Okay, where do I go with this?

[daveymark]

I guarantee hundreds of other people have the same idea you do. Capital is the one thing holding everyone else back as well.

Trust me on that. Try to come up with another idea that is more affordable for you to undertake yourself. Otherwise you will need to dedicate every waking moment you have to this great idea.

at the very least, try to get a patent (If it's "patentable"). then you can make a little bit when someone else finally decides to fund the idea that you and everyone else has thought about.

Although, it's very possible all those other folks have patents as well

 

[Blazin Trav]

Pitch to VCs or investors.. I fail to see how this is hard? Do some research.

 

[ThePresence]

Originally posted by: daveymark
I guarantee hundreds of other people have the same idea you do. Capital is the one thing holding everyone else back as well.

Trust me on that. Try to come up with another idea that is more affordable for you to undertake yourself. Otherwise you will need to dedicate every waking moment you have to this great idea.

It's possible someone else once thought of this.
But I'm willing to bet nobody did.

 

[ThePresence]

Originally posted by: jpeyton
What on earth do you need $50 million for?

That's the area it would cost to correctly and successfully implement it.

 

[jjones]

Having an idea is not enough, you need to put on paper, at hte very least, a complete business plan and development strategy. In essence, you need to take it as far is you can without the 50 million. Until that point, no one will take you seriously.

Edit: Oh, and when you do get to that point, you probably realize you can do it for much less than the 50 million.

 

[ThePresence]

Originally posted by: jjones
Having an idea is not enough, you need to put on paper, at hte very least, a complete business plan and development strategy. In essence, you need to take it as far is you can without the 50 million. Until that point, no one will take you seriously.

This much I already know.
THe question is where I go from there.
I'm of the opinion that it's probably better to go directly to a company that has the capability to make it happen (most of it anyway), than to go to VC's. I just think the company would 'get it' alot quicker.

 

[ThePresence]

Originally posted by: jjones
Oh, and when you do get to that point, you probably realize you can do it for much less than the 50 million.

Not likely.
Not in a successful way.

 

[jjones]

Originally posted by: ThePresence

Originally posted by: jjones
Having an idea is not enough, you need to put on paper, at hte very least, a complete business plan and development strategy. In essence, you need to take it as far is you can without the 50 million. Until that point, no one will take you seriously.

This much I already know.
THe question is where I go from there.
I'm of the opinion that it's probably better to go directly to a company that has the capability to make it happen (most of it anyway), than to go to VC's. I just think the company would 'get it' alot quicker.

Most companies won't be interested. That's not what they do. In general they'd prefer to bring their own ideas to market, or buy some fledgling company who's product dovetails with their own in some fashion.

To be honest with you, I wouldn't worry so much about the "where do I go from here" aspect. If you truly develop this idea, that will come to you in time, or you'll discover where to go research the answer you're looking for.

Edit: Also, I'm not sure what exactly you're talking about. Is this an actual manufactured product or is it some type of service? If it's manufactured, then it's easier to get a company involved if you have a working prototype.

 

[JS80]

Originally posted by: ThePresence

Originally posted by: jjones
Having an idea is not enough, you need to put on paper, at hte very least, a complete business plan and development strategy. In essence, you need to take it as far is you can without the 50 million. Until that point, no one will take you seriously.

This much I already know.
THe question is where I go from there.
I'm of the opinion that it's probably better to go directly to a company that has the capability to make it happen (most of it anyway), than to go to VC's. I just think the company would 'get it' alot quicker.

You need to go through an angel investor and create something tangible before a VC will even consider your pitch. And VCs will only give you funding if you have a top notch management team.

 

[jjones]

Originally posted by: JS80

Originally posted by: ThePresence

Originally posted by: jjones
Having an idea is not enough, you need to put on paper, at hte very least, a complete business plan and development strategy. In essence, you need to take it as far is you can without the 50 million. Until that point, no one will take you seriously.

This much I already know.
THe question is where I go from there.
I'm of the opinion that it's probably better to go directly to a company that has the capability to make it happen (most of it anyway), than to go to VC's. I just think the company would 'get it' alot quicker.

You need to go through an angel investor and create something tangible before a VC will even consider your pitch. And VCs will only give you funding if you have a top notch management team.

Yeah, that's what I was thinking too. An AI for seed money to take the project through its first stage if needed. For something requiring an outlay of 50 million, that's probably going to be necessary, but maybe not. It depends on what's needed and if you have sufficient of your own funds to cover the first phase costs.

 

[JS80]

Originally posted by: jjones

Originally posted by: JS80

Originally posted by: ThePresence

Originally posted by: jjones
Having an idea is not enough, you need to put on paper, at hte very least, a complete business plan and development strategy. In essence, you need to take it as far is you can without the 50 million. Until that point, no one will take you seriously.

This much I already know.
THe question is where I go from there.
I'm of the opinion that it's probably better to go directly to a company that has the capability to make it happen (most of it anyway), than to go to VC's. I just think the company would 'get it' alot quicker.

You need to go through an angel investor and create something tangible before a VC will even consider your pitch. And VCs will only give you funding if you have a top notch management team.

Yeah, that's what I was thinking too. An AI for seed money to take the project through its first stage if needed. For something requiring an outlay of 50 million, that's probably going to be necessary, but maybe not. It depends on what's needed and if you have sufficient of your own funds to cover the first phase costs.

