On Mon, Oct 13, 2008 at 4:51 PM, Mike Cannon-Brookes <[EMAIL PROTECTED]> wrote:
>
> Mate - again, I agree with most of the below, I think you're just
> angling at the wrong things.
>
> I've been around the world (a lot) and spend a lot of time in the Valley.
>
> Yes, there are people here with ideas - sure. And some of them are
> good. Sadly, quite a few are crap and there just aren't enough ideas.
> Ideas are cheap. They're universal. They're just a lot more plentiful
> in the US, _because_ of the people and the environment.

Wouldn't this be a good reason to have the entrepreneurs, especially
the "bad" ones, talk more to their potential investors? The goal of
these conversations would be for the entrepreneurs to think more like
the investors. That way the ideas get better more quickly.

I'm guessing the way things go now is a bit like this:
* startup has idea
* startup works on prototype and buisness plan
* startup pitches idea (whether formally or informally)
* idea gets rejected
* repeat

If that's true, then it sounds a bit slow. It would nice if "bad"
ideas get rejected at the ideation phase. For that you need to
(hopeless, wannabee, potential and experienced) entrepreneurs to chat
with investors, a lot.

Sjors

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