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Building a company that is not solving a real problem —> Juicero raised 100s of millions for a high-end juicer that was essentially a very expensive way to squeeze pre-packaged juice pouches that you could actually squeeze by hand
Having a solution and then looking for a problem —> Think of the Segway
Not checking who worked on the idea in the past and whether or not it worked —> Think of food delivery solutions that need really good logistics so it can actually work out
Getting discouraged because someone else is working on a similar idea —> No idea is actually unique. Everyone copies everyone. That’s how we evolve as human beings.
Being afraid to share your idea with others because they might steal it —> No one will steal your idea, and if they do, that’s life. Winners are made in the execution phase.