Wow, what a stunningly helpful service, especially since Patrick seems to make use of Twitter threads more often than a lot of my other followers. Thanks for introducing that page/app to me
> Salaries in the tech industry are up a lot in the last few years
This is an impression i have perceived more than experienced the last few years. Does someone have some research on the topic, specifically outside of the parallel payscale universe that is the valley? For instance: what is a reasonable expectation for salary levels once you hit 30 with 7+ years of startup strategy and coding experience?
Disagree on the view that ideas are not valuable. its a common clique that people assume is true.
Ideas that are not well researched are worth little. But ideas that are scrutinized and based on months of customer interviews and market research are extremely valuable.
But we can argue that this research is already part of the execution... the semantics of the idea/execution meme seem quite blurry IMHO, and lend themselves good mostly just to writing Medium posts.
A more charitable example of a valueless idea would be my idea of a jewelery company that takes you through the process of forging your own engagement or wedding rings. For something that sentimental, I think there's a lot of people who would appreciate being able to say they did more than just drop down a few thousand dollars on a jewelery store counter.
But, making goldsmithing accessable to the general public would probably be a very difficult business to start even for someone experienced. How do you cheaply train up random people to get good results? Maybe with the right equipment and expert guidance, people could do it. However, the research and design that would go into putting that workshop and program together would have to be pretty extensive.
Hence, as good as an idea as I think it is, it's valueless without a detailed plan and some actual validation.
You just described one of the first steps in the execution of an idea. The idea itself is still worthless, but the research into that idea can be of great value.
Better example: Idea 1 is a food delivery platform like JustEat. Idea 2 is umbrellas for cats. Both in a market where both are not present yet.
Food delivery does work and is quite straight forward, you can not really mess that up. Umbrellas for cats will fail, no matter how great you execute.
