No Business Plan, No Venture Capital, No Problem
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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