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Re:Ideas are Worthless, Execution is Priceless by kenjackson on Thursday July 22, 2010 @07:00PM (#1539815)
If ideas had more intrinsic value, there'd probably be a market for ideas. But really there is none. Almost no one is willing to pay you for an idea.

The closest we come to such a market is the patent market. But again here, it is virtually never the case that a company buys another company to actually implement its ideas. When was the last time you heard that a patent troll was bought in order to create a product? Never (or rarely).

Re:Ideas are Worthless, Execution is Priceless by andrewljohnson on Thursday July 22, 2010 @07:20PM (#1539862)
I disagree. I don't consider "ideas" to be elevator pitches about projects. I consider "ideas" to be fundamental insights about markets or software or technology, and there is a huge market for this, whether that's consulting or a product business or a hybrid.

Just because people don't get paid to glibly shoot their mouthes off (usually), doesn't mean there is no meaningful market for ideas.

Re:Ideas are Worthless, Execution is Priceless by kenjackson on Thursday July 22, 2010 @08:22PM (#1539987)
People I know in consulting don't get paid for their ideas. They get paid for their results and their experience in tackling certain types of problems.

Fundamentally, the ideas don't stand on their own. Their backed by a name institution that delivers results on the ideas.

Ideas are nice, but they're a dime a dozen.

Re:Ideas are Worthless, Execution is Priceless by ramy_d on Thursday July 22, 2010 @07:23PM (#1539868)
think tanks.
Re:Ideas are Worthless, Execution is Priceless by kenjackson on Thursday July 22, 2010 @08:25PM (#1539997)
Having worked at a think tank, think tanks don't get paid for their ideas. At least not in the way we're discussing them. They get paid for doing research and folding this reseach into policy.

Let me put it another way. The recommendations that a think tank comes up with isn't worth the paper it's printed on without the weeks/months of backup research that shows how the recommendations came about. That's what is being paid for, not the idea/recommendation.

Re:Ideas are Worthless, Execution is Priceless by derefr on Thursday July 22, 2010 @08:45PM (#1540032)
But that's what we're talking about here, I believe. As with anything, there are both good and bad ideas. Think tanks are paid to come up with good ideas; since ideas are a market for lemons (asymmetric information about their worth), the thinktank then signals that the ideas are good by providing accompanying research. The thinktank could just tell you their ideas and keep the research to themselves, but you probably wouldn't believe them.

Now, since 90% of the output of all cretative processes is crap, and that includes ideas; and since ideas experience network effects where the best ideas will gain supporters who will exponentially increase the "execution" multiplier for the idea, while the long tail of ideas will never get executed on at all; it becomes pretty obvious that the median idea won't have any market value whatsoever. Talking about "ideas" as if they all had the same worth will then lead you to believe that, since the median idea isn't worth much, no idea can be.

Re:Ideas are Worthless, Execution is Priceless by kenjackson on Friday July 23, 2010 @12:52AM (#1540396)
But the think tanks don't get paid for their ideas. And frankly think tanks are a bad example, since they really generate original ideas per se. But usually offer recommendations that are within the realm of what is commonly known in the field, but what's not clear is what is the best solution, e.g., what's the best way to do spectrum auctions.

So in these examples there's usually a handful of ways to handle it. Think tanks will often build models, go through the literature, and recommend a way of doing it. The value isn't in just the recommendation. You can find five other think tanks that will point to five other ways of doing it. The value is in their research.

To bring it back to HN. Here's an idea I have. Wouldn't it be cool to be able to teleport from point A to point B? How much do you want to pay me for the idea? Probably not much. But what if I had done a whole bunch of research in physics that gave a foundation for how it could be done, and built a device that could teleport a particle from A to a random location (so not location B). All of sudden the "idea" looks like it might be worth something. But you're really not buying the idea. You're buying all of the work that comes after the idea. It's not a bad idea, but it's not worth much without a whole lot of work.