Do you feel like you are searching for your one unique idea?

T. Boone Pickens says "the first billion is the hardest." And John Nash (A Beautiful Mind) was always searching for his "original idea."

Do you feel like you are searching for this original and possibly billion dollar idea? 

27 Comments
 

Oh ok damn you almost made billions

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

I was ~11 and kept seeing those "there's an app for that" commercials. My friend told me a story about how his family was on vacation and how they met another family on their flight who offered to give them a ride. I though, damn what if you could get rides from people via an app? Nah, that would never catch on. Taxi companies would just start doing it. 

Well several years later I saw an article about how Taxi drivers are committing suicide since they can't keep up with Uber fares. Turns out getting a taxi license in NYC is extremely expensive. Now, I think Uber lets you summon NY Taxis with their app, so the exact opposite of what I thought would happen happened. Maybe not to all people, but I personally feel like, at least for my personal life, Uber is one of the most revolutionary services in my lifetime. It's something that has really changed my life as I can go anywhere in my area whenever I want without having to pre-arrange a taxi. 

Even if I was 21 and thought of the idea in a world where Uber/Lyft didn't exist, I don't think I have the entrepreneurial ability or risk tolerance to purse the idea. When my older brother was in college, he did not have this option; or at least not nearly as conveniently. 

I remember when I used an iPhone for the first time when I was in early 4th grade, it was the most magical and aw-inspiring thing I'd ever seen. I was in 4th grade in 2010? So it was the iPhone 4. Then a year later, I saw Siri and was mind-blown. I still remember being super young in elementary school back before any 8 year old had an iPhone. Absolutely crazy to think about how much technology has changed in my lifetime. I always like to think about the fact that there was less than 70 years (my grandparents are well above 70) between the time the first flight ever happened with the Wright Brothers in Kitty Hawk, NC to when Neil Armstrong stepped foot on the moon. I can't imagine what tech will be like when I'm 70; can't help but feel hella fomo regarding college kids in the year 2722 or something. Could be worse. I could have been born in 1122 or something. 

 

haha true - cheers 🍻 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

It's not a billion dollars but I figure I can scrape a few Thousand a year if it takes off. I'm not the best at monetizing things and figuring out how to make money.

 

True billion dollar ideas require genius level execution, excellent people management skills, good amount of market luck (right idea, wrong time is a thing), etc. Not looking for that.

Million dollar ideas on the other hand? Or several million? People of average intelligence and up can execute on those. That is my pursuit

 
Most Helpful

A common misconception is that successful startup founders have this pivotal idea that suddenly makes them wealthy.

Most founders actually start companies that are more like “singles/ doubles” if you want to use the baseball analogy. After they execute on those- then they hit it big with the huge scale up and growth that accumulated billions. There’s obviously exceptions to this, but it’s more common than most people realize.

And at the core of these groundbreaking ideas is something fundamental to human nature. All the social media firms are about connecting people somehow (Snapchat really started as a way to share nudes). Even WSO is just connecting a subset of humans who work in finance (or those who don’t but who like this forum anyway, like me) 

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

Yeah I know - I’ve created 4 LLCs and still am not yet a billionaire. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

Also Uber is crazy complicated to build out. They really did make groundbreaking tech for the time.

And the tech they build now is truly insane. I read their Engineering Blog weekly and there’s a lot of extremely bright people working there. 

“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
 

Hey Guys. How would I go about finding someone to develop a AI program to  recognize something as it's being recorded?

Would it be easy enough for me to figure it out on my own? [Malta] (Previously malta monkey?)  Do you have any thoughts on costs and methods of partnering up with programmers?

I'm thinking maybe I can break the problem down and train AI to spot a pixel color change on an image then move up to a moving image? Eventually I'd need to be able to do it in real time.

I would rather see if I can pay someone to do it so I can also pursue my MBA degree and my painting.

 

My MBA classmate / friend started this business, Actuate. 

https://actuate.ai

Pretty sure he is crushing it and well on his way to an eventual lucrative exit. Super, super, super nice guy who just wants to do good in the world and help people … so he started a business that basically uses live video feeds to identify people who are carrying weapons in real time.

Not sure what you’re looking to accomplish with your AI, but he has found a way to do so. He is also VC backed and well funded so a bit different situation financially.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Pretty cool

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

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“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb

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