74. Opportunity is Everywhere: Using Twitter, Wikipedia, Patents, & Niche Databases to Discover Trends
Oct 7, 2023
54:55
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Discover unconventional ways to generate business ideas and spot trends using the internet. Learn how to use Twitter searches, Wikipedia's unsolved problems, a sci-fi technology database, and patents. Explore finding good ideas on Twitter, remaking classic chocolate bars, and discovering interesting patent filings. Delve into Adobe's patent on diversity scoring and the use of patents for competitive advantage. Discuss longevity, aging theories, and surprising facts about the human body. Embrace the opportunities and power of the internet.
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Quick takeaways
The internet provides valuable resources like Twitter searches to discover product demand and innovation opportunities.
Patent newsletters offer insights into companies' investments and future trends, aiding entrepreneurs in finding potential areas for innovation.
The Not Boring Sci-Fi Idea Bank and Wikipedia's unsolved questions serve as inspiration and sources of curiosity for entrepreneurial creativity and advancement of knowledge.
Deep dives
Opportunities are all around us
Opportunities for jobs, businesses, etc. are abundant and can be found everywhere. Many unsolved questions remind us of the possibilities that exist. The internet provides tools and databases to explore ideas and solutions shared by people all over the world. By leveraging platforms like Twitter, patent newsletters, sci-fi idea banks, and lists of unsolved questions, one can find inspiration and uncover opportunities that may have seemed impossible. The key is to remain curious, pay attention, and embrace the optimism that there are still so many resources available to help us find what we want to do.
Twitter: The Power of Search
Twitter's search functionality can be a powerful tool for uncovering ideas and opportunities. By using query modifiers, such as filtering tweets with a certain number of likes, one can find tweets where people are asking for products or expressing needs. This allows for a vetted query that not only identifies demand but also shows the interest of other users. By exploring these searches, individuals can discover potential business ideas or areas where innovation is needed.
Patent Drop: Insights from Patents
Patent Drop is a newsletter that surfaces interesting patents filed by companies. These patents can give insights into current and future areas of focus for large organizations, revealing what they consider important and worth investing in. By tracking these patents, entrepreneurs can identify emerging trends and areas where they can potentially innovate. It's an opportunity to keep an eye on what established companies are exploring and potentially find inspiration for disruptive ideas.
Not Boring Sci-Fi Idea Bank: Dreaming Up the Future
The Not Boring Sci-Fi Idea Bank is a database of ideas from science fiction books throughout history. It provides a collection of concepts that were once considered outlandish or science fiction but have since become a reality. This resource offers inspiration for entrepreneurs and creators seeking unique and innovative ideas. Exploring the database can spark creativity and open one's mind to the possibilities of what technology and innovation can bring in the future.
Wikipedia's list of unsolved questions reminds us of the vast mysteries and unsolved problems that exist in various fields. It humbles us by highlighting what we still don't know despite the progress we have made. These questions can serve as a source of curiosity and inspiration for researchers and innovators looking to make an impact. By exploring these unanswered questions, individuals can delve into research and contribute to advancing knowledge and finding solutions.
The internet has a treasure trove of information that you can use to generate business ideas, spot trends, and understand what the future will look like before everyone else. But to benefit from the internet's wealth of knowledge, you need to learn how to use it in the right ways.
In this episode, Cal and Steph discuss four unconventional ways that you can use the internet to find good ideas for businesses and products that people actually want.
You’ll learn how to:
Use Twitter searches to discover products that people want
Tap into a rich reservoir of unsolved problems with Wikipedia
Leverage a sci-fi technology database to dream up the future
Leverage patents to see what companies are investing in
This episode is not affiliated with Steph's work at a16z and is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. For more details please see a16z.com/disclosures.
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