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No Business Plan, No Venture Capital, No Problem

26 Jun, 2007  Business Ideas, How To  Brian Armstrong

Here is a great video that was posted on Guy Kawasaki’s blog which reinforces my main message:

  • I don’t believe in business plans
  • You probably don’t need venture capital
  • Just get started with something, and grow from there
  • If it doesn’t work out, you’ve lost nothing, and learned a valuable lesson
  • Your next try will be that much more likely to succeed

It’s a discussion panel with 5 entrepreneurs who bootstrapped.

Markus Frind, the founder of PlentyOfFish.com is my new hero (James Hong of Hot or Not is a close second). Marcus spends about two hours a day in his underwear managing a free dating website that gets twelve billion page views a year. He is the only employee, and he only has one server. And by the way, he makes $5-6 million/year with Google ads.

Check out the video here.

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