In this talk from the Seattle Founder Institute, Joel Espelien outlines his four basic tenants for determining business-worthy ideas. He begins by stating “you have to be the best in the world; there is no room for half-assed startups”.
Joel Espelien is the Chief Business Officer and EVP of Strategy at PacketVideo Corporation, which he co-founded in 1998. He is also a top rated mentor at the Seattle Founder Institute, which is currently accepting applications for the Spring Semester.
Joel concludes his talk by explaining the importance of timing. He says an idea is only valuable when it is introduced to the market at the right time and a meaningful trend is present; after all, “trends are the waves that carry ones business”.
If you are interested in meeting with local entrepreneurs like Joel and getting feedback on your next business idea, join us for one of our many free startup events around the world. The Founder Institute regularly hosts pitching bootcamps, idea workshops, and startup networking events for founders in all stages of company development.
Whether you have built and sold multiple companies or are simply interested in learning more about startups, check out our event calendar to attend an event near you. Visit www.fi.co/events for more information.