IdeasHut is a blog where anyone can submit a startup idea and get feedback on it. The thought process seems to be that by getting the community involved, there is a greater chance of finding partners, guesstimating demand, or getting early feedback of competitors.
So far there are some interesting suggestions by community members, such as a cellphone tower auctioning platform that gives everyone a place to offer their property up for rent to cell companies.
The concept of IdeasHut is fair, but the thing to remember here is that ideas are more or less worthless to startups – the value-model is important.
Lets say you write “A site which offers people cheaper air tickets and also gives them relevant travel guides next to it” …. that’s a worthless idea, its been done to death already. But you could still be a millionaire provided you’re able to make the right partnerships or have an incredibly innovative way of reducing ticket costs.
The problem is people wont like to share their secret value-model on a public site like this.
This site just tends to the question “What do we call a startup anyway?” If its something semi-cool with limited novelty value but no business model, then ideas hut is great. If a startup is a serious attempt to make money from an untapped market, then this site isnt useful.