"Great minds discuss ideas, average minds discuss events, and little minds discuss people."
For last one year perhaps the only constructive work I was doing was simply thinking about ideas...And very late we started to compile them and was surprised to see that it was well over 26 (well , it started with Plan A, then Plan B and so on and I stopped writing down when it hit plan Z )
Now we are left with a hard task of choosing one ... and in a situation when you do not know what will work and what will not ...
One way Indian startups chose an Idea is by looking at what have worked in US , and shamelessly trying to clone it here ...some will work in India and some will not (It took 15 or so years for India to get an amazon equivalent ) and in that direction , my list contained some Ideas which read like 'xyz clone for India' ..
And some ideas are mere improvements of something existing ..say you use a particular service and feel that it sucks and think that it could be made way better ....such improvement ideas are quite compelling , because you know the business model and have a clue about the numbers ...but the competition simply scare you...and you doubt whether the value addition which you try to bring on to the table really differentiate you.
Some are pretty conservative ideas (read Consulting ideas , say something like to be a miniscule Infosys)...
And there are a very few ideas (infact just 2) which I consider as 'real gems' ...which are something purely new ..but coincidentally the risk associated with them is way high ...you never know whether it will work or not , you do not have any precedents in it and you know that probably they have a 99% chance of failure....but still you are attracted to it , becoz it's your baby ...at times theses ideas seem quite foolish ...but they say "Stay Hungry, Stay Foolish" ...
For last one year perhaps the only constructive work I was doing was simply thinking about ideas...And very late we started to compile them and was surprised to see that it was well over 26 (well , it started with Plan A, then Plan B and so on and I stopped writing down when it hit plan Z )
Now we are left with a hard task of choosing one ... and in a situation when you do not know what will work and what will not ...
One way Indian startups chose an Idea is by looking at what have worked in US , and shamelessly trying to clone it here ...some will work in India and some will not (It took 15 or so years for India to get an amazon equivalent ) and in that direction , my list contained some Ideas which read like 'xyz clone for India' ..
And some ideas are mere improvements of something existing ..say you use a particular service and feel that it sucks and think that it could be made way better ....such improvement ideas are quite compelling , because you know the business model and have a clue about the numbers ...but the competition simply scare you...and you doubt whether the value addition which you try to bring on to the table really differentiate you.
Some are pretty conservative ideas (read Consulting ideas , say something like to be a miniscule Infosys)...
And there are a very few ideas (infact just 2) which I consider as 'real gems' ...which are something purely new ..but coincidentally the risk associated with them is way high ...you never know whether it will work or not , you do not have any precedents in it and you know that probably they have a 99% chance of failure....but still you are attracted to it , becoz it's your baby ...at times theses ideas seem quite foolish ...but they say "Stay Hungry, Stay Foolish" ...
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