10
votes
Business Idea
If you don't mind, Share some of your million dollar business idea that you could pitch to apple,nike,etc(basically where capital is not a problem)?
If you don't mind, Share some of your million dollar business idea that you could pitch to apple,nike,etc(basically where capital is not a problem)?
Setting up accounts on social networking sites to scrape entrepreneurial ideas from to pitch to angel investors.
Wait, not enough buzzwords.
Setting up AI accounts using IoT devices as microservices on the cloud to post on social networking sites to scrape entrepreneurial ideas leveraging dark data to pitch to angel investors using blockchain.
Deep learning, containers and tensor flow!
and Big Data
TensorFlow isn't really a buzzword, it's a framework for ML.
Oh it's a buzzword too. I've had people asking to 'buy a Tensor flow please'with lemme little to no idea what that is
I think most people don't share these except under NDA...
I know, was just curious what does people have to offer(I'm from non business background), Kinda wanted to know the difference between my and their(business people) perspective. Like they find an opportunity where i would most certainly ignore.
P.S Sorry for bad english
Reportedly some Dane sold bad weather to the Middle East. "Tired of the heat and sun? Come to overcast and rainy Denmark.".
That's great thinking.
Yeah it certainly is 😁
I think many people have more ideas than they can pursue.
Kinda off topic, but I’m at a weird point with my startup. We started out with a very niche and expensive enterprise SaaS product. But now we realize that there is a broader prosumer/student application. The problem is that we are about to go live in the enterprise, we have had a few demos and everyone is interested. But once the big guys see our workflows I worry that they will copy them and execute much better. I don’t know what to do. I don’t have the product expertise or team to do it right and raise money. We have already spent our bootstrapped cash. I would actually be interested in finding another cofounder if they had a previous exit and knew their stuff as far as startups and UX/product design. Ability to code obviously a huge plus. This person would likely become our CEO eventually.
But how likelihood of finding that person, or someone even close, seems really low to me. I will be really upset if we are not the ones to blow this idea up as large as it could be.
Edit: Clarity
The way people handle this in business is to ensure the 'execute much better' plan the big guys use starts with 'buy out the startup'.
If purchasing us would not be a great acqui-hire, what else do I need to focus on for that to happen vs them building something similar: Growth/momentum? Client list? Recurring revenue? What else?
Edit: tight integration with big guy’s platform would seem to be a big plus as well?
Integration before sale is dangerous, because big vendors have all the power in that relationship - if there's an incompatibility, they aren't going to change, you have to. If they threaten an incompatibility, you end up caving, selling at near or below cost per operation, eventually fold and they pick you up with pennies on the dollar - it's a shady tactic taken from old school supply chain doctrines like retail suppliers.
The things you most want to leverage:
You don't want an acqui-hire, you want a startup exit. Then you go to investors with your next idea (and keep your own money well, WELL out of it, let the billionaires gamble) and a proven success record. Repeat until you are rich enough to let other people think for you.
Thank you for all of this!
First of all, if you get a really good feedback from potential customers, and you already ready to deliver then there is no good reason to back of even if you find a bigger market opportunity. You can always explore if you have cash. Sales can solve every problem in a startup. If your growth you will be able to find your CEO as well, but you can learn it as you go. So I would suggest keeping going with your original plan until you really hit the wall.
Thanks for your reply. We will definitely keep going with our existing plan, I am just a born worrier. So say we have 3 x $33k/year paying enterprise customers. Being a Silicon Valley outsider with no network , how/where would we go about attracting the CEO type person of my dreams? Also, do we need more than that 100k ARR in the first year of sales to attract that person?
Drone-Based per-location traffic cam updates accessed via Siri/Google Assistant on the road.
Not completely a business idea, but a third party bringing a sims-like game with multiplayer is a huge opportunity just waiting to happen.