Entrepreneurship, Mark Cuban and Melding Minds
TechCrunch50 featured an interesting - and flawed application called IMINDI. It attempts to build mind maps then grow those mind maps through the power of collaboration with the collective Internet audience. Essentially, you begin to build your mind map on a given topic and when you just can't get any further, you find a kindred thinker to collaborate and help you come up with new ideas. The underlying idea is something like this: A utility like Google maps all the information available on the Web for your discovery and to make computer smarter, while IMINDI will attempt to map all of the ideas of the world to make us humans smarter. It's interesting, but there are some flaws. Probably the most significant is the amount of time and participation it would take to make something like this even remotely useful. And while the business model sounds possible, it seems to be a long time away from reality.
Check out the video - it better explains the tool and it's a good study for aspiring entrepreneurs in creating a product and - true to the mission of IMINDI - getting feedback from an audience of potential investors. Sometimes what you think is innovative may not hit your target audience. But that doesn't mean it won't work in some other capacity. Or, perhaps your idea is just ahead of its time - which, I get the feeling is exactly what these guys think. Besides, there's some highly entertaining feedback from Mark Cuban. If you like what you see, you can visit the IMINDI website to request inclusion in their beta testing.