I think a "good idea" is way overrated. When it comes to companies like Paypal, Twitter and Myspace - innovation was key. But even Myspace wasn't the original social networking concept.

I'm more interested in having an idea for a business, that just a good idea. For example, there are energy companies - and then there are oil companies. Energy companies can expand and adapt to new economic climates, where as oil's sole idea is to produce and sell oil.

I've been looking at ventures in a new light after alot of research. I'm trying not to emphasize on coming up with the first of something or having a "million dollar idea." Henry Ford didn't invent the automobile, Jimi Hendrix didn't make the guitar, and Michael Dell came after the personal computer. Yet all of these men set the bar in their respected field - without coming up with the original "idea."