On Tue, Feb 14, 2012 at 11:00 PM, John Gitau <jgitau@gmail.com> wrote:

But you agree before raising the money, they had more to show than an 'idea' yes? Facebook had a site working before raising money, they had something to show.

What seems to be an issue here is 'ideas' that get stolen. I dont buy that assertion. I just don't get it. Pesapal is something many people had ideas of, heck i could claim it was stolen; your execution of it was excellent, that's what people want to fund, the idea plus the executors of that idea. People raise money all the time, but it's never just for an idea. There's go to be more.

Gitau

Sent from my iPad

On 14 Feb 2012, at 20:09, Agosta Liko <agostal@gmail.com> wrote:

> Joram
>
> Facebook and Microsoft started in a dorm room to kids who had well off parents
>
> Both raised A LOT of VC
>
> Name a tech company that did not raise money in the first year ?
>
>
>
> On 2/14/12, Joram Mwinamo <joram.mwinamo@gmail.com> wrote:
>> The problem with kenyans is wanting to start all ideas big so they can be
>> rich by tomorrow.
>>
>> Why not start at home with your PC? Even facebook began in a
>> dormroom....and if you trace microsoft, you will see only 2 geeks starting
>> out without an office.
>>
>> Where did this idea for starting big come from?
>>
>> On Tue, Feb 14, 2012 at 3:29 PM, David Kiania | Asentric Consulting Ltd <
>> kianiadee@gmail.com> wrote:
>>
>>> Mugambi you are so on point. How many ideas have been generated worth
>>> stealing in the last say. 5 years?
>>>
>>> My 2 cents
>>>
>>>
>>> On Tue, Feb 14, 2012 at 4:26 PM, Mugambi Kimathi
>>> <skunkworksjahazi@gmail.com> wrote:
>>>> @Mickey
>>>>
>>>> i had to jump at this one :)
>>>>
>>>> Principal 1: Ideas really aren't worth all you think they are.
>>>> Yes you're smart, yes, you're amazingly wonderful and creative. but in
>>>> reality very few ideas are truly novel. think about it....
>>>> What really happens is that two independent technology evolutions (say
>>>> internet and mobile phones) eventually progress to the point where a
>>> simple
>>>> idea to act as a bridge and convergence of the two .. and a product is
>>> born.
>>>> The farther you see the convergence the more brilliant your idea is..
>>>> but
>>>> with every passing day the distance of the two technologies lessens and
>>> you
>>>> dont have a bright idea because it is obvious to everyone.
>>>>
>>>> Principal 2: Big Ideas need Big Resources.
>>>> Dont just rely on your idea to make it all the way. it has to be
>>> supported.
>>>> You need great infrastructure. Say you have this big Idea of going to
>>> planet
>>>> Mars.. Well you need lots of resources to do it unlike a simple idea
>>>> creating a mobile game of Xs and Os.
>>>> In such a case would your rather own 5% of 1 Million or 100% of 10K.
>>> thats
>>>> for you to decide
>>>>
>>>> Principal 3: Let your ideas gestate.
>>>> Usually we get so overly excited about new ideas. here is the timeline
>>>> 00:00: great new Idea
>>>> 1 minute later: some more details
>>>> 2 minutes later: Think of the fancy s-class i shall buy when i get rich.
>>>> 3 Days later... the idea has died down. if its still good after 1 week
>>> then
>>>> you may be up to something.
>>>>
>>>> MK
>>>>
>>>>
>>>>
>>>>
>>>>
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>>>
>>>
>>> --
>>>
>>>
>>> [Asentric Consulting Ltd]
>>>
>>> http://www.shutterdiplomacy.com
>>>
>>> I ask not for a lighter burden, but for broader shoulders. -Jewish
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>>
>>
>>
>> --
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