Page 23 - The 7 Day Startup: You Don’t Learn Until You Launch - PDFDrive.com
P. 23
Idea
Another popular maxim in entrepreneurial circles is, “Ideas don’t matter, only
execution matters.”
That advice is well-intentioned, but wrong.
Take a look at the trending startups on Angel List, the companies getting funded
through Crunchbase, or think about your successful entrepreneurial friends.
They are all working on something that has some sort of unique quality to it. It
might not be the next iPhone, but it is an idea that has successfully captured
enough attention to take off.
Your idea is important and I dedicate a fair amount of time to it on Day 1.
The problem is, it’s only one part of three elements required to successfully get a
startup off the ground. It’s where wantrepreneurs spend 100% of their time.
They can talk ‘till they are blue in the face about their idea, but when it comes to
the other elements, they fall flat.
We will spend one day on your idea, you will choose the best one, and then we’ll
move on.
