Efficient Market for New Ideas

I got asked to sign a NDA yesterday.  It is something people ask about a lot, and something I always refuse to sign.

Ideas are cheap (my going rate is probably $1 per idea), turning an idea into a successful feature/product/business is the hard part.

“If there were an efficient market, I could simply “sell” my idea to whoever wanted to buy it for “fair market value” (lets say $1,000). Right now, the simple cost of figuring out what the idea might be worth is likely more than the idea itself. This is a clear case of the transaction costs exceeding the cost of the item.”

https://www.linkedin.com/today/post/article/20130924171139-658789-how-to-filter-and-select-startup-ideas?_mSplash=1

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s