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Because great teams seemed more important than great ideas, YC tried funding teams without ideas, but it didn't work.

Because great teams seemed more important than great ideas, YC tried funding teams without ideas, but it didn't work. Market research is deadly, because that's what big companies do. If there's an objectively verifiable opportunity, they are already on it. This is what's so interesting about Christensen's "disruption" - part of the definition is that the opportunity is not appealing to incumbents. It's too small, not wanted by existing customers, etc. So perhaps the key thing missing from "great teams without ideas" is the passion (aka craziness ) to wholeheartedly pursue something that can't be objectively verified. And then, to discover unforseeable problems and solve them; or, to pivot to a new idea, serenpiditously picked up along the way... the journey provides the destination . So... just start. "Scratch your own itch" is a good way to identify an unmet need, just something to start with. Don't consider market size etc. Also, don't commit much money to it, just your time, treat it as an experiment.

Posted by hyperpallium on Oct 31, 2017, 12:43 AM

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Because great teams seemed more important than great ideas, YC tried funding teams without ideas, but it didn't work.

hyperpalliumOct 31, 2017, 12:43 AM

Because great teams seemed more important than great ideas, YC tried funding teams without ideas, but it didn't work. Market research is deadly, because that's what big companies do. If there's an objectively verifiable opportunity, they are already on it. This is what's so interesting about Christensen's "disruption" - part of the definition is that the opportunity is not appealing to incumbents. It's too small, not wanted by existing customers, etc. So perhaps the key thing missing from "great teams without ideas" is the passion (aka craziness ) to wholeheartedly pursue something that can't be objectively verified. And then, to discover unforseeable problems and solve them; or, to pivot to a new idea, serenpiditously picked up along the way... the journey provides the destination . So... just start. "Scratch your own itch" is a good way to identify an unmet need, just something to start with. Don't consider market size etc. Also, don't commit much money to it, just your time, treat it as an experiment.

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