Ideas are cheap!

Ideas are cheap
  • Everyone has a million ideas
  • Few know how to turn the idea into a successful product or service
  • Discussion: What is your definition of ‘successful?’
  • 90/10 Rule
  • Don’t be so secretive!
  • (Almost) always gain more from sharing your idea and getting feedback
  • vs. keeping it secret for imagined competitive advantage
  • If your idea is so simple that a 10 minute description is enough to allow someone else to beat you…. then your idea wasn’t really worth that much anyway!
  • Inventor who gave his idea away