Over the past year or so, I've had about five startup ideas, with lots of spinoff and sub-ideas. I dutifully log them, mentally putting them in an "ideas for later" bin. I want to finish my graduate program, since several of the ideas are related to my research, and my advisor has said that founding a startup wouldn't be totally incompatible with graduate school. I'm lucky that I have that kind of flexibility. At the same time, though, that seems like a tricky line to walk, and my program is destined to take about another four years.
So it becomes a game of risk evaluation. What are the best ways to go about founding startups? What are the greatest risks and most common mistakes? How do you find good, dedicated, and trustworthy teammates? How do you evaluate your ideas? (I love you Mom, but you think that almost everything I come up with is a good idea.) How likely is it for a given idea to succeed? How do you decide when the time is right? How far do you jump in?