
A
couple posts ago, I reiterated the cliche that ideas are a dime a dozen. There's more to that statement than simply "there are a lot of ideas," which is true, of course. There is also the fact that whatever idea you've had, there is a huge chance that someone else has had similar thoughts already. Ideas, themselves, are rarely 100% unique (hence the importance of implementation, execution, survival and luck.)
That's probably something to do with how we all arrive at our creative conclusions. We see different factors in play across whatever industry we're a part of and we start connecting the dots with other things that we already know. Certain things online really are kind of formulaic anyhow. Search, video, content, dating, social networking, music, classifieds -- these are all features that define an idea as "sexy" (which is largely influenced by previous success more so than interest level, I'd imagine) If some new technology comes along that makes it easier and cheaper to produce any combination of those winnable ideas, you can expect a flurry of activity in that space. The chance of a million twitter clones intensifies (okay, okay... poor example).
Part of being an entrepreneur is the emotional capacity to withstand the defeat of seeing "your" idea being developed by someone else. At least, I tell myself that, because it seems to keep happening to us ;) It seems to be a pretty relateable concept though, as almost everyone with an entrepreneurial spirit has some sort of story about the one that got away. The folks with the home runs are often the ones who swung the bat the most (BTW, Cliches are cliche for a reason. Because they kick ass.) So what's the best way to counteract it?
My thought is that you have to be able to move fast. You need the resources to take action right away. The key resource being talent. There doesn't seem to be much time available these days for learning curves. In our latest case (which I won't go into detail over, doesn't seem cool to the team that pulled it off), there was a ton of ramp up time and the fact that we have pretty active day jobs. A bad combination. We could have outsourced everything, but.. What's the learning curve like on Hindi? I say that in jest, but it's not hard to guess what the pitfalls of outsourcing may have been.
The good news is that we added a new skill set to our tool belt. The world's a better place because someone pulled the idea off. It's comfortable to know that our head is still in the right place (well,
Gavin's at least. I wasn't the most passionate about it). There are other directions we can take the prototype in anyhow, and well,
Emurse is kicking serious ass lately regardless ;) All in all, it ain't no thing.
If you're working on an idea that isn't first to market, and you get the wind knocked out of you by whoever is, don't let it slow you down. Analyze the situation, decide if it makes sense to compete, and if not, move to the next idea. After all, they're a dime a dozen, right? ;)