| On the execution of an idea that provides something that people want and are willing to pay for. So, you're question is really "How do you define 'Execution of an idea, and how do you fund that": You'll need an idea with capable skill behind it. The skills you need will evolve with the idea and the % of execution performed. At times you will need development, infrastructure, sales and administration. Development is the team to execute on the feeatures your idea needs to keep users engaged/paying. Infrastructure is needed initially/at scale in different forms, factors and frequencies. Sales is getting people to know about use and pay for your idea. Administration (I am using generically) to include all the activities that support the above. Rent, HR, Marketing (though this can also go into Sales) So, you need to have a somewhat solid understanding of the above as it relates to your idea and where you are in the process of building a company. A very very early startup is going to spend most on, intially development and infrastructure, then on sales, then on admin, then cycling back to the other areas as needed. Hopefully you do NOT wind up with a resource sink such as legal battles, poor investments on non-contributors etc... |