4 ms·
I'm actually wondering if this article isn't a troll. Imagine seeking investment funding and when you're presenting to a room full of VCs. Someone asks what y
by biot 15y ago
I'm actually wondering if this article isn't a troll. Imagine seeking investment funding and when you're presenting to a room full of VCs. Someone asks what your business model is and you respond with "Make more money than we spend". You might get a few chuckles, but the next question is going to be "But seriously, what's your business model?".
They're going to want you to address what value you're delivering to the customer, how you plan to address competitive threats, what market segment you're going after, how you plan to take advantage of network effects, and so on. And yes, what your revenue generation and strategy for ensuring profitibility is going to be.