> Given any talented team, they an take any concept and evolve it to fit the market.
I’ve come to view great teams as “necessary but not sufficient”. That is: without a great team you will fail, but even with one you still need to build something a market will pay for.
If an objectively great team was all you needed, venture investors wouldn’t be satisfied with the dismal likelihood of getting returns on startup money (compared to other forms of investing).
Re: giving concepts time—fair point, but I think you also have to consider your own time as an investment. Sure a failing project could work with 2y more effort, but is it worth two years of your life to find out if it hasn’t already worked? What if you spent that time on giving another idea a chance?
I’ve come to view great teams as “necessary but not sufficient”. That is: without a great team you will fail, but even with one you still need to build something a market will pay for.
If an objectively great team was all you needed, venture investors wouldn’t be satisfied with the dismal likelihood of getting returns on startup money (compared to other forms of investing).
Re: giving concepts time—fair point, but I think you also have to consider your own time as an investment. Sure a failing project could work with 2y more effort, but is it worth two years of your life to find out if it hasn’t already worked? What if you spent that time on giving another idea a chance?