“Your idea is not valuable, at all. All value is in the execution. You think you are an exception; you are not. You should not insist on an NDA to talk about it; nobody serious will engage in contract review over an idea, and this will mark you as clueless.” Patrick McKenzie

And then Facebook came.

Do you mean that Facebook is an exception? Because I’ve done grueling research (watched The Social network, twice) and execution won over idea.

I meant that the idea of Facebook is better than execution. The idea was stolen due to lack of NDA and mz gets all the credit.

I find idea of Facebook amazing, execution is ok but nothing great!

@yendenikhil I think the point is... the idea of Facebook doesn’t generate profit and attract millions upon millions of actual users.

Idea is hot air.

Execution is tangible product.

@SSDD I understand your point of view but it is debatable depending on point of view, like without idea there is no product.

@yendenikhil I disagree that it’s even debatable. I’ve been through 2 rounds of startup funding personally. One where we raised several million and right now I’m involved in another where we’re raised a small number of thousands as a seed.

Rich strangers don’t give you money for having an idea. They give you money once you’ve executed something tangible. Even if it’s just a prototype. You still need to actually do something.