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I recently talked to you about how important it is to choose a star founder with the power to execute their unique vision.
But that's only half the battle. This founder must also have a billion-dollar idea.
When you find someone who can transform their great ideas into products customers need, you've struck gold.
Today, I'll show you how to spot a billion-dollar idea once you feel confident that you've nailed down a winning team.
The idea and the founder go hand-in-hand. You can't have one without the other.
Long before I was an angel investor, I sat on the other side of the table as a startup founder. I've personally founded four successful businesses. And let me tell you – it is seriously grueling work.
It was all worth it, though – and not just because I ended up making money.
More than anything, I'm glad I did it because each business started with an amazing idea. And what's better than watching an amazing idea come to life?
World-changing ideas are the bedrock upon which the startup world is built. Every successful business starts with one. And once you find a winning team to work with, you have to see whether their idea is any good.
But what does a great idea really look like?