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

Author: Jay Fisher

I'm a product guy focused on building great consumer experiences. Gathering quick feedback and building internal consensus by iteratively improving on minimally viable products. My background is in consumer products and finance, I greatly enjoy tackling the challenges involved in financial services and technical product management I love making new professional acquaintances. Reach out (public@jayfisher.info) if you want to talk technology, business, product management, or agile. View all posts by Jay Fisher