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Reversing the Decline in Big Ideas - Max Marmer - Harvard Business Review

Stashed in: 106 Miles, Economics!, Ideas, HBR, startup, Harvard

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This one is interesting, thoughts?

I hear the following a lot from would-be investors: "You have a great team, great experience, great seed investors, a great market opportunity, and an interesting product with decent traction. I can't invest now but call me when you get more traction."

Now that's more than two years into building this company full time.

It's really really really really REALLY hard to get the backing to go after big, transformational ideas.

No matter what anyone says in the press about how much money is out there.

Which is why most entrepreneurs are pushed by the market to do smaller things.

Unless you've had a previous massive exit and/or are massively independently wealthy.

The two usually go hand in hand, although perhaps the third option is to make money from the get go e.g. Dropbox, Facebook, AirBNB...

That third option does seem to be key. eBay, Google, Paypal, Evernote, Zynga, Groupon, Square...


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