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How do you know if an idea is worth pursuing?

This is a general question, but I will give a specific example.
Not to long ago, I decided to step out of my comfort zone and put an idea for an app, (a game based on doodling), out into the world. I put my idea on a brand new crowdfunding site specifically designed to help raise funds for the development of applications.
I got a good start, but as the time ran down I realized I was coming up short. Unfortunately, my idea was not chosen for development.
The fact that my app didn't make it could have been a combination of things, my network was not big enough, the crowdfunding platform was to new, I may have not leveraged social media effectively enough, or the idea was just simply not good enough.
So my question is, how do I know if I should try to pursue this idea? How does one know when it is a good idea to pursue any idea? Many fail several times before they succeed, but how do they know it is worth trying again?
I look forward to hearing the comunities thoughts on this.

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    Apr 8 2013: I think that if you are passionate about an idea and that you feel that it could make a difference to a persons life, then it would be worth pursuing. If we look at things with a economically feesible outlook, then we would never really enjoy all the thing that we may like or be indulged in.

    With economics, what isnt feesible today might be feesible tomorrow, but if we loose hope in pursuing it today then we may not realise it when it could be. Many examples of such ideas exist such as the idea for aluminuim production, the idea of the difference machine(first mechanical computer in the world) by Charles Babbage who designed machines and never really get down to building them and the list goes on.

    If you would, i have written a blog post on this specific kind of idea, and it might help you understand where im coming from. Please read it and let me know what you think.
    http://thinkrandomness.blogspot.com/2012/03/infinite-thoughts.html


    Thank you
    Yusuf

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