Bad idea Quote by Derek Thompson
““Picking a few hits requires a tolerance for many bad ideas, mediocre ideas, and even good ideas cursed with bad timing. Above all, it requires a business model that supports the inevitability that most new things fail; the most promising ideas often attract a chorus of skeptics; and one big hit can pay for a thousand flops.””
About This Quote
Innovation requires tolerating many failures and a model that sustains them.
In simple terms: Accept many bad ideas to find hits.
Key Takeaway
Build resilient, tolerant business models.
Themes
innovation
risk tolerance
business strategy
Mood
realistic
encouraging
Type
business
philosophical
When to use this quote
- startups
- product development
- investment decisions
Key Concepts
economics
entrepreneurship
Questions to Reflect On
- How to keep morale amid flops?
- What structures support ongoing experimentation?
A Different Perspective
Too many failures can demoralize teams.
