Bright Ideas Need Scintillating Teams

22 06 2011

I was invited to speak for five minutes at the Bright Ideas networking event last night. Here’s what I said:

You’ve heard of them before -

Orville and Wilbur
Hewlett and Packard
Jobs and Wozniak
Page and Brin
Mitchell and Youens

Even Zuckerberg had a team behind him, even if he screwed most of them along the way.

So you have a bright idea. I’m told there are some really interesting ones here tonight, ranging from geeky Internet plays to innovative service offerings through to novel contraceptive devices.

BUT

Ideas on their own are nearly worthless.

It’s your ability to execute that will determine your ultimate success.

It’s unlikely you’ll be able to do it all on your own.

Are you an inventor, engineer, sales person, strategist, customer support, company director, financier, and janitor all rolled into one? It’s not impossible, but it’s pretty unlikely.

If you don’t have the vision, passion, drive and charisma to get a team around you, you’re unlikely to have the charm to sell your first unit. So get a team around you.

Investors are far less likely to invest in an individual than in a great team.

I don’t know if you’ve seen Matt Ridley’s TED talk entitled “When Ideas have Sex”, but he posits that the engine of human progress has been the meeting and mating of ideas to make new ideas. It’s not important how clever individuals are, he says; what really matters is how smart the collective brain is. Bottom line: you can’t do it on your own. Sharing ideas is fun, and results in better and stronger ideas that naturally select and adapt to the environment.

So that’s why you’re here tonight – to meet other people and – well – share your ideas with them in the hope that you can improve your ideas and more importantly get together and put some real capability to execute behind those improved ideas. And when you can do that – you start looking a lot less like a pipe dream, and a lot more like a business.


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