too many ideas at once, maybe two or three. And, I would not work o= n multiple ideas for more than a few weeks.<br><br>On Wednesday, April 11, = 2012 3:31:48 PM UTC-7, Rob Johnson wrote:<blockquote class=3D"gmail_quote" = style=3D"margin: 0;margin-left: 0.8ex;border-left: 1px #ccc solid;padding-l= eft: 1ex;"><div style=3D"word-wrap:break-word">I don't want to say that I'm= on one side of this or the other, but in order to play a bit of devil's ad= vocate, there are many successful entrepreneurs that would probably refute = this approach as saying that it diverts focus too much. While it may = feel "safe" to say that you're going pursue multiple ideas simultaneously s= o that you will benefit if any of them are good, I would be cautious that a= ny truly innovative idea won't reveal itself until after you've worked thro= ugh a bit of the "pain" period of that project. Paul Graham says that= one of the biggest killers of startups are profitable side projects - proj= ects that actually make money but divert attention and resources from your = main focus. <div><div><br></div><div>Since it does relate to this ques= tion, I recently wrote an essay on how to generate startup ideas at <a= href=3D"http://www.startuprob.com/23-ways-to-generate-startup-ideas/" targ= et=3D"_blank">http://www.startuprob.com/<wbr>23-ways-to-generate-startup-<w= br>ideas/</a> in case anyone is interested.</div><div><br></div><div>Best,<= /div><div><br><div> <span style=3D"border-collapse:separate;color:rgb(0,0,0);font-family:Helvet= ica;font-style:normal;font-variant:normal;font-weight:normal;letter-spacing= :normal;line-height:normal;text-align:-webkit-auto;text-indent:0px;text-tra= nsform:none;white-space:normal;word-spacing:0px;font-size:medium"><span sty= le=3D"border-collapse:separate;color:rgb(0,0,0);font-family:Helvetica;font-= style:normal;font-variant:normal;font-weight:normal;letter-spacing:normal;l= ine-height:normal;text-align:-webkit-auto;text-indent:0px;text-transform:no= ne;white-space:normal;word-spacing:0px;font-size:medium"><div style=3D"word= -wrap:break-word"><span style=3D"border-collapse:separate;color:rgb(0,0,0);= font-family:Helvetica;font-style:normal;font-variant:normal;font-weight:nor= mal;letter-spacing:normal;line-height:normal;text-align:-webkit-auto;text-i= ndent:0px;text-transform:none;white-space:normal;word-spacing:0px;font-size= :medium"><div style=3D"word-wrap:break-word"><div><div>Rob Johnson</div><di= v>@startuprob</div></div><div><br></div></div></span><br></div></span><br><= /span><br> </div> <br><div><div>On Apr 11, 2012, at 6:22 PM, Andres Buritica wrote:</div><br>= <blockquote type=3D"cite">I LOVE this idea. I've been wondering why one sho= uld only follow one idea. It doesn't make sense to me. I understand that yo= u need focus but focusing on the wrong thing for a long time is a complete = waste. I completely agree that one should start out with multiple possibili= ties and see how they grow. Thank you for this.<br><br>On Sunday, April 8, = 2012 4:16:30 PM UTC-7, Michael Scepaniak wrote:<blockquote class=3D"gmail_q= uote" style=3D"margin:0;margin-left:0.8ex;border-left:1px #ccc solid;paddin= g-left:1ex">These are all good suggestions. <br><br>I like Dave Troy's post= about what he terms "Idea Gardening": <a href=3D"http://davetroy.com/posts= /idea-gardening-a-primer" target=3D"_blank">http://davetroy.com/posts/<wbr>= idea-gardening-a-primer</a> Push a number of ideas ahead concurrently and s= ee which one(s) build their own natural momentum. By remaining open to a nu= mber of alternative avenues, you prevent yourself from prematurely falling = in love with one idea - that could very well be doomed to failure.<br> <br>Anyway, if after trying one or all of these suggestions, you're still u= ndecided, I say pursue the idea that has the greatest chance of making a re= al, lasting, positive difference in the world. Bonus points if it's somethi= ng that entices your users to be better people. Pinterest and Draw Somethin= g are great and all, but I wouldn't say they're making the world a better p= lace.<br> <br><br>Mike...