Why an Idea is Worth Nothing

This is the beginning of a presentation I give to my class at Presidio. I gave it to Darius Sankey's class at the UCSD Business School last semester, and the students seemed to enjoy it. 

The title is provocative, but it is meant to inspire deep thinking about the innovation problem, especially for entrepreneurs. The data and the math are irrefutable: the chances of entrepreneurial success are close to zero. 

So the point is to think differently - really differently - about everything that goes into innovation. The goal is to fix the extremely high new venture failure rate.

An Idea Is Worth Nothing

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