Magnatune founder and CC board member John Buckman is giving a presentation today (and again next month) in London provocatively titled How to piss off the Industry for Fun and Profit.

Check out John’s slides (PDF) (licensed under CC Attribution).

I’ll give away the the big picture answer below, but do check out the whole presentation:

What makes a great business idea?

It really annoys an established industry who is making a lot of money

and

it’s legal

and

it gets you excited to get out of bed every morning.