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by davidw
5702 days ago
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> there are no stable ideas that can be used to found a sustainable business I didn't mention 'stable'! What I think is that there are ideas that, at the right point in time, allow people who can execute on them well to do really well. And I think some of those ideas, at least, can be done well by a reasonable number of people. For instance, something like eBay was likely to pop up at that point in time. So for a little while, prior to its inception, it would have been a valuable idea. However... no, I don't think a market for ideas can be stable due to the non-exclusivity of ideas! Once one is out there, its value drops quite a bit. It's similar to markets for some kinds of information, like knowing the closing price of the DJIA on the 3rd of November. If I knew that today, it'd be worth a lot of money. Next week, it'll be worth nothing. |
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