I hear great ideas for new companies all the time. Unfortunately, the vast majority of these ideas never mature into startups, and even fewer become lasting companies. This is ironic because most people think building a startup is all about having a great idea. (I believe the phrase goes “if only I had thought of Facebook, I’d be rich!”) The truth is that while a good idea is essential, it’s only the first step in creating a viable startup.

Smart dude.