Recently an entrepreneur was walking by in the hall and asked if I’d listen to the latest idea he was working on. Sure, I said, and we talked for a few minutes. Upon asking me if I liked the idea, I immediately thought on Fred Wilson’s tweetstorm and said that it doesn’t matter if I think it’s a good idea because they’re investing their time in it and I’m not. Finding out what the market and potential customers think is much better than what some entrepreneur thinks.
Here’s the end of the tweetstorm:
The next time an entrepreneur asks if their idea is good, tell them what matters is that they think it’s good as they’ll be spending time on it. Entrepreneurship starts with believing in oneself as a prerequisite to getting others to believe.
What else? What are some other thoughts on asking if a startup idea is good?