Do you wait until you have enough resources? Pitch it to a VC? Build a tiny portion of the idea?
And how would you evaluate how good it is if you don't have to resources to test it out?
Yes, this is the solution, the more you go with it the more you expand it. When it reach a certain level, it would be more interesting to VC and investors.
It's amazing what you can do once you really focus on something.
Really great ideas will come back and if they show up few times then it is time to take a closer look to them.
- http://news.ycombinator.com/item?id=748057
- http://venturehacks.com/articles/minimum-viable-product
Also, talk about your idea to as many people that you trust as possible, getting feedback is really important, especially in the early stages of a project. Don't keep it secret as that won't serve you well for developing and executing your idea.
Take your big idea and turn it into a very small one. Then do that one.
I had an advisor tell me that I should always be keeping several "big" problems on the backburners at all times, so that whenever I find out about a new technique or technology, I will be able to immediately think of ways to apply the new tools to the big problems. He said it will fail 99 percent of the time, but on the 1 percent of the time that it does work, everything will somehow fit together and with any luck, you will have found a viable approach.
Of course, this doesn't always work, some ideas are too timely and then you have a different decision process; but sitting on an idea from a year ago and spotting a funding source specific to it this year is how I'm doing what I'm currently doing.
One of the good ideas can be implemented while still keeping my job, because it requires relatively small amount of resources/time to get started. It's far from original and won't make me rich, but it will give me valuable experience. My plan is to try it and see what happens.
The really good idea can become a huge success, but also fail completely because it depends on many things that are out of my control. I'm saving that untill later.
If you try honestly and still fail to kill it completely, whatever's left that you can't kill because it seems doable right now is one way to go.
We stopped because it became obvious to us that a binder (yes this was before computers were in wide use) full of great ideas is worth exactly nothing.
So what do I do when I come up with a great idea? I forget it as quickly as possible so I can concentrate on executing what I'm doing now.
If you don't have time to build it: find someone who might want to use it and tell them about it.