The very best startup ideas tend to have three things in common: they're something the founders themselves want, that they themselves can build, and that few others realize are worth doing. Microsoft, Apple, Yahoo, Google, and Facebook all began this way.

If you ask entrepreneurs or VCs which of team, product, or market is most important, many will say team... On the other hand, if you ask engineers, many will say product. This is a product business, startups invent products, customers buy and use the products... Personally, I’ll take the third position—I’ll assert that market is the most important ... See more