innovation – DAN REICH

New Ideas – Y Combinator

Startup Ideas We’d Like to Fund
Paul Graham
July 2008

When we read Y Combinator applications there are always ideas we’re hoping to see. In the past we’ve never said publicly what they are. If we say we’re looking for x, we’ll get applications proposing x, certainly. But then it actually becomes harder to judge them: is this group proposing x because they were already thinking about it, or because they know that’s what we want to hear?

We don’t like to sit on these ideas, though, because we really want people to work on them. So we’re trying something new: we’re going to list some of the ideas we’ve been waiting to see, but only describe them in general terms. It may be that recipes for ideas are the most useful form anyway, because imaginative people will take them in directions we didn’t anticipate.

Please don’t feel that if you want to apply to Y Combinator, you have to work on one of these types of ideas. If we’ve learned nothing else from doing YC, it’s how little we know. Many of the best startups we’ve funded, like Loopt, proposed things we’d never considered.

GREAT LIST. GREAT IDEAS.

http://ycombinator.com/ideas.html

An invention I should have pursued further

Last year, I began pursuing an idea with a good friend of mine. We met with one of our extremely talented professors, Giri Venkataramanan, and began developing mathematical equations to turn our idea into a reality. Well, we stopped pursuing the idea due to a simple lack of free time, and sure enough, the idea has surfaced and is now in production.

“Terry Kenney’s Dragon Power Station prototype works by harnessing the kinetic energy of trucks passing over plates buried in the road and turning that energy into electricity.”

– Jason Chen, Gizmodo.com

Even one of the comments made, expresses the same thought process we encountered.

“@ludwigk: It’s a great idea though if done as already noted by NOT lowering your fuel economy. If they placed this on, say, every interstate off-ramp. Everyone needs to slow down anyways. Lots of traffic. It’s not going to hurt your fuel efficiency if you’re already trying to stop. all it will do is save you some wear and tear on your brakes. Granted, it’s probably not generating as much power as that article initially claims, but still…every bit counts.”

But if anything good comes from this, it is this: Validation. (Andy M taught me this)

The fact that this idea was developed, and is in production, validates our initial pursuit of invention.

Maybe next time.