Comments on: My Best Friend’s Wedding: The Startup https://www.daniellemorrill.com/2010/04/my-best-friends-wedding-the-startup/ I can see the future, because I live in it today. Sat, 19 Jul 2014 20:57:57 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Al Abut https://www.daniellemorrill.com/2010/04/my-best-friends-wedding-the-startup/comment-page-1/#comment-3030 Fri, 02 Apr 2010 13:04:15 +0000 http://www.daniellemorrill.com/?p=1435#comment-3030 If it makes you feel any better:

1) I’ve had this happen to me several times, it’s a trippy “how did they read my mind?!?” feeling.
2) the idea might be the same, but the execution varies so wildly that the end result is almost never exactly what you would’ve created.

That second reason is a powerful incentive to always keep creating and to not worry about first mover advantage. It’s that Paul Graham thing of getting the first version out purely as an excuse to get feedback and iterate into what the product will eventually be. So maybe one day you’ll create your own thing after all!

]]> By: Egoistpaul https://www.daniellemorrill.com/2010/04/my-best-friends-wedding-the-startup/comment-page-1/#comment-3029 Fri, 02 Apr 2010 12:57:12 +0000 http://www.daniellemorrill.com/?p=1435#comment-3029 Ideas are easy for me also. They come by everyday. I think the most important thing about starting a business is to get rid of bad ideas and keep the profitable ones.

I attended a worship years ago, and I learned that the most practical approach to plan a business is to position it in such a way that it is a strategic value to an existing business. This way, the new business can be bought out once the business becomes mature, and the return on investment is optimized. So, I’ve always spent a lot of time on SWOT analysis in order to position a product as a strategic value to someone else out there.

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