what you are doing is not unique (and your idea is worth nothing)
Awful idea = -1
Weak idea = 1
So-so idea = 5
Good idea = 10
Great idea = 15
Brilliant idea = 20
No execution = $1
Weak execution = $1000
So-so execution = $10,000
Good execution = $100,000
Great execution = $1,000,000
Brilliant execution = $10,000,000
Since I don’t know how to import a spreadsheet in tumblr, I have copied the above variables which can be multiplied to determine the value of any idea. I first saw this on another local startup blog and recently realized how accurate it was. Some colleagues of mine have been working on a native handset application and web portal to simplify searching the web from a cell phone with fewer clicks. I recently stumbledupon an app located at taptu.com that was on to something similar (though lacking in many respects), but had taken the initiative and executed on it. What is the relative worth of the two competing apps? On the one hand, the local idea is probably better, but has not been launched, let alone even coded or tested, while on the other hand, taptu has launched and is already revenue generating. Let’s say the local idea (we’ll call it 2taps) is a brilliant idea but has not yet been executed. Based on the above formula, 2taps would be worth a mere $20, while taptu, a good idea with so-so execution, could be worth as much as $100,000 or more if they can better execute it. I read a WSJ article today written by a VC who tosses any business plan that says an idea is revolutionary or has no competition. With cheaper access to resources (information, financial and otherwise), startups are up against competition in every city, state and country — no idea is unique and what you are doing isn’t worth anything unless you can execute on it. If you can’t execute or don’t have the time, you can now pay to have it crowdsourced for you, for a mere $99.
