R.I.P. Quibi

A mere 6 months after launch and after burning through a good portion of the 1,75B USD it had raised from investors, the short form streaming platform Quibi is closing it’s doors. Why? Because even if they were almost too big to fail they still managed to hit the one big pole, other entrepreneurs work…

Go challenge success

Often when we think about which new projects to pursue, we have a tendency to stay away from the ones, where there are already some really dominant players. Because we have a feeling that we will ultimately come up short. But is that always the case? What happens when someone you know from a successful…

Idea or execution?

Rocket Internet, the famous German copycats of popular digital services, is delisting from the Frankfurt Stock Exchange. This has prompted some to claim that their time is up, and that their model of copying others successful ideas was never a viable one to begin with. But that’s totally not true. Zalando alone is amble proof….

The tough bet on ‘less’

It is not uncommon to see new products launch with a lot of features. Too many features, perhaps. The rationale is fully understandable; there is an urge to get a ‘finished’ product out, and you quickly form your own opinions about what that means in terms of feature set. The underlying rationale behind it is…

Always create value

One of the hardest things when building new products and services is to deliver real value to your customers. I know, it sounds stupid. But it’s true. And there are two reasons for it: First of all, you’re not the judge of what brings value to your customers. They are. That’s a frightening prospect, because…

Nothing is that far-fetched

The other day I was revisiting our list of potential ideas to explore further. It is a list we keep in our Studio team to jot down ideas and problems for potential future exploration, and – who knows – a new, exciting startup. As I went through the list I was reminded of some of…

Say Hi! to FIXDIT

Today we’re soft-launching a simple pilot of our latest project, which we call FIXDIT. FIXDIT is for homeowners and home maintenance professionals who wants to get rid of all the horror stories about home maintenance and redecoration projects. It is a challenging area, and lots of homeowners put off doing projects for fear of getting…

Find the blind spots

The other day I invited a good acquintance to come and visit us at inQvation and to provide feedback on an idea, we’re toying with. The latter part made sense given that this person has about 30 years of experience within the industry, where our idea potentially offers a new angle on things. I asked…

Use the ecosystem

Greg Satell makes a very important point when arguing that even the best ideas cant’ make it on their own – they all need an ecosystem to thrive. Without they risk losing out to lesser ideas properly seeded through various channels. And that is – often – a real shame. The point is worth mentioning…

No idea is that dumb*

Some ideas intuitively makes sense. Other ideas seem just about the most stupid thing, you have ever heard of. Yet, while the former can go on and become a viable idea, the dumb idea more often than not end up making a killing. Andrew Chen calls it “The Dumb Idea Paradox”. I would just suffice…

Don’t undersell your idea

Should the person who comes up with an idea also be the one who straight out of the blocks evaluate its desirability, feasibility and viability? Probably not due to the obvious risk of bias. It is also why we have some tools for ideation and another set of tools for assessment and validation. The really…

A new exciting chapter

Today marks a truly exciting new chapter in my professional life as I embark on a new role as Head of Studio at InQvation in Taastrup on the outskirts of Copenhagen, Denmark. Together with the greatest colleagues, you can imagine, I will be running experiments on ideas for new businesses with the goal of validating…