I agree with this too. My list is what I think is important based on my perspective and it is what I use to judge ideas. Everyone should put together their own list - just the process is valuable as it makes you question your own assumptions.
I did say the only critical requirement of a good idea is that you can execute it. By this criteria it sound like your good ideas were not so good :)
That's just re-packaged hind-sight. You're supposed to use a list like that before you start your execution, not to look backwards in time and then to say 'oh, that idea was no good because I did not manage to execute it optimally'.
Yes I agree, but I am using the list to judge which ideas are good or bad. I have a few ideas that would make my list if I had a lazy $100 million available, but I don't so they don't make the cut. I also have ideas I think are great, but I can't think of anyway of making any money for me so they are also out. It is finding those ideas that I can do with my resources and I can make money off that is really, really hard.
I don't think anyone is going to give me $100 million and I am even less sure I even would want it if it was on offer. I live a very nice life doing mostly what I want because I don't have to answer to anyone other than me. I am pretty sceptical that taking outside investors is desirable.
Yes. This is my list of what I feel are the most important factors for any idea I am evaluating. I think the list does have inherent value for others (especially as a starting point), but it's real value is as a catalyst for people to develop their own list.
Having said this I do expect that a good list should share many points with my list. The major difference I think for many is likely to be over the importance or not of an idea being able to be bootstrapped. For many people this is not important, but for me it is very important.
> The major difference I think for many is likely to be over the importance or not of an idea being able to be bootstrapped. For many people this is not important, but for me it is very important.
I think you should add that caveat to your blog post! It makes all the difference and it makes me see your list in a much more favorable way.
I did say the only critical requirement of a good idea is that you can execute it. By this criteria it sound like your good ideas were not so good :)