All #AskJason: How do I sell my idea to a successful startup? | Summary and Q&A

TL;DR

You cannot successfully sell your ideas to established startups as they prioritize execution over ideas.

Key Insights

• 🌍 Ideas are not as valuable as execution in the startup world.
• 🤔 Thinking that your ideas are unique and valuable is a common mistake.
• 💡 There is no marketplace for selling ideas.
• 👋 Developing execution skills and starting your own company is the best approach.
• 🧌 Becoming a patent troll is a possibility, but it is a costly and uncertain path.
• 🔨 Meeting efficiency can be improved with tools like GoToMeeting.
• ❓ GoToMeeting is a reliable and efficient product for virtual meetings.

Transcript

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Questions & Answers

Q: Can I sell my idea to an established or successful startup?

No, you cannot. Established startups prioritize execution over ideas, and there is no marketplace for selling ideas.

Q: Are my ideas unique and valuable?

Most likely not. Ideas such as "Uber for this" or "Facebook for that" are not unique and are overvalued.

Q: What should I do if I cannot sell my ideas?

Focus on developing your execution skills and starting your own company. Ideas are worthless without the ability to execute them.

Q: Is there any exception to selling ideas?

The only exception may be becoming a patent troll, but this lifestyle is expensive and is facing patent reform.

Summary & Key Takeaways

• Many individuals overvalue their ideas and believe they can sell them to successful startups, but this is not realistic.

• Ideas are not unique and there is no marketplace for selling ideas.

• Execution is more valuable than ideas, and if you cannot execute, your ideas are worthless.