Posts Tagged ‘funding’

Afraid Of Getting Your Ideas Stolen

Sunday, April 11th, 2010 by Alan Yu

I was watching an interesting video today of a guy that has apparently been working for years in trying to get his product going where the main drawback was financing. So, he essentially needed funders. The funny thing is that even though he has everything prepared to pitch the idea he is afraid as by pitching it he is telling the whole world about his idea and someone can just easily take it.

I guess an example is like a writer that sends unsolicited pitches to a studio in hopes that his script will be bought. Therefore, the fear is the studio can just take your idea and run as you don’t really have any protection since it is unsolicited. I suppose the only real way to be safe is to get the funding yourself or be so good that people will want to come to you where you can set on the ground rules in the beginning before they can see your work.

This can be a huge procrastinator for some people where they end up never doing anything as they always think their idea is too golden. I heard one good phrase in regards to this before though from a person. Basically, he said something along the lines of if you trust that your one idea is so great then you should trust in yourself that you can always create more.

Good way of thinking I think as eventually you have to do something with your ideas. Otherwise they are kind of pointless. Take precautions of course but don’t just leave them on the shelf simply because you are afraid people will run away with them.

Low Budget or No Funding Novelty

Sunday, April 12th, 2009 by Alan Yu

I was talking to some people recently who wanted to make a feature film and one person was complaining that he had no money and resources to do it. Another person then commented how that was a bad way of thinking. He mentioned about this real story apparently about a person who actually used his cell phone to record the video and in turn made it into a feature film that got a lot of attention. That was even surprising for me to hear.

At the same time, that sure showed how there really is no excuse if you really want to do something and at the same time doing something with very little money can actually be good too. I always found that you will be judged differently if people know how little money or resources that you used to make an idea come to life. It’s just a matter of getting pass that thought that you need or have to do things the same as everyone else.

You can save money and at the same time be an innovator that establishes your own market as oppose to trying to fight over a piece of the pie. Ever notice too that in success stories people often love to say how little money and resources they had when starting out just to make it big afterwards? It’s not as compelling if the person say came from a rich family right? Learning to use that novelty in your growth stages can definitely be something that you can embrace to gain support and recognition for your venture.

Money From Google To Change The World

Thursday, September 25th, 2008 by Alan Yu

While using Google yesterday I saw this tiny link on the site about something called “Project 10 to the 100th” As it appears, Google is holding this contest of sort where people can submit their ideas that would help people around the world and the best ideas will receive funding to help make it happen.

As you can see on the site, they are pledging about $10 million towards this project. Kind of interesting I must say. I like events like these as even if you don’t actually win you would normally get to see a lot of ideas that can be enlightening. I think the only thing scary for a lot is the video submission as I’m sure a lot of people are camera shy.

Let’s see if I can think of an idea.