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RE: Business Plan competition V2: You must sell a service and you must incorporate a token into the design- 500 Steem and 1000 ENG prize pool.

in #money6 years ago

This is the reason I'm not freaked about sharing ideas. The idea doesn't really matter by itself. The day to day, keeping leaders, community members, devs, and customers engaged over long periods of time is where longevity and profit are derived.

If the idea really is radical and revolutionary there likely wouldn't be enough folks to get it anyway to be a competitive threat.

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Precisely. I think people sometimes get caught up in their own ideas and think they're going to change the world or be stolen. I am not ashamed to admit maybe 7 years ago I kind of thought like this. I built things in secret because I was so afraid of my ideas being stolen.

I actually discovered later on that telling people your ideas and as many people as possible leads to a better end result, as your feedback pool deepens substantially.

There is a reason most companies and venture capitalists refuse to sign NDA's from starry eyed start-ups and developers, because nobody makes an acquisition or investment into an idea.

.....i see your logic, now see mine.

If your idea is already a few steps ahead, its fine to share.

No idea is unique , everyone ispretty much doing everything .

However, from experience, its best to speak with private investors and keep part of your plans secret until you're good to go.

There is a reason companies secure patents before releasing a product .

Running a business is hard, especially when one has little cash

If it were $1m up for grabs, then i would be inclined to risk sharing it to the world.

Hey @aggroed

No stress, buddy. Just curious if this competition has been drawn yet and a winner announced?