Liu interviews Corcoran and Medved at the 92nd Street Y about great business ideas. Medved:
Many people get this idea that it’s all about the idea…and that’s completely wrong. The first thing you have to do is you have to develop the idea. Even before you start building, you have to convince other people that it’s a great idea.
I don’t really pay much attention to the idea at all. If it’s common sense and it’s plausible, that’s fine…I’m hyperfocused on the entrepreneur. I’m trying to pick out the right people