10/05/2006

Rondam Ramblings: Top ten geek business myths

some of the mistakes that people -- especially smart people -- make when they decide to try to turn their bright ideas into money. (By a venture capitalist with a sense of humor -- law)

Myth #1: A brilliant idea will make you rich.

Reality: A brilliant idea is neither necessary nor sufficient for a successful business, although all else being equal it can't hurt. Microsoft is probably the canonical example of a successful business, and it has never had a single brilliant idea in its entire history. (To the contrary, Microsoft has achieved success largely by seeking out and destroying other people's brilliant ideas.)

Myth #2: If you build it they will come.

Myth #3: Someone will steal your idea if you don't protect it.

Reality: No one gives a damn about your idea until you actually succeed and by then it's too late.

Go read!


Rondam Ramblings: Top ten geek business myths

2 Comments:

Anonymous Peter Mucha said...

What are the other 7?

How about: If it's good, the cosmos will want it to succeed. ... All you need is one really good idea ... Oh, this is especially true: I don't have to work out the bugs, because some smart editor / investor / agent / manufacturer will do that for me. ... It has that ineffable illogic like other great ideas (it's baffling so it must be good) ... the robots are taking over soon, so why bother?

10/09/2006 07:40:00 PM  
Anonymous Peter Mucha said...

Oops. Shudda clicked on the link to the post with the other 7 myths.

10/09/2006 07:42:00 PM  

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