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Google didn't have a business model when they started but they were sure they were building something useful. I don't know much about fashion and I don't know i
by jkuria 7y ago
Google didn't have a business model when they started but they were sure they were building something useful. I don't know much about fashion and I don't know if what they have is truly useful, but I respect them a lot and will see if I have contacts I could introduce them to.
- aeturnum 7y agoGoogle's initial funding, when they did not have a business model, was around 1 million dollars. By the time they got a significant chunk they had decided to use ads to try to monetize. Not all useful things make sense as income generating businesses.
- jkuria 7y agoNot according to In the Plex. They had raised money from Sequoia and Kleiner Perkins and John Doerr was almost losing his mind on how much cash they were burning through with no business model. Finally, in an act of desperation, they copied Overture's model. The rest is history!
- sokoloff 7y ago$1MM in 1988 is about $2.15MM today, hardly different from what these folk raised.