How to Pick Startup Idea

Re:How to Pick Startup Idea by geraldfong on Thursday February 16, 2012 @04:08AM (#3597940)

I agree very much with the idea of "improving on something that already exists". I hate it when you tell someone an idea, and they rule it out because "it already exists". There is always a better way to execute on the same idea.

However, I am not a fan of "Has business model other than advertising". Although it is something to have in the back of your mind, it is hard to say what the product/idea will evolve into when it actually becomes something that can be profitable.

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Re:How to Pick Startup Idea by Ecio78 on Thursday February 16, 2012 @05:30AM (#3598094)

I think a careful evaluation should be spent in finding the right balance between "General enough, so you can find users" (as advised in the article) and "if you're a solo entrepreneur find a niche so you have less competition, expecially from big names" (paraphrasing Rob Walling, Tim Ferris and others)

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