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Building A Factory vs. Discovering A Goldmine

I've gone back and forth on how much an idea is worth a few times. At first, I thought ideas were worth a lot. Then, I thought it was all execution, and ideas are worthless. I've been thinking about it some more in light of some recent deals, and I've come around a little to believing in the value of ideas again -- with a caveat.

But first, let's check out the best post written on the subject. Here's Derek Sivers --

To me, ideas are worth nothing unless executed. They are just a multiplier. Execution is worth millions.

Explanation:

AWFUL IDEA = -1 WEAK IDEA = 1 SO-SO IDEA = 5 GOOD IDEA = 10 GREAT IDEA = 15 BRILLIANT IDEA = 20

Fundamentals and Novelty Seeking

I'd like to draw your attention to a really smart comment made on the recent Opportunity Cost post by Random --

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