I finally saw The Social Network last night. Good movie, although I don’t think it’s possible to develop a compelling story about a young company without taking artistic liberties of some kind. So while much of the film is probably a work of fiction, it reminds me that many entrepreneurs:
- Think that ideas have value.
- Worry that someone will steal their ideas.
- Should spend more time pondering why no one steals their “implementation.”
Going forward, let’s call any person that fits this description Bill Jr.
I frequently hear from Bill Jr. He wants to talk about his latest start-up idea – after I sign his non-disclosure agreement, of course. Why the NDA? Because he thinks that his idea is worth millions.
And that’s the problem – the idea isn’t worth anything. An idea has no value until someone executes on that idea.
So Bill Jr., forgive me for laughing hysterically when you protect your ideas like a mother bear protects her cubs. I just can’t help it.