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A million dollar idea... without any money
Posted: Tue Feb 20, 2007 10:46 am
by Luke
Alright, so let's say I had this million dollar idea and I know for a fact it will be huge once it's built, but I don't have the resources or the time (possibly don't have the know-how either) to build it. What can I do? This is probably sort of a stupid question (answer: you forget about it), but I'm just wondering if anybody has any other ideas than that.
Re: An million dollar idea... without any money
Posted: Tue Feb 20, 2007 11:07 am
by jayshields
The Ninja Space Goat wrote:I know for a fact it will be huge once it's built
Step 1: Get some proper evidence that it will be huge. Then either:
- Sell the idea.
- Learn to produce it yourself.
- Employ someone to produce it for you.
Posted: Tue Feb 20, 2007 11:47 am
by Kieran Huggins
Ideas are almost worthless - you're definitely not the first person to think of whatever it is you've come up with. Doing it is priceless!
Don't be afraid to talk about your ideas unless the market is only big enough for 1 person, in which case you should switch markets
Competition in a wide open field is awesome for everyone - it creates awareness.
Posted: Tue Feb 20, 2007 12:06 pm
by Burrito
you could always whip up a non-disclosure agreement and present your idea to venture capitalists or other developers and give it a go.
Posted: Tue Feb 20, 2007 12:08 pm
by Kieran Huggins
There's an old saying: would you rather have a slice of watermelon, or a whole grape?
Posted: Tue Feb 20, 2007 12:20 pm
by Luke
well I'm definitely not opposed to sharing my idea with people... but a non-disclosure would be necessary. I feel that somebody for sure has thought of this idea before because it JUST MAKES SENSE, but it's not out there yet. Not that I know of.
Posted: Tue Feb 20, 2007 12:31 pm
by TheMoose
Please tell me you didn't read my mind and take my idea? Oh great!
An NDA is the best route to sharing the idea. Maybe research some patent info so that no one can take it.
Re: An million dollar idea... without any money
Posted: Tue Feb 20, 2007 2:35 pm
by Oren
The Ninja Space Goat wrote:What can I do?
Well, you can always tell it to me

Posted: Tue Feb 20, 2007 4:14 pm
by Christopher
If you don't have the resources or the time then venture capital is the route, but if you don't have the know-how then it is hard to know how interested they will be. Ideas are worth some fraction of what someone believes they will make.
This isn't that shaving/whipped cream on the head thing is it!?! That could be huuuuuuge!!!
Posted: Tue Feb 20, 2007 4:21 pm
by Luke
you sir... ARE LUCKY YOU DID NOT SIGN A NON-DISCLOSURE!
there goes my idea... right out in the open.
Posted: Tue Feb 20, 2007 4:24 pm
by Mordred
I got, I got it, is it:
A device and method for increasing the internal temperature of water, whereby enabling the user to remove external particles from the surface of the skin and hair in a more comfortable fashion.
Or maybe:
A device and method for partitioning baked wheat products into equal-width parts.
Posted: Tue Feb 20, 2007 4:31 pm
by Luke
Mordred wrote:I got, I got it, is it:
A device and method for increasing the internal temperature of water, whereby enabling the user to remove external particles from the surface of the skin and hair in a more comfortable fashion.
Or maybe:
A device and method for partitioning baked wheat products into equal-width parts.
I'm not saying nobody else can think of it... I'm SHOCKED nobody has... but I can't find it on the internet anywhere, and the concept is freaking common sense... it's simple.
Posted: Tue Feb 20, 2007 5:14 pm
by RobertGonzalez
Write out a detailed business plan, then see if you can copyright/patent the idea. Get a NDA together and, if you really think there is merit to it, shop it out to potential investors.
Keep in mind that many investors will not look at a plan that has a NDA on it because there is a possibility that it could lead to legal action for them if someone else has already presented them with the same idea that have happened to have funded already. But it is always worth a shot.
Posted: Tue Feb 20, 2007 10:45 pm
by Kieran Huggins
Oh just PM us already!
Posted: Wed Feb 21, 2007 3:46 am
by onion2k
What is it?
Before you say "You'll steal it!!!", allow me to share Business Myth #3:
Myth #3: Someone will steal your idea if you don't protect it.
Reality: No one gives a damn about your idea until you actually succeed and by then it's too late. Even on the off chance that you do manage to stumble across someone who is as excited about your idea as you are, if they have any brains they will join you rather than try to beat you. (And if they don't have any brains then it doesn't matter what they do.)
Source:
http://rondam.blogspot.com/2006/10/top- ... myths.html