Hello everyone.
I've been reading HN for a long time but this is my first question here. My brother has this brilliant idea for a start-up related to business world and we really believe that it has a bright future once it starts. I've been actively developing it for a month and currently all we are missing is a good design. As we are working on it, it will be up and running in 2 weeks, I will be more than happy to announce it here first.
There is something we are afraid of. Our idea can be stolen / integrated easily with the current big business networking web sites. And another thing is, that our idea can make us the biggest business networking web site ever. However in order to prevent being absorbed, this may sound stupid, I thought that we only focus on just doing the idea and not doing the networking part so big ones would think "they did not add that feature in a networking site, lets stay calm for a while". But then, this really sounds stupid.
So, help us out with that. What should we do so we don't get absorbed? Should we patent the idea? Is there any other ways to protect ourselves and the idea?
Thanks in advance.
If your idea is good and you execute well, you have little to fear from large competitors. The larger the company, the harder it is for them to innovate. They're protecting their revenue streams and have less appetite for risk.
They'll wait for your idea to be proven before they consider implementing it, letting you absorb the risk. When it comes time for them to implement, you may have a large enough market share that it doesn't matter what they do. Or you may have made enough progress that it's easier for them to acquire you than it is to build it themselves.
One thing that does concern me in your description is it sounds like your idea is simply a feature, not a viable business or even a useful product. The fact that you're concerned with your idea being easily tacked onto an existing social site leads me to believe that it's really just an improvement on things that are already out there.
Features don't really stand alone by themselves. You need a compelling product and a decent revenue plan to turn it into a business.