0bsidian

I have spent the past year looking for good ideas for a startup and have little to show for it.

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-Things that we have:-

1) A great early team, made up of myself (just a normal bizdev guy) + 1 talented former private equity partner (who made a fortune on Wall Street) + 1 talented CMU CompSci PhD. The three of us have been friends for years and work together really well.

2) Investors that are willing to write blank checks (within reason) because of the trust in the team (mainly former colleagues of the PE guy).

3) Cash in the bank to continue experimenting

4) An interest in SaaS and ML (and some experience in the latter)

-Things that we don't have:-

1) Ideas of what to do

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We have read EVERYTHING on how to come up with startups ideas (ranging from Paul Graham essays to The Mom Test). We have ran interviews with friends in corporate and startups, asked old colleagues, attented conferences, organised meetups in our city, a ton of time spent networking, etc.

The few product ideas we came up with following the above process we dropped, often because we discovered that that space is ultra crowded or commooditized.

We will not give up but are getting unsure on how to break the stalemate.

Any tips or advice?

Thanks!