by sradnidge on 5/19/11, 8:26 AM
Proving once again, an idea without execution is worth precisely fuck all. All the non-technical founders out there trying to rip the executors in terms of equity, take note.
by patio11 on 5/19/11, 9:19 AM
Greoup buying has been done many times before, including in the bubble. GroupOn has the distinction of working. I also think it is essentially orthogonal to the original group buying aspect but that was useful pretraction.
by quan on 5/19/11, 10:22 AM
If Arrington had invented Groupon, he would have invented Groupon
by nikcub on 5/19/11, 9:10 AM
I wouldn't say invented so much as 'foresaw the large opportunity'.
It popped up on Techcrunch a lot before GroupOn, ie. how is it that the $170B local ad market has been left untouched by the web?
by briggers on 5/19/11, 10:27 AM
A business idea is conjecture, execution is an experiment.
The word 'invented' here is a vocabulary failure.
by ewalk153 on 5/19/11, 9:19 AM
Ideas are cheap, good execution is worth millions (or in Groupon's case billions).
by random42 on 5/19/11, 11:01 AM
<snark> and I invented time machine in 2001 </snark>
Idea means almost nothing. Execution is the hard part.
by paulnelligan on 5/19/11, 9:23 AM
he's also listed spotify/grooveshark there in number 6 ...
anyway, I would hardly call having an idea an invention ... the invention is the implementation of that idea, which is worth nothing until it's actually implemented ...
by wushupork on 5/19/11, 8:06 AM
Apparently he also came up with dropbox
by beerglass on 5/19/11, 9:27 AM
Is Dropbox today's answer to idea #1?
by finebanana on 5/19/11, 8:15 AM
and ordered bullet list