Proving once again, an idea without execution is worth precisely fuck all. All the non-technical founders out there trying to rip the executors in terms of equity, take note.
Execution is more than building a site. Groupon, especially, is an example of a site that is successful due to the deals that they can negotiate and their quality writing.
That's not to say that I disagree with you that the builders deserve good equity as well.
Greoup buying has been done many times before, including in the bubble. GroupOn has the distinction of working. I also think it is essentially orthogonal to the original group buying aspect but that was useful pretraction.
he's also listed spotify/grooveshark there in number 6 ...
anyway, I would hardly call having an idea an invention ... the invention is the implementation of that idea, which is worth nothing until it's actually implemented ...
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[ 2.4 ms ] story [ 48.3 ms ] threadThat's not to say that I disagree with you that the builders deserve good equity as well.
It popped up on Techcrunch a lot before GroupOn, ie. how is it that the $170B local ad market has been left untouched by the web?
anyway, I would hardly call having an idea an invention ... the invention is the implementation of that idea, which is worth nothing until it's actually implemented ...
The word 'invented' here is a vocabulary failure.
Idea means almost nothing. Execution is the hard part.