I can't imagine any business idea that requires $50 million to get started. Even if you need a manufacturing plant, unless it's something that no plant in the world is capable of making, you can always outsource manufacturing.

Maybe OP meant $50 million capital eventually?
OP: What would be the minimal outlay needed to create a prototype or working product that you can show?

 

[ThePresence]

Originally posted by: JS80

Originally posted by: jjones

Originally posted by: JS80

Originally posted by: ThePresence

Originally posted by: jjones
Having an idea is not enough, you need to put on paper, at hte very least, a complete business plan and development strategy. In essence, you need to take it as far is you can without the 50 million. Until that point, no one will take you seriously.

This much I already know.
THe question is where I go from there.
I'm of the opinion that it's probably better to go directly to a company that has the capability to make it happen (most of it anyway), than to go to VC's. I just think the company would 'get it' alot quicker.

You need to go through an angel investor and create something tangible before a VC will even consider your pitch. And VCs will only give you funding if you have a top notch management team.

Yeah, that's what I was thinking too. An AI for seed money to take the project through its first stage if needed. For something requiring an outlay of 50 million, that's probably going to be necessary, but maybe not. It depends on what's needed and if you have sufficient of your own funds to cover the first phase costs.

I can't imagine any business idea that requires $50 million to get started. Even if you need a manufacturing plant, unless it's something that no plant in the world is capable of making, you can always outsource manufacturing.

Maybe OP meant $50 million capital eventually?
OP: What would be the minimal outlay needed to create a prototype or working product that you can show?

A working prototype can be made for $1.5 million, or that area. The problem is that the working prototype will not be able to show the potential upside of the full project.

This is ridiculous. I'm speaking in riddles and I can't really expect to get good advice that way.

 

[Safeway]

Originally posted by: ThePresence

Originally posted by: JS80

Originally posted by: jjones

Originally posted by: JS80

Originally posted by: ThePresence

Originally posted by: jjones
Having an idea is not enough, you need to put on paper, at hte very least, a complete business plan and development strategy. In essence, you need to take it as far is you can without the 50 million. Until that point, no one will take you seriously.

This much I already know.
THe question is where I go from there.
I'm of the opinion that it's probably better to go directly to a company that has the capability to make it happen (most of it anyway), than to go to VC's. I just think the company would 'get it' alot quicker.

You need to go through an angel investor and create something tangible before a VC will even consider your pitch. And VCs will only give you funding if you have a top notch management team.

Yeah, that's what I was thinking too. An AI for seed money to take the project through its first stage if needed. For something requiring an outlay of 50 million, that's probably going to be necessary, but maybe not. It depends on what's needed and if you have sufficient of your own funds to cover the first phase costs.

I can't imagine any business idea that requires $50 million to get started. Even if you need a manufacturing plant, unless it's something that no plant in the world is capable of making, you can always outsource manufacturing.

Maybe OP meant $50 million capital eventually?
OP: What would be the minimal outlay needed to create a prototype or working product that you can show?

A working prototype can be made for $1.5 million, or that area. The problem is that the working prototype will not be able to show the potential upside of the full project.

This is ridiculous. I'm speaking in riddles and I can't really expect to get good advice that way.

Bingo.

 

[GuitarDaddy]

Sheesh!

If I had a $1 for every story like this I've heard, I would lend you the money

"No. It's not new technology, just applying existing tech in a new and innovative way."

Large corporations have entire staffs of professional brainstormers spending 10hrs a day coming up with and investigating every conceivable way to leverage exsisting technologies. Chances are great that your idea has been explored many times, and if it has any merit infinately more resources and research have already been invested than you as a single person could accomplish.

Unless you have truly invented "a better mouse trap" or designed a new patentable process, your chances are slim and none.

Of course you could PM me your idea, and I'll tell you what I think

 

[ThePresence]

Originally posted by: GuitarDaddy
Sheesh!

If I had a $1 for every story like this I've heard, I would lend you the money

"No. It's not new technology, just applying existing tech in a new and innovative way."

Large corporations have entire staffs of professional brainstormers spending 10hrs a day coming up with and investigating every conceivable way to leverage exsisting technologies. Chances are great that your idea has been explored many times, and if it has any merit infinately more resources and research have already been invested than you as a single person could accomplish.

Unless you have truly invented "a better mouse trap" or designed a new patentable process, your chances are slim and none.

Of course you could PM me your idea, and I'll tell you what I think

I know, you're 100% right.
This will probably not go anywhere.
But I guarantee you it's a great idea, and I doubt it's really been explored.

 

[everman]

What kind of analysis did you do to come up with these numbers?

 

[ThePresence]

Originally posted by: everman
What kind of analysis did you do to come up with these numbers?

Well, since a major part of the idea working is based on buying certain properties in a specific area, it wasn't that difficult. The difficult part was pricing up what the rest of the project entails. It is not firm numbers, but it's a basic area. It's not a real estate based idea, but it will only work in a certain type of area. Like I said, it's ridiculous to talk in riddles like this.

 

[LordMaul]

Step 1) Email me the complete details of your plan.
Step 2) ...
Sep 3) Profit!