Ben-Horowitz: Groundbreaking ideas always sound stupid.

Source: Internet
Author: User
Keywords idea that sounds
Ben Horowitz, the Silicon Valley venture capitalists, co-founder of the Horowitz Foundation Ben Horowitz (Ben Horowitz), at Stanford University in Y Combinator, said that starting a company requires not only courage and determination, but also being seen as crazy by the outside world.  , stupid, strong willpower.  Starting a business is a no-brainer, he says, and every groundbreaking idea looks stupid at first. Horowitz told 1700 entrepreneurs and aspiring entrepreneurs that starting a company would certainly be considered in terms of market size and so on, but one common denominator for all was a breakthrough idea. And a breakthrough idea always looks very stupid.  You have an idea that if everyone thinks it's groundbreaking, then it's definitely not a breakthrough.  He also says breakthrough ideas usually come from people who seem to be imagining things. ' The challenge is to pick out the investors from countless startups, ' says Horowitz. ' You're looking for entrepreneurs who seem crazy. Of the annual New American technology companies, only 15 of the annual revenue can reach 100 million dollars.  These 15 companies are, of course, the Horowitz and every tradition investment company wants to invest.  Horowitz also recalled Loudcloud's ups and downs, the company renamed Opsware, who led the company through the dotcom bust, and eventually sold it to HP for 1.6 billion dollars. This article compiles from CNET (summer)
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