It looks like I am going to get an opportunity to revisit the valuation of ideas.
I’m preparing an interview with a guy who blogged (jokingly) about buying new innovative ideas for $0.02 a piece (his “two cents”). Soon he started receiving offers from around the world from wanna-be entrepreneurs hoping to cash in on their business concepts (from revolutionary golf tees to a system to locate kidnapped people). Many missed the part about the 2 cents and hoped to get many times that. The other part they missed is that the real value of their ideas lied in finding a way to execute on the idea, rather than selling it.
It should be fun. I will be interested to see how my perspective may have been influenced by trying to raise money for statzen.