<br clear=3D"all"><br><a href=3D"http://www.linkedin.com/in/= michaelscepaniak" target=3D"_blank">http://www.linkedin.com/in/<wbr>michael= scepaniak</a><br><a href=3D"http://milestoneinc.com/" target=3D"_blank">htt= p://milestoneinc.com/</a><br> <br><br><div class=3D"gmail_quote">On Sat, Apr 7, 2012 at 11:33 PM, Javid J= amae <span dir=3D"ltr"><<a href=3D"mailto:javidja...@gmail.com" target= =3D"_blank">javidja...@gmail.com</a>></span> wrote:<br><blockquote class= =3D"gmail_quote" style=3D"margin:0 0 0 .8ex;border-left:1px #ccc solid;padd= ing-left:1ex"> Andres,<div><br></div><div>I found this article pretty interesting:<div><br= ></div><div><a href=3D"http://mattmaroon.com/2012/03/01/how-to-evaluate-you= r-startup-idea-part-1-the-basics/" target=3D"_blank">http://mattmaroon.com/= 2012/03/<wbr>01/how-to-evaluate-your-<wbr>startup-idea-part-1-the-<wbr>basi= cs/</a></div> <div><br></div><div>He pushes ideas through four groups with the following = percentage distributions:</div><div><br></div><div>Group 1 (90%) - WTF was = I thinking</div><div>Group 2 (9%) - Do more research</div><div>Group 3 (.9%= ) - Solid gold idea</div> <div>Group 4 (.1%) - I'll regret it if I don't work on this</div><div><br><= /div><div>Promotion from 1->2 is based on gut feeling.</div><div><br></d= iv><div>Promotion from 2->3 is based on a few days of market research an= d brainstorming.</div> <div><br></div><div>Promotion from 3->4 is based on the following criter= ia:</div><div>1. User Acquisition</div><div>2. Revenue Model</div><div>3. C= ompetition</div><div>4. Technical difficulty</div><div>5. Non-developer cos= ts</div> <div>6. Total addressable market</div><div>7. Funding</div><div><br></div><= div>Of course, you will probably tweak the formula for your case, but I thi= nk its a good basic set of things to look at before diving in to working on= an idea.</div> <div><br></div><div>Regards,</div><div>Javid</div><div><a href=3D"http://My= KidCanCode.com/" target=3D"_blank">http://MyKidCanCode.com</a><br></div><di= v><a href=3D"http://fanlaunch.com/" target=3D"_blank">http://fanlaunch.com<= /a></div> <div><div><div><br><br>On Wednesday, April 4, 2012 10:37:03 PM UTC-5, Andre= s Buritica wrote:<blockquote class=3D"gmail_quote" style=3D"margin:0;margin= -left:0.8ex;border-left:1px #ccc solid;padding-left:1ex">I come up with ide= as for new startups pretty often. Some are good and some are not so good. B= ut, as an entrepreneur, I see a business opportunity in almost everything. = I have been working on one idea for almost a year but I'm having difficulty= getting incubators on board. The feedback I've gotten from everyone is tha= t it's too ambitious--I'm trying to aggregate and normalize all the event d= ata on the web. And, although I've already made great progress toward solvi= ng the problem, I've started to look at other ideas I have written down. I = can only measure risk to a certain extent without trying each one. Does any= one have any advice on how to approach this problem? One answer I've h= eard is that you should go with the one you are most passionate about. That= makes sense to me. But, I'm sure it's not the only answer.</blockquo= te> </div></div></div></div><div><div><div><br></div> -- <br> Guidelines: <a href=3D"http://leanstartupcircle.com/faq.html" target=3D"_bl= ank">http://leanstartupcircle.com/<wbr>faq.html</a><br> Unsubscribe: <a href=3D"mailto:lean-startup-circle%2Bunsubscribe@googlegrou= ps.com" target=3D"_blank">lean-startup-circle+<wbr>unsubscribe@googlegroups= .com</a><br> </div></div></blockquote></div><br> </blockquote><div><br></div> -- <br> Guidelines: <a href=3D"http://leanstartupcircle.com/faq.html" target=3D"_bl= ank">http://leanstartupcircle.com/<wbr>faq.html</a><br> Unsubscribe: <a href=3D"mailto:lean-startup-circle+unsubscribe@googlegroups= .com" target=3D"_blank">lean-startup-circle+<wbr>unsubscr...@googlegroups.c= om</a><br> </blockquote></div><br></div></div></div></blockquote></div> ------=_Part_215_8515326.1334184343601-- ------=_Part_214_31938019.1334184343594--
Message from discussion How to pick from a list of what I consider are good ideas?
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