New business ideas?
Perhaps I am just becoming more cynical over time but it is tough to be an entrepreneur without a good idea. Now more than ever I am seeing a re-creation of old ideas with new twists. The latest twist is adding an ICO (Initial Coin Offering) to everything from social platforms where people will be sharing their knowledge with others (aka free mentors you find online) or e-commerce platforms that you get their cryptocurrency like points.
The next wave, the next concept. Back in the 90’s when companies were starting to be built on the Internet, there were slews of them that were literally brick and mortar concepts just put up online because the Internet was just going to change everything. Ties.com is one that comes to mind.
Successful backable ideas are creative, forward-thinking concepts that change the way we do things. Rehashing old concepts that have yet to work or do work with a twist is the long tail of the entrepreneurial era. I should just embrace it and get over it but I can’t help but say out loud “really”?
Comments (Archived):
It’s often uninspired (and don’t get me started on ICOs in general…) but there’s probably something to be said about right time, right place.There were a lot of good ideas that failed due at least partially to poor timing: bandwidth wasn’t available, computers or mobile devices weren’t prevalent, etc.Consumer VR/AR is one of those areas that has been around the track a few times now. I still don’t think it’s the right time, but seems like at some point there will be a breakthrough.
Timing in life is definitely key
The crypto world and ICOs in general are a mess on side surely but they are inspiring some truly great ideas.Like a platform for imagination. Which in itself if valuable.You might get something out of this post: http://arnoldwaldstein.com/…
Have you seen the approach where a visitor/user can give a site or app permission to run some javascript in her browser that uses a % of her cpu for coin mining? Of course, it’s already being used nefariously, but in a permission-based scenario, at scale, it may have potential.It feels like a lot of the possibilities lie in the traditional ‘consumer’ becoming a ‘vendor’ in the value exchange, and/or where being consumer or vendor isn’t a binary assignment in any given exchange.Blockchain, decentralization, platform cooperativism — there are sweet spots in the intersections of those ideas, I think. I keep hoping to see Twitter pioneer in this area. Would be amazing. But doesn’t feel like it’s going to happen.
i don’t see twitter playing in this.it takes community to make blockchain work and that is hardly their strongsuit.
Public private partnerships seem to be a very ripe place to add value to ideas which are complex. You have been a fan of them. What are your thoughts for PPP in 2018?
ideas need to be native to and dependent upon the new technology.what we have is boiling primordial soup. eventually something will crawl out.
global access, trustless networks, decentralization and immutability are powerful agents of change – but I wonder if they are a panacea to any and all problems. Maybe there is a happy medium for a lot of ideas out there that possibly do not need the legal and financial implications or anonymity in the blockchain
Blockchain is one thing. Exchanging crypto currencies on your site is another