I would argue that Magic Leap is not super successful. They have raised tons of money in the private market but much of it seems to have been smoke and mirrors (similar to e.g. Theranos).
Could you point me to a super successful public company with a proven track record, high revenues, rising stock price, etc. that is focused around a bad idea?
Re:Billion Dollar Startup Ideas [video]
by aaron695 on Monday November 16, 2020 @04:15PM
(#25117077)
Medical equipment and software. It's over engineered. It needs to break more.
But you could just say the idea is playing to medical regulation and a dumb public.
So the answer is any company that pivots. ie. Youtube - https://www.entrepreneur.com/article/308975
OT:
Scott Adams tried to sell an idea - https://www.scottadamssays.com/2012/10/01/selling-an-idea/
Read it and follow it up how he went. It might interest you.
Re:Billion Dollar Startup Ideas [video]
by pontus on Thursday November 26, 2020 @10:53AM
(#25221029)
If anything, I think the example of medical equipment sounds more like a good idea with poor execution.
Also, giving examples of good ideas without good execution that failed (e.g. your point about cryptocurrency) does not actually show that ideas don't matter, they show that ideas are not sufficient, something I completely agree with.
No
> a super successful company based on a bad idea.
Magic Leap
Super successful companies based on nothing ideas are a dime a dozen. Almost all sites.
- Amazon, it sells things. It's execution was cutting edge.
- Rocket-internet is a great example - https://www.businessinsider.com.au/rocket-internet-companies...
Even the great mathematical ideas were execution. Working out how to create protocols is execution.
Lots of drunk discussions about internet currencies in the 2000's but no one implemented the mathematics -
Satoshi Nakamoto also released bitcoin software on Sourceforge.
Bram Cohen created torrent protocol and also release the software and filled it with porn.